Biggest railway strikes for 25 years after drivers overwhelmingly back action

Good morning. 

There could be even more misery ahead for British holidaymakers as Heathrow warned it could tell airlines to cut more flights.

The airport said it would review recent schedule changes and ask carriers to take further action if necessary.

It came as Heathrow apologised for the recent chaotic scenes in the travel hub, saying: “Despite our best efforts there have been periods in recent weeks, where service levels have not been acceptable, with long queue times, delays for passengers with reduced mobility, bags not travelling with passengers or arriving late, and we want to apologise to any passengers who have been affected by this.”

Heathrow said nearly 6m passengers passed through the airport in June, taking the total for the first six months of the year to 25m. That’s equivalent to 40 years of passenger growth in just four months.

5 things to start your day 

1) Putin ‘most likely’ to cut gas supplies to Europe – Brace for rationing and blackouts, warns French economy minister Bruno Le Maire

2)  Space entrepreneurs to oversee British satellite launches from the sofa – Lockheed Martin to open remotely accessed mission control centre in Oxfordshire

3)  Hydrogen-powered jet engines to be mass produced at British factory – Start-up ZeroAvia wants to launch zero-carbon emissions flights by 2024

4)  Macron held ‘spectacular’ meeting with Uber as it lobbied to rewrite taxi laws – Leaks suggest French president had close relationship with company’s then-boss Travis Kalanick when serving as economy minister

5) The unlikely London suburb where fleeing Hongkongers are starting new lives – Foxtons has set up a special Asia Pacific helpdesk to meet the huge demand from expats

What happened overnight 

Tokyo stocks opened higher after Japan’s Liberal Democratic Party secured a strong win in Sunday’s upper house election.

The benchmark Nikkei 225 index rose 1.6pc, while the broader Topix index climbed 1.4pc.

Hong Kong stocks fell more than 1pc at the start of business. The Hang Seng Index dropped 1.2pc, the Shanghai Composite Index dipped 0.5pc and the Shenzhen Composite Index on China’s second exchange eased 0.4pc

Coming up today

Corporate: No major scheduled updates

Economics: Monthly budget statement (US); Eurogroup meeting (EU)

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