The U.K.’s annual rate of inflation hit 10.1% last month. (WSJ)
German energy giant Uniper lost more than $12.6 billion in the first half of the year as its big Russian gas imports dried up. (WSJ)
A federal judge in Ohio ordered the owners of CVS, Walgreens and Walmart pharmacies to pay $650 million over 15 years to two counties for contributing to the opioid epidemic. (WSJ)
A labor group filed to hold a union election at an Amazon warehouse near Albany, N.Y. (WSJ)
Tencent Holdings is looking to sell most or all of its stake in Chinese food-delivery company Meituan. (WSJ)
Chip maker Analog Devices says its orders have moderated and it’s seeing a “modest increase in cancellations.” (WSJ)
Toyota and Foxconn are among companies that have suspended plant operations in southwest China after a heat wave and drought triggered power shortages. (Financial Times)
Apple is in talks to start manufacturing its watches and MacBook PCs in Vietnam. (Nikkei Asia)
Amazon is raising the fees it charges third-party merchants for fulfillment during the holiday shopping period. (CNBC)
The major freight railroads signaled they’re ready to negotiate a new labor contract based on a presidential report that calls for 24% raises. (Associated Press)
Iran is expected to release two Greek tankers now that an Iranian tanker was reloaded with crude that had been confiscated by U.S. authorities. (Dow Jones Newswires)
Southern China shipyards declared force majeure on some orders because of the impact of a searing heat wave on production. (TradeWinds)
Second-quarter profit at Israeli container line Zim rose 50% to $1.34 billion despite a 6.5% drop in average freight rates. (Lloyd’s List)
Alphaliner says the capacity gap between the 10 largest container lines and the rest of the field is bigger than ever. (Splash 247)
Authorities in Puerto Rico arrested a longshore union local president and others on charges including extortion of more than $1.2 million from shipping companies. (Maritime Executive)
Some cities in Southern California’s Inland Empire are considering barring new industrial property development. (Bloomberg)
French freight forwarder Geodis acquired New Jersey-based trucker Need It Now Delivers. (DC Velocity)
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