Here are the top business stories making the headlines in the morning newspapers.
City council wage bill could be cut by £40m
Council chiefs want to slash tens of millions more from Aberdeen's budgets - including cutting the city's wage bill by £40million.
The Press and Journal says a renewed wave of restructuring is being proposed at Marischal College.
Top officials claim continuing on as things are is "not sustainable".
Furthermore they warn there is risk, if they can't balance the books, of investors pulling out of Aberdeen.
The council issued £370million of bonds on the London Stock Exchange in 2016 as part of a strategy to finance its capital-investment programme.
To address looming budget gaps, they now want to bring in a second wave of the controversial restructure known as the target operating model.
The reorganisation was launched in 2017, aimed at saving £125million over five years.
That target was hit, though council chiefs complain that how much money they get from the Scottish Government has faced real-term cuts for a decade.
Peterhead centre could shut
An activity centre in Peterhead may be forced to close.
Wheelie World, on Queen Street, hosts an indoor kart track and was also one of the first businesses in the country to offer axe-throwing activities.
William and Nicola Cruden renovated and opened the former arcade building just six months before the country went into Covid-19 lockdown.
Now, the Press and Journal says they have announced this summer could be the centre's last unless they can gain more support from the community.
"The position we're in now, after Covid and the increased energy costs, is not looking good for the future of the track," Mr Cruden said.
"To keep the centre open, we need more support."
Sunak says 'definitely' has a chance of being next PM
Rishi Sunak has insisted he still has a shot at Downing Street, despite polls suggesting Liz Truss has a strong lead in the Conservative leadership contest.
He told ITV's This Morning he "definitely" had a chance of victory, while warning his rival's tax-cutting plans risked fuelling inflation.
The former chancellor said his economic approach was "honest" and deliverable.
The BBC says the latest poll of Tory members pointed to 66% backing Ms Truss and 34% supporting Mr Sunak.
The next UK prime minister will be announced on 5 September 5.
Renewables-developer plans ditched
Harland & Wolff has cancelled diversification plans that would see it become a renewables developer, and will focus instead on its core markets of fabrication and maritime work.
Last year, the Belfast-headquartered group had signalled its intention to "identify and establish an entry point into the renewable energy industry as a project developer."
However, following the impact of the pandemic, the firm "took a strategic direction to conserve funds and stick to the core business of shipyards and fabrication and not look at further diversification".
Asked by Energy Voice what impact this would have on the company's operations, a spokesperson said it would retain its developer status for existing projects, but would cease to back further energy projects and instead "keep developing Harland & Wolff as a fabricator for energy project developers".
Starbucks ordered to reinstate staff
A US judge ordered Starbucks to reinstate seven workers in Tennessee who say they were sacked in retaliation for pro-union activity.
It is a victory for labour regulators, who sued Starbucks over the sackings, arguing that restoring the jobs was key to prevent future labour violations.
The BBC says Starbucks denies retaliation and would appeal against the decision.
Judge Sheryl Lipman said regulators had presented enough evidence to suggest labour-law violations had occurred.
She said reinstatement was "just and proper" whilst the claims worked their way through the judicial process, which can take years.
Starbucks dismissed the seven staff members in Memphis in February.
In the months since, organisers for Starbucks Workers United union have accused Starbucks of firing more than 75 pro-union staff across the country, which they allege is part of a wider crackdown intended to stop their movement.
Takeover blocked due to national-security concerns
The UK has blocked the takeover of an electronic design company by a Hong Kong firm because of concerns over risks to national security.
Super Orange HK had sought to acquire Bristol-based Pulsic.
But the UK Government said there was the potential for tools to be exploited "to build defence or technological capabilities".
The Chinese embassy said the UK should provide a fair and "non-discriminatory environment" for Chinese businesses.
The BBC reports the move is the latest attempt to limit Chinese involvement in British businesses and technology.
In 2020, Chinese mobile provider Huawei was banned from the UK's 5G infrastructure over national security concerns, which were denied by the company.
The Government is also reviewing a Chinese-backed takeover of Newport Wafer Fab, Britain's largest microchip factory.