Here are the top business stories making the headlines in the morning newspapers.
Scottish finances hit by pandemic
Scotland's public spending deficit fell to £23.7billion last year as the country's finances continued to be hit by the Covid pandemic.
Scottish Government statistics showed that total public spending dropped to £97.5billion.
Income from taxes rose by £11billion to £73.8billion - leaving a gap between spending and revenue equating to 12.3% of Scotland's GDP.
The BBC says the deficit for the UK as a whole over the same period was 6.1% of GDP.
The annual Government Expenditure and Revenue Scotland (Gers) report said that overall spending "for the benefit of Scotland" by the Scottish Government, UK Government and other public-sector bodies fell from £98.5billion to £97.5billion last year - the largest ever drop in public expenditure.
This was equivalent to £17,793 per person - which is £1,963 per person greater than the UK average.
Foinaven work expected to go to Denmark
The Foinaven floating production vessel is to be sent to Denmark for decommissioning, Energy Voice understands, as UK yards miss out on the work.
Industry sources have confirmed the ship will head across the North Sea for dismantling.
It is understood the vessel will be going to the MARS facility at Frederiskhavn.
The ship operated off Shetland for BP for 25 years.
Its current owner Teekay did not responded to a request for comment, nor did the MARS facility.
No Russian fuel
The UK imported no fuel from Russia in June for the first time on record, according to official figures.
Imports of goods from Russia also fell to £33million in June, the lowest level since records began in 1997, the Office for National Statistics said.
Western nations have imposed strict sanctions on Russia since it invaded Ukraine in February.
The BBC says fuel imports from Russia fell by £499million - or 100%.
Plugging gap in UK gas supplies
A conveyor belt of potential gas projects can plug a gap in UK supplies and may help tackle soaring household bills.
That was the message from the chairman of Deltic Energy as the North Sea oil and gas explorer unveiled first half results.
It came the same day trade body Offshore Energies UK revealed companies have stepped up to the plate in recent months to help the UK cut its dependence on imports.
The Press and Journal says domestic production in the first half of 2022 was 26% higher than the same period in 2021.
British Gas to aid customers
British Gas is to donate 10% of its profits to help customers cope with soaring bills for the "duration of the energy crisis".
Its owner, Centrica, says the money will go into an existing support fund - trebling help available this winter for the poorest customers.
The firm, which has seen huge profits this year, said thousands of households would get grants of £250-£750.
But the BBC says this is a fraction of the support needed to tackle the crisis nationally.
Call for £15 an hour minimum wage
The minimum wage in the UK should rise to £15 an hour "as soon as possible", says the Trades Union Congress.
This rate should apply to workers of all ages, instead of the current lower rate for under-23s, it said.
The minimum wage is £9.50 an hour for workers over the age of 23 and £9.18 for 21 and 22 year olds.
The UK Government said raising the minimum wage could push unemployment up.
Prices are rising at their fastest rate in 40 years, driven by higher food, fuel and energy costs.
Frances O'Grady, general secretary of the TUC, told the BBC: "Every worker should be able to afford a decent standard of living.
"But millions of low-paid workers live wage packet to wage packet, struggling to get by - and they are now being pushed to the brink by eye-watering bills and soaring prices."
Repsol sued for billions over Peru oil spill
Peru's consumer protection agency is suing Spanish oil firm Repsol over a huge oil spill which blackened beaches off the coast of Lima in January.
The incident, which Peru called the worst ecological disaster around Lima in recent memory, leaked more than 10,000 barrels into the Pacific Ocean.
The civil lawsuit seeks $3bn (£2.54bn) for environmental damage and $1.5bn (£1.27bn) for damages to locals.
The BBC says Repsol has denied responsibility.