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FinancialTimes

Northvolt’s fate teaches Europe a lesson: stick to what you’re good at

Bankruptcy dashes hope that a European EV battery maker could be capable of denting market dominance of Asian rivals

Romanian far right in disarray after ban on Călin Georgescu

At least two candidates seek to replace pro-Russia nationalist barred from running in presidential election

Russia pushes back Ukrainian troops after US plan to broker ceasefire

Moscow’s soldiers on the offensive in Russian Kursk region hours after Kyiv backs 30-day armistice

Lagarde says ‘impossible’ for ECB to always meet inflation target

Central bank likely to miss 2% goal more often in future due to ‘exceptionally high’ uncertainty

Greenland party favouring gradual independence wins election

Incumbent coalition defeated in polls dominated by Donald Trump’s threat to seize Arctic island

Why Poland is still pushing for more EU-wide defence funding ideas

Also in this newsletter: A fresh push to charge Europe’s chip industry

The ‘freedom railway’: China’s new plan to take on the US in Africa

Tazara project showcases Beijing’s leaner approach to overseas development just as western aid appears to retreat

PwC cuts record number of UK partners and halts tech apprenticeship scheme

Moves come as consultants strain to protect annual profit pool of close to £1mn per partner

Toyota considers exporting from UK to US to ease impact of Trump tariffs

Senior European executive of world’s largest carmaker also warns of more turbulence for the sector