5 Things You Need To Know, Today, on Monday 31st October 2022
Episode 990, Oct 31, 2022, 06:56 AM
5 Things You Need To Know, Today, on Monday 31st October 2022
5. Workers have broken out of Apple's largest iPhone assembly factory in China after a Covid outbreak forced staff to lockdown at the workplace.
Video shared online showed about 10 people jumping a fence outside the plant, owned by manufacturer Foxconn, in the central city of Zhengzhou.
(Click here to read more)
4. Elon Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts.
Last week, Musk completed his $44bn (£37.9bn) takeover of the social media platform after months of legal wrangling.
(Click here to read more)
3. Energy supplier Octopus Energy is to buy its smaller competitor Bulb after it collapsed last year amid rising gas and electricity prices and has since been run by the government.
Its 1.5 million customers will not see any change or disruption to energy supplies, the Department for Business, Energy and Industrial Strategy said & the value of the deal is rumoured to be worth between £100m and £200m.
(Click here to read more)
2. Russia has announced it is suspending its involvement in the internationally-brokered deal that allows Ukraine to export grain from its Black Sea ports.
It comes after Russia accused Ukraine of a "massive" drone attack on the Black Sea Fleet in Sevastopol, Crimea.
(Click here to read more)
1. The Bank of England looks set to raise borrowing costs by the most since 1989 on Thursday even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak.
As well as raising interest rates for an eighth meeting in a row - this time by three-quarters of a percentage point according to most analysts - the BoE is also due to become the world's first big central bank to start selling bonds from its stimulus stockpile.
(Click here to read more)
5. Workers have broken out of Apple's largest iPhone assembly factory in China after a Covid outbreak forced staff to lockdown at the workplace.
Video shared online showed about 10 people jumping a fence outside the plant, owned by manufacturer Foxconn, in the central city of Zhengzhou.
(Click here to read more)
4. Elon Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts.
Last week, Musk completed his $44bn (£37.9bn) takeover of the social media platform after months of legal wrangling.
(Click here to read more)
3. Energy supplier Octopus Energy is to buy its smaller competitor Bulb after it collapsed last year amid rising gas and electricity prices and has since been run by the government.
Its 1.5 million customers will not see any change or disruption to energy supplies, the Department for Business, Energy and Industrial Strategy said & the value of the deal is rumoured to be worth between £100m and £200m.
(Click here to read more)
2. Russia has announced it is suspending its involvement in the internationally-brokered deal that allows Ukraine to export grain from its Black Sea ports.
It comes after Russia accused Ukraine of a "massive" drone attack on the Black Sea Fleet in Sevastopol, Crimea.
(Click here to read more)
1. The Bank of England looks set to raise borrowing costs by the most since 1989 on Thursday even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak.
As well as raising interest rates for an eighth meeting in a row - this time by three-quarters of a percentage point according to most analysts - the BoE is also due to become the world's first big central bank to start selling bonds from its stimulus stockpile.
(Click here to read more)