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• €5bn EU venture fund backs AI medical assistant Tandem Health

  A €5bn (£4.3bn) EU fund which invests in some of the continent's most promising scale-up technology companies is leading a $100m (£73.9m) funding round for Tandem Health, an AI medical assistant which has built a presence at the epicentre of Britain's private healthcare industry.

• Eagle holds first talks with Thames Water chiefs amid bailout crisis

  Angela Eagle, the new environment secretary, held her first face-to-face talks with Thames Water bosses this week as Britain's biggest water utility and the creditors trying to rescue it seek clarity over Andy Burnham's desire for "greater public control" of the industry.

• Economy shows surprise AI-led growth but energy squeeze looms

  The UK economy recorded 0.4% growth in July, partly on the back of artificial intelligence (AI) investment, according to early official figures that outperformed expectations.

• Premier League champions Arsenal hire consultants for costs review

  Arsenal Football Club, the Premier League champions, has drafted in a leading firm of management consultants to explore operational improvements which could trigger a round of cost-cutting.

• Veteran industrialist Lovell to chair publicly owned British Steel

  The government has recruited Alan Lovell, the industrial veteran, to chair British Steel months after it was formally taken into public ownership.