Paramount-Warner Bros mega-merger could still face ‘real threats’, antitrust experts say The $110bn deal will require approval from regulatory authorities in the US, the EU and the UK
European Commission proposes ‘Buy EU’ plan to compete against China Plan to create and preserve jobs in clean tech and low carbon sectors could include UK if there is reciprocal market access
Union tries to seize control of works council at Tesla’s German factory Lawsuits and slander claims fly in IG Metall’s battle with Elon Musk over employment rights and conditions
European stock markets rally after report of ‘secret outreach’ by Iran to try to end war UK’s FTSE 100 up by more than 50 points, while pan-European Stoxx 600 share index rises 1.2%
Europe’s next-generation fighter jet project may collapse if row continues, says warplane maker Dassault Aviation says €100bn project may soon be ‘dead’ if Airbus will not agree on how to share workload
UK supermarket chain Iceland drops trademark dispute with Iceland Company promises ‘rapprochement discount’ for shoppers from country after decade-long action in EU court
Middle East conflict offers economic lifeline to Russia’s flagging war machine With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India
Rolls-Royce boss ‘open’ to Germany joining UK’s fighter jet project Tufan Erginbilgiç says decision is for the government but German participation remains a possibility
AI-resistant ‘halo’ stocks drive UK and EU markets to record highs Investors shifting to ‘heavy-asset, low-obsolescence’ companies insulated from disruption, says Goldman Sachs
BA owner’s profits rise by 20% despite drop in passenger numbers last year IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia
Rolls-Royce boss pushes for UK taxpayer support for new jet engine Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planes
WPP to sell assets and cut jobs in radical shake-up to counter AI threat Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028
Ocado to cut 1,000 jobs in £150m cost-saving drive Retail technology business to reduce about 5% of global workforce, with two-thirds of job losses affecting UK
British public want deeper economic ties with EU, business secretary says Peter Kyle signs cooperation deal on competition and says it is not a case of being nostalgic for pre-Brexit past
Diageo slashes dividend and vows to address Guinness shortage in London Drinks maker reduces sales and profit forecast for second time in four months amid weak demand in US and China