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5 Things You Need To Know, Today, on Wednesday 17th November 2021
5. Japan's exports have snapped seven months of double-digit growth as the supply chain crisis hit the motor industry.
Exports expanded by 9.4% in the year to October, the smallest rise in eight months and lower than forecasts.
4. The shoe retailer Clarks has agreed to allow mediators to help resolve a strike at its warehouse in Street, Somerset.
The Community union, which represents the strikers, says Clarks is using the controversial "fire and rehire" tactics, where a company dismisses workers and re-employs them on less favourable contracts.
3. UK and EU wholesale gas prices have risen by 17% after Germany's energy regulator suspended approval of the controversial Nord Stream 2 natural gas pipeline from Russia to Germany.
It said the pipeline's operating company needed to be compliant with German law before it would certify the €10bn (£8.4bn) project.
2. Lidl has announced pay rises from March next year, which it says will make it the UK's highest-paying supermarket.
It will increase its minimum pay for employees outside London to £10.10 an hour, with rates of up to £11.40 for more experienced workers.
1. The government has announced plans to boost the UK's annual exports to £1 trillion by the end of the decade, whilst last year the UK exported about £600bn in goods and services.
The Made in the UK, Sold To The World plan is intended to help firms seize new opportunities in global markets as currently only one in 10 British firms trades overseas.
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