


German inflation dips to cooler-than-expected 1.8% in July
Economists polled by Reuters had expected inflation to ease to 1.9%.

Shell held off trading oil price spikes during Israel-Iran war, says CEO
UK energy major reports 32% fall in quarterly profits on lower oil and gas prices

Saks creditors suffer as high debt and slowing sales weigh on finances
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default

Forcing pension funds to buy UK stocks is ‘unnecessary’, says LSEG chief
David Schwimmer calls for tax benefits to encourage domestic investment in public markets

US energy storage industry faces a Trump ‘policy shock’
Also in today’s newsletter, a closer look at the EU’s $750bn spending target for American energy