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5 Things You Need To Know, Today, on Thursday 14th April 2022
5. The French beauty brand L'Occitane says it will keep its shops in Russia open despite the invasion of Ukraine.
The firm saidit had discussed closing its stores "at length" but said it had not because it wanted to protect staff from potential "retaliation".
4. Sri Lanka is about to default on its debts, as it faces its worst economic crisis in more than 70 years.
Two of the world's largest credit rating agencies, S&P Global Ratings & Fitch Ratings, have lowered its assessment of the South Asian nation, saying "a sovereign default process has begun".
3. Russian billionaire Roman Abramovich has had $7bn (£5.4bn) of assets linked to him frozen by a Jersey court.
On Tuesday, Jersey Police searched premises suspected to be connected to his business activities on the island.
2. Tesco profits more than trebled last year to just over £2bn, up from £636m the previous year, amid rising sales and a fall in Covid-related costs.
However, Tesco warned of "significant uncertainties" and said performance would be affected by the the investment needed to keep prices down.
1. Prices are rising at their fastest rate for 30 years, driven by a sharp increase in petrol and diesel costs.
The UK inflation rate rose to 7% in the year to March, the highest rate since 1992 and up from 6.2% in February.