Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’

EU said it will reply ‘firmly and immediately’ to ‘unjustified’ trade barriers, signaling it’s ready to retaliate against levies

German parliament in race against time to sign off on new defence fund

Friedrich Merz, expected to be next chancellor, has spoken of urgent need for ramped-up defence, but ‘blocking minority’ could form in future Bundestag

‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk

The tycoon’s links with Donald Trump and Germany’s far-right AfD have slammed the brakes on sales and put the car’s owners in a spin

Tesla sales almost halve in Europe as Musk faces criticism over Trump ties

Tech billionaire, a close adviser to the US president, is a vocal supporter of Germany’s far-right AfD party

BP expected to scrap renewables target in shift back to fossil fuels

Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week

Russians hoping for peace talks and ‘universal joy’ – but will western brands return?

Following last week’s US-Russia talks, the mood in Moscow suggests many are beginning to think about what a post-war reality might look like

Redrawing of global energy markets map set to heap benefits on US

The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump

How UK and EU could find more money for defence without spooking the markets

There is political agreement that Britain and Europe need to increase military spending. But in straitened times, how can it be done?

What have three years of Putin’s war done to both nations’ economies?

As the invasion enters its fourth year, analysts are examining the health of Ukraine and Russia, and who will be the better prospect for investors once the conflict ends. The answers are not as predictable as one might think

Willingness to ease off ‘debt brake’ may decide the German election

Rule dating from 2009 that limits borrowing looks vulnerable as main political parties promise to revive stalled economy

St Pancras and Channel tunnel plan rail routes to Germany and Switzerland

Partnership comes as London station looks at ways to almost triple passenger numbers

Airbus plans to make 820 planes this year despite supply chain problems

European manufacturer reports 8% drop in income for 2024 but says there is ‘solid demand’ for its products

British firms among companies to have exported aircraft parts that reached Russia

Analysis suggests aircraft parts from more than 100 western companies reached Russian aviation industry via India

Record orders at BAE Systems as European defence spending rises

Weapons maker’s full-year pre-tax profits top £3bn and it expects sales of more than £30bn next year

EU accused of leaving ‘devastating’ copyright loophole in AI Act

Architect of copyright law says EU is ‘supporting big tech instead of protecting European creative ideas’