Xiaomi shares soar to record after phonemaker sells 200,000 electric SUVs in 3 minutes
YU7 is priced to compete directly with Tesla’s Model Y
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Minister promises to curb powers of UK’s financial ombudsman
Proposed overhaul to form critical part of government’s financial services review next month
White House says decision on nominating next Fed chair not ‘imminent’
US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer
ABF raises stakes in UK stand-off over bioethanol plant
Vivergo plant owner says it has started a wind-down consultation in case rescue talks fail
Can hydropower keep the lights on?
Blackout in Spain and Portugal highlights need for renewable and reliable power
EU strikes deal to overhaul bank failure rules
Long-awaited political agreement will revamp how bloc manages failing lenders to limit taxpayer liability