Here are the business stories making the headlines across Scotland and the UK this morning.
Scottish Parliament endorses SNP call for independence referendum
MSPs have endorsed the Scottish government's call for Downing Street to agree to a second independence referendum.
The proposition passed a vote at Holyrood with the backing of SNP and Green MSPs.
The UK government would have to transfer powers to Holyrood for a second referendum to take place - but Labour ministers have repeatedly said they would refuse to do so.
Typical energy bill to rise by £221 a year from July due to Iran war
Household energy prices will rise by 13% a year in July, as soaring wholesale costs caused by the impact of the Iran war hit bills for the first time.
Regulator Ofgem says the conflict will mean a household using a typical amount of gas and electricity will pay £221 more a year, with an annual bill of £1,862.
The cap affects millions of homes on variable tariffs in England, Scotland and Wales, and suppliers are warning that it could go even higher at home in the colder winter months without a resolution thousands of miles away.
Poundland buys handbag-maker Radley but 42 jobs will go
The owner of Poundland has bought Radley in a move that will lead to job losses at the British handbag maker.
Gordon Brothers, a firm specialising in distressed retail investing, has taken over Radley through a fast-track form of insolvency that will lead to the loss of 42 jobs.
The turnaround investor negotiated a pre-pack administration transaction with restructuring advisers at FTI Consulting. The deal has facilitated the rescue of Radley’s intellectual property assets, including its brand, but will not include its retail operations, which comprises 21 outlets across the UK.
Ferrari shares slump after it unveils first fully electric car
Luxury sports car maker Ferrari has unveiled its first fully electric car - the $640,000 (£474,320) Luce.
The new model departs from the look of typical Ferraris as the Italian brand's first ever five-seater, created in collaboration with the LoveFrom agency founded by former Apple design chief Sir Jony Ive.
Responses on social media to the launch ranged from describing it as "straight to the junkyard trash" to an "absolute masterclass in design". On Tuesday, the firm's shares fell more than 8% on the Milan stock market and by over 5% in New York.
OpenAI boss: Artificial intelligence won’t cause jobs apocalypse
Sam Altman has said artificial intelligence is unlikely to cause a “jobs apocalypse” because it struggles to replicate the distinctly human aspects of work.
The chief executive of OpenAI also admitted he had overestimated the social and economic impacts of AI when ChatGPT was launched in 2022, saying his predictions had been “pretty wrong”.
“I’m delighted to be wrong about this, I thought there would have been more impact on entry-level white-collar jobs being eliminated by now than has actually happened,” he said at an event in Australia.