Here are the top business stories making the headlines in the morning newspapers.

Council considers 30mph limit on A92

A 30mph speed limit could be put in place on the A92 between the Bridge of Dee and the Bridge of Don in Aberdeen.

Aberdeen City Council is currently working on efforts to improve transport links along what’s called the A92 transport corridor.

The corridor goes all the way from Stonehaven to Aberdeen, but next week the council will be looking at proposals for just the northern section of it.

This section extends all the way north from Garthdee, along South Anderson Drive and North Anderson Drive, across the River Don and east along the Parkway to the middle of the community of the Bridge of Don.

Following consultation work earlier this year, The Press & Journal says officers have now come back with a list of 16 options for councillors to consider which could change how everyone journeys along the A92, not just motorists.

Mortgage costs soar in US

The cost of a typical mortgage in the US has hit its highest level since the 2008 financial crisis as the country battles to rein in soaring prices.

The BBC says the average interest rate on a 30-year mortgage hit 6.02% this week - more than double what it was a year ago.

For families hoping to buy a home, the moves compound affordability problems.

The rise comes as the US central bank aggressively raises rates in an effort to reduce the pressures driving up inflation across the economy.

US consumer prices rose by 8.3% in the year to August, the fastest rate in almost 40 years, the Labor Department said this week.

Global recession fear

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said.

Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, it said.

Raising rates makes borrowing more expensive to try to bring down the pace of price rises.

But it also makes loans more costly, which can slow economic growth.

The BBC says the warning from the World Bank comes ahead of monetary policy meetings by the US Federal Reserve and Bank of England next week.

Petrofac lands contract extension

Petrofac has secured a three-year contract extension with Serica Energy, covering maintenance services at its northern North Sea assets.

The deal will see the London-listed oilfield services group continue to provide maintenance execution, consultancy and metering services to Serica's Bruce platform complex, which processes production from its Bruce, Keith and Rhum assets - also known as BKR.

Serica is an owner and operator of the Bruce (98%), Keith (100%) and Rhum (50%) assets which consist of over 25 wells, three bridge-linked platforms and extensive subsea pipelines and infrastructure that tie-in Rhum, Keith and the western area of Bruce to the Bruce facilities.

First begun in 2018, Petrofac's contract was expanded in 2019 to include metering engineering services using dedicated onshore and offshore personnel.

Energy Voice says the value of the extended contract was not disclosed.

Partnership between American rapper and retailer is over

The rapper Kanye West is to end a once-celebrated partnership with the retailer Gap, which had hoped the collaboration could breathe new life into its brand.

Mr West accused the firm of failing to honour terms of the deal, including by failing to open standalone stores for his Yeezy fashion label.

The agreement with Mr West, who goes by Ye, was hailed as potentially transformative when announced in 2020.

But there have been signs of strain.

The first item produced under the partnership, a £173 puffa jacket, did not go on sale for a year. That led to reports that Gap was frustrated by the slow rollout of Yeezy products.

Mr West, meanwhile, has repeatedly criticised the company on social media, accusing it of copying his designs, excluding him from meetings and ignoring his requests to join the board.

Gap, which has faced its own internal struggles including the firing of its chief executive this summer, declined to comment.

But in an e-mail to staff seen by the BBC, its president and chief executive Mark Breitbard said that while Gap and Yeezy shared many values, "how we work together to deliver this vision is not aligned".

He added: "Important to know is that throughout this partnership, we have upheld our commitments - and the teams have done so with the utmost integrity, navigating obstacles and demonstrating incredible resolve."

Record price for sporting memorabilia

A jersey worn by basketball icon Michael Jordan during the opening game of the 1998 NBA Finals has been sold for a record $10.1million (£8.8million).

The BBC says this is the most a piece of sporting memorabilia has fetched in history.

Auction house Sotheby's says the item drew "palpable excitement" from sports fans and collectors.

It was reminiscent of a sporting season - chronicled in Netflix documentary The Last Dance - which saw Jordan winning his sixth and final NBA title.

On Thursday, Sotheby's said Jordan's Chicago Bulls jersey attracted a total of 20 bids.

Sotheby's head of streetwear and modern collectables, Brahm Wachter, said bidders were "eager to own a rarefied piece of history".

The jersey outstripped a previous record of $9.28million, paid for a shirt worn by football star Diego Maradona at the 1986 World Cup.

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