Here are the business stories making the headlines across Scotland and the UK this morning.
Shell loosens 2030 carbon emissions target
Shell has lowered its target for reducing the intensity of its overall carbon emissions by 2030, it said on Thursday, citing expectations for lower power sales.
In an annual update on its energy transition strategy, the British energy giant reaffirmed its ambition to become a net-zero emitter by 2050.
Shell said it will target a 15-20% reduction in net carbon intensity of its energy products by 2030 compared with 2016 intensity levels. It had previously aimed for a 20% cut.
Measuring emissions by intensity means a company can technically increase its fossil fuel output and overall emissions while using offsets or adding renewable energy or biofuels to its product mix.
Chief Executive Wael Sawan took the helm in January 2023 with a vow to revamp Shell's strategy to focus on higher-margin projects, steady oil output and growth in production of natural gas.
"In line with this shift to prioritising value over volume in power, we will focus on select markets and segments. This includes selling more power to commercial customers and less to retail customers," Shell said.
John Lewis back in profit but no bonus for staff
John Lewis has reported a return to profit, but it will not pay its staff a bonus for the second year in a row.
The retail partnership, which also owns Waitrose supermarkets, reported a pre-tax annual profit of £56m compared with a £234m loss the year before.
However, it said it would not pay a bonus as it was increasing overall pay and investing in the business.
In January, John Lewis said it was planning to cut the size of its workforce over the next five years.
The partnership said that a million more customers shopped in its stores last year, spending £12.4bn - up 1% on last year.
Sales at Waitrose rose by 5% to £7.7bn, with a record number of customers choosing to shop at supermarket chain, it said.
However, spending in its John Lewis stores was down 4% to £4.8bn.
Sales of fashion and beauty products did well, but it saw weaker sales in home and technology.
US House passes bill that could ban TikTok nationwide
The US House of Representatives has passed a landmark bill that could see TikTok banned in America.
The BBC said it would give the social media giant's Chinese parent company, ByteDance, six months to sell its controlling stake or the app would be blocked in the US.
While the bill passed overwhelmingly in a bipartisan vote, it still needs to clear the Senate and be signed by the president to become law.
Lawmakers have long held concerns about China's influence over TikTok.
BP puts $2bn Israel deal on hold amid Gaza war
BP has halted talks on a $2bn (£1.56bn) deal to invest in an Israeli gas field as the war with Hamas rages on in Gaza.
The British oil giant, along with the Abu Dhabi National Oil Company (Adnoc), was expected to take a 50pc stake in Tel Aviv-listed NewMed Energy, owner of the Leviathan offshore field.
But on Wednesday, NewMed announced that talks had been suspended because of “uncertainty created by the external environment”.
It did not specify further details but the reference was made against the backdrop of continued conflict in Gaza, which has now entered its sixth month.