US chipmaker says it will also reduce capital spending as its turnaround strategy hits another setback
Shares slip nearly 8% after surge in crucial infrastructure investments exceed net income during the quarter
Company bullish on iPhone upgrades from AI products even as it confronts China slowdown and fall in smartphone purchases
French bank seeks greater scale for its investment business
Second-quarter earnings of $1bn missed expectations as hedging costs on floating rate exposure has yet to pay off
Airline group abandons efforts to buy Spain’s Air Europa over EU competition concerns
Veteran aerospace executive arrives as manufacturer faces battles over labour and safety
Ack-man of La Mancha
While the US ecosystem has the edge in groundbreaking innovations, the Chinese one excels in execution
New York, Toronto and Sydney overtake UK capital as companies seek higher valuations and deeper liquidity
During the pandemic it was seen as a British tech success story. But its progress since has been less convincing
Department of Justice has increased scrutiny of the chipmaker’s power in the emerging sector
Also in today’s newsletter, Middle East enters ‘new phase’ and the biggest victims of a Tokyo stock rout
European Commission rejects complaints that Ukrainian sanctions on Lukoil threaten security of supply
Facebook and Instagram’s parent company earnings show strength in core advertising business
Industry seeks to avoid painful experience with online gatekeepers such as Google and Facebook
The threats to this crucial infrastructure are growing but there are possible solutions
Lawsuit says Lemon’s name was ‘dragged through the mud’ by executives from social media platform
Alex Beard and four other former employees of UK-listed commodity trader charged after long-running bribery probe
For a start, the regulator must act quickly if it is to retain any shred of credibility
Chief executive Charles Woodburn is focused on Labour government’s UK defence review
UK engine maker is clearly in a much stronger competitive position than it has been
Homebuying expected to pick up this autumn as confidence returns, say analysts
Container shipping group forecasts higher profits for third time since May
Minister assures tech firms that upcoming legislation will be highly targeted
How higher rates really can drive higher inflation
Once the preserve of the wealthiest, these specialists are now being sought out across the property spectrum
Earnings uplift from weak currency might not last much longer
2.1% year-on-year increase comes as BoE cuts benchmark rate to 5%
German carmakers say the threat of a trade war between Europe and Beijing is looming
Also in today’s newsletter, one view on how the US can be more competitive in the energy transition
Gas, crude and power prices have dropped back and stabilised to levels before Ukraine war, notes Wael Sawan
Hedge fund manager is in pole position to buy weekly publication for about £100mn
Shipbuilder needed to raise funds after ministers turned down £200mn guarantee request