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Good morning. The energy crunch looks set to get worse, Boris Johnson is optimistic on fixing the Northern Ireland issue and Apple is ditching Intel chips. Here’s what’s moving markets.

U.K. Prime Minister Boris Johnson promised to find a solution to Brexit’s Northern Ireland Protocol, a sign that a compromise will be reached with the European Union in a dispute that had threatened to spiral into a trade war. Unlike the rest of the U.K., the province remained inside the EU single market for goods, meaning products arriving from the rest of Britain are subject to customs formalities. In an interview with Bloomberg, Johnson also hinted at eventual tax cuts for U.K. businesses, even as his chancellor Rishi Sunak prepares to hike taxes in April to cover health and social care spending.