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5 Things You Need To Know, Today, on Monday 20th September 2021
5. Hong Kong-listed shares in Evergrande, China's second biggest apartment developer, fell as much as 15 per cent in early trading today, while broader concerns about the health of China’s real estate sector triggered a wider sell-off.
The company which has 1,300 projects in more than 280 Chinese cities - is already more than two trillion yuan (£225 billion) in debt.
4. More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit.
The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009.
3. The relaxation of travel restrictions in England will give airlines a "shot in the arm", an industry group has said.
Airlines UK welcomed the government simplifying the traffic light system and reducing testing requirements.
2. The boss of a US company that supplies 60% of the UK's food-grade carbon dioxide supply has held crisis talks with the government over shortages.
High global demand for gas has been blamed for the recent surge in prices and Carbon dioxide is used to stun animals prior to slaughter and in dry ice form to keep food fresh for storage and transport.
1. The government is considering offering emergency state-backed loans to energy companies as firms battle to stay afloat amid surging gas prices.
Smaller suppliers face ruin as price hikes have made their price promises to customers undeliverable.