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Thames Water says it has £515m cash in the bank as its debts swell to £18.5bnGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.China grew 4.3% in the quarter to 30 June, one of the slowest rates on record, as sluggish domestic demand outweighed a surge in exports.While operationally the business is improving, we are also working with our creditors, regulators and government to complete our recapitalisation.10am BST: Eurozone indu

Skeleton judged to be one of the largest and most complete ever unearthed was excavated on a ranch in South DakotaA vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction.It also sold well above a pre-sale estimate of $20m to $30m (£15m to £22.4m). Continue reading...

Svetlana Grković says she grabbed her husband’s legs while he was ‘outside up to his chest’ for two minutesRyanair passenger almost sucked out of window during flightRyanair has axed family seating policy – but kids’ fees add upA woman who saved her husband from being completely sucked out of a Ryanair plane mid-flight has said she thought as he held on to his legs: “If we die, we die together.”Ljubisa Karović was sucked out headfirst on the flight on Friday after an engine failure res

Extension comes as government encourages first nuclear power projects in a generation to meet UK’s growing need for electricityBritain’s most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant a 20-year life extension.Sizewell B in Suffolk was due to shut down within the next decade, but under a deal with the government its lifetime will be extended to 60 years to help meet the UK’s growing demand for low-

A legal case on behalf of some 700,000 people against the country’s biggest housebuilders could be a catalyst for much-needed industry reformEvery new government – at least for the past decade or so – has come into office with a promise to build more homes. New ministers don a hard hat, take a trip out to a recently completed development and smile indulgently as a bright young couple get given the keys to a smart-looking new-build. Then follows a speech about aspiration.The unspoken tr