Commerzbank is close to reaching a deal with workers’ representatives that will lower the expected costs of its major restructuring plan, but it will push it to a loss for the second quarter, the troubled German bank said on Friday.

European Council president Donald Tusk said that Britain’s offer on citizens’ rights was “below our expectations”.

Blackberry’s long promised recovery appeared to have hit another bump after the Canadian smartphone pioneer’s first quarter revenues fell short of analysts expectations.

A Cardiff man has been charged with terrorism-related murder following an incident in Finsbury Park on Monday in which one man was killed.

The British government has ordered an examination into the fridge-freezer that police say was responsible for the London tower fire.

Japanese drugmaker Astellas has been threatened with permanent expulsion from the UK’s pharmaceutical industry trade body after a series of “shocking” breaches of guidelines which the trade group said “raised serious concerns with regard to patient safety and public confidence in the pharmaceutical industry”.

British households are not expecting a major upsurge in inflation over the next 12 months, despite growing rancour within the ranks of the Bank of England over rising prices, according to a survey of consumers.

Scotland Yard has said it is considering bringing manslaughter charges in connection with the Grenfell Tower fire, as detectives revealed that both the insulation and tiles on the building had failed initial safety tests.

Shareholders will this month decide the fate of Belle International, China’s biggest women’s footwear retailer, which is the subject of a $6.8bn privatisation offer.

Economic activity in the eurozone pulled back from a six-year high this month, but the bloc’s brightening economic recovery is showing little signs of running out of steam just yet.

The fun sponges at Bank of America Merrill Lynch are continuing to warn that stock markets are in line for a thumping, sticking with their view that, as they put it, Icarus will soon be replaced by Humpty Dumpty.

Pressure on Qatar’s currency peg heightened on Friday after the Arab states leading a blockade against the kingdom outlined a list of demands that observers said are unlikely to be met, raising the prospect of an extended diplomatic deadlock.

Theresa May’s attempt to regain the initiative in Brexit talks received a cold response from Jean-Claude Juncker, president of the European Commission, as he said he was no clearer now on her approach to talks on leaving the EU.

Toshiba will be demoted to the second section of the Tokyo Stock Exchange from August 1 after reporting liabilities exceeding assets for its latest fiscal year.

Economic activity in the eurozone fell back from its pre-debt crisis highs this month but the manufacturing sector is enjoying its best period of health in over six years, according to a closely-watched business survey.

Growth in German business activity eased slightly in June from last month’s more than six-year high, but remained “strong overall”, according to a closely-watched series of surveys.

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France’s private sector employment grew at its fastest rate in nearly a decade in June, according to a closely-watched series of surveys, as the labour market in the eurozone’s second largest economy picks up pace.

Online betting companies may face heavy fines or lose their gambling licenses, after the UK’s competition watchdog launched “enforcement action” against firms that draw in new players with attractive offers while making it difficult to gain payouts.

France’s economy expanded by even more than previously thought in the first three months of this year, with a second upgrade to estimates in under a month underscoring the strength of the eurozone’s recent recovery.

The European Central Bank has recommended changing its statute so that it can take on stronger oversight of euro clearing – a key battleground in Brexit negotiations with the UK, where much of this business is currently conducted.

Ireland has floated one of the banks whose collapse helped push the country to an international bailout, marking a milestone in the country’s economic turnround.

The government raised at least €3bn in the IPO of Allied Irish Banks, which valued the group at €12bn.

China Huishan Dairy, the Hong Kong-listed company whose share price took a 90 per cent dive in March, has appointed three new directors to its board, filling vacancies that left it unable to act on the company’s behalf.

EU citizens in the UK can put away their black pens and 85-page forms. Theresa May has said the UK will guarantee the rights of 3m EU citizens to living in the UK after Brexit.

Shares linked to some of China’s most acquisitive private-sector companies recovered on Friday, a day after word of a probe into potential systemic risk posed by large enterprises in China sent stocks sharply lower.