Here are the top business stories making the headlines in the morning newspapers.
U-turn on men's sheds
The Scottish Government has reversed its decision to end funding for men's sheds, Nicola Sturgeon has announced.
The First Minister said an agreement has been reached to fund the facilities for the next financial year - reversing a decision made last month which provided cash only to the end of this one.
The first men's shed was set up more than a decade ago in Aberdeenshire to offer a place for men to socialise and learn new skills, and the facilities have been widely praised for their impact on mental health.
The Press and Journal says the network has since expanded to more than 200 facilities across all local authority areas in Scotland.
Ballot of Scottish hydro plant workers
Strike action by hydro plant workers could hit energy supplies in Scotland, a union has warned.
Unite members at three Drax sites around the country are being balloted in a dispute over pay.
If strike action goes ahead it would affect the Stonebyres (Lanark), Cruachan (Loch Awe) and Glenlee (Castle Douglas) power stations.
The company said it had made a "fair and competitive" offer which was well above the national average.
The ballot will be held over three weeks in February with industrial action possible the following month.
Drax Hydro supplies power to the national grid and said it was confident any strike would have no effect.
The BBC says the ballot follows the rejection of a pay offer of 8% which the union said was "significantly below" the current rate of inflation.
Teaching posts in Scotland to be protected
The number of teaching posts in Scotland will be protected from council cuts, Nicola Sturgeon has confirmed.
The first minister told Holyrood it would not be acceptable for the teaching workforce to fall and said her government would "act to protect teacher numbers".
Education secretary Shirley-Anne Somerville is also expected to announce within days a plan to prevent the number of school hours being reduced.
Several local authorities, including SNP-led Glasgow city council, are reported to be considering education cuts to balance their budgets.
The BBC says last week it emerged that Glasgow was considering plans that could see 800 teachers cut and primary schools closing early on Fridays.
Strikes cost Royal Mail £200million
The owner of Royal Mail says the recent wave of strikes at the postal firm have cost it £200million so far.
The row with the Communication Workers Union over pay and conditions has led to 18 days of walkouts since August.
Royal Mail also said the number of voluntary redundancies it needed to hit job cut targets would be much lower than first expected.
The number would be "significantly" less than the 5,000-6,000 it had forecast last year, it said.
This was due to a combination of the company cutting the number of agency and temporary workers it used, and also down to staff turnover.
The BBC says Royal Mail is trying to revamp its business as it moves away from delivering letters - which is no longer profitable - to parcel deliveries, which is a growing market thanks to the popularity of online shopping.
As well as dealing with the ongoing dispute with the CWU, this month Royal Mail has also been trying to tackle problems caused by a cyber-attack which meant it was unable to send letters and parcels overseas.
£320,000 for Hancock
Former health secretary Matt Hancock was paid £320,000 for taking part in ITV's I'm a Celebrity reality show.
The West Suffolk MP remains suspended from the Conservative Party for taking time off from his parliamentary duties to appear on the show.
Mr Hancock said he donated £10,000 to charity from the fee, revealed on the register of MPs' financial interests.
The register also shows former prime minister Boris Johnson was paid £510,000 as an advance for his memoir.
The BBC says it follows the announcement by publishers HarperCollins earlier this month that they had acquired the rights to what was described as a prime ministerial memoir "like no other".
US economy grows by 2.9%
The US economy did better than expected at the end of last year, despite higher borrowing costs and rising cost of living dragging on growth.
The economy grew at an annual rate of 2.9% in the last three months of 2022, official figures show.
That was down from 3.2% in the previous quarter, as home sales and construction tumbled.
The BBC says some analysts are worried that the US economy is headed for recession, although the jobs market has held up.
The unemployment rate is hovering around historic lows, but other parts of the economy have been weakening.
In December, normally a big month for consumer spending, retail sales dropped 1.1% from a month earlier.