Cheap deals and weak lira boost Turkey’s tourist appeal
Visitor numbers rising but those in the sector say cost of living crisis means travellers are spending less once they arrive
Travel & leisure industry
Chelsea owners hold talks with Ares over raising funds
Premier League club looking to upgrade stadium and emulate Manchester City model by adding to network of teams
Travel & leisure industry, Mergers & Acquisitions
Chinese-owned battery group involved in Tata UK gigafactory
Envision’s AESC to have a key role at Somerset site despite efforts to keep it secret
Electric vehicles, Batteries
KKR/Simon & Schuster: buyout group can build book value affordably
Bid would sidestep regulatory concerns that a trade sale could lead to monopsony
Mergers & Acquisitions
Saudi football scores with €430mn summer spending spree
Net transfer spending by the Pro League trails only that of the Premier League
Travel & leisure industry
Interest rate rises are ‘working’, says Bank of England economist
Tighter monetary policy starting to curb risk of inflation becoming embedded, Huw Pill argues
Central banks
WPP’s ad spend warning is probably not worth worrying about
Unless you’re a WPP shareholder, in which case bad luck
Advertising
Writer Joyce Carol Oates: ‘So much of life is accidental’
The American author on Twitter, the trouble with trigger warnings — and why ‘Ulysses’ is her comfort food
Lunch with the FT
Ukraine strikes Russian naval vessel in first attack on oil exports
Moscow downplays scale of damage caused by drone strike on infrastructure in Novorossiysk
Drones