The Daily Telegraph: The US’s move to ratchet up tariffs to 25% on $200 billion of Chinese goods this September would trigger a currency war, warn economists.
Financial Times: The Trump administration has warned that new sanctions would be imposed on Turkey if a detained American evangelical pastor was not released, putting further pressure on lira.
Financial Times: Dollar's rise to a 13-month high has led gold price to hit its lowest level since January 2017, at $1,180 an ounce this week.
The Times: Schroders is considering replacing City grandee Bruno Schroder by his only daughter despite her lack of experience in financial services.
Financial Times: Asda has registered a fifth consecutive quarterly growth in same-store sales as it heads for a merger with Sainsbury.
Business and economics
The Times: Amazon has sounded out some of Europe’s largest insurers to see if they would contribute to a price comparison website run by the American online retail group, in a move to enter the British insurance market.
Daily Mail: Carlsberg is celebrating a successful summer thanks to the World Cup as sales were up 10% in host nation Russia, while the hot weather also boosted demand, especially in China.
The Times: Kingfisher, Europe’s second-largest home improvement retailer, said that like-for-like sales jumped 4.2% in the UK and Ireland, rising 3.6% at B&Q and 5.5% at Screwfix, which caters for professional builders.
Daily Mail: Chemring has won a £73 million contract from the US department of defence to upgrade its mine detectors.
The Times: Rank Group, Britain’s largest casino chain, blamed lucky high-spending gamblers, snow and sunshine as it reported a 41% drop in profits.
The Daily Telegraph: Italian-Spanish infrastructure company Atlantia saw more than €5 billion market value wiped off after the collapse of the motorway bridge in the port city of Genoa this week.
Financial Times: Bayer was hit by another legal setback in the US linked to Monsanto's weedkiller Roundup, pulling its shares down to the lowest level in 5 years.
The Times: Fitch has warned that it could downgrade its prospects for Britain’s economy after scaling back its expectation that the UK will be able to reach a deal to exit the EU.
The Guardian: Ailing department store chain Debenhams is attempting to cut costs at its fashion and home divisions, putting up to 200 head office jobs at risk.
The Daily Telegraph: Owners of Towcester racecourse are preparing to call in administrators, plunging its future into doubt.
The Times: Bruce Stout, who runs a £1.6 billion global investment trust Murray International Trust, has warned about the damage to worldwide growth from America’s protectionist policies.
The Times: The Kazakhstan-focused copper miner Kaz Minerals will pay its first dividend in six years in a bid to placate investors disgruntled at its $900 million move into Russia.
The Daily Telegraph: Hundreds of Google employees have demanded that the search engine giant be more transparent in its plans to launch its censored version in China.