Intel's Strategic Leadership Shift Marks Industry Surprise

Intel appoints Lip-Bu Tan as CEO after Pat Gelsinger's departure, marking a pivotal change for the troubled company. British PM Keir Starmer plans regulatory reforms to enhance public services. The FTC reverses its delay request in the Amazon Prime case; Continental Resources expands oil ventures in Turkey.

In a surprising move, Intel has named Lip-Bu Tan as its new CEO, replacing Pat Gelsinger who was ousted last December. Tan, previously a board member, brings deep industry expertise as the chipmaker navigates challenging times.

In the UK, Prime Minister Keir Starmer plans to tackle bureaucratic inefficiencies by overhauling regulators. Despite embracing AI for efficiency, Downing Street reassures that no drastic state dismantling will occur.

In the US, the FTC has reversed its decision to delay the Amazon Prime case trial. Meanwhile, Continental Resources is expanding its global footprint by partnering with Turkey's TPAO to exploit the Diyarbakir Basin's shale fields.

(With inputs from agencies.)