UK food and drink trade deficit largest since 2000 at £21bn Industry leaders call on government to protect homegrown produce in the interest of national security
France says EU’s ‘Made in Europe’ law should not include the UK ‘If you’re not in the internal market, you don’t get the same protection,’ says French minister of policy designed to curb Chinese competition
US mortgage rates top 7% for first time in 20 months Increase comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wages
EU says Trump’s plan to ban US diesel exports would ‘negatively impact both sides’ US president’s suggested 90-day export ban before midterm elections could bring even higher fuel prices across Europe
UK ‘losing up to £6.5bn a year in EU trade’ without post-Brexit product deal IPPR finds failure to align testing standards costing 0.18% of national income and has seen companies abandon exporting to EU
Alarm bells sound in Brussels as EU sales of Chinese hybrid cars rocket Explosive growth in imported vehicles omitted from EV tariffs fuels concern for future of European carmakers
Three international bodies warn of risks of rising debt and soaring borrowing in major economies IIF highlights challenges facing US, France, UK and Japan, while OECD and IMF also voice global concerns
European drugmakers say they are ‘losing ground’ to US and Chinese rivals Some of continent’s biggest pharma firms write to national leaders calling for action to safeguard the sector
EU spends three times more on imports from China than bloc exports there Days before Xi Jinping’s summit with Donald Trump, new study shows trade deficit ran at more than €1bn daily in July
Andy Burnham does not rule out Brexit reversal being in next Labour manifesto PM says immediate focus is on rebuilding bridges with EU as he prepares for first meeting with Ursula von der Leyen
Google fined more than €400m by Irish regulator over its use of location data Watchdog says users may have been unaware their information was used to target adverts or infer their interests
‘It’s unrecognisable’: How being a tax haven has changed Jersey While global billionaires and multinational companies have been lured to its shores, many islanders feel left behind and priced out, with food bank use increasing
Flight chaos for hundreds of thousands was caused in ‘millisecond’ by software error Error first occurred at 10am but major incident was not declared until 12.30pm, says report
US wheat farmers navigate uncertainty amid drought and geopolitical chaos Some experts worry factors affecting wheat exports could push global food prices even higher than they are now
All smiles in Strasbourg but uncertainty clouds Canada’s EU membership plan Although Mark Carney welcomed offer to become bloc’s first associate member, no one seems to know what that means