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5 Things You Need To Know, Today, on Thursday 25th November 2021
5. JP Morgan boss Jamie Dimon has apologised after saying his Wall Street bank would outlast China's Communist Party.
The comments, made at a US event, sparked anger in China, with experts warning they could jeopardise the bank's ambitions in the country.
4. The US government has added a dozen more Chinese companies to its trade blacklist, citing national security and foreign policy concerns.
Washington says that some of the firms are helping develop the Chinese military's quantum computing programme.
3. Bank of England policymaker Silvana Tenreyro said that she was thinking "more in the medium term" about the question of when they should start to raise interest rates, however financial markets are now betting heavily on a rate hike on Decemeber 16 after its next meeting.
The BoE Monetary Policy Committee voted to keep borrowing costs on hold earlier this month, a decision that shocked many investors who had been expecting an increase.
2. Britain could face shortage of wine and spirits at Christmas, a drinks trade body has warned.
In a letter to Transport Secretary Grant Shapps, the Wine and Spirit Trade Association (WSTA) said rising costs and supply chain chaos have held up deliveries.
1. The UK government has set aside nearly £1.7bn to allow energy firm Bulb to continue supplying energy to customers.
The firm was put into special administration on Wednesday and will be run by administrator Teneo until a buyer can be found or until its customers have moved.
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