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Business News
- White House announces chipmaker Intel to give US government 10% stakePresident Trump earlier said the company's CEO agreed to the deal in a recent meeting at the White House.
- Fed chair Powell boosts expectation of US rate cut Jerome Powell appeared to back a cut to borrowing rates and played down long term inflation risks in his annual speech at Jackson Hole.
- Royal Mail and DHL halt some US deliveries over tariffs Services including Royal Mail and DHL say they are suspending deliveries until they have proper systems in place.
- UK's third-largest steelworks collapses into government controlHundreds of Liberty Steel workers in Rotherham and Sheffield face an uncertain future.
- TikTok to lay off hundreds of UK content moderators The firm says it's planning to relocate work to its other offices in Europe and invest more in AI.
- Computer science graduates struggle to secure their first jobsCompanies are using AI to do basic coding tasks instead of hiring junior staff.
