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Gary Wang, co-founder and chief technology officer of FTX, was sentenced to no time in prison on Wednesday, two years after the cryptocurrency firm collapsed and faced accusations of defrauding customers.

Thames Water chief executive Chris Weston previously warned that the company only has enough cash to survive till next May but many think it will run out of money by Christmas.

Trump has also appointed his good pal and transition chief Howard Lutnick to head the Commerce Department.

In June, Nick Adderly, the chief constable of Northamptonshire Police was sacked for exaggerating his naval rank and length of service.

But according to Vicky Read, chief executive of charging firm Charge UK a weakening of the mandate would be the wrong move.