On Friday, the closure of Heathrow Airport due to a nearby fire led to over 1,300 cancelled flights and 240,000 disrupted passengers, with airlines facing an estimated £100m in losses. The first flight out after reopening was a British Airways trip to Riyadh, while over 100 flights were cancelled the next day as airlines struggled to retrieve their aircraft. The economic impact is immeasurable, with inbound tourism and the UK’s appeal suffering in both the short and long term, alongside the emotional toll on passengers whose travel plans were ruined.
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EU prepares to investigate Mars-Kellanova deal
European regulators are set to investigate Mars's $35.9 billion acquisition of Kellanova, the maker of Pringles and Pop-Tarts, due to concerns about high market shares without proposed remedies. The deal, crucial in a declining packaged food market, could face delays beyond the August 13 deadline if regulatory reviews prolong the process. Need More Context? 🔎
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