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5 Things You Need To Know, Today, on Tuesday 21st June 2022

5. The owner of iconic British chocolate brand Cadbury has announced that it is buying US energy bar maker Clif Bar & Company for $2.9bn (£2.4bn).

Mondelez International - which also owns Oreo, Toblerone and Milka - says the deal will help drive its plans to "lead the future of snacking".

(Click here to read more)

4. Imports from China's Xinjiang region are due to be banned in the US from today as new rules come into force.

Under the regulations, firms will have to prove imports from the region are not produced using forced labour.

(Click here to read more)

3. More than 14,000 staff at Rolls Royce will be offered a £2,000 one-off payment to help with the rising cost of living in the UK.

The payment will be for junior management and shop floor staff, mainly based at the company's Derby and Bristol sites, said the manufacturer.

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2. Annual pay rises agreed at British workplaces steadied last month at a historically high rate but fell further behind soaring inflation, that suggested fears of a wage-price spiral may be overdone.

XpertHR, a pay and personnel data publisher, said employer pay deals for the three months to May stood at a median 4%, unchanged from the previous month.

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1. Passengers in England, Scotland and Wales face severe disruption after last-ditch talks failed to stop the biggest rail strikes in 30 years.

Thousands of staff at Network Rail and 13 rail operators are due to walk out on today, affecting most major lines.

(Click here to read more)