Here are the top business stories making the headlines in the morning newspapers.

Low-emission zone in Aberdeen starts

Aberdeen's controversial low-emission zone will formally be introduced tomorrow after the Scottish Government approved the city council's plans.

However, no fines for any vehicles entering the zone that do not meet emissions criteria will be issued until 2024.

The zone will cover all of Union Street, and extend from Albyn Grove in the west of the city centre, to Commerce Street in the east.

Low-emission zones are being implemented in Aberdeen, Dundee, Glasgow and Edinburgh to improve air quality in the four cities.

Aberdeen City Council intends for the zone to come into full effect in June 2024.

New visa scheme for graduates eyeing the UK

Graduates from the world's top universities will be able to apply to come to the UK under a new visa scheme.

The UK Government says the "high potential individual" route, which opens today, will attract the "brightest and best" early in their careers.

The scheme will be available to alumni of the top non-UK universities who graduated in the past five years.

Graduates will be eligible regardless of where they were born and will not need a job offer in order to apply.

Successful applicants will be given a work visa lasting two years if they hold a bachelor's or master's degree, and three years if they hold a PhD.

The BBC says they will then be able to switch to other long-term employment visas if they meet certain requirements.

New Homebase in Aberdeen gets green light

A new Aberdeen Homebase has been approved, with council chiefs dismissing pleas to enforce tight rules on the store.

The old DW Sport and Fitness venue, which shut in August 2020, will be transformed under the scheme to breathe new life into the Beach Boulevard Retail Park.

The Press and Journal says it comes after it was revealed in February that a deal had been struck between retail park owner Standard Life Assurance and Homebase - pending planning permission.

Since then, however, the Bon Accord Centre approached the council to suggest some limits should be placed on the rival outlet.

The owner of the city-centre mall said "any approval on the site should be carefully conditioned so as to control its possible size, function and impact".

It wanted limits imposed on the possible floorspace and on what could be sold there - with rules restricting products to "bulky goods" such as "DIY and household furnishings".

But Aberdeen City Council waved away the representation as officials rubber-stamped the Homebase plans.

Shanghai lockdown measures ease

Authorities in Shanghai have announced that some Covid-19 lockdown measures imposed on businesses will be lifted from Wednesday.

Plans have also been introduced to support the city's economy, which has been hit hard by the restrictions.

The BBC says that the commercial centre has been under a strict lockdown for almost two months.

Meanwhile, China's capital Beijing has reopened parts of its public transport system as well as some shopping malls and other venues as infections ease.

Importance of energy security for politicians

Recent months have underlined that energy security "still trumps" sustainability in the minds of politicians, the head of a trade body has claimed.

Dan McGrail, chief executive of RenewableUK, said the "dark clouds of war" in Europe had galvanised Westminster in a way that the COP26 climate conference did not.

Energy Voice says that Russia's invasion of Ukraine in February skyrocketed energy security to the top of many government agendas.

Mr McGrail was speaking at the Southern North Sea conference in Norwich.

Chelsea's £4billion-plus sale today

The Chelsea football club sale is expected to be completed today after a "final and definitive agreement" was reached with the consortium led by Todd Boehly.

The Premier League and UK Government have approved the £4.25billion takeover.

Chelsea were put up for sale in March before owner Roman Abramovich was sanctioned over his links to Russian president Vladimir Putin.

The BBC says the club has been operating under a special government licence which expires tomorrow.

Abramovich, who bought Chelsea in 2003, said: "As I hand over Chelsea to its new custodians, I would like to wish them the best of success - both on and off the pitch.

"It has been an honour of a lifetime to be a part of this club - I would like to thank all the club's past and current players, staff, and of course fans for these incredible years."

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