Here are the top business stories making the headlines in the morning newspapers.
Warning over impact of a restriction on whisky advertising
Scotland's economy would take a hit if the country's national drink cannot be promoted in shop windows under new laws, whisky industry bosses have warned.
Graeme Littlejohn, from the Scotch Whisky Association, said adverts in airports and cities are often crucial in convincing tourists to visit popular distilleries.
The Press and Journal says he told MPs there were concerns SNP proposals to curb alcohol marketing could leave firms unable to sell branded merchandise.
And he also warned that cultural events - such as Highland games - could be put at risk if whisky companies are restricted from sponsoring them.
The Scottish Government is currently consulting the public on plans to limit alcohol advertisements.
It is claimed measures are needed to clamp down on excessive drinking and prevent children from being exposed to alcohol at such a young age.
Two NHS unions in Scotland accept new pay offer
Members of two major NHS unions in Scotland have voted to accept an improved pay offer.
The BBC says this ends the risk of strike action in the health service by members of Unite and Unison.
But ballots at GMB, the Chartered Society of Physiotherapy and the Royal College of Nursing are ongoing.
Health Secretary Humza Yousaf welcomed the decision by Unite and Unison to accept the "record pay offer".
Last month, the Scottish Government tabled an improved deal averaging 7.5% to health workers threatening industrial action.
It will see most NHS staff in Scotland get a rise of just over £2,200 a year.
Unite represents about 1,500 Scottish Ambulance Service staff including paramedics, advanced practitioners, planners and administrative workers.
Unison is Scotland's largest NHS union. It represents 50,000 workers including nurses, midwives and support staff, such as domestics, porters and administrative workers.
Contingency plans for strikes
The UK Government has been discussing contingency plans for upcoming strikes, including using the military and civil servants to cover Border Force staff, at an emergency Cobra meeting.
Cobra is made up of ministers, civil servants and others.
The BBC said the meeting came amid a wave of strikes over pay this month.
Cabinet Office minister Oliver Dowden, who chaired the meeting, urged unions to call off the strikes.
He said the government had been "fair and reasonable" by honouring the recommendations of independent pay review bodies.
British economy to get worse before recovery
The UK economy will get worse before it gets better, Chancellor Jeremy Hunt has said after figures revealed it shrank further between August and October.
The economy contracted by 0.3% during the three months as soaring prices hit businesses and households - and the UK is forecast to be heading into recession.
He said: "These figures confirm that this is a very-challenging economic situation here and across the world.
"And it will get worse before it gets better."
Over the three months, economic activity in the UK slowed across all the main sectors including production, construction and services.
The BBC says a country is in recession when its economy shrinks for two three-month periods in a row.
'Feeble' demand in Scotland
Scottish private-sector output continued to decline last month in the face of "feeble" demand, according to a regular business survey.
The Royal Bank of Scotland's latest purchasing managers' index found new business fell at its fastest rate for five months.
RBS said demand was stifled by economic uncertainty, the cost-of-living crisis and higher borrowing costs.
Its business activity index fell from 45.8 in October to 43.9 last month.
The BBC says any figure below 50 suggests contraction.
On a positive note, payroll numbers were up, extending the run of jobs growth to 20 months.
FTX founder arrested
The Bahamas police have arrested Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, the country's attorney general has said.
He will appear in a magistrates court in the Bahamas today, authorities in the Caribbean country said.
Police said Mr Bankman-Fried was arrested for "financial offences" against laws in the US and the Bahamas.
The BBC says that, last month, FTX filed for bankruptcy in the US, leaving many users unable to withdraw their funds.