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UK PM Burnham faces a significant deterioration in the public finances that will leave him needing to find about GBP 10bln in either tax rises or spending cuts in his first budget, according to The Times's Swinford

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Geopolitics

Yemeni forces are to announce a military operation at 08:30 local time (06:30BST/01:30EDT)

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SK Hynix (000660 KS) is reportedly in talks with Intel (INTC) about the production of memory chips in the US, according to sources

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