Here are the business stories making the headlines across Scotland and the UK this morning.
160,000 part-time retail jobs at risk from Reeves tax raid, warn bosses
Up to 160,000 part-time shop workers are at risk of losing their jobs because of Rachel Reeves’s tax raid, bosses have warned.
Retailers are preparing to wield the axe as they brace for higher costs caused by the Chancellor’s Budget, with the British Retail Consortium (BRC) predicting that more than one in 10 part-time roles could be scrapped over the next three years.
Fears of industry-wide job losses are mounting ahead of a £25billion increase in employer National Insurance (NI) in April, which will come into force alongside a 6.7% increase in the National Living Wage.
BA named joint worst airline out of 19 for long-haul flights
British Airways has been named the worst UK carrier to fly long haul in the latest airline customer satisfaction survey from Which?.
The consumer brand surveyed travellers' experiences on more 9,000 flights, with BA finishing joint bottom (with Air Canada) out of 19 airlines for long-haul flights.
It also finished 12th out of 16 carriers for shorter flights, with Ryanair finishing bottom.
Tesla valuation falls below $1 trillion after sales plummet in Europe
Tesla’s valuation has fallen below $1trillion (£789bn) for the first time since November after the electric car maker suffered a 45% drop in sales across Europe.
Shares in Tesla fell by 9% on Tuesday, as investors reacted to the latest sign that European motorists are snubbing the business in response to Elon Musk’s support for US President Donald Trump.
The latest decline led to $93billion being wiped from Tesla’s valuation, with the company’s share price having fallen by almost 25% in the last month alone.
Elizabeth line strikes called off after drivers get new pay offer
Planned strikes by train drivers on London’s Elizabeth line on Thursday and Saturday have been called off after a new pay offer.
Members of Aslef had planned to stage a series of strikes that would have caused travel disruption in the capital.
The union said its executive would consider a revised offer from the line’s operator, MTR, on Wednesday.