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5 Things You Need To Know, Today, on Thursday 11th November 2021
5. Shares in electric vehicle firm Rivian soared when they started trading on Wednesday, boosting the market value of the firm to $100bn (£74bn).
Rivian shares leapt by 30% on the first day of trading.
4. Four of the world's biggest carmakers have failed to sign a COP 26 summit pledge to only sell zero emissions cars and vans by 2035.
Volkswagen, Toyota, Renault-Nissan and Hyundai-Kia were not among signatories to the climate summit declaration.
3. Tesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares in the electric carmaker.
It comes days after he asked his 63 million Twitter followers whether he should sell 10% of his stake in Tesla.
2. Firms have stepped up salaries for young people as competition for jobs increases, new research suggests.
The typical pay for graduates rose to £30,500 in 2021, up by £833, while school leavers saw a jump of £1,039, according to the Institute of Student of Employers (ISE).
1. China and the US have agreed to boost climate co-operation over the next decade, in a surprise announcement at the COP26 climate summit in Glasgow.
There were joint steps agreed on a range of issues including methane emissions, the transition to clean energy, and de-carbonisation.
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