Here are the top business stories making the headlines in the morning newspapers.
Emergency for arts sector venues
The boss of Aberdeen's Belmont Filmhouse warned there is "naivety" over the scale of the emergency facing arts sector venues as pressure mounts on the Scottish Government to offer a major cultural life-line.
Colin Farquhar, who was manager when the city centre film theatre shut this month, claimed popular cultural hotspots across the country could also find themselves in jeopardy as energy bills soar.
Twenty members of staff were made redundant when the Belmont's parent company was plunged into administration earlier in October.
SNP culture minister Neil Gray was warned in Holyrood that more needs to be done to save the Aberdeen cinema and other venues under threat.
The Press and Journal says hope remains for the Belmont's future - and bids have come in.
But at Holyrood yesterday, Labour MSP Sarah Boyack said bosses from Scotland's art sector had painted a "grim picture" of winter as the cost-of-living crisis worsens and energy prices rise.
However, Mr Gray assured MSPs work was being done to save venues which had been affected by the sudden closures.
Unions reject Hial pay offer
State-owned Highlands and Islands Airports Limited (Hial) has confirmed a pay offer to staff has been rejected by members of three unions.
Hial runs regional airports in the Highlands, Western Isles, Orkney, Shetland as well as Dundee's airport.
The company said it had made an enhanced offer, but this had been turned down by the PCS, Prospect and Unite.
Hial said it would meet again with the unions to try and resolve the matter.
On the table was a 5% basic pay award to all staff earning less than £80,000 and a 4% basic pay award to all staff earning more that £80,000.
In addition, it proposed a 5% increase to fixed allowances not automatically updated by the 5% increase in basic pay.
Managing director Inglis Lyon told the BBC: "The offer was the result of an extensive exercise on cost savings and the generation of additional income to allow an enhanced pay award that was affordable from within our existing finances.
"We will now meet with union colleagues to try and reach a solution following the disappointing result."
Governments can't help everyone with energy costs
It is too expensive for governments to help everyone with their soaring energy bills, the World Bank has warned.
The bank's president said Covid support schemes had not been targeted enough towards the most vulnerable - and the debt will take decades to pay off.
David Malpass told the BBC the same policy was being adopted to help people cope with rising energy bills.
"Governments are saying we will take care of everyone, which is just too expensive," he said.
It is pushing global debt to record levels - and people at the bottom of the income scale are hardest hit, he said.
It comes as separate research suggests the UK's own energy support scheme is far too expensive in its current form.
The government is limiting average bills for all households to £2,500 a year for six months, but will review the support offered from April.
The National Institute of Economic and Social Research said the current scheme could cost some £30billion because it was untargeted.
It also said households could save up to £20billion per year if they were incentivised to invest in energy-saving measures like solar panels.
Row over EU/UK energy costs
Plans to cut EU energy bills have sparked anger in Brussels after it emerged the bloc may end up subsidising cheap power for Britain.
Low prices on the continent could see electricity vacuumed up by export markets, European Commission officials are warning.
One solution would be to charge higher prices to export markets such as Britain, but officials fear this could be in breach of the Brexit agreement.
The Telegraph says soaring gas prices, triggered by shortages due to Russia's war on Ukraine, have wreaked havoc across energy markets due to the core role of gas in both electricity generation and heating.
Pound recovers
The pound yesterday hit its highest level since mid-September, as investors welcomed the appointment of Rishi Sunak as prime minister and the dollar fell.
Sterling surged by 1.9% to $1.149 - the highest it has been since before Liz Truss's controversial mini-budget.
Government borrowing costs also fell back to where they were last month, in a boost for Mr Sunak who took over on Tuesday.
The BBC says financial markets have been rattled by fears over the economy in recent weeks.
Exit for the Fiesta?
The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs, the BBC understands.
Ford bosses are expected to announce in the next few days that the production of the Fiesta will end by mid-2023.
Executives are believed to be holding talks with dealers, suppliers and staff ahead of the announcement.
The Sun first reported that Ford had no plans for an electric version of the car despite its popularity.
A spokesman for Ford said that it was "accelerating our efforts to go all-in on electrification", and so the company is reviewing the portfolio of cars it has on offer.
He added that the carmaker does not comment on speculation and that more information would be made available soon.
The Fiesta is currently produced in Germany, although the first model rolled off the production line in Dagenham, Essex, in 1977.
Household costs rocket
The price of pasta, tea, chips and cooking oil has soared, according to new data, with vegetable oil going up by 65% in a year, reports the BBC.
Overall, the price of budget food in supermarkets rose by 17% in the year to September, says the Office for National Statistics.