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5 Things You Need To Know, Today, on Friday 12th November 2021
5. Chinese e-commerce giant Alibaba's Singles Day is known for being the world's biggest online shopping extravaganza.
Sales for the 11-day event rose at their slowest rate since it was launched in 2009, up 8.5% on last year, but customer spending still hit a fresh record high of 540.3bn yuan ($84.5bn; £63.2bn).
4. The Tulip skyscraper will not be built after a government panel found it to be "poor and unsympathetic to the historical context" of the capital.
The 1,000ft (305m) tower was initially approved by the City of London Corporation, but the plans were rejected by London's mayor.
3. Driving instructors, prison officers and forklift truck drivers are amongst the jobs in highest demand, the Recruitment and Employment Confederation (REC) said.
This comes as job adverts have soared to a record high in the run-up to Christmas, with adverts for prison officers rising 13%.
2. Chemicals company Johnson Matthey has scrapped plans to capture a slice of the market for electric car batteries in a surprise move that saw its shares tumble up to 20%.
It said rivals were too far ahead in the technological race, and the battery chemicals arm would go up for sale.
1. UK economic growth slowed between July and September to 1.3% as supply chain problems hindered the recovery, meaning the economy is 2.1% smaller than in the final three months of 2019
The Office for National Statistics said consumer spending increased as Britain continued to emerge from lockdown.
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