Hackers steal private data of Gucci, Balenciaga and McQueen customers

Cybercriminals steal details of potentially millions of people in attack on labels’ parent company Kering

Europe’s summer of extreme weather caused €43bn of short-term losses, analysis finds

Greatest damage from heat, drought and flooding done in Cyprus, Greece, Malta and Bulgaria

Giorgio Armani’s will says his brand should be sold or seek IPO

Late founder instructs heirs to gradually sell stakes with priority given to LVMH, L’Oréal or EssilorLuxottica

UK imposes 100 new sanctions targeting Russia’s revenues and military supplies

Electronics firms and ‘shadow fleet’ carrying oil among targets as UK foreign secretary, Yvette Cooper, travels to Ukraine

Let France be a warning, Rachel Reeves: stand up to the bond market vigilantes, or they’ll come for Britain next

Labour can stick with ‘you can’t buck the markets’ – or challenge the economic orthodoxy that has served narrow class interests for 50 years, says Guardian columnist Larry Elliott

Trump asks EU to impose tariffs of up to 100% on India and China

In effort to end Russia’s war in Ukraine, US president proposes tariffs targeting Putin allies and trade partners

Wegovy maker Novo Nordisk to cut 9,000 jobs amid increased competition

Danish manufacturer of weight-loss and diabetes drugs under pressure from US rival Eli Lilly

Weleda allegedly supplied cream used on prisoners in Dachau by SS doctor

Study claims Swiss firm provided Nazi concentration camp with anti-frostbite product used in tests in early 1940s

Majority in EU’s biggest states believes bloc ‘sold out’ in US tariff deal, poll finds

Average of 77% of respondents across five countries thought agreement would benefit US economy above all

EU and US officials meet as Trump says he is ready to impose further sanctions on Russia

Europe and US consider further actions to weaken Russia after largest-ever air attack on Ukraine over the weekend

Are US fashion brands at risk of growing anti-American backlash over Trump policies?

Concerns over such sentiment outside US rise after Levi’s says UK sales could be hit by president’s decisions

Volkswagen ‘nearing US trade deal’ as it says Trump tariffs have cost it billions

Carmaker’s CEO says Porsche is being squeezed by ‘sandwich’ of tariffs and weak Chinese market

Shrinkflation bites as boxes of Quality Street and Celebrations lose weight

Toblerone and Chocolate Orange also smaller this year after poor cocoa harvests in Africa raise cost of raw materials

‘People are so angry’: how wealth tax became a battleground in Norway’s election

Issue creates clear dividing line between left and right, as populists target voters with vow to scrap levy

Scotland bans arms companies that supply IDF from receiving financial aid

Devolved government says contractors seeking support must prove products will not be used by Israeli military