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...The planned downgrade would have taken their financial strength rating down three notches, from B++ to B-, they said....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...“Despite the current economic weakness we don’t expect a jump in unemployment — only a slight increase,” said Andrea Nahles, pointing to a tight job market with 1.7mn vacancies and a skills shortage that...
...No mention of the B-word, then....
...Ukraine aid bill: Democrat Senate majority leader Chuck Schumer is expected to propose a “Plan B” after the $118bn bipartisan spending bill that tied support for Kyiv to a crackdown on immigration at the...
...A buzzy but unobtrusive soundtrack of, say, R&B or soul complements dinner....
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...When their idol took the stage, the screams that greeted her would do justice to the word hysteria, yet what followed was not an evening of Taylor Swift pop or Ariana Grande R&B, but a set of bossa novas...
...‘B-movie general’: The families of Israelis being held by Hamas have heaped criticism on the retired army officer who is managing the hostage crisis....
...Among the most expensive approved gene therapies are uniQure’s haemophilia B treatment Hemgenix, at $3.5mn and Bluebird’s thalassaemia drug Zynteglo, which is priced at $2.8mn....
...Also by accident, she suggests in the catalogue, she stumbled on Andrea Dworkin’s books Pornography (1981) and Intercourse (1987) and became a feminist....
...Appels, a percussive piece — rainsticks, kettledrums, bells — by French-Mexican new wave R&B artist Andrea Balency-Béarn was followed by Cage Letters, a piano setting of three of John Cage’s love letters...
...As the novelist Zadie Smith wrote in a review of Paul’s memoir Self-Portrait in 2019, hers “is not... the tale of a muse who later became a painter, but an account of a painter who… found herself mistaken...
...Between September 2000 and September 2023, 7,782 conflict deaths in the Gaza Strip were recorded by B’Tselem, a Jerusalem-based non-profit organisation....
...The atmosphere is part British Museum, part monastic B&Q....
...Party A cannot coerce party B into providing labour or goods at a price that does not command party B’s unforced consent....
...The maritime sector he said, is “only so resilient” and “would clearly like to be reassured there is a Plan B”....
...Smith, a partner at US law firm Herrick, Feinstein....
...Mayo-gate, when investor Terry Smith launched a scathing attack on Unilever over its purpose-driven mayonnaise....
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
...Britain after Brexit is edited by Gordon Smith. Premium subscribers can sign up here to have it delivered straight to their inbox every Thursday afternoon....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
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