Here are the business stories making the headlines across Scotland and the UK this morning.
Asda scraps bonuses for 10,000 managers as sales drop
Asda has told more than 10,000 senior managers that they will not receive their staff bonus this year on the back of the retailer’s poor performance.
The supermarket has scrapped bonuses usually made in the first three months of the year to more senior staff as it attempts to arrest a declining market share, The Telegraph first reported. Bonuses are handed out to about 10% of Asda’s employees, with about 14,000 receiving one last year.
Asda’s market share has slipped from just under 15% to 12.5% in the past three years, according to figures from Kantar, the market research company.
Click here to read in The Times.
New Figment cafe to perk up Aberdeen’s West End coffee scene
Aberdeen’s award-winning Figment Coffee Company is set to expand with the opening of a second cafe in the city’s West End.
Located on Fountainhall Road, just a stone’s throw from Queen’s Cross, the new cafe is due to open its doors on March 17.
The launch will unfold in two phases: initially, it will function as a takeaway-only venue, offering freshly roasted coffee, artisanal baked goods, and sandwiches.
Click here to read more.
Crypto prices rally after Trump backs five coins for 'crypto reserve'
US President Donald Trump has revealed the names of five cryptocurrencies that he says he'd like to be included in a new strategic reserve to make the US "the Crypto Capital of the World".
The market prices of the five coins he named - Bitcoin, Ethereum, XRP, Solana and Cardano - all swiftly jumped after the announcement.
In a social media post on Sunday, Trump said he had signed an order which "directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA".
Bubble tea chain bigger than Starbucks sees shares jump on debut
Mixue Ice Cream and Tea may be unfamiliar to many of us but the Chinese firm has more outlets than McDonald's and Starbucks.
On Monday, the bubble tea chain's shares jumped by 40% as they started trading on the Hong Kong Stock Exchange.
The company raised $444million (£352million) in the financial hub's biggest initial public offering (IPO) of the year.