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Trump’s 15% tariff on medicines will harm patients, say EU drugmakers

Trade group says levy will reduce access, disrupt supply chains and cut R&D

Abramovich business associate Eugene Shvidler fails to overturn UK sanctions

Supreme court dismisses appeal by Russian-born tycoon, in test case of sanctions regime

Von der Leyen ducks Trump’s trade blitz – but deal exposes EU’s faultlines

Europe may have staved off an economic clash, but the compromise leaves the bloc facing higher tariffs and internal discord

Russia’s Aeroflot cancels flights after pro-Ukraine hackers claim cyber-attack

More than 50 flights axed and 10 delayed as Silent Crow hacking group apparently claims responsibility

US-EU trade deal is a ‘dark day’ for Europe, says French PM

Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

Trump and von der Leyen announce US-EU trade deal

Agreement includes 15% baseline tariff for most EU exports to US after deal reached at Scotland crunch talks

Two-fifths of mobile phone thefts in Europe happen in UK, shows insurance data

Analysis shows phone theft claims in UK have risen by 425% since 2021 with 42% occurring in London

Von der Leyen to meet Trump in Scotland as EU and US close in on trade deal

Commission chief to meet president on Sunday as Irish PM says deal will ‘hopefully’ be signed this weekend

Volkswagen takes €1.3bn hit from ‘high costs’ of Trump tariffs

Manufacturer cuts profit margin range for year as German car exports to US fall sharply

EU fails to reduce 50% steel tariff in outline trade deal with US

Bloc’s steel exporters face ‘catastrophic’ Trump levy, says industry body – potentially twice the rate for the UK

Tesla’s European sales slump as Musk warns of ‘rough quarters’ ahead

Electric carmaker struggles to emerge from sales rut on continent despite updating its bestselling Model Y

European Central Bank keeps interest rates on hold despite sluggish growth

Central bank shuns calls to reduce borrowing costs as higher US tariffs loom

EU and US nearing trade deal that would put 15% tariffs on imports from bloc

Rate would apply to most goods but bloc still hardening retaliatory measures in case Trump does not agree deal

Eurostar calls for ‘credible’ Channel rail strategy as monopoly decision looms

Operator says if rivals are allowed to squeeze into existing facilities it could jeopardise its investment

French culture minister to be tried for alleged corruption while an MEP, source says

Rachida Dati denies lobbying for Renault-Nissan carmaker

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  • Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor
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  • Office workers of the world unite: it’s time to revive the three-martini lunch
  • Drax cleared after investigation into sourcing of wood pellets
  • Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space
  • UK vacancies fall to lowest for five years as wages grow faster than expected
  • Plan to ban ‘private equity sharks’ from social care dropped, Wes Streeting says
  • Weather more important to sales than World Cup, says Tesco as growth slows
  • Dubai property sales have fallen ‘off a cliff’ since start of Middle East war
  • Rejoining customs union would not fix damage caused by Brexit, research finds
  • NHS patients face worst drug shortages on record, say pharmacists and GPs
  • Qantas delays non-stop flights from Sydney to London – again
  • Federal Reserve holds rates steady but signals possible hike before year’s end
  • The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers
  • Legislation proposed to stop lawsuits used to silence journalists and whistleblowers
  • UK inflation unexpectedly stays at 2.8% with higher transport costs offset by slower food price rises – as it happened
  • Jaguar Land Rover to make more hybrid cars in US sales push
  • AO boss blames Labour as it shifts UK call centre roles abroad
  • Real estate event in London ‘advertised sale of land in illegal Israeli settlements’
  • Lululemon apologises after Japanese drum row at Great Wall yoga event
  • Surprisingly benign UK inflation data signals a softer Iran war hit than feared
  • UK inflation stays at 2.8% as slowing food prices offset rising transport costs
  • ‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals
  • John Lewis injects £20m into Glasgow city centre store in wider branch reboot
  • Fashion tycoon Bernard Arnault accused of stranglehold over French business press
  • Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market
  • Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why
  • SpaceX overtakes Amazon to become world’s fifth most valuable company
  • The tide is turning on Thames Water: special administration looks best
  • US small business owners: how are you operating in the current economic climate?

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