Here are the stories making the business headlines this morning.

Sailing yachts like Mike Lynch's are 'unsinkable bodies', CEO of boat manufacturing firm says

Vessels like Mike Lynch's stricken superyacht are "unsinkable", according to the chief executive of the firm which makes and sells them.

Giovanni Costantino, CEO of The Italian Sea Group, told Sky News there are no flaws with the design and construction of the Bayesian superyacht which capsized in a storm off the coast of Porticello, Sicily, on Monday.

Five bodies were found by divers on Wednesday - taking the number of confirmed dead to six.

The Italian Sea Group also owns the firm that built British tech tycoon Mr Lynch's Bayesian, and Mr Costantino said the vessels "are the safest in the most absolute sense".

Brazil gives Scotch whisky protected status

Brazil has awarded special protected status to Scotch whisky - with the UK's trade secretary toasting the decision by visiting a distillery in Scotland.

Brazil legally recognised Scotch whisky during the UK's pre-election period in June and the move is expected to give distillers better access to South America's largest economy.

The Department for Business and Trade believes the "geographical indication", which will make it easier to tackle counterfeits and increase confidence among distillers, could be worth around £25m over five years.

During a visit to Glengoyne Distillery, Trade Secretary Jonathan Reynolds said Scotch whisky is "one of Scotland's finest products and is in high demand across the globe".

Post Office’s Horizon legal bill tops £250m

The Post Office has spent more than £250m on legal fees linked to the Horizon IT scandal, a sum almost equivalent to the compensation paid out to the victims.

Data obtained under the Freedom of Information Act revealed that the company had paid £256.9m to law firms and barristers’ chambers in the last decade, specifically in relation to the Horizon scandal.

Meanwhile, £261m in total compensation was paid out to victims as of July, according to government statistics.

The Post Office’s legal bill includes the costs to defend the group litigation brought by 555 subpostmasters, led by Sir Alan Bates, at the High Court.

Starbucks new boss under fire for 1,000-mile commute

The newly-announced boss of Starbucks, Brian Niccol, has come under fire after it was revealed that he will commute the almost 1,000 miles (1,600km) from his family home in Newport Beach, California to the firm's headquarters in Seattle on a corporate jet.

Critics on social media have noted what they see as a discrepancy between the company's public stance on green issues and the lifestyles of its top executives.

Mr Niccol is due to take up the role at the helm of the world's biggest coffeeshop chain on 9 September.

Starbucks did not immediately respond to a request for comment from BBC News.

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