Here are the top business stories making the headlines in the morning newspapers.
Recession looms as UK economy starts to shrink
The UK appears to be heading into recession after the latest official figures showed the economy shrank between July and September.
The BBC reports that the economy contracted by 0.2% between July and September as soaring prices hit businesses and households.
A country is in recession when its economy shrinks for two three-month periods in a row. The UK is expected to be in one by the end of the year.
The Bank of England said the recession will be the longest on record.
A recession has been widely forecast in the UK for some time due to the prices of goods such as food, fuel and energy soaring, which is down to several factors, including the war in Ukraine.
Heathrow slots for Loganair
Glasgow-based Loganair has been handed lucrative take-off and landing slots at Heathrow following sanctions against Russian flag carrier Aeroflot.
The Telegraph says it is the first British airline to begin flying from the airport since British Mediterranean in 1994.
The allocation was made by a central co-ordinator.
Slots at Heathrow are highly sought-after. Once allocated, airlines can choose to sell or lease them to a third party.
The highest price paid for a single pair of slots at the airport was £66million, when Oman Air acquired rights to a morning arrival in February 2016 from Air France-KLM.
Aeroflot held 70 weekly slot pairs at Heathrow prior to Vladimir Putin's invasion of Ukraine in February. The state-owned airline was stripped of them as part of sanctions against Russia. Aeroflot is banned from landing at UK airports.
Virgin Atlantic was among the other beneficiaries of Aeroflot's slots being reallocated.
BrewDog president on the move
BrewDog president and chief operating officer David McDowall is quitting the north-east craft brewer to take over as chief executive at pub chain Stonegate Group.
Stonegate's current CEO, Simon Longbottom, is due to exit his role at the end of February 2023.
The Press and Journal says Mr McDowall joined Ellon-based BrewDog as retail managing director in December 2014.
He became COO in July 2019 and took on additional duties as group president on November 2020. He was previously operations director at hospitality firm G1 Group, now The Scotsman Group, whose hotel portfolio includes the Palm Court in Aberdeen.
Ex-boxer joins fight at Reabold Resources
A rebel investor group hoping to oust the board of a North Sea oil and gas company has secured backing from an unlikely supporter.
On November 17, Reabold Resources will hold a meeting to vote on whether or not to remove the current board, led by co-chief executives Sachin Oza and Stephen Williams.
Kamran Sattar, chief executive of investment group Portillion Capital, is one of four replacements for Reabold should shareholders support the resolutions.
British former professional boxing champion Amir Khan is now backing Mr Sattar.
In a video, the sporting superstar who hung up his gloves earlier this year says "Kamran is one person who I trust" and somebody that "we need on our team".
Energy Voice says the former boxer has not elaborated further on his relationship with Mr Sattar.
Renewable energy industry backs new planning system
A new planning system proposed by the Scottish Government has been described as "a remarkable and major step forward" by Scotland's renewable energy industry.
Unveiled by the government on Monday, the revised draft National Planning Framework 4 (NPF4) sets out policies against which planning applications will be assessed for the next decade.
Included in its aims is the need to support low-carbon and zero-emissions technologies, including hydrogen and carbon capture, and developments on land that unlock the "transformative potential of offshore renewable energy", such as expansion of the electricity grid.
Made explicit in that is the need to "encourage, promote and facilitate all forms of renewable energy development onshore and offshore" - a move which Energy Voice says is welcomed by the industry's trade body.
Sunak accused of betraying fracking industry
The owner of fracking pioneer Cuadrilla has accused Prime Minister Rishi Sunak of betraying the industry after he reimposed a ban on the controversial method of extracting gas underground.
Brett Tredinnick, chief executive of Australian energy company AJ Lucas, said there was "no rational scientific basis" for the move and Cuadrilla would push for it to be lifted again.
Mr Sunak brought back the ban on fracking south of the border in late October about one month after it was lifted by Liz Truss as part of her plans to make the UK a "net energy exporter by 2040" and curb soaring gas prices.
He said he was honouring the Conservative Party's 2019 manifesto pledge not to allow the practice, which involves pumping water and chemicals into the ground to release gas trapped in rocks, "unless the science shows categorically that it can be done safely".
But the Telegraph says the move has triggered fury among drillers who have invested heavily trying to get a UK industry off the ground.
'Deep concern' over events at Twitter
A US regulator says it is watching events at Twitter with "deep concern" after the platform's top privacy and compliance officers reportedly quit.
The Federal Trade Commission said new chief executive Elon Musk was "not above the law".
Separately, Mr Musk reportedly told employees that bankruptcy is not out of the question for Twitter.
The BBC says the company has been in disarray since Mr Musk started firing thousands of employees last week.
The ability for users to buy verified status as part of a new subscription has raised concerns that Twitter could be swamped with fake accounts.