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5 Things You Need To Know, Today, on Tuesday 21st September 2021
5. Prezzo has announced it will give its staff a pay rise next month and close all of its restaurants on Boxing Day.
The Italian-themed restaurant chain said all 2,500 staff would see their wages go up by an average of 4%.
4. Pimlico Plumbers has been sold to US home services group Neighborly.
The deal will see founder Charlie Mullins offload his 90% stake in the group and is expected to be worth between £125m and £145m.
3. Asian stock markets were down yesterday amid concerns around Chinese property group Evergrande and the impact on China's financial system.
Japan's benchmark the Nikkei 225 was also 2% lower, the Dow Jones in the US ended trade 1.8% down which followed similar falls in Europe, with Germany's Dax losing 2.3%, and the Cac 40 in France down 1.7% & The FTSE 100 in the U.K. down 0.86%.
2. The US is easing its coronavirus travel restrictions, reopening to passengers from the UK, EU and other nations.
From November, foreign travellers will be allowed to fly into the US if they are fully vaccinated, and undergo testing and contact tracing.
1. There is "no question of the lights going out" this winter as a result of huge rises in gas prices, the business secretary has said.
Kwasi Kwarteng said he does "not expect supply emergencies" and described warnings about shortages as "alarmist".