ExxonMobil to close Scottish chemicals plant with loss of 200 jobs
US oil major blames difficult market conditions and UK policy environment
Economic news
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Fund managers alarmed by corporate investment boom as AI bubble fears grow
Bank of America survey shows a majority of money managers think companies are overinvesting
EU announces plans to restrict aluminium scrap exports
Shortages have left bloc’s recycling industry fighting for survival
Elliott builds stake in gold miner Barrick
Activist investor encouraged by idea that the miner could split into two companies under new boss
Dulux owner AkzoNobel in $25bn merger with paint rival
Combined business to have single New York listing and dual headquarters in Amsterdam and Philadelphia