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Oil’s New Technology Spells End of Boom for Roughnecks

Oil’s New Technology Spells End of Boom for Roughnecks

One of the last industries where blue-collar laborers can earn high salaries is being transformed as artificial intelligence and automation replace workers. Even though production is back at peak levels, nationwide oil and gas employment has fallen 21% since 2014.

Published 3 months ago

Pfizer to Roll Back Price Increases After Trump Criticism

Pfizer to Roll Back Price Increases After Trump Criticism

Pfizer said it would “defer” some recent drug-price increases, reversing course after President Donald Trump criticized the company.

Published 3 months ago

Uber’s HR Chief Leaves After Probe Into Handling of Discrimination Claims

Uber’s HR Chief Leaves After Probe Into Handling of Discrimination Claims

Uber pushed out its human-resources chief, Liane Hornsey, after an internal investigation into her department’s handling of racial discrimination claims.

Published 3 months ago

Trade war escalation rattles China stocks and currency

Trade war escalation rattles China stocks and currency

Sell-off slower in Europe as US moves forward with tariffs on further $200bn of imports

Published 1 second ago

21st Century Fox Raises Offer for Sky

21st Century Fox Raises Offer for Sky

21st Century Fox sweetened its offer for the 61% of U.K. pay-TV group Sky that it doesn’t already own, valuing the company at £24.5 billion ($32.5 billion) and topping an existing bid from Comcast.

Published 3 months ago

Trump attacks ‘delinquent’ Nato allies on way to summit

Trump attacks ‘delinquent’ Nato allies on way to summit

US president highlights spending shortfall and readies for political brawl with alliance

Published 1 second ago

Sky agrees to sweetened £24.5bn takeover offer from Fox

Sky agrees to sweetened £24.5bn takeover offer from Fox

Move by Rupert Murdoch’s Fox comes after Comcast disrupted the deal with its own offer

Published 1 second ago

Banking M&A: the quest to create a European champion

Banking M&A: the quest to create a European champion

The continent’s lenders are looking at takeover deals to build scale and defend themselves against US rivals, but is the timing right?

Published 1 second ago

Investors fret as Erdogan’s son-in-law takes economic reins

Investors fret as Erdogan’s son-in-law takes economic reins

President consolidates power by giving finance role to Berat Albayrak

Published 1 second ago

US regulator to examine auditors’ ‘going concern’ reporting

US regulator to examine auditors’ ‘going concern’ reporting

PCAOB move comes as investor concern grows over confidence in audit statements

Published 1 second ago

Aliko Dangote, Africa’s richest man, on his ‘crazy’ $12bn project

Aliko Dangote, Africa’s richest man, on his ‘crazy’ $12bn project

On his yacht in Lagos, he talks about his ambitious oil refinery — and his dream of buying Arsenal

Published 1 second ago

Millennials discuss why they cannot afford to buy homes

Millennials discuss why they cannot afford to buy homes

More than 450 FT readers tell us how they spend and what concerns them financially

Published 1 second ago

Trump’s chequered relationship with Scotland faces new test

Trump’s chequered relationship with Scotland faces new test

President’s golf investments mask chilly relations with politicians and public

Published 1 second ago

Pfizer delays drug price rises after discussions with Trump

Pfizer delays drug price rises after discussions with Trump

Unusual U-turn on 100 products including Viagra follows criticism from US president

Published 1 second ago