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PRESS DIGEST- Financial Times - March 13

ReutersMar 13, 2025 2:21 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Intel appoints new chief after abrupt exit of Pat Gelsinger

- Starmer to target 'cottage industry of blockers' in overhaul of regulators

- US regulator backtracks on request to delay Amazon Prime trial

- Harold Hamm's Continental Resources expands into Turkey to develop oil reserves

Overview

- Intel INTC.O on Wednesday named former board member and chip industry veteran Lip-Bu Tan as its CEO after the troubled U.S. chipmaker's board ousted Pat Gelsinger in December.

- British Prime Minister Keir Starmer will on Thursday vow to reshape public services by taking on a "cottage industry of checkers and blockers" and embracing AI to drive through efficiencies, though Downing Street insisted he would not take "a chainsaw" to the state.

- The U.S. Federal Trade Commission has backtracked on a request to delay the trial in its high-profile case challenging Amazon's AMZN.O Prime service, rejecting its own lawyer's claim of resource constraints.

- Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country's Diyarbakir Basin.

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