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5 Things You Need To Know, Today, on Wednesday 2nd March 2022
5. Sainsbury's is set to close 200 of its in-store cafes next month, putting about 2,000 jobs at risk.
The supermarket has also announced plans to close less popular hot food counters in 34 stores.
4. Brent crude oil the international benchmark for oil prices - momentarily hit $110 a barrel, marking the highest level seen in more than seven years after falling back to $94.
It rose even after the International Energy Agency's members agreed to release 60 million barrels of oil from emergency stockpiles.
3. Energy giant ExxonMobil and aviation group Boeing have joined the growing list of companies to take action over Russia's invasion of Ukraine.
ExxonMobil said it will exit a multi-billion dollar joint venture with Russian state-owned company Rosneft & the world's biggest plane maker Boeing said it is suspending operations in Russia.
2. Prices in shops rose at their fastest rate in over a decade in February, the British Retail Consortium (BRC) says.
Shop price inflation jumped from 1.5% in January to 1.8% in February.
1. Apple has become the latest major firm to halt all product sales in Russia, in a widening corporate backlash to the country's invasion of Ukraine.
The iPhone giant said it was "deeply concerned" about the Russian invasion and stands with those "suffering as a result of the violence".