UK drops down list of affluent nations after decade of stagnation, NIESR finds Districts in Birmingham now ranked below poorest areas of France, Malta and Slovenia as institute urges rethink on planned welfare cuts
EU retaliates against Trump tariffs with €26bn ‘countermeasures’ US goods due to be affected from 1 April include bourbon whiskey, jeans and Harley-Davidson motorbikes
EV battery startup Northvolt files for bankruptcy in Sweden Swedish firm unable to ‘secure the necessary financial conditions to continue in its current form’
Toyota plans to build battery vehicles in UK and keep European plants Japanese company announces two new EVs and promises another three by 2026, as well as new Lexus models
Volkswagen enjoys surprise bestseller amid financial woes: the VW currywurst Sausage-based snack and ‘power bar of the skilled factory worker’ is being bought in record numbers in Lower Saxony
Euro and pound rise against dollar amid ‘Trumpcession’ fears US currency has lost all the gains it enjoyed since Trump won election and hits lowest level since mid-October
‘If you fall into the dialogue of the far right, the far right wins’: Spain’s deputy PM on the need for workers’ rights Yolanda Díaz Pérez’s leftwing government has championed employment reform similar to Labour’s proposals – and she tells British business there is nothing to fear
Virgin aims to raise £700m to rival Eurostar on cross-Channel trains Richard Branson’s group plans rail routes linking London to Paris and Brussels, and maybe Amsterdam
EU must brace for impact of Trump wrecking ball on global trading system UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs
‘Military Keynesianism’? Reeves faces British defence dilemma after EU spending surge Even Berlin and Brussels are bending fiscal rules in the face of Russia’s threat. Will the chancellor still stick to hers?
‘Major brand worries’: Just how toxic is Elon Musk for Tesla? With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm
European markets fall and euro soars amid Trump tariff delays FTSE 100 drops and is on track for its worst week in a year, as Germany’s Dax index slides
‘You get sucked in’: crypto scam victims on how they lost up to £162,000 Retired NHS doctor and others conned into investing – only to sink larger sums in trying to get cash back
ECB cuts rates again and warns trade war fears are hurting Europe’s economy Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US
Poundland up for sale as budget tax changes drive up costs Owner Pepco Group considers ‘all strategic options’ amid ‘increasingly challenging UK retail landscape’