WEBVTT - Atlassian blames AI for sacking 1600 staff

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<v Speaker 1>Today's biggest news from The Australian. Unclaire Harvey with the

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<v Speaker 1>Front's afternoon headlines, Fuel relief is coming for the Bush.

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<v Speaker 1>Energy Minister Chris Bowen says fuel quality standards will be

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<v Speaker 1>temporarily lowered to get more fuel into the market quickly. Basically,

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<v Speaker 1>it means more sulfur will be allowed. Sulfur is a

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<v Speaker 1>natural part of crude oil, which, when burnt in engines,

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<v Speaker 1>causes air pollution and can lead to acid rain. Most

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<v Speaker 1>of it is refined out of the diesel and petrol

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<v Speaker 1>we buy it the pump. Until last year, Australia had

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<v Speaker 1>some of the world's dirtiest fuel for the labor Government,

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<v Speaker 1>led by Bowen, imposed a stringent improvement of standards that's

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<v Speaker 1>only been in effect for a few months, dramatically slashing

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<v Speaker 1>the sulfur limits on petrol and diesel. Now, Bowen says

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<v Speaker 1>relaxing those standards in the short term will prevent us

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<v Speaker 1>running out of fuel.

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<v Speaker 2>This will, as I said, enable that supply to be

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<v Speaker 2>blended into the Australian existing supply and we'll see one

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<v Speaker 2>hundred million liters extra of fuel each month for the

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<v Speaker 2>two months for which I will have provided the relaxation.

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<v Speaker 2>I have asked for and received an assurance from AMPOLE

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<v Speaker 2>that this extra supply will be prioritized for regional Australia

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<v Speaker 2>and for the spot market to take pressure off those

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<v Speaker 2>regional areas feeling such pressure. Such pressure, mister Speaker and

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<v Speaker 2>I have received that.

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<v Speaker 1>The International Energy Agency has agreed to the biggest ever

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<v Speaker 1>release of public emergency stocks of oil and it sent

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<v Speaker 1>oil prices up instead of down, as jittery markets interpret

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<v Speaker 1>the release as a sign the Iran war really is

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<v Speaker 1>going to create an energy crisis. Sixteen hundred at Lassian

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<v Speaker 1>employees are back on the job hunt after the Australian

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<v Speaker 1>tech giant sacked ten percent of its workforce. About a

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<v Speaker 1>third of those are based in Australia and they were

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<v Speaker 1>told they've been let go via email. At Lassian founder

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<v Speaker 1>Might canon Brooks is blaming rapid advancements in artificial intelligence.

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<v Speaker 3>It's an incredibly hard decision, but I still believe that

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<v Speaker 3>it's the right one. We're focused on moving faster, staying

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<v Speaker 3>disciplined on costs, and proving that we can grow profitably

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<v Speaker 3>over the long term by staying responsive to the world

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<v Speaker 3>that we have to operate in.

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<v Speaker 1>The redundancies are expected to cost at Lassian as much

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<v Speaker 1>as one hundred and seventy four million US dollars. You

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<v Speaker 1>can read the inside story of how at Lassian's massive

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<v Speaker 1>job cuts unfolded right now on the Australian dot com

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<v Speaker 1>dot AU. Intelligence agencies say they might not be able

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<v Speaker 1>to produce full evidence to the Antisemitism Royal Commission, and

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<v Speaker 1>some information has been redacted. That's as former spyboss Dennis

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<v Speaker 1>Richardson abruptly quit the investigation, saying he was surplus to requirements.

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<v Speaker 1>Check out those stories live right now at the Australian

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<v Speaker 1>dot Com dot a U and come back to the

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<v Speaker 1>front first thing in the morning for a peek behind

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<v Speaker 1>the scenes at one of The Australian's biggest ever podcast productions,

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<v Speaker 1>Seek to Death