Here are the top business stories making the headlines in the morning newspapers
Sunak warns over funding for Aberdeen's new market
The Chancellor has warned councillors that £20million in funding for Aberdeen's new market could be on the line - if Union Street is not pedestrianised.
Rishi Sunak told the Press and Journal there would be a "conversation" between UK and city officials about the cash.
Levelling up funding for the redevelopment of the BHS site on the Granite Mile was announced last October.
As well as promising the market, the city's application pledged there would be "some pedestrianisation".
The return of buses and taxis to Union Street central last week came as city planners once again encouraged councillors to back full pedestrianisation.
A decision could be taken on Wednesday.
Ross says no to ‘pretend referendum’
Scottish Conservative leader Douglas Ross has said he will not take part in a "pretend referendum" if Nicola Sturgeon continues with plans for a second vote on Scottish independence.
The BBC says he accused her of playing "games" and said there were more important issues facing the country.
The first minister is to set out details tomorrow of how she plans to hold a second referendum.
Councillors to discuss Aberdeen garden
The future of the garden containing the Piper Alpha Memorial is to be discussed at a full Aberdeen city council meeting on Wednesday.
Last month, the Pound for Piper Trust announced plans for a £500,000 redevelopment of the gardens which commemorate those impacted by the disaster, including the 167 men who lost their lives.
The charity, which was set up in 2012 to help maintain the memorial, said the revamp would make the garden appealing all year around as well as offer a larger area allowing a 360-degree view of the famous monument and improved access.
However, the Press and Journal says concerns have been raised over a lack of consultation with families affected by the tragedy and what had been perceived as a "renaming or rebranding" of the site.
PwC staff to get 9% pay jump
Thousands of PwC staff are to get a 9% pay rise in response to rising living costs and a competitive recruitment market, the accountancy giant has said.
The company said half of its more than 20,000 employees in the UK would get an increase of at least 9%.
The BBC says that, with vacancies at a record high, many firms are offering pay rises to attract and retain staff.
But ministers have warned big salary rises could further fuel price rises.
BP tax payment
Energy giant BP paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the company's latest payments to governments report.
The company paid just over $127million (around £103million) to the UK's HM Revenue and Customs, Crown Estate and Oil and Gas Authority.
Energy Voice explains that BP, like other oil and gas producers in the UK, often don't pay tax on their North Sea businesses because of losses tied to investments in fields.
Mackay defends ferry-contract decision
Former minister Derek Mackay has defended his decision to award a controversial ferry contract without the normal financial safeguards.
Mr Mackay was transport minister when Ferguson Marine was awarded a contract to build two new ferries in 2015.
An Audit Scotland probe was unable to establish why the £97million order was given to the yard without the usual guarantees.
Mr Mackay said he understood the risks identified had been resolved.
The BBC says the two ships, which are still being built at the Port Glasgow yard, will be at least five years late when they finally come into service and costs have risen hugely to £250million.
North Sea rigs sale
Noble Corporation and Maersk Drilling have signed a £305million deal to sell-off several North Sea rigs, in a move which could address competition concerns.
The UK Competition and Markets Authority opened an investigation in February into the proposed merger of Maersk and Noble, concerned about a "substantial lessening of competition".
However, the watchdog said last month that it was assessing whether it could approve the deal given the pair's intent to sell off several "remedy rigs".
Energy Voice says they have now struck a deal for those vessels to be acquired by a newly-formed subsidiary of Dubai-based Shelf Drilling.
They are selling the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and the Noble Lloyd Noble.
Associated offshore and onshore staff are expected to transfer with the rigs.
Russia default on overseas debt
Russia has defaulted on its overseas debt for the first time in more than a century after missing a Sunday deadline.
Russia has the money to make a $100million (£81million) payment and is willing to pay, but sanctions made it impossible to get the payments to international creditors.
The Kremlin had been determined to avoid the default, which is a major blow to the nation's prestige.
The Russian finance minister branded the situation "a farce", but it will have few immediate practical consequences.
The BBC says defaulting nations usually find it impossible to borrow any more money, but Russia is already effectively barred from borrowing in Western markets by sanctions.