Royal Bank of Scotland has reported losses of £7bn for 2016, taking its losses since its 2008 government bailout to more than £58bn. The taxpayer-backed bank has also admitted it will not return to profit until 2018, indicating that it will report 10 years of losses before it returns to the black. “The bottom line

European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to US demands to raise military spending, arguing that development and humanitarian aid could also count as security. US president Donald Trump has raised questions about his commitment to the NATO defence alliance if European countries do not raise defence spending to