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
Business live
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
July 2024
Chip designer Arm Holdings reports 39% surge in revenue but shares fall
Nils Pratley on finance
GSK’s health is improving. Shame about the legal heartburn
Nils Pratley
Business live
Boeing appoints Kelly Ortberg as new chief executive – as it happened
Mixed signals on tech stocks amid debate over viability of AI boom
Business live
Germany on brink of recession; eurozone beats forecasts with 0.3% growth; US job openings fall – as it happened
Business live
McDonald’s sales fall for first time since 2020, as higher prices deter consumers – as it happened
Business live
Chief of staff to ex-Post Office chief Paula Vennells drafted email ‘to discourage investigating prosecutions’ - as it happened
NatWest takes £24m hit from abandoned ‘Tell Sid’-style campaign
Business live
Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened
Stock markets tumble amid jitters over tech companies’ growth
Project Syndicate economists
Why have US shares, gold and the dollar been soaring?
Jeffrey Frankel
Wall Street suffers worst day since 2022 as Tesla and Google earnings disappoint
Business live
Spotify shares surge 15% after profitability hits record high – as it happened
Business live
Business secretary expects to call in Czech billionaire’s Royal Mail takeover for review; Ryanair profits fall 46% – as it happened
Vivendi plans to float Canal+ in London in boost to UK markets
