VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

Roman Abramovich ready to fight UK government over proceeds from £2.5bn Chelsea sale

Russian oligarch says money is his to allocate despite international sanctions imposed on his assets

Private equity group EQT to take 42% stake as supplier faces scrutiny over environmental record and CEO’s pay

National Gas insists storage broadly in line with levels for time of year despite disruption for tankers carrying LNG

As the US waives its ban on India buying Putin’s oil for 30 days, Europe must bolster its own measures, such as stopping the flow of luxury cars

Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in April

‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments

Reports of carmaker’s warning come as lobby group says EU proposals could damage £70bn cross-channel trade

The $110bn deal will require approval from regulatory authorities in the US, the EU and the UK

Plan to create and preserve jobs in clean tech and low carbon sectors could include UK if there is reciprocal market access

Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions

UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%

Dassault Aviation says €100bn project may soon be ‘dead’ if Airbus will not agree on how to share workload

Company promises ‘rapprochement discount’ for shoppers from country after decade-long action in EU court

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India