Heathrow airport’s long-contemplated third runway project may finally come to fruition as Chancellor Rachel Reeves announces government support, emphasizing the economic benefits of increased connectivity. However, political opposition from Labour and environmental concerns regarding emissions targets pose significant obstacles to the project’s success. While Heathrow remains committed to the expansion, challenges related to construction, financing, and the overall impact on growth remain uncertain, prompting some experts to advocate for alternative strategies to boost air capacity in the UK.
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China hits back with limited response to Trump tariffs
Beijing retaliated against Donald Trump's tariffs on Chinese imports by imposing their own duties, targeting US products like LNG, cars, and rare metals. The measures, set to take effect on February 10, were seen as a move to avoid a full-blown trade war. China also announced an antitrust probe into Google. Despite the tensions, hopes for negotiations between Trump and President Xi Jinping remain. The Wall Street bank noted that Beijing blocked exports of several...
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