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Saudi investment fund to buy 10% stake in Heathrow airport

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Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial.

Another 15% in its parent company, FGP Topco, will be sold to French-based private equity fund Ardian.

Ferrovial, which has owned a stake since 2006, announced that the deal was worth £2.37bn ($3bn). The transaction is still subject to regulatory conditions, according to the firm.

If approved, the deal would end Ferrovial’s investment in the UK airports’ operator which started at 56% but was reduced to 25% by 2013.

Other stakeholders in FGP Topco include Qatar Investment Authority, Caisse de dépôt et placement du Québec, Singapore’s GIC, Australian Retirement Trust, China Investment Corporation and Universities Superannuation Scheme.

The airport has been losing money this year because of its significant debt which is affected by aggressive hikes in the cost of borrowing.

The Civil Aviation Authority has also decided to lower passenger charges which go towards costs for terminals runways, baggage systems and security.

The average charge per passenger at Heathrow for 2023 is £31.57 but the regulator said this would fall to £25.43 in 2024 and “remain broadly flat” until the end of 2026.

It is understood bosses at Heathrow wanted charges to actually increase to more than £40, while airlines proposed they should be no more than around £18.50.

Saudi’s PIF is one of the world’s most active sovereign wealth funds with more than $700bn in assets thanks to its oil wealth, which has recently been investing in sport such as football and golf.

But the fund is controlled by Saudi Arabia’s prince Mohammed bin Salman Al Saud whose government has been accused of numerous human rights violations.

US intelligence has said it believes Prince Mohammed ordered the 2018 killing of a US-based journalist, Jamal Khashoggi, though the prince has been given immunity in the US and he has also been invited to visit the UK according to the Saudi Arabian embassy.

(BBC)



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Foreign News

Philippine VP Sara Duterte impeached for a second time

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Duterte was impeached on the same grounds in 2025 [BBC]

The Philippine House of Representatives has voted to impeach Vice-President Sara Duterte for a second time, threatening her plan to run for president in 2028.

Monday’s vote moves the impeachment process to the Senate for trial, where if convicted, the daughter of former President Rodrigo Duterte will be disqualified from holding public office.

The 47-year-old is leading early surveys to replace her ally-turned-bitter foe, President Ferdinand Marcos Jr.

The case against the vice-president stemmed from her alleged misuse of public funds and public threats against Marcos, his wife and his cousin, the former House speaker.

Duterte was impeached on the same grounds in 2025, but the Supreme Court blocked it on a technicality before the

senate trial could start.

The case was revived this year. Last week, a House committee that looked into the evidence against the vice-president ruled that there was sufficient grounds to impeach her.

Duterte described the case as “nothing more than a scrap of paper” in a formal written response. She refused to appear in the committee hearings which she said had been politically motivated.

After the impeachment vote on Monday, Duterte’s defence counsel said in a statement that “the burden now rests on the accusers to substantiate their claims” according to the law.

Monday night’s impeachment vote served as a barometer of Marcos’ support in the House. 257 of the 290 lawmakers in attendance voted to impeach Duterte, more than the one-thirds required to advance the case to trial.

But unlike in the House, a conviction in the Senate is uncertain, if a trial does start and runs its course.

In Philippine politics that is dominated by patronage and dynastic alliances, House members, who are elected per legislative district are friendlier to the incumbent president, compared to senators.

The country’s 24 senators are elected on the national level and the Senate is a traditional springboard for those hoping to run for president or vice-president in the future.

In the 2025 mid-term vote, where half of the Senate was elected, candidates allied with Duterte fared better than those who ran under Marcos’ coalition.

But the outcome of an impeachment vote will be difficult to predict under the country’s multi-party system with shifting alliances.

Getty Images Philippine Vice-President Sara Duterte kisses the hand of her father, former president Rodrigo Duterte
The vice-president’s father is former president Rodrigo Duterte [BBC]

Duterte announced her intention to run for president in February, much earlier than expected. Marcos is limited by the constitution to a single six-year term.

She holds a 17-point lead over her nearest rival based on a survey in March by Manila pollster WR Numero.

In the 2022 elections, Duterte was the survey frontrunner to succeed her father, but she formed an alliance with Marcos and ran for vice-president instead to consolidate their support bases and fend off a reformist wave. The pair won by a landslide.

But the alliance soon unravelled as they pursued divergent political agendas.

Marcos’ allies in the House, led by cousin, then speaker Martin Romualdez, investigated allegations of fund misuse in Duterte’s office.

At the height of public scrutiny, Duterte hosted a late night online press conference,  where she said she told one person that “if I get killed, go kill BBM [President Marcos], [First Lady] Liza Araneta, and [House Speaker] Martin Romualdez”.

Then in March last year, Marcos allowed theInternational Criminal Court to arrest Rodrigo Duterte and detain him at The Hague, where he now awaits trial for crimes against humanity over the hundreds who died in his so-called war on drugs.

[BBC]

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Car bomb attack and ambush in northwest Pakistan kill at least 21 police

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Workers clear the rubble at the site of an overnight attack on a security post in Fatah Khel, in Pakistan's Khyber Pakhtunkhwa province bordering Afghanistan, May 10, 2026 [Aljazeera]

A car bombing at ⁠a police post, followed by an intense firefight, has killed at least 21 officers ⁠in northwestern Pakistan, according to police and security sources.

An alliance of armed groups known as the Ittehad-ul-Mujahideen Pakistan has claimed responsibility for the attack in Bannu, a district in Khyber Pakhtunkhwa province bordering Afghanistan, late on Saturday.

[Aljazeera]

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One dead in US after being struck by taking off Frontier Airlines plane

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A Frontier Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver, Colorado [Aljazeera]

A person has died after jumping an airport perimeter fence in the US state of Colorado and being struck by a Frontier Airlines plane, according to authorities.

Denver International Airport said the unusual incident occurred late Friday, after the unidentified individual gained access to the tarmac.

It said the “pedestrian jumped the perimeter fence and was hit just two minutes later while crossing the runway”.

A brief engine fire followed the collision, which was put out by emergency responders, according to the airport.

It said that 12 of the 231 people on board suffered minor injuries, with five hospitalised.

The airport said investigators had examined the fence line where the individual entered and “found it to be intact”.

It added that the struck individual “is not believed to be an employee of the airport”.

“We are extremely saddened by this incident and express our sympathies to those involved,” the airport said.

Both local authorities and the National Transportation Safety Board (NTSB) were investigating the incident.

Airport safety in the US came under renewed scrutiny earlier this year amid a prolonged shutdown of the Department of Homeland Security (DHS), which temporarily left both Transportation Security Agents (TSA) and air traffic controllers working without pay.

While instances of people being killed on airport tarmacs are rare, Friday’s incident came a day after a Delta employee was killed after an airport vehicle struck an airbridge at Orlando International Airport.

In March, two pilots were  killed after an Air Canada Express plane crashed into a fire-rescue vehicle at LaGuardia Airport in New York.

About 225,000 people travel through Denver International Airport a day.

[Aljazeera]

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