Davos day three: Donald Trump says Nato nations must increase defence spending to 5% of GDP – live updates Rolling coverage from the World Economic Forum in Davos
Donald Trump signals all imports to US will face tariffs in Davos address President sets out his economic policy and repeats call for Nato countries to increase defence spending to 5%
How the ‘forever tote’ became the It bag du jour – and a greenwashing ruse From museums to wine bars, businesses are enticing consumers to carry logos on their arm. Demand is high, but the life cycle short
Primark sales in first post-lockdowns fall as shoppers face ‘economic worries’ Owner ABF says lower income consumers have cut back on spending amid ‘uncertainty and actual unemployment’
UK competition watchdog investigates Apple and Google’s mobile platforms CMA examining impact of tech firms’ operating systems, app stores and browsers on consumers and businesses
Pope warns Davos summit that AI could worsen ‘crisis of truth’ Francis says global leaders must exercise close oversight of technology that raises ‘critical concerns’ about humanity’s future
Rachel Reeves to soften non-dom tax changes to woo rich for growth push Tweak to finance bill is part of Labour push to show UK is attractive place to invest
Woolworths selling downsized Brut deodorant for more than double unit cost of old product Consumer advocates call for more transparency around ‘shrinkflation’ as supermarkets continue to defend against price-gouging allegations
Sainsbury’s to cut 3,000 jobs as it shuts hot food counters and cafes Supermarket chain to cut head office roles by a fifth amid rising labour costs
What is the pan-Europe customs area that the EU is open to the UK joining? Trade chief has said membership of Pan-Euro-Mediterranean convention could be part of ‘reset’ discussions
Big oil spent $445m in last election cycle to influence Trump and Congress, report says Investments ‘likely to pay dividends’, analysis says, as Trump unleashes dozens of pro-fossil fuel executive actions
EU trade chief says it ‘could consider’ UK joining pan-Europe customs deal Maroš Šefčovič says ‘the ball is in the UK’s court’ as British ministers reportedly consult businesses
PR giant Edelman sounds alarm over ‘descent into grievance’ in Davos – but whose fault is that? While the global PR firm blames ‘economic fears’ for this ‘age of grievance’, the executive class doesn’t seem very fearful
Rough Trade to expand New York store as music fans seek ‘experiences’, owner says British record store chain to triple size of Rockefeller Center location with 300-capacity room featuring built-in stage
Nato chief urges ‘step up’ in support for Ukraine Vladimir Putin victory would lead to bloc’s members spending ‘trillions’ more on defence, says Mark Rutte