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Cyprus police investigate how Russian tycoon moved £1bn on day he was put under sanctions

Cypriot government and EU respond to revelations over apparent role of local companies in helping oligarchs shield wealth

Putin ally wired £3.7m into UK via Cyprus after Ukraine invasion, documents suggest

Petr Aven, a UK-based billionaire who owns a Surrey mansion, is under UK and EU sanctions

‘No questions asked’: how Russian money is fuelling a building boom in northern Cyprus

Casinos and schools fill with Russians in the island’s Turkish-occupied north, which offers a sanctions-free life for those seeking to move their money after a clampdown in the south

Chelsea FC face new questions over how Roman Abramovich funded success

Leaked files reveal secret payments that may have breached football’s strict ‘financial fair play’ rules

Top German journalist received €600,000 from Putin ally, leak reveals

Influential author and broadcaster Hubert Seipel received financial support for his work on two books described by many as sympathetic to Russian president

PwC Cyprus moved £1bn for Russian tycoon on day he was put under sanctions

Leaked files raise questions over timing of deal as government of Cyprus reveals ‘ongoing’ criminal investigation

Cyprus to clamp down as investigation reveals oligarchs moved assets after Ukraine invasion

Biggest ever leak of financial data from Cyprus raises concerns over EU state’s role in managing Russian fortunes

Britain needs shelter from this absolute Tory shower

From privatisation to Brexit to its current collapse, the damage done by the Conservative party leaves one longing for the past

Why Germany’s economic miracle is facing a new reality

In 1923, the country was rocked with hyperinflation, now the retreat from globalisation is exposing the fragility of its industrial model

Sweet sorrow: Caramac fans decry Nestlé move to discontinue bar

Decision will end more than 60 years of production of confectionery that has gained dedicated UK following

UBS reports $785m loss due to costs of Credit Suisse integration

Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal

Drinks firms face EU-wide complaint over plastic bottle recycling claims

Consumer groups issue formal notice to European Commission over ‘greenwashing’ claims that bottles are ‘100% recyclable’ or ‘100% recycled’

Buy now, pay later firm Klarna reports first quarterly profit in four years

Swing to profit of £9.6m by Swedish firm improves its fortunes in run-up to possible £12bn flotation

Middle East war could spark global recession, say Wall Street experts

Fear adds to Russia-Ukraine conflict risk and increases ‘probability of European and of US recession’

Continued support for Ukraine will cost the west less than letting Putin win

Donor fatigue is setting in among western states. But a Russian victory would embolden its leader to sow economic chaos

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  • Morrisons is not a must-do deal for Sainsbury’s
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  • Asos investigating after thousands of customers get notification saying retailer has been hacked – as it happened
  • Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance
  • Jailed Lego collector’s insurance scam highlights UK’s £1.3bn fraud problem
  • UK events firm that hosts arms fairs and comic shows sold to rival for £2bn
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  • London to Chicago BA flight declares emergency after dropping 28,000 feet
  • Tories unite behind Badenoch, but road to recovery remains long
  • The Guardian view on Tory economics: Britain’s future needs more than Thatcher’s past
  • Tory plan to cut energy efficiency rule for builders will cost new home owners £1,000 a year, says thinktank – as it happened
  • BT’s purchase of TalkTalk is cosy – but probably politically sensible
  • Sainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger
  • Sainsbury’s and Morrisons held talks over potential multi-billion-pound merger, reports say – as it happened
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  • UK reviewing whether to impose tariffs on Chinese car imports to align with EU
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  • Lidl GB’s sales soar by over 10%, helped by price cuts and Deluxe range
  • BT to buy broadband supplier TalkTalk in £400m rescue deal, saving 900 jobs
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