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5 Things You Need To Know, Today, on Wednesday 4th May 2022
5. Russia has avoided defaulting on its government debts by making necessary payments in US dollars, shortly before the final deadline passed on 4 March.
$650m (£520m) of payments on international bonds were originally due on 4 April.
4. Amazon has stopped letting customers download e-books and any other digital content from its Android shopping app and is asking them to instead buy books via its website or Kindle app.
Since April, companies with an annual turnover above $1m (£800,000) must pay 30% commission on all in-app purchases to Android owner Google, which also handles all payment transactions.
3. Brewdog boss James Watt has set out plans to give away nearly a fifth of his equity stake to the firm's staff.
Mr Watt owns a quarter of the fast-growing Aberdeenshire-based beer maker.
2. Some energy suppliers have been given a three-week deadline to explain accusations they have increased customers' direct debit payments by "more than is necessary".
Jonathan Brearley, boss of the energy regulator Ofgem, recently said there were "troubling signs" of the tactic.
1. Shop prices in Britain surged last month at the fastest rate in more than a decade and worse is to come.
The British Retail Consortium said prices in store chains rose by an annual 2.7% in April, accelerating from a 2.1% rise in the 12 months to March and marking the highest rate since September 2011.