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5 Things You Need To Know, Today, on Wednesday 1st September 2021
5. Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike in food prices.
Authorities say they will take control of the supply of basic food items, including rice and sugar, and set prices in an attempt to control rising inflation.
4. India's economy rebounded at a record rate in the three months to the end of June even as a devastating second wave of Covid-19 hit the country.
Gross domestic product (GDP) grew by 20.1% for the April to June quarter compared to a year earlier.
3. The global shortage of computer chips has had a significant impact on the car industry and is unlikely to improve before the end of the year, according to Vauxhall Motors.
Vauxhall's managing director Paul Wilcox told the BBC that the industry was facing a "problem" for the next two or three months however, he insisted there was no need for a major overhaul of supply chains.
2. Ryanair is expecting a "very strong recovery" in European short-haul flights, according to its chief executive, Michael O'Leary.
The airline, which forecast its capacity should return to pre-pandemic levels, has also launched 14 new routes from London airports.
1. A more eco-friendly petrol is coming to British filling stations this month, but a quarter of drivers do not know whether their cars can run it, new research says.
The government intends to make E10 the new standard petrol grade as it contains less carbon than other fuels and more ethanol, a kind of alcohol manufactured from plants.