Here are the business stories making the headlines across Scotland and the UK this morning.
Elon Musk loses trillionaire status as global tech rout hits SpaceX
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut, according to data from Bloomberg.
The Bloomberg Billionaires Index - updated daily at 17:30 in New York (22:30 BST) - valued his fortune at $957bn (£727bn) on Tuesday, down from the $1.11tn valuation less than 14 days ago.
The reversal followed a sharp retreat in SpaceX and Tesla shares as technology stocks broadly tumbled, fuelled by growing doubts over the long-term profitability of artificial intelligence.
Read more here.
Aberdeen restaurant boss on ‘domino effect’ of Aberdeen hospitality closures
“Horrendous” business rates are pushing pubs and restaurants to the brink, a leading Aberdeen operator has warned.
Allan Henderson, managing director of McGinty’s Group, which runs nine venues around the city, said they are constantly being offered the chance to buy up firms that are struggling to make ends meet.
He said many of those businesses are being run by families putting in “silly hours” and earning below minimum wage just to keep the doors open.
Read more in The Press and Journal.
£6m cash boost to help north-east oil and gas workers move into green jobs
Millions of pounds will be ploughed into helping hundreds of north-east oil and gas workers move into green energy jobs.
The Scottish and UK Governments have pledged to invest a combined £6 million into expanding a skills programme to retrain offshore workers.
This is hoped to support more than 1,000 staff move into new roles in the green energy and other sectors.
Read the P&J article here.
Ferrari marketing boss quits weeks after EV launch backlash
Ferrari's marketing boss has quit after 16 years at the company just weeks after a backlash over the launch of the supercar maker's first-ever electric car, the Luce.
The firm announced this week that Enrico Galliera would leave the role of chief marketing and commercial officer. He will be replaced by former BMW Italy head Massimiliano Di Silvestre in July.
Ferrari thanked Galliera for his service and said he had "decided to embark on a new chapter in his professional journey - a decision shared with the company some time ago."
Click here to read the full article.
Work begins on UK's new £750m supercomputer
Construction work has started on the UK's new £750m national supercomputer.
Those behind the project say it will be the most powerful computer in the UK, and one of the most powerful in the world, when it is finished at the end of next year.
It will be hosted in University of Edinburgh buildings on the outskirts of Penicuik and Roslin in Midlothian, near the institute where Dolly the sheep was cloned.
Read the full BBC story here.
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
US artificial intelligence (AI) giant Anthropic has accused Chinese e-commerce and technology firm Alibaba of "brazenly" and "illicitly" extracting its Claude AI model's capabilities.
In a letter sent to two members of the US Congress, the San Francisco-based company said operators linked to Alibaba carried out almost 29 million exchanges with Claude using thousands of fraudulent accounts in what it called the largest extraction campaign of its kind.
Anthropic urged Congress to penalise the companies behind attacks like this and to ramp up measures to prevent US tech from being stolen.
Read more on the BBC website.