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

Crypto industry suffers 'largest bank heist in human history' as billions stolen in Binance hack

Cryptocurrency worth more than $6.3bn (£4.7bn) has been stolen from a major exchange - with one industry insider telling Sky News it is "the largest bank heist in human history".

The security exploit targeted Binance, one of the world's biggest platforms for trading digital assets, which said it is establishing the facts with urgency.

Deposits and withdrawals have been suspended for customers - with the company insisting that user funds are safe, and all hacking losses will be covered.

Inside UK Labour government’s north-east carbon capture funding ‘shambles’

he UK Government has been accused of a “spectacular shambles” after tying itself in knots over funding for a long-awaited north-east energy scheme.

After 24 hours of confusion, officials confirmed the goalposts have moved on how the £200m pledged for the Acorn project at St Fergus near Peterhead will be provided.

Some of the money has been paid as grants, but the remainder will come through government loans or equity investment.

Read more in The Press and Journal.

Burnham 'ready to support' Poundland staff as retailer faces collapse

Andy Burnham has said the government is "ready to support" Poundland staff as the retailer teeters on the brink of collapse.

The prime minister called for answers over why an offer to buy the business from its current owners, which would have protected jobs, was rejected.

"This is a deeply worrying time for Poundland staff and their families," Burnham told the BBC.

Offshore workers turn to weight-loss jabs to meet helicopter weight rules

Hundreds of offshore workers have been using weight-loss jabs to help meet maximum weight rules for helicopter flights due to come into force next week.

From Sunday, anyone weighing more than 19st 7Ib (124kg) in civilian clothing and footwear will be banned from taking a flight to an offshore platform covered by UK safety regulations.

When the new rules were announced last year, about 2,200 workers were over the limit but that figure has now fallen to fewer than 250, according to Offshore Energies UK (OEUK).

Read the BBC article here.

Aberdeen hospitality boss slams failure to cut costs of doing business

Aberdeen hospitality boss Allan Henderson has described the failure to cut VAT for the sector in yesterday’s Budget as “disappointing”.

However, the managing director of Granite City’s McGinty’s group, which operates nine venues across the city, welcomed the decision to limit the increase in national minimum wage rates for workers under 21 to 3.9%.

He would now like to see Scotland’s share of the additional funding passed to Holyrood used to replicate some of the measures aimed at supporting hospitality businesses in England.

Read more in The Press and Journal.

Google value plunges by $500bn as AI fears rattle Wall Street

Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on its business operations.

Google spooked investors so badly that its stock hit a six-month low, after it revealed its artificial intelligence (AI) summaries on search were affecting ad revenue.

Microsoft and Amazon also updated investors this week, and joined Google in plans to keep spending astronomical sums of cash in an ongoing AI race.

Read more on the BBC website.

DoorDash to buy Instacart in $17bn deal it says will expand customer options

DoorDash will acquire grocery delivery firm Instacart in a $17bn (£12.8bn) deal, creating a behemoth that will bring more meals, quick-need purchases and big weekly shops directly to customers.

DoorDash said the deal, expected to be final in about a year, will expand options for customers and let more sellers use the companies' services.

Instacart shoppers will be able to buy from 150,000 stores, up from the current 100,000, while DoorDash will reach beyond restaurants into retail, the firms said.

Read more from the BBC.

More like this…

View all