BMW shares fall to four-year low as recall of 1.5m cars announced Mini and Rolls-Royce models also affected by potential braking system fault likely to cost BMW almost €1bn
EU ‘needs €800bn-a-year spending boost to avert agonising decline’ Report by Mario Draghi calls for additional investment to regain growth and prevent social unrest
Top EU court to rule in €13bn Apple case that could hit ‘sweetheart’ tax deals Long-running legal battle began in 2016 after bloc’s competition chief said iPhone maker had benefited from unfair tax breaks in Ireland
HSBC on hiring spree to drive UK wealth division ambitions Exclusive: Europe’s biggest bank hopes to double UK arm of its wealth and private banking operations
UK music industry presses government to solve post-Brexit limits on touring As documents reveal EU ‘not prepared’ to change, Keir Starmer is reminded of Labour’s manifesto pledge
An ‘earthquake’ at Volkswagen – and a crisis for Germany? The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this
Sixth-generation wire-maker blames Brexit for shredding its business Owner of Ormiston Wire in London urges Keir Starmer not to forget small manufacturers in his dealings with EU
Pernod Ricard scraps PSG deal that left bitter taste among Marseille fans Brand partnership for pastis, a traditional Marseille aperitif, with arch-rival decried as ‘stab in the back’
VW slams production into reverse as industry faces battles on all sides Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules
Sanctioned Russian oligarchs allowed to invest in UK North Sea oil producer Critics say Labour should ‘have run a mile’ from LetterOne after it acquires 15% of Aberdeen-based Harbour Energy
Volkswagen has ‘a year, maybe two to turn around’, financial chief warns Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030
European Commission to examine Ticketmaster’s ‘dynamic pricing’ Review follows UK competition watchdog’s announcement of ‘urgent review’ into Oasis concert tickets fiasco
Ex-Volkswagen boss goes on trial over ‘dieselgate’ scandal Martin Winterkorn denies charges of fraud, providing false testimony and misleading markets over the affair
Thieves try to steal almost half a tonne of olives as harvest begins in Spain Police find group ‘collecting olives in flagrante’ near Seville, with lucrative fruit a tempting target for criminals
Volkswagen considers German plant closures to save billions in costs Plans underline European carmakers’ problems in switching from petrol and diesel vehicles to electric models