Meta found in breach of EU law over ‘ineffective’ complaints system for flagging illegal content European Commission initial finding says Facebook and Instagram introduced unnecessary steps for users to submit reports
Battle between Netherlands and China over chipmaker could disrupt car factories, companies say Volvo, VW and Nissan among companies that could face supply problems due to Dutch takeover of Nexperia
Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms Assets in US belonging to Rosneft and Lukoil frozen as shares in Shell and BP rise by 3%
Aerospace groups link up to create European rival to Musk’s SpaceX Deal between Airbus, Leonardo and Thales will bring together some of continent’s leading manufacturers
US demands EU reverse new climate rules to allow surge in gas imports US and Qatar say new rules will hinder imports of LNG, posing ‘existential threat’ to European economies
Eurostar to run doubledecker trains through Channel tunnel from 2031 Operator signs €2bn deal with Alstom amid boom in international rail travel from UK
Nothing else has worked – so Starmer and Reeves are finally telling the truth about Brexit It is the right way to go, but taking the long way round to such an obvious point has cost Labour precious time and credibility, says Guardian columnist Rafael Behr
SlimFast’s European arm sold after struggling to compete with weight-loss drugs Typhoo tea owner Supreme acquires business from Irish nutrition and food firm Glanbia for £20m
Gucci owner Kering to sell beauty division to L’Oréal for €4bn New chief executive Luca de Meo aims to bring down debt burden and refocus on core fashion business
What is private credit, and should we be worried by the collapse of US firms? First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banks
Chemical linked to low sperm count, obesity and cancer found in dummies, tests find BPA, a synthetic chemical used in production of plastics, found in baby products made by three big European brands
Bank shares lead global market fall amid jitters over US private credit Signs of credit stress send markets in Europe and Asia down, while investors turn to safe haven assets
Ferrari cuts number of cars it sends to UK after non-dom tax status scrapped Carmaker says reasons for reduction include that some wealthy people ‘are getting out of the country’
Nestlé to axe 16,000 jobs as new chief targets sales growth Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionals
French Socialist party to fight for wealth tax as it seeks to capitalise on crisis Party has promised to stand back as weakened prime minister prepares for crucial no-confidence vote