Here are the business stories making the headlines across Scotland and the UK this morning.

SNP may back Tory bill to ban foreign nationals from Holyrood amid spy fears

The SNP could back a ban on foreign nationals standing for election over fears the current situation opens the door to foreign spies winning Holyrood seats.

The Scottish Tories want to introduce a Right to Stand Bill at Holyrood, which would mean only British nationals and those with permanent leave to remain would be able to become candidates for elected office.

The row follows Q Manivannan, an Indian national, winning election to Holyrood in May for the Scottish Greens while in the UK on a student visa. Manivannan has since been approved for a graduate visa until 2029 but as it stands the MSP will be forced to leave Britain before the parliamentary term ends in 2031.

Read more in The Times.

Record sales for Aberdeen firm making its mark with branded merchandise

An Aberdeen firm that produces branded clothing and promotional merchandise is on track to achieve revenues of £1million for the first time.

Concept Promotional Merchandise was founded in 1998 by Bob Christie, who still owns and runs the business.

It specialises in a wide range of products, from branded workplace clothing to branded corporate gifts.

Read more in The Press and Journal.

FBI seizes $1.2bn stolen in Binance cryptocurrency hack

The FBI has seized more than $1.2bn (£910m) of cryptocurrency stolen from Binance last month. 

Assets worth more than $6.3bn (£4.7bn) were stolen from the cryptocurrency platform, in what has been described as one of the "largest bank heists in human history".

US authorities have said a North Korean hacking unit called TraderTraitor was responsible for the theft, which was reportedly competed in less than 20 minutes.

Read more from Sky News.

Law on consent needs to change, say MPs and campaigners

Men over a certain age should be banned from having sex with 16 and 17-year olds under a staggered consent law, Labour MPs and the victims commissioner have suggested.

Claire Waxman, the victims commissioner, said there needed to be “serious conversations” about changing the law to protect teenagers from exploitation when there was a significant age gap in a sexual relationship.

Lucy Beaumont, the comedian who helped expose allegations against David Walliams, called for a staggered age of consent that would prevent adults from having sexual relationships with significantly younger teenagers.

Read The Times' story here.

Inside Kittybrewster Bar as regulars make emotional return to reopened Aberdeen pub

Three pals who struck up a friendship over pints three decades ago reunited as The Kittybrewster Bar reopened on Thursday.

Andy Clark, Jim Reekie, and John (who didn’t want to give his surname) were regular punters at the pub prior to its sudden closure in February.

The decision “rumbled” the community, leaving many deflated.

Read the full story in The P&J.

More like this…

View all