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
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
Soho House teams up with Michael Milken to bring The Ned to Washington
London-based group partners with ‘junk bond king’ on club adjacent to the White HouseTravel & leisure industry
Hayfin raises €6bn to lend to European companies
London-based firm attracts investors despite dealmaking slowdownMergers & Acquisitions