Here are the business stories making the headlines across the country this morning.
Asda co-owner Mohsin Issa steps back from running supermarket
When TDR Capital, the British private equity house, teamed up with the Issa Brothers to buy Asda, industry insiders wondered whether the two could make a success of their second multibillion-pound deal.
Three years on, the sceptics look set to be vindicated. The departure of Mohsin Issa, who has been overseeing the grocer’s operations while a lengthy search for a permanent chief executive continues, comes amid a decline in standards, increased competition and operational missteps that have caused the 75-year-old supermarket chain’s fortunes to deteriorate.
Mohsin will hand over his responsibilities to Lord Rose of Monewden, the chairman of Asda, to focus on his role as chief executive of EG Group, the global petrol stations operator.
Issa said it was the right time for him to step back to concentrate on his role at EG.
US goes big with first interest rate cut in four years
The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut.
The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%.
Jerome Powell, the head of the bank, said the move was "strong" but that it was needed as price rises ease and job market concerns grow.
It will be a relief to US borrowers, who have been dealing with the highest interest rates in more than two decades.
Closure threat for Aberdeenshire schools as cash-strapped council fears bad winter could ravage reserves
It may be a sunny September day, but Gillian Owen’s thoughts are already turning to winter.
Specifically, the Aberdeenshire Council leader is praying for a mild few months ahead – as she admits the cash-strapped local authority would struggle to pay for anything more.
Her admission comes as the council weighs up its bank balance halfway through the financial year.
Six months ago, Mrs Owen passed a budget that axed lollipop men and women and slashed janitor posts as schools felt the brunt of cutbacks.
Nintendo sues 'Pokémon with guns' video game firm
Nintendo and its partner The Pokémon Company have filed a legal case against the maker of the hit survival adventure game Palworld over alleged patent infringement.
Palworld quickly earned the nickname "Pokémon with guns" when its first trailer was unveiled in 2021.
Just days after the game's release in January this year, The Pokémon Company said it would investigate the copycat claims.
Palworld's developer, Pocketpair Inc, did not immediately reply to a BBC News request for comment. Pocketpair's boss previously said the game had passed legal checks.