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5 Things You Need To Know, Today, on Monday 17th January 2022
5. The chairman of global banking giant Credit Suisse, Antonio Horta-Osorio, has resigned with immediate effect after an internal company probe.
The former boss of Lloyds Banking Group was reportedly found to have broken the UK's Covid-19 quarantine rules.
4. The average cost of a basic funeral has dropped for the first time in 18 years, but is predicted to rise again in the future, a report has found.
Funeral costs fell 3.1% to an average of £4,056 last year.
3. Asking prices for British homes rose by the most in annual terms in nearly six years in early 2022.
Property website Rightmove said that the average price of property put up for sale rose by 0.3% in January, taking the 12-month increase to 7.6%, the highest annual rate of price growth since May 2016.
2. China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed.
Gross domestic product (GDP) grew by 8.1% for the year and 4% for the last three months of 2021 from a year earlier, better than most economists had predicted but was a lot slower than the previous quarter.
1. GlaxoSmithKline has rejected three Unilever offers to buy its consumer goods division, including one worth £50bn, which would make it one of the biggest ever deals involving London-listed firms.
GSK said the proposals "fundamentally failed" to reflect the value of the division.