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5 Things You Need To Know, Today, on Monday 11th April 2022
5. Elon Musk has decided not to join the board of Twitter, the company's chief executive Parag Agrawal says.
Musk's appointment was due to become effective on Saturday after revealing last week that he had bought a 9.1% stake in the social media platform.
4. UK hauliers carrying perishable goods say products are losing quality and value as they are forced to sit in long queues to cross into Europe at Dover.
Bad weather, Easter holidays and P&O Ferries routes being suspended have all led to congestion around the port.
3. Ukraine's economy is set to shrink by almost half this year as a result of the war, the World Bank has said.
The institution forecasts Russia's invasion will cause more economic damage across eastern Europe and parts of Asia than the coronavirus pandemic.
2. A 3.1% rise in the state pension and various benefits has now taken effect but charities have warned it fails to tackle cost of living pressures.
Official figures show that prices are rising twice as fast, and they are expected accelerate further.
1. Energy firm Ineos says it wants to build a fracking test site to show the process can be performed safely.
The company claimed extracting shale gas in the UK could make the country "self-sufficient in 10 years".