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Hesai’s claim comes as Biden and Xi meet to ease tensions between the world’s two largest economies

Three swing-state Democrats top list of candidates being vetted by former Obama official Eric Holder

Cuts to PhD funding have caused UK student intake to shrink, data shows

Best-performing managers’ punchy bets on stock markets paid off in 2023

Key investors bullish of hitting $86bn valuation despite company’s chaotic power struggle

What used to be a good deal compared with private renting has become a financial trap

Conservative groups and lawmakers eye restrictions on proxy firms as new era in Washington emboldens their critics

Some investors unhappy about plans to reward senior executives following group’s disposal of Italian unit

The Czech billionaire has a month to make a formal bid after his £4.5bn indicative offer was rejected

Supporters say investor litigation raises governance standards but critics warn benefits skew to lawyers and funders