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5 Things You Need To Know, Today, on Friday 9th September 2022
5. The youngest daughter of the late Apple co-founder Steve Jobs has joined the chorus of critics reviewing Apple's latest iPhone - and she is unimpressed.
In an Instagram story captioned "Me upgrading from iPhone 13 to iPhone 14", Eve Jobs shared a picture of a man proudly unwrapping a new shirt identical to the one he is wearing.
4. The European Central Bank (ECB) has hiked its key interest rates by an unprecedented 75 basis points, signalling that further rises are likely.
On Thursday afternoon, the bank - which makes monetary policy for the eurozone and the European Union - lifted the deposit rate from zero to 0.75% and the main refinancing rate was lifted to 1.25%, the highest level since 2011.
3. British retailers saw the slowest growth in sales since the end of COVID-19 lockdowns last year as shoppers tightened their belts in the face of soaring inflation.
Total like-for-like retail sales increased by 3.6% in August compared with the same month last year and online sales fell by 0.6%, their first decline since March.
2. New Prime Minister Liz Truss will limit energy bill rises for all households for two years as the new prime minister tries to prevent widespread hardship.
A typical household energy bill will be capped at £2,500 annually until 2024.
1. Some of the biggest looming strike actions have been called off after the death of Queen Elizabeth II.
Unions representing Royal Mail postal workers and rail staff said that "out of respect for her service to the country and her family" they had chosen to cancel immediate strike action.