Lyon scored deep into stoppage time to rescue a 2-2 home draw against Manchester United in a Europa League quarterfinal first leg on Thursday. United captain Bruno Fernandes had sent a precise cross for substitute Joshua Zirkzee to head what seemed to be the winner in the 88th minute. But Rayan Cherki hit back for … Read moreMan Utd held by late Lyon Europa League goal; Tottenham draw, Chelsea win
Fashion brand Prada has agreed to buy its smaller rival Versace for $1.38bn from Capri Holdings, bringing together two of the biggest names in Italian fashion and the prospect of enhanced revenues. The deal was announced on Thursday. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating … Read morePrada acquires rival Versace for $1.4bn despite tariff uncertainty
EUROPEAN COMMISSSION/DATI BENDO/HANDOUT European Commission President Ursula von der Leyen has already laid out initial countermeasures Europe’s leaders had been preparing for “Trump’s trade war” – but the reality of a 20% blanket US tariff still came as a shock. “This decision is a catastrophe for the economic world,” said French Prime Minister François Bayrou. … Read moreEurope hopes for Trump tariffs deal but prepares for the worst
Hungary’s government has announced its withdrawal from the International Criminal Court (ICC), just before Prime Minister Viktor Orban received his Israeli counterpart, Benjamin Netanyahu, the subject of an ICC arrest warrant. “Hungary exits the International Criminal Court. The government will initiate the withdrawal procedure on Thursday, in accordance with the constitutional and international legal framework,” … Read moreHungary says it will withdraw from ICC as Israel’s Netanyahu visits
President Donald Trump on Wednesday announced a range of reciprocal tariffs targeting almost all countries that the United States trades with, taking a sledgehammer to Washington’s longstanding advocacy of free trade and globalisation. Trump’s latest tariffs, which build on a series of similar steps he has taken since returning to office on January 20, are … Read moreTrump’s reciprocal tariffs: How much will each country be hit?
Greece on Wednesday became the first European Union member to take advantage of relaxed spending rules for defence, announcing a 25bn-euro ($27bn) multi-year rearmament programme. The centrepiece of the programme was a multi-layered defence system called the Shield of Achilles, which Prime Minister Kyriakos Mitsotakis told parliament was “essentially a dome combining existing air defences … Read moreGreece launches ‘drastic’ rearmament programme to the tune of $27bn