Here are the top business stories making the headlines in the morning newspapers.
Breaking: 'I am not bluffing over nuclear weapons,' says Russian Putin
Russian president Vladimir Putin has warned the West he is "not bluffing" over nuclear weapons as he announced a partial military mobilisation.
Reservists in Russia will be conscripted into the country’s armed forces, as it seeks to bolster its ailing military campaign in Ukraine.
Mr Putin said the decision, which followed the announcement of referendums to pave the way for the formal annexation of swathes of Ukraine, is meant to "protect our Motherland and our territorial integrity."
Claiming the West was threatening Russia with nuclear weapons, Mr Putin said: "We have lots of weapons to reply - it is not a bluff."
Travel trade event in the north-east for the first time
Hundreds of buyers of holidays will be hosted in Aberdeen next week as a leading travel trade event comes to the north-east for the first time.
VisitAberdeenshire boss Chris Foy hailed the decision to hold the annual UKinbound convention in Aberdeen as "quite a coup" for the region as more than 250 buyers and suppliers take part in the four-day event.
The Press and Journal says it is expected the event will stimulate interest among buyers in what the region can offer tourists in the UK and further abroad.
The convention will offer delegates a chance to take part in formal events held at P&J Live, as well as "familiarisation" trips taking in local attractions such as Fyvie Castle, Barra Berries and Aberdeen Art Gallery.
New CEO at Dana
Aberdeen-headquartered North Sea operator Dana Petroleum has named its new chief executive.
The company confirmed yesterday that Jaegu Nam has been appointed as Jongwoo Kim's successor.
It was recently revealed that Dana was moving to replace Mr Kim, who has headed for Korea National Oil Company (KNOC) - the company's state-backed parent group.
Meanwhile, Mr Nam has gone in the opposite direction to his predecessor.
Energy Voice says he was formerly senior vice president in charge of KNOC's overseas business department, and also led sister company Harvest in Canada.
UK interest rate could be on way to 3.75%
Investors are betting that the interest rate will hit 3.75% by the end of the year as the Bank of England battles to contain inflation.
The Bank is now expected to increase the rate by 0.75% tomorrow - taking it to 2.5% in the biggest increase since Black Wednesday in 1992.
The Telegraph says traders are also pricing in 2% of rises over the next three meetings.
Warning over energy bill scams
People are being warned to look out for fake e-mails and texts claiming to offer discounts on energy bills.
A number of different scams have been circulating, including some that appear to be from the energy regulator Ofgem.
The UK Government has announced that a £400 energy bill discount will be available to all households.
But this will be automatic and people should not give away personal details in order to apply, according to the BBC.
Rail peace talks
New Transport Secretary has begun peace talks with rail union chiefs in the hope of breaking the deadlock following months of industrial unrest.
Anne-Marie Trevelyan is understood to have met with Mick Whelan, the general secretary of drivers union Aslef, last Wednesday. Sources said that she will hold talks with Manuel Cortes of the Transport Salaried Staffs Association, later this month.
The intervention contrasts sharply with the approach by Grant Shapps, Ms Trevelyan's predecessor, who refused to hold discussions with trade union bosses amid the most-bitter industrial disputes on the railways for two decades.
But the Telegraph says Ms Trevelyan's move was not enough to convince Aslef to call off a fresh round of industrial action on October 1 and 5 during the Tory party conference.
An Aslef source said that "nothing substantive" was covered in the meeting, but it bodes well for better relations between the union and the Government in the weeks and months to come.
Four-day working week gets thumbs up
Many UK firms taking part in a four-day working week trial have said they will keep it in place after the pilot ends.
More than 70 firms are taking part in the scheme where employees get 100% pay for 80% of their normal hours worked.
At the halfway point in a six-month trial, data shows that productivity has been maintained or improved at the majority of firms. But some "old-fashioned" companies taking part in the trial had found the shift to a four-day week "trickier".
Joe O'Connor, chief executive of 4 Week Global, which is running the scheme across a number of countries, said: "We are learning that for many it is a fairly smooth transition and for some there are some understandable hurdles - especially among those which have comparatively fixed or inflexible practices, systems, or cultures which date back well into the last century."
The BBC says the trial is being run by 4 Day Week, a group campaigning for a shorter working week, along with Autonomy, a think tank and researchers at Cambridge and Oxford universities.
Butlin's back with original owners
Holiday business Butlin's has been bought back by its original owners more than 18 months after it was sold.
The BBC says current owners Blackstone and Bourne Leisure had agreed to sell the firm back to the Harris family for £300million.
Butlin's, which has a head office in Hemel Hempstead, Hertfordshire, was sold in January 2021.
Founded in 1936 by Billy Butlin, the first all-inclusive seaside holiday camp opened its first site in Skegness, Lincolnshire.
Today, it operates three resorts, in Minehead, Bognor Regis and Skegness, which together attract some 1.5million guests annually.
Offshore wind developers team up
A pair of leading European offshore wind developers have unveiled plans to support North Sea oil and gas decarbonisation.
Flotation Energy of Scotland and Vargronn of Norway have teamed up to apply for leases in the Innovation and Targeted Oil and Gas round.
Orchestrated by Crown Estate Scotland, the process allows developers to secure acreage to build windfarms to power oil and gas assets.
Energy Voice says it is expected to make a "significant contribution" to Scotland's target of zeroing out emissions by 2045, as well as the North Sea Transition Deal goal to reduce offshore emissions by at least half by 2030.
Drilling to start at Serenity
The partners in a "company-maker" well have reported the arrival of the Stena Don rig at the site in the central North Sea.
The rig is now at the location in block 13/23c, according to updates issued by partners i3 Energy and Europa Oil and Gas on Tuesday.
Energy Voice says the Stena Don is expected to begin drilling operations on the Serenity appraisal well SA-02 "later this week".
London and Toronto-listed i3 is hoping for 100million recoverable barrels from the Serenity oil project.