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EU watchdogs raid Temu’s Dublin HQ in foreign subsidy investigation

Chinese online retailer targeted under rules limiting state help to companies

No 10 publishes list of 34 new political peerages including 25 Labour, five Liberal Democrats and three Conservatives – as it happened

Downing Street publishes list including ex-Olympic swimmer Sharron Davies and Iceland supermarket chief Richard Walker

Archive, 1975: Iceland opens fire on British vessel

The two European Nato countries clash in the third cod war over fishing rights in the Atlantic

Davey claims ‘historic victory’ for Lib Dems after tokenistic vote in favour of customs union with EU – as it happened

The vote will have no practical impact, despite Davey’s ‘historic’ claim

EU opens investigation into Google’s use of online content for AI models

European Commission to assess whether Gemini owner is putting rival companies at a disadvantage

Let it be: Paul McCartney urges EU to drop ban on veggie ‘burgers’ and ‘sausages’

Former Beatle argues use of terms for meat-free products ‘encourages attitudes essential to our health’

Edinburgh airport resumes flights after services suspended due to IT problem

EasyJet, British Airways and Ryanair passengers among those caught up in cancellations caused by air traffic control problems

Elon Musk’s X fined €120m by EU in first clash under new digital laws

Ruling could put European Commission on collision course with billionaire, and possibly Donald Trump

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements

Airbus cuts plane delivery target amid A320 fuselage problem

Output reduction to ‘around 790’ planes comes after French firm issued recall over software glitch affecting 6,000 jets

Production of French-German fighter jet threatened by rivalries, chief executive says

Relations between French company Dassault and the German unit of Airbus are reportedly ‘very strained’

MPs launch inquiry into Andrew’s lease arrangements at Royal Lodge – as it happened

Justice secretary expected to pull back from plans to reserve jury trials from only the most serious cases

‘The Chinese will not pause’: Volvo and Polestar bosses urge EU to stick to 2035 petrol car ban

Exclusive: Swedish carmakers push to retain target as Germany lobbies to help its own industry by softening cutoff date

Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade ago

Airbus finds problem with fuselage panels after fixing software glitch

Shares in French manufacturer tumble as second problem comes to light after weekend of flight disruption

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  • UK borrowing costs rise and sterling falls as City traders brace for Burnham; Reform donor Christopher Harborne joins UK rich list – Business live
  • Christopher Harborne, tycoon who gave £5m to Farage, enters UK rich list at No 6
  • British Gas customers to receive up to £112m over prepayment meter scandal
  • Fears of ‘postal deserts’ as owner of former WH Smith stores puts counters under threat
  • EU carmakers pave way for Chinese rivals as balance in market shifts
  • ‘Stone-cold racism’: Newsom condemns GOP redistricting efforts; Louisiana approves plan to erase majority-Black district – as it happened
  • US reportedly dropped fraud charges against Indian billionaire after he hired Trump’s lawyer
  • The gilt market will hover over any Labour leadership contest
  • GB News should lose its licence, says ex-Sky News editor Adam Boulton
  • Australian retailers on notice over ‘fake discounts’ as Coles braces for record fine after landmark court ruling
  • Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation
  • Reeves seizes on surprise UK growth as evidence Labour leadership must stay
  • Jaguar Land Rover annual profit falls 99% after US tariffs and cyber-attack take toll
  • Reeves warns against risking economic stability with leadership battle, after UK growth beats forecasts in March – as it happened
  • Rachel Reeves suggests if it ain’t broke, don’t fix it – as fight to keep her job goes on
  • Burberry’s £2,000 Cotswolds handbag hits ‘a sweet spot’ with Americans
  • Hedge fund proposes £1bn buyout of UK’s biggest private hospital operator
  • Privately educated CEOs seen as ‘safer bet’ by investors, study finds
  • War, inflation and Trump’s tariffs have shaken the US. Why does the stock market keep going up?
  • ‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
  • Coles put commercial interests above its customers – and was caught red-handed
  • ‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again
  • You’ve heard the king’s speech – but I think a better one might run like this
  • WA’s Yindjibarndi traditional owners consider appeal against Fortescue’s $150m record native title payout
  • Court rules Coles misled shoppers with its ‘Down Down’ discount campaign
  • Housing market in England and Wales weakening due to Iran war, say estate agents
  • Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness
  • US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell
  • Milka maker milked shoppers over size of chocolate bars, German court rules
  • Nigel Farage faces inquiry over £5m gift from crypto billionaire

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