1 00:00:02,279 --> 00:00:05,240 Speaker 1: Today's biggest news from The Australian. Unclaire Harvey with the 2 00:00:05,280 --> 00:00:09,920 Speaker 1: Front's afternoon headlines, Fuel relief is coming for the Bush. 3 00:00:10,280 --> 00:00:13,400 Speaker 1: Energy Minister Chris Bowen says fuel quality standards will be 4 00:00:13,480 --> 00:00:18,120 Speaker 1: temporarily lowered to get more fuel into the market quickly. Basically, 5 00:00:18,200 --> 00:00:21,720 Speaker 1: it means more sulfur will be allowed. Sulfur is a 6 00:00:21,800 --> 00:00:24,920 Speaker 1: natural part of crude oil, which, when burnt in engines, 7 00:00:25,040 --> 00:00:29,000 Speaker 1: causes air pollution and can lead to acid rain. Most 8 00:00:29,000 --> 00:00:31,479 Speaker 1: of it is refined out of the diesel and petrol 9 00:00:31,560 --> 00:00:35,000 Speaker 1: we buy it the pump. Until last year, Australia had 10 00:00:35,040 --> 00:00:38,199 Speaker 1: some of the world's dirtiest fuel for the labor Government, 11 00:00:38,280 --> 00:00:42,200 Speaker 1: led by Bowen, imposed a stringent improvement of standards that's 12 00:00:42,240 --> 00:00:45,840 Speaker 1: only been in effect for a few months, dramatically slashing 13 00:00:45,840 --> 00:00:49,440 Speaker 1: the sulfur limits on petrol and diesel. Now, Bowen says 14 00:00:49,520 --> 00:00:52,879 Speaker 1: relaxing those standards in the short term will prevent us 15 00:00:53,000 --> 00:00:53,920 Speaker 1: running out of fuel. 16 00:00:55,080 --> 00:00:57,320 Speaker 2: This will, as I said, enable that supply to be 17 00:00:57,360 --> 00:01:01,120 Speaker 2: blended into the Australian existing supply and we'll see one 18 00:01:01,200 --> 00:01:04,040 Speaker 2: hundred million liters extra of fuel each month for the 19 00:01:04,080 --> 00:01:08,720 Speaker 2: two months for which I will have provided the relaxation. 20 00:01:09,440 --> 00:01:12,399 Speaker 2: I have asked for and received an assurance from AMPOLE 21 00:01:12,880 --> 00:01:16,839 Speaker 2: that this extra supply will be prioritized for regional Australia 22 00:01:16,920 --> 00:01:19,880 Speaker 2: and for the spot market to take pressure off those 23 00:01:19,920 --> 00:01:23,720 Speaker 2: regional areas feeling such pressure. Such pressure, mister Speaker and 24 00:01:24,360 --> 00:01:25,280 Speaker 2: I have received that. 25 00:01:26,360 --> 00:01:29,920 Speaker 1: The International Energy Agency has agreed to the biggest ever 26 00:01:29,959 --> 00:01:33,400 Speaker 1: release of public emergency stocks of oil and it sent 27 00:01:33,520 --> 00:01:38,039 Speaker 1: oil prices up instead of down, as jittery markets interpret 28 00:01:38,080 --> 00:01:41,280 Speaker 1: the release as a sign the Iran war really is 29 00:01:41,319 --> 00:01:46,679 Speaker 1: going to create an energy crisis. Sixteen hundred at Lassian 30 00:01:46,720 --> 00:01:49,640 Speaker 1: employees are back on the job hunt after the Australian 31 00:01:49,680 --> 00:01:53,200 Speaker 1: tech giant sacked ten percent of its workforce. About a 32 00:01:53,240 --> 00:01:55,880 Speaker 1: third of those are based in Australia and they were 33 00:01:55,920 --> 00:01:59,680 Speaker 1: told they've been let go via email. At Lassian founder 34 00:01:59,760 --> 00:02:03,760 Speaker 1: Might canon Brooks is blaming rapid advancements in artificial intelligence. 35 00:02:04,680 --> 00:02:07,080 Speaker 3: It's an incredibly hard decision, but I still believe that 36 00:02:07,120 --> 00:02:11,400 Speaker 3: it's the right one. We're focused on moving faster, staying 37 00:02:11,400 --> 00:02:15,239 Speaker 3: disciplined on costs, and proving that we can grow profitably 38 00:02:15,400 --> 00:02:19,320 Speaker 3: over the long term by staying responsive to the world 39 00:02:19,400 --> 00:02:20,520 Speaker 3: that we have to operate in. 40 00:02:21,440 --> 00:02:24,359 Speaker 1: The redundancies are expected to cost at Lassian as much 41 00:02:24,400 --> 00:02:28,080 Speaker 1: as one hundred and seventy four million US dollars. You 42 00:02:28,120 --> 00:02:30,840 Speaker 1: can read the inside story of how at Lassian's massive 43 00:02:30,919 --> 00:02:34,280 Speaker 1: job cuts unfolded right now on the Australian dot com 44 00:02:34,320 --> 00:02:39,320 Speaker 1: dot AU. Intelligence agencies say they might not be able 45 00:02:39,320 --> 00:02:42,760 Speaker 1: to produce full evidence to the Antisemitism Royal Commission, and 46 00:02:42,880 --> 00:02:47,519 Speaker 1: some information has been redacted. That's as former spyboss Dennis 47 00:02:47,560 --> 00:02:52,840 Speaker 1: Richardson abruptly quit the investigation, saying he was surplus to requirements. 48 00:02:53,960 --> 00:02:56,720 Speaker 1: Check out those stories live right now at the Australian 49 00:02:56,800 --> 00:02:59,080 Speaker 1: dot Com dot a U and come back to the 50 00:02:59,080 --> 00:03:01,480 Speaker 1: front first thing in the morning for a peek behind 51 00:03:01,520 --> 00:03:05,560 Speaker 1: the scenes at one of The Australian's biggest ever podcast productions, 52 00:03:05,880 --> 00:03:06,560 Speaker 1: Seek to Death