Here are the top business stories making the headlines in the morning newspapers.
More than 100 bids for transition cash
Scottish ministers have received 102 bids for cash from a multi-million pound fund set up to help the north-east transition away from oil and gas.
A total of £20million will be released to projects across the north-east and Moray in the current financial year from a £500million pot to be spent over the next decade.
The application window for the first year of this fund closed in July, with successful applicants informed of the outcome earlier this month. It is understood an official announcement will be made imminently.
The cash is not exclusively aimed at the energy industry and will be used to support projects from across a range of sectors.
The Press and Journal revealed earlier this month that the Campaign for North East Rail could receive up to £250,000 after success with its bid for funding.
The group applied for £80,000 to £250,000 to fund a new feasibility study examining its plans to reopen Peterhead and Fraserburgh rail links.
Management changes at CHC
An abrupt management shake-up at North Sea helicopter operator CHC has been reported by Energy Voice.
Changes have been made across the European business, particularly in Norway and the UK, in recent days.
All of CHC's Norwegian flights - bar search and rescue - were grounded on Tuesday after country manager Per Andre Ryhkus suddenly stood down.
The operator has also confirmed changes in Britain. At its CHC Scotia subsidiary, the Europe, Middle East and Africa head Mark Abbey, general counsel Kate Standring and financial planning and analysis director Roy Middleton have been terminated as directors.
Record sales for Vardy
Scottish car dealer Peter Vardy saw record sales last year as demand for vehicles outstripped supply.
Turnover for the North Lanarkshire-based group reached £572million, while pre-tax profits climbed to £26.1million.
Vardy said demand and prices for new and used cars "tipped sharply upwards" after vehicle manufacturing was hit globally by the pandemic in 2020.
The BBC says the group operates CARZ supermarkets in Aberdeen, Dundee, Edinburgh, Glasgow, Kirkcaldy, Motherwell and Perth.
It also runs five franchised dealerships selling Jaguar, Land Rover, Porsche, BMW and Mini vehicles and a classic car dealership.
Disagreement about home-working productivity
A major new survey from Microsoft shows that bosses and workers fundamentally disagree about productivity when working from home.
While 87% of workers felt they worked as, or more efficiently, from home, 80% of managers disagreed.
The survey questioned more than 20,000 staff across 11 countries.
Microsoft chief executive Satya Nadella told the BBC this tension needed to be resolved as workplaces were unlikely to ever return to pre-pandemic work habits.
"We have to get past what we describe as 'productivity paranoia', because all of the data we have that shows that 80%-plus of people feel they're very productive - except their management thinks that they're not productive.
"That means there is a real disconnect in terms of the expectations and what they feel."
Bank warns on recession
The Bank of England yesterday raised the interest rate from 1.75% to 2.25% - the highest level for 14 years - and warned the UK may already be in a recession.
The central bank had previously expected the economy to grow between July and September, but it now believes it will shrink by 0.1%.
It is the Bank's seventh rate rise in a row as it tries to tame soaring prices.
The BBC says it takes borrowing costs to their highest since 2008, when the global banking system faced collapse.
Tesla in recall over windows
Tesla is recalling nearly 1.1million cars in the US because the windows might close too fast and pinch people's fingers.
Documents produced by American regulators show the windows may not react correctly after detecting an obstruction.
The National Highway Traffic Safety Administration says it is a safety-standards violation.
Tesla says a software update will fix the problem.
The BBC says the world's largest electric-vehicle manufacturer has had repeated run-ins with federal safety regulators, whom chief executive Elon Musk calls "the fun police".
Concern over Amazon carbon emissions
Carbon emissions in the Amazon region in 2019 and 2020 more than doubled compared to the average of the previous eight years, according to a new study.
Deforestation for agriculture and fires were the main drivers of the increase, according to the authors.
The scientists say that a "collapse" in law enforcement in recent years has encouraged forest clearing.
The BBC says that, as home to the largest tropical forest on Earth, the Amazon plays a critical role in maintaining the Earth's climate by storing massive amounts of carbon in trees and soils.