Tourism at inflationary hotspots tests ECB
Europe’s tourism boom is creating a headache for the region’s rate-settersTravel & leisure industry
British retail sales fall more than forecast as wet weather curbs spending
Volume of goods bought drops 1.2% between June and July after expanding in previous three monthsUK retail sales
China’s central bank steps up defence of renminbi
Currency weakens as concerns mount over health of world’s second-largest economyCentral banks
Saudi Arabia and UAE race to buy computer chips
US retailer earnings reports send mixed messages on consumer spendingArtificial intelligence
Hayfin raises €6bn to lend to European companies
London-based firm attracts investors despite dealmaking slowdownMergers & Acquisitions
Fight for Brazil chemicals group Braskem draws in foreign bidders — and Lula government
Latin America’s largest petrochemicals producer has attracted bids from Apollo and Abu Dhabi state-run oil companyChemicals, Mergers & Acquisitions
Japan’s core inflation slows as energy prices fall
July price growth hits 3.1% in data that supports Bank of Japan’s caution on unwinding monetary policyCentral banks
Bid for US Steel promises national security through consolidation
Cleveland-Cliffs’ $10bn proposal would build scale but raise competition worriesMergers & Acquisitions
Grab your popcorn: the Sculptor hedge fund saga continues
Plus, a private equity investor looks to sell its stake in scandal-hit UK children’s care homes and Soho House makes a play in WashingtonMergers & Acquisitions