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5 Things You Need To Know, Today, on Thursday 15th July 2021
5. India's central bank has barred Mastercard indefinitely from issuing new debit or credit cards to domestic customers.
The Reserve Bank of India has accused the company of violating data storage laws.
4. John Lewis and Waitrose are planning to cut 1,000 jobs as part of a shake-up of store management.
The move follows the closure of eight John Lewis shops earlier this year, which put almost 1,500 jobs at risk.
3. The Chinese economy's sharp rebound from the coronavirus pandemic has now slowed, official figures show.
Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year, less than half the rate seen in the previous quarter and missed economists' forecasts of 8.1% growth.
2. The music industry is weighted against artists, with even successful pop stars seeing "pitiful returns" from streaming, a committee of MPs has said.
They are calling for a "complete reset" of the market, with musicians given a "fair share" of the £736.5 million that UK record labels earn from streaming.
1. The government has said it "expects and recommends" shoppers to wear face masks from Monday, but they will not be required by law.
Social distancing will also not be a requirement and people working from home can start to return to work.