Northern rail could be renationalised, says transport secretary

Grant Shapps says it is not OK for trains to fail to arrive or for Sunday services to be lostThe Northern rail network could be renationalised after years of late and cancelled trains, according to the transport secretary, who said the current franchis…

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Global economy faces $19tn corporate debt timebomb, warns IMF

Update on markets lists eight leading countries, including US, China and UK, as vulnerableLow interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the…

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