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EasyJet profits plunge 70% as fuel costs soar amid Iran war

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later

Food price fears after Europe’s heatwave destroys estimated €2bn of crops

Record June temperatures expected to cut grain harvest by 9m tonnes to its lowest level since 2018

Norway’s national oil company’s profits double to $11.5bn amid war on Iran

Equinor benefits from decision to increase oil and gas production during strait of Hormuz blockades

‘Risking blackouts’? How Great Britain’s grid operator was dragged into a political row

Neso denies allegations aired by Tory MP that staff took part in cover-up over decision-making in heatwave

Airbus to test folding wings for next generation of bestselling planes

Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the world

AliExpress fined record €550m by EU for failing to stop sale of illegal and fake goods

Chinese retail platform handed penalty over listings for items such as counterfeit products and unsafe toys

Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’

European Commission proposal to overhaul emissions trading system would give companies less demanding pathway to reductions

EU border chaos feared at Dover crossing as busiest summer weekend looms

British domestic holidays are being pushed to their highest levels since Covid

Uber to buy Germany’s Delivery Hero in $14.8bn global deal

Agreement combines Uber Eats with food delivery brands in 99 countries and expands taxi service reach

Why did Ryanair-Air Malta plane window blow out mid-air and could it happen again?

Passenger Ljubisa Karović was nearly sucked out of his seat when Boeing 737-800’s window blew out on flight from Greece

‘If we die, we die together’: wife of Ryanair passenger almost sucked through window speaks

Svetlana Grković says she grabbed her husband’s legs while he was ‘outside up to his chest’ for two minutes

The Guardian view on Volkswagen’s crisis: another wake-up call for Germany and the EU

Editorial: Robust action is needed to protect European industries from unfair competition. The alternative is social strife amid growing insecurity

Britons to use e-gates in Switzerland as Starmer seals £5.2bn trade deal

Roaming charges also scrapped and trading terms continue for medicines, cars, art, jewellery and other goods

VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

EU accused of dragging its feet over ban on trade with illegal Israeli settlements

Foreign ministers will discuss options on Monday but decision on imports is not expected for months

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  • Microsoft scrambles to fix global outage affecting Teams and Outlook
  • Calls for crackdown on China chip exports – as it happened
  • A global Microsoft 365 outage has hit millions – what happened and when will it be fixed?
  • ‘They’ve cut all entry-level jobs’: unlikely seaside town on frontline of AI threat
  • World is now in ‘age of electricity’, energy agency chief says
  • A timeline of the affair scandal that sank Nvidia’s Jensen Huang
  • Family Dollar to pay $63m to settle overcharging allegations
  • Jensen Huang resigns as Nvidia CEO after alleged affairs
  • Nvidia turmoil continues as Jensen Huang resigns over affairs scandal and company appoints interim CEO – as it happened
  • The Guardian view on venture capitalism: investor profits are no industrial strategy
  • Jensen Huang was a busted flush at Nvidia – he had to go
  • Jensen Huang built an AI kingdom. Now he’s gone, will Nvidia’s ramparts be breached?
  • Home sales hit 16-year low in October amid record-high mortgage rates
  • UK car industry to press EU for two-year delay to Brexit EV tariffs
  • From washing dishes at Denny’s to rockstar of AI: the rise and fall of Nvidia’s Jensen Huang
  • New allegations against convicted rapist Ralph Carr revealed: ‘I was blacking out while saying no’
  • Poundland owner secures two extra weeks to ensure retail chain’s survival
  • AI helped UK defy expectations – but will economy’s resilience fizzle out?
  • Metro Bank up for sale, with billionaire investor in line for £420m windfall
  • Burberry returns to profit as sales soar, from £85 socks to £9,000 coats
  • College students rally in support of Starbucks baristas urging boycott over contract impasse
  • UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m
  • AI helps UK economy grow at fastest pace for more than two years
  • Water industry bonus ban to be tightened as Ofwat warns of ‘damage to public trust’
  • Nvidia board reportedly deciding whether to oust CEO Jensen Huang as stock price plunges
  • ‘We can’t be at the bottom indefinitely’: Can Britain’s most maligned service station be turned around?
  • Australian states could sue tobacco companies for billions in healthcare costs under proposal
  • Nvidia hires leading US law firm to investigate Jensen Huang’s relationship
  • Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say
  • ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

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