Here are the business stories making the headlines across Scotland and the UK this morning.
US and Iranian presidents sign deal aiming to end war
The presidents of the US and Iran have signed an initial peace deal aiming to end the war, allowing it to immediately take effect.
The agreement includes reopening the Strait of Hormuz, a $300billion (£224billion) plan for Iran's "reconstruction", and the US terminating "all types of sanctions" on Iran.
But the issue of Iran's nuclear programme, the main reason stated by the US for the conflict, is still to be negotiated over an extendable 60-day period.
Interest rates expected to be held by Bank of England
Interest rates are expected to be held by policymakers at the Bank of England (BoE) who are keeping a close eye on events in the Middle East.
The Monetary Policy Committee (MPC) is widely predicted by analysts to keep the benchmark rate at 3.75% for a fourth consecutive meeting.
The UK inflation rate remains above target but has not risen as high as many had feared given the upheaval caused to economies across the world by the US-Israel war with Iran.
Costa Coffee in Bon Accord Centre to be given £120K facelift
Costa Coffee has submitted plans to overhaul its Bon Accord Centre kiosk cafe in Aberdeen.
In an application lodged with Aberdeen City Council, the coffee giant announces its intention to spend more than £120,000 on a revamp.
It also teased what changes could be coming for the new-look kiosk, in what they call a “refurbishment and uplift”.
BBC Scotland at risk as swingeing cuts announced
Fears are mounting for the future of the BBC Scotland TV channel, as corporation bosses announced 550 job cuts in news, nations and TV and radio content were needed over the next two years.
The corporation’s newly appointed director-general, Matt Brittin, announced plans on Wednesday to save £10million and axe 60 jobs north of the border as part of a drastic savings plan across the UK.
The former Google executive, in a note emailed to all staff, said the BBC would review its portfolio of television channels and radio stations as part of its wider cuts.
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Apple to raise prices as AI boom pushes up chip costs
Apple plans to raise the prices of its products as the cost of the memory chips it uses has surged, the technology giant's boss has said.
Tim Cook, Apple's outgoing chief executive, told The Wall Street Journal (WSJ) that price increases are "unavoidable" as the situation around memory chips has become "unsustainable".
He did not say when prices will rise or which products will be affected. It is also unclear whether the price hikes will affect the iPhone 18, which is expected to be launched in September.