Business

Oracle cuts 21,000 jobs as AI restructures tech workforce

The software and cloud computing giant has shed 13% of its global headcount in a year, citing the deployment of artificial intelligence across its operations.

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Distilled Post Editorial Team

Burnham Ally Sets Out Blueprint For Reversing Decades Of Utility Privatisation

Policy paper argues state control of water, energy and transport is the route to affordable living and fiscal stability

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Distilled Post Editorial Team

Brexit Cost Britain Six Per Cent Of Economic Growth, Bank Data Suggests

Analysis of internal Bank of England corporate data, the first of its kind, estimates a decade of lost output from trade disruption and post-referendum uncertainty.

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Distilled Post Editorial Team

Tesco Sales Growth Slows As Wet Spring Outweighs World Cup Boost

Chief executive says sunshine drives grocery spending more than football results, as comparable UK sales rise 1.8% against analyst forecast of 2.3%

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Distilled Post Editorial Team

UK Steel Tariffs Squeeze Manufacturers Caught Between Policy and Supply Reality

New trade measures due next month are drawing fire from domestic producers who say they cannot source the steel they need from British suppliers

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Distilled Post Editorial Team

Rates on Hold as Iran Deal Changes the Calculus for Central Banks

The Federal Reserve and Bank of England are expected to sit tight this week, with a US-Iran peace agreement shifting the inflation outlook on both sides of the Atlantic

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Distilled Post Editorial Team

UK Manufacturing Faces Collapse Amid Soaring Energy Costs

Industry body warns of mass insolvencies and overseas exodus as energy bills dwarf European rivals

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Distilled Post Editorial Team

Oracle Posts Mixed Q4 Results as Cloud Shortfall Rattles Investors

Revenue and earnings beat forecasts, but weaker cloud sales and a $40 billion capital raise send shares down sharply

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Distilled Post Editorial Team

When the strait narrows, so does the medicine cabinet

The Hormuz crisis has exposed how thinly the NHS's supply chain has always been stretched, and why a ceasefire alone will not fix that

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Distilled Post Editorial Team
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