BP’s dance with Elliott

Two big job moves to start: Kroger and Albertsons, the two biggest US supermarket chains, separately announced the departures of their chief executives months after the collapse of their $25bn merger. And another thing: Rothschild & Co has hired the former Moelis investment banker who quit last year after a viral video showed him punching … Read more

Copper smelting industry reels from threat of tariffs and China rivals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The copper smelting industry is under growing pressure as plants around the world struggle to compete with the scores of newer factories in China offering cheap production of the red metal. Commodity trader Glencore last … Read more

Tariff Tuesday: into the unknown

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Yesterday was rough. It began with the ISM manufacturing survey for February, which showed new orders falling into … Read more

Saudi Aramco chief says DeepSeek AI makes ‘big difference’ to operations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Aramco, the world’s largest oil company, has said technology from Chinese artificial intelligence company DeepSeek is “really making a big difference” and improving the efficiency of its operations. The installation of the technology in … Read more

Foreign investors in Peru’s state oil company risk nation’s turbulent politics

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello and welcome to Energy Source, coming to you from New York, where the energy industry is considering … Read more