Thursday newspaper round-up: Youth employment, SpaceX, EY

(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian McDonald's says it has removed an AI-generated Christmas advertisement in the Netherlands after it was criticised online. The ad, titled "the most terrible time of the year", depicts scenes of Christmas chaos, with Santa caught in a traffic jam and a gift-laden Dutch cyclist slipping in the snow. And the message? Retreat to a McDonald's restaurant until January and ride out the festive season. - Guardian

Elon Musk has hinted at a possible SpaceX initial ⁠public offering. Reports emerged on Wednesday that his rocket-making company could be listed on the stock market in 2026 - a move that would make Mr Musk, who is already the richest person in the world, a trillionaire. The Tesla and SpaceX founder called the reports "accurate" during a social media exchange with Eric Berger, a journalist writing about the space industry. - Telegraph

Democrats have threatened to unravel Paramount's proposed takeover of Warner Bros once Donald Trump, the US president, is out of power. Warner Bros had agreed to an $83bn (£62bn) takeover by Netflix for its studio and streaming networks but is now fending off a power grab by Paramount, which has taken its offer straight to shareholders. - Telegraph

Oil is to be produced off the Falkland Islands for the first time after Israel's Navitas Petroleum and Britain's Rockhopper Exploration have taken their final investment decisions on development of the Sea Lion field. The $2.1 billion first phase of the project is expected to produce first oil by 2028 and is targeting 170 million barrels, with expected output of 50,000 barrels per day at peak. - The Times

EY is once again under investigation from Britain's accounting industry regulator after some clients were issued with auditor's reports that had not been signed off by a senior partner. While it is common for dozens of staff to work on an audit, the final report is required to be checked over and signed off by the senior partner leading the work, also known as the responsible individual or statutory auditor, before it is issued. - The Times