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5 Things You Need To Know, Today, on Friday 11th February 2022
5. Binance, one of the world's biggest cryptocurrency firms, will take a $200m (£147.6m) stake in Forbes in the latest twist for the 105-year-old media brand.
Forbes, known for its ranking of billionaires, said the deal would help make it a leader supplying information about digital assets, like Bitcoin.
4. Apple plans to introduce a number of changes to make it harder to misuse AirTags to track someone.
The company said its changes to the device will make suspicious tags easier to find, and alert users earlier that an AirTag may be travelling with them.
3. Beer sales plunged in the UK during the Covid pandemic as people avoided pubs and drank wine and spirits at home instead, industry analysis found.
Pubs, bars and restaurants lost £5.7bn of revenue from beer sales in 2021 alone, the British Beer and Pub Association (BBPA) said.
2. Winding up petitions have been issued against four companies owned by metals tycoon Sanjeev Gupta, one of the firms include Speciality Steel UK Limited, a division of Liberty Steel, which employs about 2,000 people in England.
The Financia Times have reported that the four companies owe HM Revenue & Customs (HMRC) £26.4m.
1. The government is failing to put enough effort into finding fraud in some of its COVID-19 support programmes as taxpayers face losing at least 4 billion pounds ($5.43 billion) to criminals and mistakes, a parliamentary report said.
The Public Accounts Committee, which scrutinises state spending, said the lenient approach will encourage future criminal activity because the government risks "rewarding the unscrupulous" and officials seen to be "soft on fraud".