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5 Things You Need To Know, Today, on Tuesday 3rd August 2021
5. Qantas says it will stand down 2,500 staff as a lockdown in Sydney impacts air travel across Australia.
The furlough - affecting pilots, crew and airport workers - will last for at least two months, the airline said.
4. Goldman Sachs has increased its salaries for younger bankers following complaints of long working hours.
It is understood that first-year investment bank analysts globally will get a pay rise this year to $110,000 (£80,000) from a previous $86,000.
3. Twitter co-founder Jack Dorsey's digital payments platform Square has agreed to take over the Australian 'buy now, pay later' firm Afterpay.
The $29bn (A$39bn; £21bn) deal is set to be Australia's biggest-ever buyout.
2. The UK government has said it is "closely monitoring" the planned £6.3bn takeover of defence and aerospace firm Meggitt by a US company.
The statement by the Department for Business comes after Parker-Hannifin announced its 800p-a-share offer for Coventry-based Meggitt which employs 9,000 people worldwide, including 2,300 in the UK.
1. A proposal to create an "amber watch-list" of countries at risk of moving to red in the travel traffic light system has been abandoned and no new categories would now be added.
It comes after Boris Johnson said he wanted a "simple" and "balanced approach" to pandemic travel.