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Call for food price caps ‘completely preposterous’, says M&S boss
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The Guardian · World

Call for food price caps ‘completely preposterous’, says M&S boss

Stuart Machin argues government should reduce tax and regulatory burden on supermarkets insteadThe boss of Marks & Spencer has called a government proposal for voluntary price caps on essential food items “completely preposterous”, saying it should reduce tax and regulatory burdens instead.Stuar...

Sarah Butler
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Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’
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The Guardian · World

Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’

‘China has already eaten much of German industry’s lunch and is preparing to start on dinner,’ thinktank saysBusiness live – latest updatesGermany must stop admiring China’s success in the EU or it will sleepwalk into the kind of deindustrialisation the US experienced 25 years ago, a leading Brussel...

Lisa O’Carroll Senior correspondent
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EU agrees to implement US trade deal struck last summer
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The Guardian · World

EU agrees to implement US trade deal struck last summer

MEPs had twice frozen ratification process in protest at Trump’s threats to increase tariffs and take control of GreenlandThe EU has finally agreed to implement its trade deal with the US after five hours of talks between members of the European parliament and member states in the hope of averting m...

Lisa O’Carroll Senior correspondent
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UK relaxes strict sanctions on Russian crude oil
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The Guardian · World

UK relaxes strict sanctions on Russian crude oil

Decision to allow import of jet fuel and diesel refined in third countries is criticised by Tories as ‘insane’The UK government has relaxed strict sanctions on Russian crude oil, allowing for the import of jet fuel and diesel refined in third countries amid surging costs.A trade licence that came in...

Caroline Davies
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