Financial Times

Apple has been ordered by the EU court to pay €13 billion in back taxes to Ireland, following a final ruling in a state aid dispute with Brussels.

Mario Draghi has called for an €800bn boost to EU industry to maintain competitiveness against China and the US, emphasising the need for economic policy overhaul, a new trade agenda, and improved productivity.

US companies are increasing their participation in the debt market as a strategy to guard against potential turbulence associated with the upcoming presidential election.

The UK’s pandemic response has been criticised as ‘among the worst’ due to health reforms by the Tories, which have reportedly left the National Health Service (NHS) seriously weakened.

Reeves is facing a revolt from Whitehall over cuts, with officials stating that further savings are “not possible” while pressure for tax rises increases ahead of the first Budget.

In an effort to resolve the political deadlock in France, President Macron has named Michel Barnier as the new prime minister, marking a major shift with the appointment of the veteran conservative.

An inquiry has found that official failings and industry deceits, including the prioritisation of deregulation over safety, neglect of warnings about cladding, and manipulation of testing by manufacturers, led to the Grenfell tragedy.

Regulators are poised to ease a new policy that would have mandated banks to compensate fraud victims up to £415,000, following significant pressure from ministers and fintech companies, according to the Financial Times.

The Financial Times reports that the UK government has suspended certain arms exports to Israel, citing potential violations of international law.

The Financial Times reports that the far-right AfD party is poised to secure a victory in Thuringia’s state elections as the electorate shifts away from the centre.