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5 Things You Need To Know, Today, on Thursday 28th April 2022
5. Streaming services are set to be regulated by Ofcom for the first time, under new government proposals.
Netflix, Disney+, Amazon Prime Video and other streamers will be given new rules that will bring them in line with traditional broadcasters.
4. British retail sales slumped in April with the first year-on-year fall in volumes in 13 months, reflecting a cost-of-living squeeze and changed spending patterns.
Some 63% of stores reported that sales volumes fell, compared with 28% who experienced a rise.
3. Facebook stopped losing users as 2022 got under way, even as it reported its slowest revenue growth in a decade which compared to 2021 were up just 7% for the first three months of the year, hitting $27.9bn.
The number of daily active Facebook users grew to 1.96 billion in the first three months of the year.
2. Indian billionaire Mukesh Ambani is reportedly eyeing a takeover bid for the UK high street chain Boots.
Mr Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries.
1. Car production in the UK has continued to fall as manufacturers struggle with global supply chain problems.
During the first three months of the year, a total of 207,347 new cars were built in the UK, down 100,000 on the same three months in 2021.