Armin Laschet wins the CDU’s nomination for German Chancellor, moving one step closer to succeeding Angela Merkel. U.S. equities are lower as tech stocks stumble following a deadly driverless Tesla car crash in Houston. Meanwhile, Chinese President Xi Jinping addresses the Boao Forum, calling for global cooperation and equitable governance to avoid a new ‘Cold War’. In autos news, BMW releases a surprise set of Q1 results that show profits soaring by 370 per cent on strong demand in China and increasing prices. And the UK government says it will take all possible measures to halt the establishment of the breakaway European Super League. European football’s governing body, Uefa, has called the move “a spit in the face” of fans of the game.   

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