Nexperia halts chip supplies to China in threat to global car production

Dutch-controlled company informs customers about suspension but is said to want to de-escalate trade war

WPP jobs at risk as ad group’s new boss condemns ‘unacceptable’ performance

Review launched after firm struggles to stem exodus of clients and compete with AI and data capabilities of rivals

ECB keeps interest rates on hold despite eurozone inflation fears

Key deposit rate kept at 2% even as recovery starts to drive up price growth across bloc

Volkswagen indicates shortage of Chinese chips would hit profits

New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdowns

Virgin Trains on track to challenge Eurostar cross-Channel monopoly with access to key depot

UK rail regulator approves Richard Branson firm’s application to use Temple Mills site in London

EU carmakers ‘days away’ from halting work as chip war with China escalates

Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components

UK in £8bn deal to sell Typhoon jets to Turkey despite human rights concerns

Starmer’s announcement on visit to Ankara comes as jailed opposition leader Ekrem İmamoğlu faces fresh charges

Trump sanctions have swift impact but will world stop buying Russian oil and gas?

Analysts say president’s war on Russia’s fossil fuel revenues is a chance to bring peace to Ukraine and profit to US

Meta found in breach of EU law over ‘ineffective’ complaints system for flagging illegal content

European Commission initial finding says Facebook and Instagram introduced unnecessary steps for users to submit reports

Battle between Netherlands and China over chipmaker could disrupt car factories, companies say

Volvo, VW and Nissan among companies that could face supply problems due to Dutch takeover of Nexperia

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms

Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%

Aerospace groups link up to create European rival to Musk’s SpaceX

Deal between Airbus, Leonardo and Thales will bring together some of continent’s leading manufacturers

US demands EU reverse new climate rules to allow surge in gas imports

US and Qatar say new rules will hinder imports of LNG, posing ‘existential threat’ to European economies

Eurostar to run doubledecker trains through Channel tunnel from 2031

Operator signs €2bn deal with Alstom amid boom in international rail travel from UK

Nothing else has worked – so Starmer and Reeves are finally telling the truth about Brexit

It is the right way to go, but taking the long way round to such an obvious point has cost Labour precious time and credibility, says Guardian columnist Rafael Behr