Here are the top business stories making the headlines in the morning newspapers.
Wind power for Google
A planned offshore wind farm in Scottish waters will sell power to technology giant Google.
French utility company Engie has struck a deal with the US multinational to supply green energy from the Moray West development.
Energy Voice says the wind farm is due to start up from 2025.
Highest figure ever for net migration
UK net migration hit 504,000 in the year to June - the highest figure recorded, the Office for National Statistics estimates.
The rise is driven by people arriving legally from outside the EU and the resumption of post-pandemic travel.
Reception of Afghan and Ukrainian refugees and people from Hong Kong are other factors.
The BBC says the government has promised to cut net migration - the difference between the numbers entering and leaving the UK.
New owner for Savile Row tailor
Frasers Group is buying an historic Savile Row tailor, the BBC has learned.
Chief executive Michael Murray said the move for Gieves & Hawkes secured "a long-term future" for the 250-year-old firm.
The retail giant, which was founded by Mike Ashley, emerged as a potential buyer of Gieves & Hawkes in September.
It is understood all five of Gieves & Hawkes's UK stores will be part of the deal, including the flagship location at Number 1 Savile Row in London.
The shop is one of the world's most famous fashion addresses, with other stores located in Bath, Birmingham, Chester and Winchester.
Steep price to make an electric car speed up quicker
Mercedes-Benz is to offer an online subscription service in the US to make its electric cars speed up quicker.
For an annual cost of £991 excluding tax, the company will enable some of its vehicles to accelerate from 0-60mph a second faster.
It comes after rival manufacturer BMW offered a subscription feature earlier this year - for heated seats.
Mercedes has confirmed to the BBC it currently does not plan to introduce Acceleration Increase in the UK.
Plea to keep EU laws
Business groups and unions are urging the UK Government not to go ahead with plans to ditch a wide range of EU laws, warning the move could cause "confusion and disruption".
In a joint letter, groups including the Institute of Directors and the Trades Union Congress called on ministers to withdraw its Retained EU Law bill.
They warned the legislation would put vital protections at risk.
But Downing Street said it wanted to take "advantage of the benefits of Brexit".
The BBC says the UK copied over the laws to smooth its exit from the EU in January 2020, and kept them during a transition period that ended in January 2021.
Since then, the country has moved away from EU laws in certain areas, including on immigration.
But thousands of regulations - known as "retained EU law" - remain in force.
Strikes over offshore shift rotas
Dozens of Petrofac workers on BP assets in the North Sea and west of Shetland are to take part in strikes in a dispute over offshore shift rotas.
Unite the union said 76 workers on the Andrew, Clair, Clair Ridge and ETAP installations will strike, after a ballot returned 98.3% in favour of industrial action.
Energy Voice says the dispute centres on workers having to continue a three-week on, three-week off rotation offshore, which has been described as "hated" by the workforce.
Covid infections soar in China
China has reported its highest number of Covid-19 infections, with cities shuttering across the country as officials introduce frantic lockdown measures.
The resurgence in infections has thrown president Xi Jinping's strict zero-Covid strategy under renewed scrutiny and prompted the most extreme anti-lockdown protests since the pandemic began.
The Telegraph says a record 31,444 infections were reported on Wednesday, breaking a previous record set on April 13.
Sunflower oil prices remain sky high
Supermarket sunflower oil prices are set to remain sky high well into next year, despite a sharp fall in wholesale costs when a deal was struck to keep shipments flowing from Ukraine.
Wholesale sunflower oil prices have more than halved following an initial jump in March at the start of the war - but supermarkets have not reduced how much they charge to buy bottles on the shelves, according to analysis by the Telegraph.
In some cases, shoppers are still paying around twice as much as before the Russian invasion.