011 Modello 3

‘Heat dome’ and storms over eastern US sends electricity prices soaring

Almost 1mn households left without power after storms and weekend temperatures near 40C disrupt grids

Growth in second-largest economy has helped activewear maker offset series of other troubles but now faces new challenges

Kyiv’s intensified drone campaign is spurring Russia’s worst fuel crisis in decades

Paris loses out on cheap loans due to strict eligibility criteria it had championed

Nasdaq listing caps more than a decade of deals that transformed an Italian start-up into a global internet company

The opening of the Obama presidential library set off a wave of nostalgia for an era that is not coming back

Fast-growing energy supplier says employee share ownership means it’s not a ‘them and us’ company

CME Group to launch 10-barrel contract after Iran war triggers rush of bets on crude prices

Whether at a match or a march, Gala Rizzatto’s enduring 1996 Eurodance hit has come to symbolise jubilation, catharsis and defiance

Decline in stock splits suggests dividing share count no longer rules corporate orthodoxy

There is really no excuse to dodge your veggies with this many ideas on the table — and don’t despair, there’s one with fried cheese

Ride-hailing company will no longer launch in five of its seven planned new markets this year

Germany’s OHB warns three-way merger would hurt competition, ultimately increasing costs for taxpayers

Policymakers discuss reducing incentives for academics to submit papers to international journals over leak concerns

Wall Street banks are among the firms adopting bespoke scents for reasons that remain mysterious

Existing ministers argue major overhaul of city boundaries will be vital for his goal of devolving power

China securities units of Goldman Sachs, Morgan Stanley and JPMorgan posted record profits last year

Sweden, Denmark and Finland resist plan to label flavoured versions ‘cider-based beverages’

President eulogises forebears and eviscerates enemies at Lincoln Memorial on 250th anniversary of independence

The week-long remembrance is intended to demonstrate public support for the regime

Clean power purchase agreements, favoured by companies like Google and Meta, expected to rise sharply as Biden-era support ends

The billionaire hedge fund manager has a history of making big bets. Not all of them have come off

Also in today’s newsletter: Silverstone’s place on the grid and a Nike recovery update