Here are the business stories making the headlines across Scotland and the UK this morning.
SNP transition fund spends £43m on just 110 jobs for oil workers
A fund designed to protect North Sea oil and gas workers from the SNP’s net zero drive created just 110 new jobs despite spending £43million, a new report has found.
An analysis of the first two years of the Scottish government’s Just Transition Fund, which is set to cost taxpayers half a billion pounds over a decade, found that it had “safeguarded” only another 120 further existing roles.
The policy, announced by Nicola Sturgeon in 2021, was intended to ensure that new green jobs are created for workers whose livelihoods depend on fossil fuel industries.
Read the full story in The Times.
Emergency alert to be sent to smartphones in UK test
The national system for sending emergency alerts to mobile phones in the UK will be tested again this September, the government has said.
It will see compatible phones vibrate and make a siren sound for 10 seconds while displaying a message at 15:00 BST on 7 September, even if they are set to silent.
The alerts are intended for situations in which there is an imminent danger to life, such as extreme weather events or during a terror attack.
Click here to read more.
Former Shell finance chief to join BP board
A former Shell finance chief will join BP as it attempts to strengthen its board and pivots back towards fossil fuel production in the face of pressure from Elliott Management to revive its valuation.
The hiring of Simon Henry, who was chief financial officer at Shell between 2009 and 2017, is the second appointment of an oil industry veteran to the BP board in three months.
David Hager, who has worked in the oil and gas sector for more than forty years, was also hired as a non-executive director in May after Ian Tyler was made head of the group’s remuneration committee.
US delays higher tariffs but announces new rates for some nations
President Donald Trump has officially delayed imposing higher tariffs on US imports, while sending letters to 14 countries including Japan and South Korea detailing the levies they face.
The latest development comes as a 90-day pause the White House placed on some of its most aggressive import taxes was set to expire this week.
The president renewed his threat of a 25% tax on products entering the country from Japan and South Korea and shared a batch of other letters to world leaders warning of levies from 1 August.