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5 Things You Need To Know, Today, on Thursday 17th November 2022
5. Elon Musk has told Twitter staff that they must commit to working "long hours at high intensity" or else leave the company, according to reports.
In an email to staff, the social media firm's new owner said workers should agree to the pledge if they wanted to stay.
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4. Clothing group Joules has collapsed into administration, putting 1,600 jobs at risk.
The Leicestershire-based company, which has 132 shops, took the step after failing to secure emergency investment and the firm will be run as a going concern over Christmas while the administrators look for a buyer.
3. Australian mining billionaire Andrew Forrest has launched a fund that is hoped to be worth at least $25bn (£21bn) to help rebuild war-torn Ukraine.
Mr Forrest and his wife have committed $500m to the fund, which its organisers say could eventually grow to $100bn.
2. The takeover of Britain's largest microchip plant by a Chinese-owned company must be reversed, the UK government has said.
Newport Wafer Fab was acquired by Dutch-based technology company Nexperia, a subsidiary of Shanghai listed Wingtech, in July 2021.
1. Chancellor Jeremy Hunt will pledge to face into the economic "storm", as he is expected to confirm widespread spending cuts and tax rises at 12.30pm today.
He will say "difficult decisions" are needed to tackle soaring prices and limit mortgage costs but the state pension and benefits are expected to rise with prices whilst energy support is likely to continue beyond April but will be less generous.