Here are the business stories making the headlines across Scotland and the UK this morning.
Meta to spend hundreds of billions to build AI data centres
Meta's founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in the US.
The first multi-gigawatt data centre, called Prometheus, is expected to come online in 2026, Zuckerberg said.
He said one of the sites would cover an area nearly the size of Manhattan (59.1 sq km/22.8 sq miles).
Read the full story here.
CityFibre broadband strikes £2.3bn funding deal as it takes on BT
One of the biggest challengers to BT’s Openreach has secured a lifeline £2.3billion in funding, as it gears up to acquire smaller rivals within the under-pressure broadband industry.
CityFibre has agreed a further £960million in debt with lenders including ABN Amro, ING and Lloyds, alongside Britain’s new National Wealth Fund, as well as an additional £800million facility that the company has the option to unlock to help finance its consolidation plans.
Existing shareholders including Goldman Sachs and Mubadala, the Abu Dhabi sovereign wealth fund, have injected £500million into the UK’s largest alternative broadband network , or “altnet”.
Read more in The Times.
Drivers offered up to £3,750 discount to buy electric cars
The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to move away from petrol and diesel vehicles.
The discounts will apply to eligible vehicles costing up to £37,000, with the most environmentally friendly vehicles seeing the biggest reductions, the Department for Transport (DfT) said.
Carmakers can apply for funding from Wednesday, with the RAC saying discounted cars should start appearing at dealerships "within weeks".
Wizz Air shuts Abu Dhabi operation to focus on Europe
Wizz Air has pulled its services to Abu Dhabi, ending its ambitions to expand east into the Gulf and beyond to service the burgeoning budget aviation market into and out of India.
The London-quoted, Budapest-based budget carrier cited “supply chain constraints, geopolitical instability and limited market access” for the decision to end its Abu Dhabi services.
Wizz is also in talks with Airbus about scaling back an order for 47 new longer-range A321 XLR aircraft and converting some of these to regular A321 jets.