Orbán’s oligarchs on edge as Hungary poised to launch wealth tax

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

EasyJet is an obvious takeover target, but US approach may not be a flyer

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works

‘Catastrophic for creative industries’: Brexit barriers shut UK actors out of EU jobs

Casting shifts to EU talent as paperwork delays and visa limits make hiring British crews less viable

Why $1bn in Balkans energy contracts are going to an obscure company connected to Donald Trump

Guardian investigation shows how US presidency blurs line between policy and enrichment of American ruling family and those around it

‘How can you have a Ferrari without any vroom?’: electric model shocks owners’ club

Suggestion the Luce EV should be stripped of prancing horse logo shows strength of feeling from Ferrari fans

What can the Dutch teach the UK about how to tackle the youth jobs crisis?

The Netherlands has the lowest rate of young people not in education, employment or training in the EU

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