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What Xi and Trump want from their Beijing summit

Chinese and US leaders to discuss trade, technology, Iran and Taiwan

Health secretary expected to resign while former deputy prime minister Angela Rayner says HMRC has cleared her over tax case

Japan’s second-biggest carmaker reports worse than expected result but forecasts return to profit this year

Plus, US oil producers aren’t drilling

Jane Street interview simulator; Von der Leyen; Dawkins and AI; Magnus the Wandering Walrus; Eurobonds revisited

Chinese president tells US counterpart that they are ‘partners, not rivals’ as they open two-day summit

Our Ask an Expert Q&A with Stephen Bush, Miranda Green and Robert Shrimsley will take place today at 1pm (BST)

Also in today’s newsletter: Starmer faces leadership challenge and Warsh’s Fed confirmation

The US Treasury has proposed investing some of the idle cash it keeps at the Federal Reserve into money markets

Body for pension and sovereign wealth funds wants costs shared between investors and buyout groups

Suriname, South America’s smallest and greenest country, is tying its future to a $10.5bn offshore oil development led by TotalEnergies

Ministers should reconsider import measures due to take effect in July, says British Chambers of Commerce

Private capital groups have a new opportunity to buy significant risk transfers tied to credit funds

Gideon Rachman speaks to James Crabtree

Data suggests shipments of refined fuels are not picking up in blow to Asian economies starved of supplies by Iran war

Sonja Hutson talks to Martin Arnold and Anne-Sylvaine Chassany

Bringing groceries to customers within minutes is a competitive front in battle with ecommerce giant Amazon

The chances of claims management companies landing another big blow against the banks are fading

The French-Algerian artist on her Tate Britain Commission, resisting nostalgia and learning from the past

SDNY attorneys that took on Drexel and SAC Capital adopt more lenient stance on corporate wrongdoing

Deputy governor says initial plans may have been ‘overly conservative’ and central bank ‘looking very hard’ at alternatives

Fire Point is moving into space after developing drones and missiles, despite an ongoing probe for alleged graft

Exclusivity is not just a matter of selling some items that almost no one can afford

The health secretary’s ambition to succeed Keir Starmer is well known, but his time overseeing the NHS has proved trickier than expected