Trump reveals plans to ease tariff impact on US carmakers

US president will curb some duties on foreign parts in domestically manufactured cars, administration says

Spain and Portugal power outage: what caused it, and was there a cyber-attack?

Several countries in Europe have been scrambling to restore electricity after a huge power cut caused blackouts

Company had strong first quarter but says it cannot raise outlook for this year owing to tariffs uncertainty

UK and rest of Europe risk losing out to US and China unless they ramp up spending on new medicines, says CEO Pascal Soriot

Transport, ATMs and telecommunications all affected as operator blames extreme temperature variations

Plan to supply 20% of the world’s chips by 2030 described as ‘essentially aspirational’

French entertainment business Banijay Group looks at possible takeover of broadcaster or just its profitable studio arm

Chancellor discusses ‘prosperity deal’ with Treasury secretary Scott Bessent but US calls for reduced tariffs on car imports to UK

To solve three conflicts simultaneously would be a daunting task for anyone, but it is especially so for a man entirely new to diplomacy

First penalties under landmark Digital Markets Act are fines of €500m to Apple and €200m to Facebook owner

‘Chemical fingerprint’ shows 46% of wood samples certified as sustainable did not come from labelled country of origin

Spanish PM says ‘industrial and technological plan’ will ensure country commits to spending 2% of GDP on defence

From nationalising gas plants to boosting renewables, how soaring prices could be tackled

Rating agency downgrades Ineos Quattro as it says ‘trade barriers’ could affect it for next two years

Retailers and food producers offer to help efforts to reduce ‘unnecessary red tape’ costing industry billions of pounds