March 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Plans to raise UK fuel duty 'under review' as Middle East crisis drags on
- Blackstone readies 250 million pound Canary Wharf office sale
- Oracle prepares for lay-offs as it hails efficiencies from AI coding tools
- Atlassian cuts 10% of workforce to adapt to AI threat
Overview
- Britain's Keir Starmer has announced he will keep "under review" government plans to raise fuel duty in September for the first time in 15 years, as prices at the pump start creeping up in response to the crisis in the Middle East.
- Blackstone BX.N has revived plans to sell a Canary Wharf office building, seeking a price tag of more than 250 million pound ($334.3 million), in the latest sign of revival for the east London financial district after a long slump following the Covid-19 pandemic.
- Oracle ORCL.N has stepped up preparations to cut jobs over the coming months as it credits artificial intelligence with driving efficiencies in its team and conserves cash to fund its costly push into data centres.
- Technology company Atlassian TEAM.O said it will cut 10 per cent of its staff as the software company responds to the threat posed by AI to its operations.
($1 = 0.7479 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
Comments