HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology

Manufacturer self-reported the offences in the tax authority’s largest such out-of-court settlement

BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals

Layoffs will come in admin and development divisions in Germany, with production operations unaffected

The A350 landed in Toulouse 24 hours and 24 minutes after leaving Melbourne as airline plans direct London service

Europe and US risk being outpaced on innovation, as happened in the car industry, warns Pascal Soriot

After Google fined €890m by EU, US president said Brussels was ‘robbing’ American companies and taxpayers

Lib Dems call on PM to push for suspension of ‘bungled, malfunctioning’ system as overseas holiday travel peaks

Carmaker expects to sell 3% fewer vehicles this year as it pushes through a programme that could eliminate 100,000 roles

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

Firm told to treat third-party services that appear in its results in ‘fair and non-discriminatory manner’

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later

Record June temperatures expected to cut grain harvest by 9m tonnes to its lowest level since 2018

Equinor benefits from decision to increase oil and gas production during strait of Hormuz blockades

Neso denies allegations aired by Tory MP that staff took part in cover-up over decision-making in heatwave

Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the world

Chinese retail platform handed penalty over listings for items such as counterfeit products and unsafe toys