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Here are the top business stories making the headlines in the morning newspapers.

Report calls for 'reset' of Scottish National Investment Bank

Ross Brown, professor in entrepreneurship and small business finance at the University of St Andrews' School of Management has called for a full review of the Scottish National Investment Bank's (SNIB) operations.

In a new paper, released today by non-partisan think tank Reform Scotland, he lauds the concept of SNIB, but finds that more than a year after launch, its strategy, operation and impact have only had "a very modest impact".

Among the report's findings, Brown argues that the Scottish Government’s broad mission for SNIB has unintentionally prevented the company-specific investments it needed to make.

It points out that only seven companies have received funding so far, creating "a very limited economic impact".

Many workers plan to change jobs soon

Almost one in five UK workers say they are likely to change jobs in the next 12 months as they seek better pay and job satisfaction, a survey suggests.

Accounting giant PwC said workers were starting to "assert their power" at a time when many bosses are struggling to recruit.

It found younger and highly-skilled workers were most likely to be unhappy in their jobs or seeking a raise.

The BBC reports that 60% also said they would prefer to work fully or mostly from home.

"The economic outlook may be uncertain, but highly-skilled workers are in hot demand and employers can't be complacent," said PwC boss Kevin Ellis.

"Employees will vote with their feet if their expectations on company culture, reward, flexibility and learning are not being largely met."

Many workers changed jobs or left the workforce during the pandemic in what economists dubbed the "Great Resignation", and PwC said the trend showed no sign of slowing.

North Sea strikes over

Wildcat strikes affecting up to 16 North Sea assets have now ended, offshore contractors said, as workers lodge formal grievance letters.

Workers on installations downed tools last week in a bid to force a £7 per hour increase to pay.

The strike action affected assets across the basin.

Wood workers had ceased action by Friday evening, while Bilfinger confirmed to Energy Voice on Monday that all its employees involved in unofficial action had returned to work by Saturday evening.

In a statement, a Bilfinger UK spokesperson said: "Our employees that participated in unofficial sit-ins have returned to work and we're focused on ensuring operations are re-commenced safely."

Workforce representatives have now sent formal grievance letters to Bilfinger management, following the company's request.

Millionaires say: 'Tax us more'

A handful of wealthy attendees gathered in Davos are calling on world leaders to tackle the cost-of-living crisis by pushing up taxes for people like them.

They took to the streets alongside left-wing activists to call for fairer tax systems worldwide.

Political and business leaders are at the first in-person World Economic Forum (WEF) since the pandemic began.

But criticisms are mounting over the way the wealthy have profited in the last two years.

UK millionaire Phil White said: "While the rest of the world is collapsing under the weight of an economic crisis, billionaires and world leaders meet in this private compound to discuss turning points in history.

"It's outrageous that our political leaders listen to those who have the most, know the least about the economic impact of this crisis, and many of whom pay infamously little in taxes. The only credible outcome from this conference is to tax the richest and tax us now."

Starbucks exits Russia

Starbucks is leaving Russia after 15 years - the latest Western corporation to quit the country after the war in Ukraine.

The coffee chain will now retreat entirely from the Russian market, after suspending trading there in March.

It said it would continue to pay nearly 2,000 staff working at its shops in the country for six months.

Starbucks joins firms such as McDonald's and Renault in permanently exiting the country, says the BBC.

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