Here are the business stories making the headlines across Aberdeen, Scotland and the UK this morning.
BBC Scotland TV channel to close amid cuts to services
The BBC has announced plans to close its Scotland linear TV station as it seeks to make £500m savings.
The channel, which started in February 2019, will move to BBC iPlayer in spring next year, although its nightly News at Seven programme will close.
The change is expected to see about 10 posts cut in addition to the 60 BBC Scotland announced earlier this year.
Read more on the BBC website.
Aberdeen city centre revamp ‘could entice buyer to shell out £175m for Union Square’
A property guru reckons the multi-million-pound regeneration of Aberdeen’s city centre could help convince a new buyer to take on Union Square — by showing the Granite City is worth investing in.
The shopping centre was bought by US investment firm Lone Star in 2024 for £111million.
Since then, it has attracted a string of new names – including Mango, Victoria’s Secret and Wingstop.
Read more in The Press and Journal.
Elon Musk considering Tesla-SpaceX merger
Elon Musk has said he is actively considering merging Tesla and SpaceX, his two biggest companies.
"Do I think it would be a good idea? Yes," Musk said during a call with financial analysts over the quarterly business results of SpaceX on Tuesday.
While Musk noted the certainty of such a merger should not be assumed, and it would need shareholders' support, he said special committees within both companies have been formed to examine the move.
Read the BBC story here.
Strait of Hormuz may be redundant in five years, says HSBC boss
The Strait of Hormuz could be rendered “redundant” within the next five years as the Iran war prompts countries to invest in alternative shipping routes to bypass the crucial waterway, the boss of HSBC has said.
A fifth of the world’s oil and liquefied natural gas passed through the strait before the US-Israeli attack on Iran at the end of February. This led to Iran effectively blocking the waterway by targeting shipping, causing chaos in global energy markets.
However, Gulf nations are now working to develop alternative oil and gas export routes such as pipelines to ports.
Read the full story in The Times.
Audit regulator looking into Manchester City accounting
The UK audit regulator has confirmed it is leading inquiries into accounting irregularities at Manchester City.
The Financial Reporting Council confirmed in a letter to the House of Commons business select committee it had taken over "regulatory consideration" of the case from the Institute of Chartered Accountants in England and Wales on 30 September.
No formal investigation has started, but the FRC is making inquiries into the case.
Read the full BBC article here.
Paddy Power owner Flutter blames gambling tax as it cuts 1,400 jobs
The owner of Paddy Power and Sky Bet has blamed higher gambling taxes for its decision to cut 15 per cent of its workforce in Britain.
Flutter Entertainment, the world’s largest gambling company, confirmed it is cutting about 1,400 jobs within its 8,960-strong UK and Ireland workforce as part of ongoing efforts to address “the material increase in betting and gaming duties”.
The job losses will affect workers in Leeds and Dublin as well as British and Irish staff based in European hubs in Portugal and Romania.
Read more in The Times.