Defence sovereignty: Europe races to build the low-cost weapons of future

With Trump wavering on Nato and war in Ukraine, Europe is scrambling to spend billions on weapons such as drones

UK borrowing costs fall and pound rises after Starmer says he will stay as PM

Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival

Airline emissions in Europe top pre-Covid levels despite pledge to decarbonise

Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019

Our cities are choked by cars – here’s how experts would fix them

Turning parking bays into green spaces and prioritising cyclists may be the fastest routes to improving urban life

BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR says

Trainline says Middle East tensions hitting European rail bookings

Profits jump to £122m at ticketing retailer but it expects flat or declining revenues over the coming year

Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costs

Reinstate windfall tax on banks after surge in profits, TUC urges

Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter

Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April

New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998

Inflation fears fuelled by Iran war and renewed uncertainty over Starmer’s leadership prompt bond sell-off

Reform UK’s immigration policies are a significant risk to the UK economy

An exodus of workers will be damaging – and electoral change might help Britain escape instability and low growth

‘There is a good deal of fear’: what would a Labour leadership challenge mean for bond markets?

Rayner and Burnham are trying to gain markets’ confidence amid concerns they could loosen fiscal rules if they replace Starmer

Reversing Thatcher’s failed legacy of privatisation can be a Labour vote-winner. If you see Keir, tell him

Andy Burnham’s Manchesterism project is still a work in progress. But the future of centre-left politics in Britain may rely on its promise of ‘rolling back the 80s’, says Guardian associate editor Julian Coman

Jaguar Land Rover could have shifted production from UK without £380m battery subsidy, officials warned

Government officials said in December that Britain’s largest automotive employer could lead exodus from UK