US president Donald Trump plans to speak with German, French, and Italian officials ahead of a summit of the Group of 20 leading economies this week that could expose his sharp differences with world powers on trade and other issues.

Cybercrime annually costs the global economy about $445bn (€327bn), with the damage to business from intellectual property theft exceeding the some $160bn loss to individuals from hacking, according to research.

European defence ministers will seek today to push forward efforts to modernise their forces a day after an influential Washington think-tank warned they must urgently overhaul the military to defend Europe’s interests against terrorists, failed states and regional crises.