Here are the top business stories making the headlines in the morning newspapers.
Inflation still near 40-year-high
Price rises in the UK slowed for a third month in a row - but inflation remains near a 40-year high, official figures ths morning show.
Inflation fell to 10.1% in the year to January from 10.5% in December.
The drop was largely due to the price of fuel and cost of restaurants and hotels slowing.
But the BBC says this was offset by rising prices of alcohol and tobacco.
The Office for National Statistics said food inflation also remained high in January at 16.7%.
No rethink on launch date for Scotland's bottle-return scheme
The Scottish Government says it is still pressing ahead with the summer start to its bottle-return scheme, despite widespread criticism.
Circular Economy Minister Lorna Slater told the BBC yesterday that the initiative would still launch as planned on August 16.
She said: "It is all systems go for Scotland's deposit-return scheme."
The plan is to boost recycling via a 20p deposit on single-use drinks bottles and cans.
But industry critics fear it will disrupt trade, raise prices and reduce choice.
Producers have until February 28 to register for the scheme.
Extra cash from Scottish Government for teachers
Council leaders have agreed on a new pay offer for teachers, with extra cash from the Scottish Government.
Holyrood has found £156million to fund a two-year deal.
The new offer involves a 6% pay rise in the current year and a further 5.5% in the new financial year, which starts in April.
The largest teaching union, the EIS, has been striking for a 10% rise this year.
Employers - represented by the local government body Cosla - have presented their offer as an 11.5% rise over two years.
The government said it would mean an overall increase of more than £5,000 over two years for the 70% of classroom teachers who are at the top of their main grade pay scale.
The BBC says it is not clear if this package would be enough to end the dispute, with a series of further strikes - including some targeting the constituencies of senior ministers - already scheduled.
More workers in Scotland
The number of people in work in Scotland has grown by almost 89,000, according to new figures.
Official statistics also reveal a sharp decline in the number of the economically- inactive between October and December 2022.
They suggest they are deciding to join the workforce, with the employment rate hitting a record high of 76.6%.
The Office for National Statistics (ONS) also found pay is rising at the fastest rate in more than 20 years. But it is still failing to keep up with rising prices.
The ONS labour force survey reveals that 2.7million people aged over 16 were in employment in Scotland towards the end of 2022. The BBC says that is 89,000 more than for the same period in 2021.
Plan to explore for oil in West Sussex
Lord Lucan has won an appeal to explore for oil in West Sussex after a planning decision likely to lead to a High Court challenge.
George Bingham, who inherited his title in 2016, is executive director of Angus Energy, which holds a 25% stake in "the Balcombe discovery", an oil site in the Weald Basin.
The Telegraph says a bid to conduct a well test on the site was unanimously rejected by councillors on the West Sussex planning committee in 2021.
But Lord Lucan has now won a last-minute appeal submitted in February 2022 in which Angus Energy argued that the site would boost the UK's domestic energy supply, citing the war in Ukraine.
However, the company is likely to face a further challenge in the High Court after significant local opposition to drilling at the site, which sits within the High Weald Area of Outstanding Natural Beauty.
Big job cuts at Ford
Ford has announced plans to cut 1,300 jobs in the UK over the next two years - a fifth of its total workforce in the country.
It is part of a major restructuring programme that will see the car maker cut 3,800 jobs overall across Europe.
Ford is cutting back on development staff as it faces an uncertain economic future and prepares for the transition to electric vehicles.
The BBC says most of the UK cuts will be at a research site at Dunton in Essex.
Record aircraft order
Air India has ordered 470 new aircraft - a record for the aviation industry - as the carrier pushes to become bigger global player.
Chairman N Chandrasekaran said the airline had its sights set on becoming "a world-class proposition".
He said the orders from Europe's Airbus and US-based Boeing would modernise the airline's fleet and help it to dramatically expand its network.
The BBC says the first aircraft will go into service at the end of this year.
Air India said it was looking to Airbus to supply 250 planes, and Boeing for another 220 jets to help catalyse its revival.