Intel announces plan to cut 15,000 jobs to ‘resize and refocus’ business
Firm reported a loss in its second quarter and said it would cut 15% of its workforce to cut costs and compete with rivals
US investors trigger major Wall Street sell-off over recession fears
Cooling job market, slowing manufacturing and tumbling stock market lead to big tech sell-offs
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Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened
City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year
