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A visual guide to the war

Thai subsidiary accused of winning government contracts with inducements

Levy will lead to higher food prices and affect small importers the most, businesses warn

Vix trading is headed for a record amid uncertainty over rally and the impact of rising rates on economic growth

Lift comes amid Prime Minister Keir Starmer’s bid to improve relationship with EU

Also in this newsletter: Sweden joins Nato, regulators target UK housebuilders, Microsoft’s new AI tie-up

Fears that pharmaceuticals could yet be hit by tariffs have sent shares sharply lower

Bond giant says euro is vulnerable to further declines amid market ‘optimism’ over impact of Trump presidency

Ana Toni says this year’s COP30 will happen in ‘very difficult circumstances’ amid US withdrawal

Single currency has been a victim of a market shift to anticipate Trump’s tariff policies