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EU retaliation against Trump drug tariffs would be bad idea, says industry

European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US levies

Sky sells German pay-TV business to RTL for €150m

Parent company Comcast had been trying to offload lossmaking Sky Deutschland for a number of years

EU ready for trade deal with US but ‘all options on the table’, says von der Leyen

European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffs

Clothing prices rising in US as Trump tariffs kick in, H&M boss says

Daniel Ervér cites ‘fast-moving situation’ as US administration has changed rules on several occasions

Shell has ‘no intention’ of making offer to buy BP after £60bn takeover rumours

Statement to stock market follows media reports of early talks with BP to create a £200bn UK oil company

Eurostar services restored after severe delays due to huge cable theft in France

Engineers repair high-speed line after day of chaos for passengers, caused by 600m of cable being stolen or cut

Chinese carmaker Chery Auto ‘actively considering’ building UK factory

As company faces increased UK and EU tariffs, it says move would be part of ‘localisation’ strategy

‘We are waking from a long sleep’: France’s ex-PM Gabriel Attal on revitalising relations with the UK

The leader of Macron’s party wants to tackle teenage screen addiction, ban headscarves for girls under 15 and bring France closer to Britain. On a visit to London, he discusses Ukraine, immigration – and his presidential intentions

Paris airshow in subdued mood after deadly Air India crash

Industry professionals gather at civil and military aircraft event further overshadowed by war between Israel and Iran

EU accuses China’s AliExpress of ‘systemic failure’ over illegal goods

Regulators say online retailer not doing enough to prevent sale of counterfeit clothes and unsafe children’s toys

Europe will never return to Russian gas, European Commission insists

Body unveils plans to ban all gas imports from Russia by January 2028 – but faces backlash from Hungary, Slovakia and Austria

UK bank TSB could be sold off by Spanish owner Sabadell

Owner says it has received expressions of interest as it battles €11bn hostile approach from local rival BBVA

Israeli stands at Paris airshow shut down ‘by order of French government’

Four booths hidden from view, prompting fury from Israel’s defence ministry and visiting US Republicans

Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say

Concerns raised that section 899 could backfire and also undermine dollar’s safe haven status

Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran

Brent crude hits highest level since April while airline shares slide amid escalation of conflict in Middle East

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  • Heathrow third runway likely to affect health of millions nearby, official report warns
  • Fed governor Lisa Cook faced $1.3m in legal and security fees after Trump’s bid to fire her
  • Not so empty nesters: record-high number of US adults under 35 live at home, new data says
  • Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened
  • Bank of England governor warns UK public to expect higher costs this year
  • Australian net overseas migration falls to lowest level since 2022 – but the Coalition says that’s still too high
  • ‘Mega-consumers’ of food and energy cost environment $5.7tn a year, study finds
  • Fewer than half of commuters in Great Britain think train fare value for money
  • Most of Great Britain’s major rail operators are back in public hands – is it working?
  • Drax cleared after investigation into sourcing of wood pellets
  • Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor
  • Office workers of the world unite: it’s time to revive the three-martini lunch
  • 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

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