FTSE 100 in biggest drop since April as stock market sell-off continues – as it happened

Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month low

ExxonMobil to shut chemicals plant in Fife with loss of up to 450 jobs

US oil firm blames UK government policy and supply costs for closure of site near Cowdenbeath

Regarding music played in UK nightclubs, more than £5.7m each year is allegedly allocated by performing rights societies to the wrong artists

David Zahn of Franklin Templeton said bond yields could rise in response to chancellor’s fiscal plans and government would have to react

Employees at the Utah company Rubicon are filing a lawsuit against former state attorney general Sean Reyes

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boom

Former prisoners feel ‘disposable’ after being driven to accept jobs that often pay lower wages and have no benefits

Cap on dual-fuel bills forecast to decrease by £22 to the equivalent of £1,733 a year for a typical household

Housebuilder’s autumn selling season was wiped out by speculation about new property taxes, says analyst

Competition watchdog examines StubHub, Viagogo, AA Driving School and BSM Driving School and others

Sundar Pichai says artificial intelligence models are ‘prone to some errors’ and warns of impact if AI bubble bursts

Lobbyists representing industry responsible for a quarter to a third of global emissions participated in key talks at the UN climate summit

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insurance

Increase of more than 40% from current figure of £85,000 will give more cover if financial firm goes bust

Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rate