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Heathrow closure could cost millions, disrupt flights for days
Heathrow closure could cost millions, disrupt flights for days
by  AFP

Huge travel disruption at London's Heathrow airport caused by a power cut Friday could take several days to remedy and cost millions of pounds, experts estimated. - Several experts estimated that the cost of the incident for the airlines and the airport, which handles some 230,000 passengers a day, would total tens of millions of pounds.

EU tariffs not a deterrent, says Chinese EV maker XPeng
EU tariffs not a deterrent, says Chinese EV maker XPeng
by  AFP

Chinese electric vehicle maker XPeng said Friday that European Union tariffs on EVs made in China have had a "large economic impact" but will not deter the firm's plans to tap European markets. The tariffs are "something we have to deal with... it's a large economic impact," XPeng vice chairman and president Brian Gu said at the opening of a Hong Kong store.

Trump suggests Tesla vandals be jailed in El Salvador
Trump suggests Tesla vandals be jailed in El Salvador
by  AFP

President Donald Trump suggested Friday that people who vandalize Tesla property -- the car brand owned by his billionaire ally Elon Musk -- could be deported to prisons in El Salvador. Attorney General Pam Bondi this week branded vandalism against property owned by Tesla as "domestic terrorism" in a public show of support for Musk.

Trump denies reports Musk to receive 'top secret' China briefing
Trump denies reports Musk to receive 'top secret' China briefing
by  AFP

US President Donald Trump denied media reports on Friday that his billionaire ally Elon Musk would receive a "top-secret briefing" on Washington's strategy in a potential war with China. According to the Times, Musk was set to receive a briefing Friday on US military plans in case of a war with China, including maritime tactics and targeting plans.

Germany's huge spending package passes final hurdle in upper house
Germany's huge spending package passes final hurdle in upper house
by  AFP

Germany's upper house of parliament on Friday gave the final seal of approval to a massive spending package to build up the military and overhaul infrastructure. The upper house is made up of representatives of Germany's 16 federal states, and several state leaders spoke in favour of the package before the vote.

Russian central bank holds key rate at two-decade high
Russian central bank holds key rate at two-decade high
by  AFP

Prices have been rising quickly across the Russian economy for months, pushed up by massive government spending on the Ukraine conflict and deep labour shortages. That spending has bloated the Russian economy, partially offsetting the impact of Western sanctions.