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5 Things You Need To Know, Today, on Friday 29th October 2021
5. Amazon has said it will spend several billion dollars to manage labour shortages and supply chain issues in the run up to Christmas.
The warning came as it revealed its net income had dropped to $3.2bn (£2.3bn) in the third quarter, compared to £6.3bn in 2020.
4. Facebook has changed its corporate name to Meta as part of a major rebrand.
The company said it would better "encompass" what it does, as it broadens its reach beyond social media into areas like virtual reality (VR).
3. US President Joe Biden unveiled a revamped $1.75tn (£1.27tn) spending plan on Thursday, calling it a historic investment in the country's future.
This new proposal is a stripped-down version of the roughly $3.5tn social spending plan Mr Biden unveiled earlier this year.
2. The remaining seven countries on the UK government's Covid travel red list will be removed from next Monday.
Fully-vaccinated arrivals from Ecuador, the Dominican Republic, Colombia, Peru, Panama, Haiti and Venezuela will no longer have to quarantine in a hotel.
1. The UK has condemned "unjustified" threats from France and summoned the country's ambassador in an escalating row over post-Brexit fishing rights.
Foreign Secretary Liz Truss is calling for talks later, asking Catherine Colonna to explain "disappointing and disproportionate threats".
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