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5 Things You Need To Know, Today, on Monday 9th May 2022
5. The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630).
The world's largest cryptocurrency by market value has now fallen by 50% since its peak in November last year.
4. The boss of Scottish Power has warned that millions of customers face an horrific winter unless there is a major government intervention in energy firms.
Keith Anderson, chief executive of Scottish Power, said another expected rise in energy bills in October to between £2,500 and £3,000 a year could see huge losses for suppliers and many customers unable to pay their bills.
3. The UK has announced a fresh package of sanctions on Russia and Belarus in response to the invasion of Ukraine - targeting £1.7bn of trade.
The Department for International Trade said new import tariffs will apply to goods including platinum and palladium.
2. More people in the UK are struggling to afford to eat every day as food prices rise, according to research by charity the Food Foundation.
Around one in seven adults live in homes where people have skipped meals, reduced meal sizes or gone hungry, an online survey suggested.
1. Rival bidders Morrisons and the EG Group are in a last gasp race to buy the convenience chain McColl's.
Morrisons' final last-minute offer came yesterday but that EG Group, the petrol station empire owned by billionaire Issa brothers, has now met this bid with a revised proposal, which would take on the funding of McColl's pension schemes.