Former Italian Premier and former ECB chief Mario Draghi has authored a European Commission report calling for €800 billion euros of additional annual investment. The report says the EU needs this alongside more innovation and faster decision-making to avoid seeing living standards decline.

A fall in Chinese producer prices has fuelled concerns that deflation may be taking hold in the world’s second-largest economy. Industrial producer prices fell 1.8 per cent in August, the most in four months. Steel and agriculture were among the sectors hit. Meanwhile, consumer prices rose 0.6 per cent. Apple releases the brand-new iPhone 16. We examine what are the latest features on offer, what makes it stand out from previous releases and is upgrading to latest model worth it for consumers?

Also, in the programme, presenter Ed Butler discusses a shake up in the fashion world as Sarah Burton is appointed creative director at Givenchy.