EU faces 300,000 factory job cuts as China ‘colonises’ supply chains, industry warns Protest using 10 coffins to symbolise struggling manufacturing industry to take place in Brussels
Travellers to EU face renewed queues as border-check flexibility rules expire Sources indicate some members states will not enforce EES biometric controls after 6 September deadline
Deadly escalation in Black Sea attacks prompts fears of even higher food prices Russian and Ukrainian strikes in July killed more crew than in whole war to that month, preventing grain exports
Volkswagen to cut further 50,000 jobs as it ends row with union over revival plan Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructure
Health-tracking smart ring maker Oura to list on US stock market Valuation above $11bn expected for firm whose fans include Prince Harry, Jennifer Aniston and Kim Kardashian
‘Astronomical’ fuel price surge hits farmers in UK and US Intensification of Middle East conflict and ongoing Russian export ban leads to diesel prices rising 10% in less than a week
Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm Landmark lawsuit claims tech company’s pay-setting system has breached privacy laws and pushed down earnings
BP seeks to end years of boardroom turmoil with appointment of new chair Ian Tyler, already in role on an interim basis, is tasked with shifting strategy to refocus on fossil fuel extraction
Ryanair warns air fares in Europe will jump next year if oil price stays high Budget carrier says airlines could go bust as it cuts passenger targets to reduce exposure to ‘unhedged winter oil’
Global bond sell-off intensifies as US-Iran tensions stoke inflation fears UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget
London Stock Exchange to lose three more firms after takeover offers Latest purchases take value of deals to leave capital’s stock market this year past $100bn
‘Winter panic’: EU gas stores at their lowest level in 13 years As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility
VW workers boo boss as he urges them to ‘pull together’ amid job cuts Oliver Blume faces workforce at German HQ as carmaker struggles against Chinese competition and US tariffs
Heatwave health risks threaten insurer earnings, rating agency S&P warns Rise in claims linked to heat-related deaths and illness, especially among older people, could drive up premiums
Netflix, Disney+ and Amazon price rises in western Europe ‘highest in world’ World’s largest streaming services have also increased subscription costs repeatedly in US, research finds