BT cuts 13,000 jobs; US inflation watch; Oil price surge

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1. BT cuts 13,000 jobs: British media group BT (BT) said Thursday it will cut 13,000 jobs and leave its central London headquarters in order to save billions.

The company said the cuts will be made over three years and affect mainly back office and middle management roles. Two-thirds of the job losses will be in the United Kingdom.