Economic news
UK ministers accuse Exxon of failing to engage constructively over Scottish plant
US oil group cancelled meetings during talks to save ethylene unit, official correspondence claims
Green groups sue to block Trump’s first oil lease auction in US Gulf
Complaint cites involvement of former energy industry lobbyist in decision-making process
Meta wins US case that threatened split with WhatsApp and Instagram
Social media group has beaten antitrust suit brought by the Federal Trade Commission
US tech stocks dip as traders fret over ‘frothy’ AI valuations
Nasdaq lower as heavyweights including Nvidia and Microsoft sustain steep falls
Fund managers warn AI investment boom has gone too far
Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure