Here are the business stories making the headlines across Scotland and the UK this morning.
Lufthansa cuts 20,000 summer flights as fuel prices surge
German airline Lufthansa will cut 20,000 European short-haul flights over the summer, saying soaring fuel prices have made many journeys "unprofitable" for the firm.
Jet fuel has doubled in price since the start of the US-Israel war with Iran as the conflict has slowed its production and transportation across the Middle East.
Several airlines, including KLM-France and Delta, have also temporarily cut some flights while others have raised ticket prices as they pass on expenses to customers.
Government borrowing falls by £20bn in year to March
UK government borrowing fell by almost £20billion last year, according to the latest official figures.
Borrowing, the difference between spending and income from taxes, was £132billion in the year to March, the Office for National Statistics said.
The total was slightly below the £132.7billion that had been predicted by the government's independent forecaster, the Office for Budget Responsibility (OBR).
AI is flattening the jobs market for young people, says Sunak
Artificial intelligence (AI) is flattening the jobs market for young people and governments should eliminate National Insurance to make hiring workers more attractive, former Prime Minister Rishi Sunak has told the BBC.
Sunak, now an adviser to AI firm Anthropic and Microsoft, said while he is an enthusiast for the transformative impact of AI, he said concerns from graduates looking for entry level jobs were justified.
He said company bosses were privately acknowledging to him that recruitment of young people is flattening because of the technology.
JD Sports chairman unexpectedly steps down amid ongoing revamp
The JD Sports chairman, Andy Higginson, is stepping down unexpectedly after nearly four years in the role.
Higginson, a veteran retailer who joined in 2022, will be replaced as non-executive chair on an interim basis by Darren Shapland, a board member, after the company’s annual general meeting in July.
Shares in Britain’s largest sportswear retailer declined by as much as 4% in early trading on news of the departure, which comes in the midst of efforts to turn around JD Sports after a tough few years.