FT Europe |
Uber strikes deal with rival Didi to pull out of battle for China
Multibillion dollar tussle draws to a close. Latest US failure to crack Chinese market.
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WSJE |
Uber drops goal to conquer China.
Ride-hailing behemoth sells local unit to Didi, highlighting US firms’ challenges in China.
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Le Monde |
Erdoğan strengthens his grip on the army.
Turkish President Recep Tayyip Erdoğan continues to regain control of the army, two weeks after the attempted coup d’état.
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Les Echos |
Tourism: Paris suffers, French regions resist.
In Paris, palaces are affected by a significant absence of customers. In the provinces, holiday accommodations and open-air accommodations are registering good figures. August is expected to be brighter.
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Frankfurter Allgemeine |
EU: visa-free regime for Turkey only when all conditions are met.
Brussels ready to resume talks. German government: don’t let Ankara blackmail us. |
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Sueddeutsche Zeitung |
Gabriel accuses Turkey of extortion.
Ankara’s threat to terminate the Refugee Convention angers the Vice-Chancellor. The Chancellery, however, fears a failure of the pact and refrains from criticism.
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La Repubblica |
Libya, the US bombs ISIS.
US jets, helicopters and drones have bombed the ISIS held town of Sirte at the request of the Serraj unity government.
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Il Sole 24 Ore |
Banks and oil drag stocks down, Milan worst affected in Europe.
The European “stress tests” on credit failed to reassure investors. Stock exchanges are under stress due to the price of oil.
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Gazeya Wyborcza |
The government is planning our future.
“The economy is not ruined, we have achieved a lot in the past two decades,” admit authors of “Strategy for Sustainable Development”, also known as “Morawiecki Plan”. However they underline an ageing society, lack of workers and investment.
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El Pais |
Constitutional Court suspends the Parliament’s separatist movement.
The separatist challenge reduces possibilities for the Convergència party to have its own group at the Congress after the Popular Party’s veto yesterday at the Senate.
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Expansion |
Credit is back.
Bank financing for households is increasing after six years of decline.
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UNITED KINGDOM
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The Times |
China raises doubts over £100bn investment in UK
Hinkley delay puts HS2 and other deals at risk, Beijing warns.
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The Guardian |
Housing crisis sees ownership hit 30-year low.
Manchester, Leeds and Sheffield now face problem once confined to capital.
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INYT |
How an aide to Trump held sway in Ukraine
Manafort’s advisory work and business links with tycoons draw scrutiny.
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