Here are the top business stories making the headlines in the morning newspapers.
Eurovision shortlist tomorrow
The Granite City will find out tomorrow if it has made the shortlist of UK cities bidding for Eurovision.
An announcement is expected on which of the several UK arenas hoping to host the prestigious event on behalf of Ukraine - including P&J Live - will officially be in the running.
Louise Stewart, interim managing director of the Aberdeen venue, said: "We have our fingers crossed we will be shortlisted to host Eurovision.
"We fit the criteria and we have a fantastic venue."
Eurovision organisers would take over the successful venue for six to eight weeks in the run-up to the finals in May, which would mean current bookings would need to be moved.
The Press and Journal says business leaders previously said being selected as host would put the Granite City on the map as a top tourist and leisure destination.
'No power' for independence referendum
The Scottish Parliament "plainly" does not have the power to set up an independence referendum, UK Government law officers have argued.
The Supreme Court is to look at whether MSPs can legislate for a vote without Westminster's backing in October.
The Scottish Government has argued that any vote would be "advisory" and would not directly break up the union.
But UK law officers said there was "no secret" that Scottish ministers would want the vote to lead to independence.
Papers published on Wednesday said a referendum was "not designed to be an exercise in mere abstract opinion polling at considerable public expense", and it would clearly be used to push for "the secession of Scotland" from the UK.
The BBC says judges will hear arguments at the court in London on October 11 and 12.
Energy bills could rise before October
Energy bills could increase ahead of the expected rise in October, the UK's energy regulator has revealed.
Ofgem and industry body Energy UK said it was "possible" for suppliers to raise customers' direct debits before the new cap on energy prices kicks in.
Any rises would be to help spread the cost of higher energy use in the winter months, Ofgem said.
The BBC says households have been warned of sharp rises in energy prices, with average bills forecast to reach £4,200 in 2023.
Pound rises against dollar
The pound jumped on Wednesday after a better-than-expected US inflation report spurred expectations the Federal Reserve will slow the pace of interest rate hikes.
Sterling jumped as much as 1.6% in afternoon trading, after data showed US consumer prices rose 8.5% in the year to July, a fall on June's 9.1% reading.
The pound was trading at around $1.22 earlier today.
The Telegraph says the slowdown, which was sharper than expected, sparked hopes that America may have passed the peak of the worst inflationary storm since the 1980s. The drop was driven by a sharp decline in road fuel prices.
President Joe Biden seized on the figures, saying: "We're seeing some signs that inflation may be beginning to moderate."
Traders adjusted their expectations for the Fed's future interest rate path following the reading. Markets are now pricing in a 0.5% point increase at next month's meeting, rather than the 0.75% rise previously predicted.
A smaller increase would ease pressure on the Bank of England, which has faced calls to support the pound by trying to match the Fed's pace in increasing rates. Central bank rate rises tend to strengthen domestic currencies by making them more lucrative to hold.
Big share sale by Elon Musk
Tesla boss Elon Musk has sold another 7.92million shares in the electric car maker, worth around £5.65billion.
The BBC reports that the sales took place after the firm's annual shareholder meeting last week, regulatory filings show.
Mr Musk says he needs the money in case he is forced to buy Twitter for £36billion.
The multi-billionaire is currently embroiled in a legal battle with the social-media platform after saying last month he would pull out of a deal to buy it.
After news of the share sale was made public Mr Musk responded to a tweet asking whether he had finished selling Tesla shares with "yes", adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal.
"It is important to avoid an emergency sale of Tesla stock," he said.
Millions more sign-up for Disney streaming
Disney has defied fears of a slowdown in the streaming market with a big jump in the number of new sign-ups to its Disney+ service.
The Marvel and Star Wars producer added 14.4million customers to Disney+ in the quarter ending on July 2, taking total sign-ups to 221million.
The Telegraph says it marked a significant acceleration on the 7.9million who joined in the second quarter. Wall Street analysts had forecast an extra 10million Disney+ subscribers.
Disney said it would launch a new ad-funded version of its service, competing with a similar offering in the works from rival Netflix, and announced price rises.
The entertainment giant posted a 26% jump in group revenue to £17.65billion in the second quarter, with profits doubling to £1.72billion.