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

Car crushed by tree in Aberdeen, hundreds without power and transport chaos across North and North-east

Storm Boelo continues to caused chaos across Aberdeen, Aberdeenshire, Moray and the Highlands, with thousands of homes losing electricity.

Trains, ferries and flights have been cancelled, while fallen trees have blocking roads and damaged vehicles.

Heavy rain and fierce winds continue to batter the region, with flooding concerns across the north and North-east.

Read The Press and Journal's live story.

Ministers expected to fall in line over Andy Burnham’s Brexit decision

Andy Burnham will demand the loyalty of his ministers if he pushes ahead with plans for a return to free movement and rejoining the EU, despite a cabinet split on the issue.

The prime minister said he wanted an “honest discussion” with the nation on the potential benefits of a return to free movement.

He told The Sunday Times that the nature of immigration had been “different” since Brexit, with more foreign nationals moving permanently to the UK.

Sensors will help reduce wind turbine switch off costs

Britain’s energy system operator hopes to avert a spiralling bill for switching off wind turbines by sending more power through existing overhead lines, using new technology to monitor how much the cables are sagging. 

Fintan Slye, chief executive of the National Energy System Operator (Neso), confirmed that the bill stemming from inadequate cabling capacity was on track to quadruple to as much as £8bn by 2030 but said the new technology could help reduce this sum.

Power lines have fixed safety limits on how much electricity they can carry to prevent them being overloaded, which can result in the metal conductor overheating, expanding and sagging dangerously.

Find out more in The Times.

NatWest faces scrutiny over second alleged Ponzi scheme

NatWest is facing questions over its banking of a second alleged “mini bond” scam after an intervention by the City regulator. 

The bank handled tens of millions of pounds on behalf of a sole trader accountant who, according to allegations from the Financial Conduct Authority, played a key role in a big “Ponzi” scheme.

The bank was already in the spotlight for its relationship with 79th Group, a £250 million investment business that collapsed last year leaving thousands of investors facing heavy losses. 79th Group is being investigated by City of London Police as a “suspected widespread fraud”. 

Read more in The Times.

World politics

Brazil election: Lula re-elected but Bolsonaro refuses to concede

Brazil looks set for a period of deep uncertainty after Luiz Inacio Lula da Silva was declared victor in the country’s presidential election in an apparent stunning comeback from the underdog position, but one which his right-wing challenger has refused to accept.

The veteran left-wing incumbent, known as Lula, was declared the winner by the Brazilian electoral authority on Sunday evening after securing 51.8% of the vote, beating the senator Flavio Bolsonaro, who had 48.2% support. Bolsonaro had been the clear favourite right up to the closing hours before the count.

Speaking to supporters in Sao Paulo, Lula thanked the “generosity of the Brazilian people”, including the young, whom he said “went to the streets to defend Brazilian democracy”.

Read more in The Times.

Celebrations in Serbia after veteran ruler Vučić loses election to student-led protest movement

Serbia's long-standing leader Aleksandar Vučić has admitted defeat to the student-led protest movement in snap parliamentary elections.

"We still do not have final results... it is clear that we have lost these elections," the right-wing populist leader said as he conceded late on Sunday.

Preliminary figures from Serbia's election commission indicated a record high turnout, which commentators had suggested would favour the student movement. Celebrations erupted after Vučić conceded.

Read more from the BBC.

Venezuelan opposition leader María Machado returns after months in exile

Venezuelan opposition leader María Corina Machado has returned home to a fraught political landscape after more than 10 months in exile.

"I am here. With you," Machado wrote on X on Sunday. Her return comes after repeated prior efforts to re-enter the country came to no avail.

In January, a month after Machado left Venezuela on a speedboat under cover of darkness to accept the Nobel Peace Prize in Norway, the US seized her opponent, President Nicolás Maduro.

Read the full BBC article here.

Obama attacks Trump as he campaigns for Democrats ahead of midterm elections

Former US President Barack Obama has attacked the Trump administration over the Iran war and high consumer prices as he hit the campaign trail for Democrats ahead of the US midterm elections.

"This election is our last best chance to at least rein in some of the foolishness of this administration," Obama told crowds in Ohio on Saturday.

Meanwhile, US President Donald Trump touted his administration's immigration and tariff policies at a rally in Georgia, telling supporters "we're in the golden age of America".

Read more on the BBC website.

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