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Exit comes six months after president announced his departure

Weakness in the region makes hefty payouts increasingly difficult to justify

Also in this newsletter: house prices fall across Europe, the next pandemic, science round-up

Joachim Nagel says EU’s biggest economy must address ‘major challenges’ to fuel growth

German central bank president Joachim Nagel urges Berlin to relax rules to address defence and infrastructure shortfalls

This season’s scarves, gloves and hats will refresh your cold-weather look

Anaesthetists resign from contracts with medical insurer as private sector picks up strain from NHS

The financial pressures on British fashion are mounting, but designers including Daniel Lee, Simone Rocha and Erdem proved their grit

Shares in UK fashion group fall following weak Christmas sales