5 Things You Need To Know, Today, on Monday 11th November 2019
Justin Waite
5 Things You Need To Know
06:12, 11th November 2019

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5 Things You Need To Know, Today, on Monday 11th November 2019

5. Chinese e-commerce giant Alibaba Group said sales for its annual Singles’ Day shopping blitz hit $22.63 billion (158.31 billion yuan) in its first nine hours, up 25% on the same point last year.

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4. Thousands of UK workers will enjoy a pre-Christmas pay rise if their employer is a member of the "real living wage" campaign.

Businesses who have signed up to the voluntary scheme will lift their UK hourly rate by 30p to £9.30.

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3. A British Airways whistleblower has revealed an industry-wide practice that deliberately adds weight to flights, increasing greenhouse gas emissions.

"Fuel tankering" sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports.

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2. British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK.

Jingye Group has agreed in principle to buy British Steel for £70m.

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1. Chancellor Sajid Javid said the Labour Party’s “reckless” spending plans would trigger an economic crisis within months if they win the December 12th election, citing a contested dossier published by his Conservative Party.

Labour strongly dismissed the report, which said it would increase spending by 1.2 trillion pounds ($1.5 trillion) over the next five years, calling it fake news.

(Click here to read more)  

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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