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Category Innovation

Has China already reached peak oil?

Amin Nasser, the head of Saudi Aramco, the world’s largest oil company, has always had one special customer: China. In his 10 years in charge, Nasser has seen the value of Saudi oil exports to China more than triple, to…

BP axes 4,700 jobs in cost-cutting drive

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to…

How Germany declined under Olaf Scholz — in charts

Olaf Scholz became German chancellor with a pledge to modernise and jolt Europe’s largest economy from its long-lasting paralysis. But just two months after taking office, Russia’s full-scale invasion of Ukraine in February 2022 ripped the Social Democrat’s plans apart…