Here are the top business stories making the headlines in the morning newspapers.
Celebrate Aberdeen event returns
A parade that brings thousands of people to the streets of Aberdeen will make a long-awaited return this summer.
Celebrate Aberdeen will gather hundreds of charities, voluntary groups and social enterprises once again to highlight the important work they do for the North-east.
The Press and Journal says people are expected to flock to Union Street for the third edition of the popular parade on August 27 after a two-year break due to the pandemic.
As well as third-sector organisations, the event will feature youth groups, sports clubs and music, dance, and entertainment groups.
The annual Celebrate Aberdeen Awards will also make a return three weeks later at P&J Live on September 17.
Celebrate Aberdeen volunteer Emily Findlay said: "We consulted with many of the participating groups to get their views on starting up again this year, and the answer was a resounding 'yes'.
"The work these groups and organisations has done over the past couple two years has been invaluable in helping so many people get through the pandemic and there is a real appetite for people to come together to recognise and to celebrate this."
'Old Tom Morris' golf trail to boost tourism
A new Scottish golf trail named after legendary course designer "Old Tom Morris" is expected to boost North and North-east tourism.
Players from far and wide can follow a route showcasing the work of Mr Morris, also known as "the grand old man of golf", who was born in St Andrews in 1821 and also died in the sport's spiritual home in 1908.
The Dundee Courier says all 18 courses on the trail, which starts at Askernish on South Uist, in the Outer Hebrides, and ends at Machrihanish on the Mull of Kintyre, were either designed or enhanced by Old Tom.
VisitScotland has backed the initiative, with the national tourism body seeing it as an ideal way of boosting golf tourism and helping to lure more visitors to Scotland, while also providing the perfect excuse for this country's golfers to get out and about more.
The new trail is the brainchild of Aberdeen-based luxury golf holiday specialist Bonnie Wee Golf, whose managing director, Dave Harris, said: "Old Tom Morris was such a huge figure.
"What better way to pay tribute to the legend than to create a unique trail in his honour?"
Recruitment drive for reopening Aberdeen hotel
An Aberdeen city centre hotel has changed hands and is poised for a new lease of life, with up to 20 new jobs, after "temporarily" shutting more than two years ago.
Thai company Compass Hospitality said Rox Hotel on Market Street was its seventh in Scotland and part of UK expansion plans.
The firm now has 17 sites in Britain, according to the Press and Journal.
Rox - formerly known as the Metro and before that the Bon Accord - was acquired for an undisclosed sum through a joint venture between Compass and Singapore-based Seacare Hospitality.
It is more than 13 years since Aberdeen businessman John Mitchell unveiled plans to convert the Metro, which he had acquired from his brother, George, two years earlier, saying he was ploughing "a few million pounds" into creating a four-star establishment.
The eight-storey hotel previously belonged to Syrian businessman Jamie Dikir and before him Buchan farmer Joseph Penny.
Bangkok-based Compass said that Rox may reopen as early as next week "all going well".
Rox closed in March 2020 at the outset of the CV19 pandemic and was swiftly put on the market with a £2 million price tag.
European countries still buying Russian oil are strongly criticised
Ukrainian President Volodymyr Zelensky has accused European countries that continue to buy Russian oil of "earning their money in other people's blood".
In an interview with the BBC, President Zelensky singled out Germany and Hungary, accusing them of blocking efforts to embargo energy sales, from which Russia stands to make up to £250billion this year.
There has been a growing frustration among Ukraine's leadership with Berlin, which has backed some sanctions against Russia but so far resisted calls to back tougher action on oil sales.
"Some of our friends and partners understand that it is a different time now - that it is no longer an issue of business and money," Mr Zelensky told the BBC from his situation room in Kyiv on Thursday. "That it is an issue of survival."
Investigation into energy suppliers
Energy suppliers are to be investigated by the industry watchdog over claims they have been overcharging customers amid a surge in prices.
Ofgem, the market regulator, said that there have been "troubling signs" that some companies have increased households' direct debits by more than necessary to cover a rise this month in the price cap, which surged by 54% to £1,971.
Some businesses may also have been directing customers to tariffs that are not in their best interests, it said.
The Telegraph says charging customers more than strictly necessary allows suppliers to build up a cash buffer in case wholesale prices surge again in the wake of the Ukraine crisis.
The practice is banned because it is unfair to the consumer.
Ofgem is now launching a series of reviews to assess whether energy retailers are complying with requirements on how direct debits are handled and how much they are holding in customer credit balances.
Low bids for NFT of Jack Dorsey's first tweet
The buyer of a non-fungible token (NFT) of Twitter co-founder Jack Dorsey's first tweet says he "may never sell it" after receiving a series of low bids.
Malaysia-based Sina Estavi has been offered less than £5,000 - only about 0.2% of the £2.2million he paid for it.
Mr Estavi has compared the digital asset to Leonardo da Vinci's Mona Lisa, says the BBC.
The tweet, which says "just setting up my twttr," was first posted in March 2006 and was auctioned off last year by Mr Dorsey for charity.
Mr Estavi bought the tweet in the form of a NFT in March 2021.
NFTs have been touted as the digital answer to collectibles. However, they have no tangible form of their own, and experts have warned about risks in the market.