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5 Things You Need To Know, Today, on Wednesday 24th November 2021
5. The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices.
The move is being taken in parallel with other major oil-consuming nations, including China, India, Japan, South Korea and the UK.
4. Traditional continental Christmas markets that fill town squares and city centres across the UK will be smaller and less European this year.
The Covid pandemic has meant 10,000 professional full-time stallholders have left the industry.
3. Samsung has chosen a site close to the city of Taylor in Texas for its new $17bn (£12.7bn) computer chip plant, amid a global shortage of semiconductors.
It is the South Korean electronics giant's biggest-ever US investment and expected to create 2,000 technology industry jobs, with construction starting early next year.
2. Budget changes that boost the income of some working people on universal credit come into force from now, the government has announced.
Workers will now take home 8p more of any extra pound earned, owing to a shift in the so-called taper rate.
1. House sales tumbled by more than half during the first few weeks after the end of the extended stamp duty holiday in England and Northern Ireland, leading to the quietest October property market for almost a decade.
After a record surge in activity earlier in the year, transactions across the UK slumped by 52% in a month to reach 76,930 in October.
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