Here are the business stories making the headlines across Scotland and the UK this morning.
Street parking under threat under cycle lane plans
A cycle route could soon run from Aberdeen city centre to Westhill — but major traffic changes are being proposed to make it happen.
A “Dutch-style” roundabout, new bus lanes, and more safe crossing places could all be introduced to the busy route.
The extensive plans also include narrowing roads, changing roundabouts and removing city centre parking.
Queen’s Road could be narrowed to accommodate the cycle track and footway, removing the on-street parking. This could impact people parking near Albyn School, St Margaret’s School, the office buildings and some residential properties.
Click here to read more in the Press & Journal
Coastguard search for person overboard in North Sea
Coastguard rescue teams have been mobilised in a search to find a person who fell overboard from a vessel in the North Sea.
A distress alert was sent out at about 08:15 from the vessel around 40 miles north-east of Fraserburgh in Aberdeenshire.
An HM Coastguard rescue helicopter and fixed-wing aircraft, as well as RNLI Fraserburgh and Peterhead lifeboats, have been involved in the search.
An oil and gas industry rescue helicopter from Aberdeen is also supporting. A coastguard spokesperson said the search was ongoing.
Click here to read more on the BBC news website.
RAAC affected homes face £150m demolition and rebuild
Demolishing and rebuilding more than 500 properties in Aberdeen affected by potentially dangerous concrete is the best option for the future of the homes, a council report has found.
The work is expected to cost more than £150m.
Reinforced autoclaved aerated concrete (RAAC) was identified in the homes in the city's Balnagask area earlier this year - including 366 council properties.
Councillors will be asked on Wednesday to move to the £25m demolition phase, which could take up four years.
The council is expected to negotiate purchasing the 138 privately owned homes for market value prior to demolition.
Lost wreck of WW1 warship found off the Broch
A wreck discovered off the Aberdeenshire coast is believed to be a lost Royal Navy warship sunk by a torpedo during World War One.
HMS Hawke was discovered by a team of divers about 70 miles east of Fraserburgh earlier this week in "remarkable" condition.
More than 500 of the ship's crew died when it was attacked by a German U-boat in October 1914.
The ship caught fire and, following an explosion, sank in less than eight minutes with just 70 sailors surviving.
Click here to read more.
Global stocks surge as US expected to avoid recession
Global stocks surged after US retail sales data indicated the world’s largest economy is not heading towards a recession.
The FTSE 100 closed up 0.8%, while Wall Street indexes gained as much as 2.1% after figures indicated American consumers are holding up well despite interest rates that remain at 23-year highs.
US retail sales rose by 1% in July to $709.7billion (£553.2billion), which was well ahead of economist estimates of growth of 0.4%.
Click here to read more in the Telegraph.