Here are the business stories making the headlines across Scotland and the UK this morning.
Denis Law charity chief will ‘work hard to make his vision a reality’ after loss of Aberdeen footballing great
The CEO of the Denis Law Legacy Trust has promised the work of the Aberdeen charity will continue despite the loss of the “inspirational” footballer.
Mark Williams says he has been left “devastated” by news of the former Manchester United striker’s passing aged 84.
The trust was set up in 2011 and organises thousands of free activities across the city to help children form healthier and safer communities. He says the trust will continue to work “in the way that Denis would have done”.
Read the full story in the P&J.
Rent for young Britons has risen by £3.5bn over two years
Under-45s have endured a collective £3.5billion rent increase in the space of two years after landlords passed on high mortgage costs to tenants, according to analysis by Hamptons estate agents.
The increase has left young renters with a record overall annual bill of £56.2billion and means that the under-45s are paying two thirds (66%) of rent in Britain, up from 64% in 2023.
It highlights the financial burden borne by younger renters after buy-to-let investors reacted to sharp rises in mortgage interest rates by raising rents in the past two years.
Click here to read the full story.
Wages stagnant since 2008 as economy faces downturn
Workers across Britain have suffered from stagnant or falling wages since 2008, according to research, amid fears that the weak economy poses a further threat to living standards.
A report by the Centre for Cities warns that workers in most parts of the country are no better off than they were 16 years ago after taking inflation into account – with people in some areas significantly worse paid than before the financial crisis.
It comes amid growing fears of a recession this year, with surveys by Lloyds and Deloitte pointing to falling output and a slump in confidence.
Click here to read the full story.
Melania Trump launches her own cryptocurrency
Incoming first lady Melania Trump has launched a cryptocurrency on the eve of her husband's inauguration as US president.
The announcement comes after President-elect Donald Trump launched the $Trump cryptocurrency. Both coins have risen but have seen volatile trade.
"The Official Melania Meme is live! You can buy $MELANIA now," she posted on the social platform X, external on Sunday.