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The pound hit a two-year high against the dollar, breaking the $1.33 level, after the Bank of England held interest rates steady on Thursday and promised only “gradual” monetary loosening in the coming months. Sterling rose by as much as 0.7 per cent against the dollar, reaching the $1.331 mark — its highest level since…

Intel has announced multibillion-dollar contracts to make chips for Amazon and the United States government, sending the beleaguered stock up more than 8 per cent in after-hours trading. The American chipmaker has been awarded up to $3 billion from the US government to help manufacture advanced chips for the military. The funding comes on top…