Tesla stock suffers double-digit drop on carmaker’s worst day in years

Elon Musk’s EV company lost a quarter of its value this year amid weak profits and high spending on AI and robotics

Take Centrica’s gas storage warning seriously – Britain still needs secure supplies

One task awaiting new energy secretary Miatta Fahnbulleh is devising a plan to avoid a crisis by the end of the decade

Hospitality businesses call on Andy Burnham to cut VAT and extend help to hotels and restaurants

CEO Chris O’Shea defends Centrica’s plans as it reports rise in retail profits following focus on bigger margins

Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge

Sharp rise in oil price reflects fears Houthi militias could strangle Saudi exports as US-Iran fighting intensifies

Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

Exclusive: Elizabeth Warren claims bank did not ‘meaningfully investigate’ Jes Staley’s links with sex offender

Exclusive: Ro Khanna says ‘reindustrialization’ effort would provide grants, loans and investments to smaller businesses

Firm told to treat third-party services that appear in its results in ‘fair and non-discriminatory manner’

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later

BMW, Ford, Nissan and Toyota, plus parts maker Bosch, wrote joint letter to ministers in April

Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations

Better-than-expected results of $120bn came despite delays in release of powerful AI model Gemini Pro