Bloomberg Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market. The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report, said the people, who asked not to ...

Bloomberg The pound rallied and UK bonds surged as more of Prime Minister Liz Truss’s package of unfunded tax cuts were reversed. Stocks rise, with investors preparing for a number of key earnings reports this week. Chancellor Jeremy Hunt said the UK will raise £32 billion ($36.15 billion) with new measures, scrapping plans to cut income tax and dropping a ...

  Bloomberg Chinese regulators are ramping up efforts to support the stock market, which saw little reprieve from President Xi Jinping’s speech amid continued pressure from geopolitical tensions and the Covid Zero policy. A series of market-supporting measures are in the pipeline, including proposals to encourage companies to buy back shares and to ease curbs on short-term transactions by overseas ...