Here are the business stories making the headlines in the North-east and across the country this morning.

Harbour Energy restructures Aberdeen office estate

North Sea oil and gas giant Harbour Energy is consolidating its Aberdeen office footprint across two sites at Prime Four after striking a deal to move into a second building at the business park.

Property agent Knight Frank said the letting completed a “grand slam” of recent deals it has played a key role in to help secure new space for energy majors in the Granite City.

London-listed Harbour is the UK offshore oil and gas industry’s biggest producer.

It has secured 34,000sq ft. of Grade A office space at Prime Four, in Kingswells.

Tax cut promises may need to be rolled back - IFS think tank

Promises of tax cuts during general election campaigns may have to be rolled back as the UK economy faces some of its worst problems since the 1950s, a leading think tank has said.

"Tax cuts today add to the risk of tax rises or spending cuts tomorrow," the Institute for Fiscal Studies said.

Politicians need to be honest about tough economic trade-offs, it added.

But the Treasury said the economy was turning a corner, and that growth would mean more funding for public services.

Tesla warns of 'notably lower' sales growth in 2024

Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging demand.

Elon Musk's electric vehicle (EV) maker said growth would be "notably lower" than in 2023, when deliveries rose 38%.

The company's shares fell by almost 6% in extended trade in New York after the announcement.

Mr Musk also warned that Chinese rivals "will pretty much demolish most other car companies in the world" unless trade barriers are put in place.

Apple scales back electric car plans after pushing back launch date

Apple has pushed back the launch date for its long-rumoured electric vehicle and scaled back its self-driving features as the iPhone maker struggles with the shift from gadgets to cars.

The Californian tech giant has delayed its internal target to launch a car from 2026 to 2028, according to Bloomberg. The vehicle will also have fewer advanced autonomous driving capabilities than first hoped.

The revisions come as Apple finds the push into cars more challenging than it initially hoped.

Known internally as Project Titan, Apple has been working on the secretive electric car project since 2014. The company has spent hundreds of millions of dollars on development, according to reports, but is yet to come up with a prototype.

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