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5 Things You Need To Know, Today, on Monday 5th July 2021

 

5. China's ride-hailing company Didi has warned there will be an adverse impact on its revenues after its app was removed from Chinese stores.

China's internet regulator ordered app stores to stop offering Didi's app on Sunday just days after the tech giant began selling shares on the New York Stock Exchange.

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4. A new regulator will be set up with the power to prosecute property developers that do not meet safety standards, the government has announced.

The new safety regime is designed to prevent any repetition of the Grenfell Tower disaster, which killed 72 people in 2017.

(Click here to read more)

 

3. John Lewis has announced plans to move into the residential property market by building 10,000 homes for rental over the next few years.

The department store chain said it wanted to address the national housing shortage and support local communities and give the firm a stable, long-term income, as well as providing new job opportunities.

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2. A group of business leaders has urged ministers to "set the country clearly on the path to recovery" by encouraging people to return to the office.

Firms needed to know what the end of Covid restrictions would mean in practice, more than 50 leaders said in a letter to PM Boris Johnson.

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1. Boris Johnson is preparing to set out details of the final step of England's roadmap out of lockdown.

The PM is expected to announce the next steps on social distancing, face coverings and working from home, as well as on care home visits, during a No 10 news conference later.

(Click here to read more)