Germany records first monthly trade deficit since 1991 as inflation soars May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base
Europe at risk of recession amid concerns Russia could cut gas supplies Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this
Irish whiskey roaring back after decades of decline Irish distillers are closing the market gap on their hitherto dominant Scottish rivals
Ryanair strike threat set to add to summer airport chaos in Europe Planned action by the airline’s Spain-based cabin crew over working conditions will increase disruption for holidaymakers
Dashboard of decline: seven charts that explain Britain’s economic crisis The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why
Roaming charges are back after Brexit – beware high mobile bills Giffgaff and Tesco have joined EE, Sky Mobile, Three and Vodafone in making contract changes
EU moves to rein in ‘wild west’ of crypto assets with new rules MiCA law contains measures to guard against market abuse and manipulation
Inflation in eurozone hits record 8.6% as Ukraine war continues ECB plans first interest rate rise in 11 years as food prices increase and Putin’s invasion drives up energy costs
Shell may have to abandon £3bn stake in Russian gas plant Kremlin sets up new firm to own Sakhalin-2 plant, with stakeholders given a month to sign up or they could lose money
Germany’s move to legalise cannabis expected to create ‘domino effect’ Coalition government consults health experts, economists and growers in race to clear legal hurdles within two years
Brexit led to 14% fall in UK exports to EU in 2021, trade figures say Goods and services exported to bloc affected by return of customs border, EU commissioner says
UK power stations owner seeks German state aid Uniper in talks for emergency support as share price tumbles after Russia slashes gas supplies
UK contingency plan to shut gas pipelines to Europe would be madness As European operators know, gas pipelines that flow in either direction according to need is firmly in UK interests
Britain may stop supplying gas to mainland Europe if hit by shortages National Grid could cut off pipelines to Netherlands and Belgium amid Russia-Ukraine war pressures
Global energy price cap: market manipulation whose time has come? Analysis: It may sound like Marxism, but the proposal aimed at taming prices and cutting Putin’s funds came from the G7