EU to discuss potential restrictions on Chinese imports amid fears of overreliance

Concerns among leaders in bloc that surge in imports could lead to decline similar to that of US rust belt towns

Burberry boss could earn up to £12.2m under new bonus scheme as company rolls back climate goals

Company, which paid boss Joshua Schulman £4m in year to March, becomes latest to extend deadline to become carbon neutral

New food exports deal signals end to Brexit ‘sausage wars’

First details of agreement published, heralding end to EU-UK checks on dairy products, eggs, fish and fresh red meat

EU fines Temu for failing to stop sale of illegal and dangerous products

European Commission finds shoppers on Chinese website very likely to find unsafe items and imposes €200m penalty

Why is Ferrari facing such a backlash to its first electric car?

The Italian marque has broken with the past with its four-door, €550,000 Luce and traditionalists are furious

Flying Tiger snapped up by Modella Capital amid fears for its future

UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management

Fired BP chair disputes oil company’s claims of poor conduct

Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’

Lidl overtakes Morrisons to become fifth largest supermarket in Great Britain

German-owned discounter’s sales rise 8.8% year on year as households seek ways to keep bills down

How the plastic bottle cap became a parable for the value of EU regulation

Supporters of deregulation want Europe to be more like the US. But that would serve only American interests, says Alberto Alemanno, a professor of EU law

Oil prices fall below $100 a barrel on hopes of Iran peace deal

Brent crude futures down 6% to lowest level in two weeks and stock markets rise

Estée Lauder ends merger talks with Gaultier owner Puig

Key sticking point to building beauty powerhouse was level compensation demanded by Charlotte Tilbury

Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts

Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

EasyJet summer holiday bookings down on last year amid Iran war uncertainty

Airline, which took £25m hit on jet fuel in March, says passengers are waiting later to book trips

‘Give every item a long life’: Vinted boss on how the site is moving beyond fashion

Having shaken up UK clothes retail, the secondhand marketplace is pushing into phones and cameras – and even books