Virgin aims to raise £700m to rival Eurostar on cross-Channel trains Richard Branson’s group plans rail routes linking London to Paris and Brussels, and maybe Amsterdam
EU must brace for impact of Trump wrecking ball on global trading system UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs
‘Military Keynesianism’? Reeves faces British defence dilemma after EU spending surge Even Berlin and Brussels are bending fiscal rules in the face of Russia’s threat. Will the chancellor still stick to hers?
‘Major brand worries’: Just how toxic is Elon Musk for Tesla? With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm
European markets fall and euro soars amid Trump tariff delays FTSE 100 drops and is on track for its worst week in a year, as Germany’s Dax index slides
‘You get sucked in’: crypto scam victims on how they lost up to £162,000 Retired NHS doctor and others conned into investing – only to sink larger sums in trying to get cash back
ECB cuts rates again and warns trade war fears are hurting Europe’s economy Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US
Poundland up for sale as budget tax changes drive up costs Owner Pepco Group considers ‘all strategic options’ amid ‘increasingly challenging UK retail landscape’
HMV puts UK expansion on hold because of budget tax rises Retailer had hoped to open more stores in Britain in coming year but will do so in Ireland and Belgium instead
Treat weapons investments as ‘ethical’ to help arm Ukraine and UK, MPs urge More than 100 Labour MPs and peers sign open letter saying ESG policies are holding back defence spending
‘Slavish’ catch limits ignored scientific advice, say conservationists in case against Defra Blue Marine Foundation charity asks high court to declare quota decision unlawful amid concern over sustainability of fish stocks
European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs
The Guardian view on Merz’s U-turn on debt: Germany responds to the signs of the times Editorial: The chancellor-elect’s proposals for gamechanging spending on defence and infrastructure are the right response to a new era
Deepfakes, cash and crypto: how call centre scammers duped 6,000 people Nursing home resident and pensioners among thousands of victims of massive fraud network operating from Georgia
Revealed: the scammers who conned savers out of $35m using fake celebrity ads Georgia-based group used deepfake videos and false news featuring Martin Lewis, Zoe Ball and Ben Fogle used to promote fraudulent crypto schemes