Here are the business stories making the headlines in Scotland and the UK this morning.
When will Labour leader come north?
Sir Keir Starmer has still to name a date for his promised visit to the North-east to discuss his controversial oil and gas plans.
The Press & Journal says the Labour leader was back in Scotland yesterday, but only in the central belt to meet drinks industry figures in Edinburgh, before an expected stop on the Rutherglen and Hamilton West campaign trail today.
Sir Keir confirmed several weeks ago he will head to Aberdeen to engage with the oil and gas sector.
He had accepted an invitation from Aberdeen & Grampian Chamber of Commerce to visit the North-east to hear directly from the people and companies impacted by the energy transition.
Sir Keir is also facing pressure from his own party colleagues in Aberdeen to meet industry figures in the city.
His plans involve a ban on future oil and gas licences, with investment instead targeted towards cleaner energy.
Record wages growth
Wages grew at a record annual pace between April and June, according to new figures today from the Office for National Statistics.
Regular pay grew by 7.8% - the highest annual growth rate since comparable records began in 2001.
Inflation, which measures the pace at which prices are rising, has eased but remains relatively high at 7.9%.
But Darren Morgan from the ONS said the new figures suggested "people's real pay is recovering".
Mr Morgan, the ONS's director of economic statistics, said that basic pay "is growing at its fastest since current records began".
"Coupled with lower inflation, this means the position on people's real pay is recovering and now looks a bit better than a few months back."
The BBC says new inflation figures are due out tomorrow and are expected to show price growth slowed again during July.
Simon French, chief economist at Panmure Gordon, said that inflation could fall to 7% or even 6.8%. However, that remains far higher than the Bank of England's target to keep inflation at 2%.
Trump charged again
Former US President Donald Trump was last night charged with attempting to overturn his 2020 election loss in the state of Georgia.
He and 18 others have been indicted on counts that include racketeering in a 41-charge document issued by a Fulton County grand jury.
The BBC says the indictment marks the fourth time Mr Trump has been criminally charged this year.
He has denied the accusations in all cases.
Fulton County District Attorney Fani Willis launched an investigation in February 2021 into allegations of election meddling against Mr Trump and his associates.
The list of defendants indicted last night includes former Trump lawyer Rudy Giuliani, former White House chief of staff Mark Meadows, former White House lawyer John Eastman and a former justice department official, Jeffrey Clark.
The indictment says the alleged co-conspirators "knowingly and wilfully joined a conspiracy to unlawfully change the outcome of the election in favour of Trump".
Lossiemouth jets intercept Russian bombers
RAF fighters have been scrambled to intercept two Russian bombers north of Shetland.
The Typhoon jets launched from RAF Lossiemouth in Moray yesterday morning.
The Russian Tu-142 Bear-F and Tu-142 Bear-J aircraft were monitored in international airspace as they passed north of the UK.
The BBC says such incidents - known as quick-reaction alerts - are not uncommon and involve RAF crews shadowing Russian military aircraft near British airspace.
Armed Forces Minister James Heappey said: "RAF crews at Lossiemouth maintain a constant watch over UK airspace and are always ready to take action at a moment's notice to keep our country safe."
Retaining staff
About 40% of employers have made counter-offers to keep hold of staff tempted by higher wages from rivals in the past 12 months, a survey has found.
The Chartered Institute of Personnel and Development said that ,of the 2,000 employers it questioned, many of those that made counter-offers expected to do so again to retain workers.
The BBC says there are fears escalating salaries could keep inflation higher for longer.
Price of Edinburgh accommodation hits record
The cost of accommodation for the Edinburgh festival has hit the highest level on record, after Nicola Sturgeon's crackdown on holiday lets.
The price of staying in an Airbnb in Edinburgh soared to £196 a night in July, up 7% compared with last year, according to analyst AirDNA.
The Telegraph says this was the highest rate since records began in 2018, when an Airbnb cost £138 a night.
Meanwhile, the number of properties listed has dropped to a record low after a licensing scheme and planning restrictions were introduced in Edinburgh.
Airbnb listings in the city have slumped from 8,307 in 2018 to 7,993 properties today.
The Scottish Government, under Ms Sturgeon's leadership, handed councils the power to introduce licensing schemes as well as control zones.
UBS gets £1.1billion bill
Swiss bank UBS has agreed to pay £1.1billion to resolve fraud claims in the US stemming from the 2008 financial crisis.
It brings to a close the last case brought by US prosecutors investigating banks' conduct in the run-up to the crash, which sparked a global downturn.
Prosecutors said the bank had lied about the quality of mortgages that were packaged and sold to investors in a series of deals in 2006-2007.
UBS did not admit or deny the claims.
In a statement, it said it had already set aside money for the "legacy" matter and the deal would resolve all civil claims in the US.
The BBC says the bank had previously sought to have the case dismissed, saying prosecutors had not presented evidence of any intentional fraud.
Japan enjoys GDP jump
Japan's economy grew much faster than expected in the three months to the end of June as the country's weak currency boosted exports.
The world's third largest economy saw its Gross Domestic Product (GDP) rise by an annualised 6% in the period.
It is about twice the rate of growth forecast by economists and marks the biggest rise in almost three years.
The fall in the value of the yen helped exporters as Japanese-made goods became cheaper for consumers around the world.
Japan's currency has fallen sharply against major currencies in recent months and is down by more 10% versus the US dollar this year.
"The weak yen is behind the positive GDP numbers," Fujitsu's chief economist Martin Schulz told the BBC.