Here are the business stories making the headlines across Scotland and the UK this morning.

Next boss warns of 'dramatic' fall in entry-level jobs

The boss of Next has warned there has been a "dramatic fall" in the number of entry-level job opportunities in the UK.

Lord Wolfson told the BBC that just two years ago, Next typically received 10 applicants for every job in its shops, but that number had since risen to 19.

"That doubling of applicants for shop jobs is indicative of just how big the crisis is in youth unemployment at the moment," he said.

MSPs set to vote on plans for second independence referendum

MSPs are set to vote on a motion that proposes starting the process of holding a second independence referendum.

First Minister John Swinney is set to ask Parliament to formally request the transfer of powers from the UK government to Scotland to allow a referendum on independence to be held.

The Scottish government has scheduled a statement and debate titled "Ambitious for Scotland", giving Swinney his first chance to outline his five‑year vision.

Read the full BBC article here.

Ferrari unveils first fully electric car

Luxury sports car maker Ferrari has unveiled its first fully electric car - the $640,000 (£474,320) Luce.

The new model departs from the look of typical Ferraris as the Italian brand's first ever five-seater, created in collaboration with the LoveFrom agency founded by former Apple design chief Sir Jony Ive.

Responses on social media to the launch have ranged from describing it as "straight to the junkyard trash" to an "absolute masterclass in design".

Read more on the BBC website.

Spotify readies AI-powered remix feature

The world’s largest music streaming platform is targeting high-spending “super-users” with a suite of new products, including a tool that will allow subscribers to legally remix tracks using artificial intelligence. 

Spotify agreed a licensing deal with Universal Music that will enable premium users to create remixes and covers of existing songs using AI. The tool will be offered as a paid add-on for existing Spotify Premium subscribers.

Gustav Gyllenhammar, senior vice-president of markets and subscriptions at Spotify, told The Times that the new product, which will be released in the “near future”, reflected a shift from “personalisation to generation” that was occurring across different forms of media. 

Get the full story in The Times.

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