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5 Things You Need To Know, Today, on Tuesday 26th October 2021
5. Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone.
Shares in the electric carmaker climbed 12.6% after it struck a deal to sell 100,000 vehicles to the car rental firm Hertz.
4. Facebook has posted better-than-expected earnings for the third quarter, as it continues to face bad press over leaked internal documents.
The social media giant made $9bn (£6.5bn) of profit in the three months to September, up from $7.8bn last year.
3. The online travel agent On the Beach has launched legal action against Ryanair in the High Court.
It claims the budget airline has tried to prevent it from booking seats on flights on behalf of its customers, as well as making its customers go through costly and onerous check-in procedures.
2. Workers on the minimum wage are set to get a pay boost from April, with the rate for those aged over 23 rising to £9.50 an hour from £8.91.
The rise means a full-time worker will get £1,074 extra a year before tax.
1. At least 1.3m public sector workers are set to see their wages rise next year after the government confirmed their pay freeze is being lifted.
Chancellor Rishi Sunak will use his Budget on Wednesday to say nurses, teachers and members of the armed forces are among those set to benefit.
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