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This is the World In Brief from The Economist.

Our top stories.

Donald Trump said that America's federal government would take a 10% stake in Intel, a struggling domestic chip manufacturer.

The arrangement could involve converting federal grants issued to Intel under the Chips Act into an equity stake.

Earlier this week, the Trump administration confirmed talks were ongoing, adding that the government would not sit on the firm's board.

Mr. Trump once again threatened Russia with massive sanctions or massive tariffs or both,

if it does not make progress towards peace in Ukraine within two weeks.

He also voices unhappiness with a Russian strike on Western Ukraine that hit an American factory.

Earlier, the European Union's top diplomat warned that Ukraine should not be pushed to give up territory to Russia.

The Postal Services of Denmark, Germany, Italy and Sweden said they were stopping accepting merchandise destined for America.

The organisations blamed a lack of clarity about new import duties that are due to come into effect on August 29th.

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