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5 Things You Need To Know, Today, on Tuesday 5th April 2022
5. Sri Lanka's central bank is set to name a new chief, as the nation faces its worst economic crisis in over 70 years.
P Nandalal Weerasinghe will take up the position of the bank's governor on Thursday after the bank's previous head offered his resignation on Monday, amid mass protests over rising living costs and power cuts.
4. The Treasury has announced that it will regulate some cryptocurrencies as part of a wider plan to make the UK a hub for digital payment companies.
So-called "stablecoins" will become recognised forms of payment to give people confidence in using digital currencies, it said.
3. Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing.
The announcement sent Twitter shares soaring by more than 27% in New York trading on Monday.
2. The government has decided to go ahead with plans to privatise Channel 4.
A source said ministers believed public ownership was holding the broadcaster back "in the face of a rapidly changing media landscape".
1. Airline EasyJet is expected to cancel more flights in the coming days due to high levels of staff absence.
Around 60 flights to and from the UK are likely to be grounded on Tuesday following 62 cancellations on Monday, British Airways also cancelled 62 flights due to covid.