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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.

Massive disruption after power outage shuts London's Heathrow airport
Massive disruption after power outage shuts London's Heathrow airport
by  AFP

Britain's Heathrow airport -- Europe's busiest -- shut down early on Friday after a major fire at an electricity substation cut power to the sprawling hub, causing disruption worldwide to hundreds of flights and thousands of travellers. The UK's second busiest airport, Gatwick, said it would accept some flights from Heathrow.

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