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  • Today's business and finance round up 13th May 2022

Today's business and finance round up 13th May 2022

UK economy shrinks as consumers cut back

May 13, 2022

13th May 2022

Bite-sized business news from the UK and beyond

Good morning Due to soaring oil prices and the sell-off in tech shares, energy giant Saudi Aramco overtook Apple as the most valuable company in the world this week with a market value of $2.4tr.In better news for Apple customers, the company is reportedly planning to replace its infamous lightning port with the more widely used USB-C next year. Consider this a win for your charger collection.

Today's stories

  • UK economy shrinks as consumers cut back

  • Deliveroo strikes landmark deal with trade union

ECONOMYUK economy shrinks as consumers cut back

Other stories to keep you in the loop

  • BT and Warner Bros Discovery join forces to create pay-TV sport business

  • Royal Mail reveals plans for 50 new postal drone routes

  • Aviva chief responds to 'sexist' shareholder jibes

  • Disney's results below expectations but streaming provides a shining light

  • Japan's SoftBank sinks to $28bn loss as investments sour

  • Bloomberg launches UK arm to take on British press

  • JD Sports raises profit targets again despite footwear shortages

  • Zara starts charging for online returns

  • Tesco to open office space in supermarkets

FOODDeliveroo strikes landmark deal with trade union

Stat of the day

China consumes 26% of the world's energy supply, the country's usage has tripled since 2000

Interesting links from around the web

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