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The Latest Breaking News from Inflation

Martin Lewis 'very concerned' amid uncertainty over DWP benefits rise

There are calls for them to increase in line with inflation

Nottingham Post

Eurozone rocked by record inflation as prices soar 10 percent

Eurozone consumer prices skyrocketed by a record 10 percent in September, according to official data released on Friday. Inflation has reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.

Radio France Internationale

Government may consider benefits cut to help fund tax breaks for rich, economists warn

Huge ‘unforced error’ set to push Britain back to George Osborne-era cuts, says think tank

The Independent UK

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A bad year for Wall Street gets even worse, as stock markets finish September down

Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

WEKU

BBC World Service Terminates Arabic Radio after 84 Years

BBC has announced that it will close BBC Arabic radio after 84 years among other radios due to cost, inflation and licensing fees. Nearly 400 staff at BBC World Service will lose their jobs as part of a cost-cutting program and move to digital platforms, the broadcaster announced on Thursday,…

Asharq Al-Awsat

Inflation on RBI radar; repo rate hiked

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised the policy repo rate –

The Hindu

Bill Gates On Long-Term Approach To Climate Change Says You Can Can Call Putin In 10 Years 'And Tell Him You Don't Need Him'

Bill Gates has been a proponent of the drive against climate change and so it doesn't come as a surprise that he lobbied hard for the Inflation Reduction Act of 2022, which was signed into law by President

Benzinga

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Liz Truss faces mutiny from Tory MPs after plans to snatch £1,000 from hard-up families

Tories yesterday said it would be 'untenable' and 'unconscionable' for ministers to go back on a promise to increase benefit payments in line with inflation next year

Daily Mirror

'Pensioners beware, expect the Tory's triple lock to hit the poorest in society'

Paul Routledge says don't fall for more of their lies, the Conservatives are desperate to get shot of the triple lock for good

Daily Mirror

Terrible September for Stocks…How About October?

The fallacy of the summer rally has been dispelled. All those gains have been wiped off the board and now the S&P 500 (SPY) made a new bear market low to close out September. That is the past…now what should we expect in the future? Even more important, how should…

StockNews.com

Michael Hiltzik: Did the pandemic finally give working Americans power over their employers? Not really

Labor advocates have been feeling their oats lately, what with a surge of successful union organizing drives at Starbucks stores, the hint of union interest at Amazon warehouses, higher minimum wage standards in cities and states across the country, and a nudge up of average wages across the board.

Los Angeles Times

S&P 500 closes quarter at lowest in two years: Markets wrap

U.S. stocks suffered their worst monthly rout since March 2020 after markets were repeatedly pummeled by the Federal Reserve’s resolve to keep raising interest rates until inflation is under control.

Tribune News Service

Michael Pascoe: In tough times, we’re still lucky

It might seem perverse, but there’s something reassuring about the markets and so much commentary predicting recession and disaster.

The New Daily

US bear market deepens: What that means for you

US stocks are in a free fall as recession fears and a slew of uncertainties return after a brief late summer rally.

Al Jazeera

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news in one place.

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Al Jazeera

India’s central bank hikes interest rates to tame inflation

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

The Guardian - UK

‘Punishing us’: despair as families face real-term cut to universal credit

Already tough times expected to get worse for millions if Tories drop pledge to raise benefits in line with inflation

The Guardian - UK

Failure to raise benefits would be ‘hostile and harmful’, Truss is warned

PM reneging on Conservative promise to increase benefits in line with inflation ‘morally indefensible’, say experts

The Conversation

Bank of England bonds rescue has two ugly implications: more inflation and an even weaker pound

With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation by raising benchmark interest rates and ending its programme to “create” money through quantitative easing…

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news in one place.

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StockNews.com

3 Stocks to Add to Your Portfolio Before It's Too Late

The Fed’s determination to bring inflation under control with aggressive rate hikes has led to a stock market sell-off. However, this could be an opportunity to add shares of financially robust companies trading below their intrinsic values. Thus, one could consider adding fundamentally sound stocks Microsoft (MSFT), HCA Healthcare (HCA),…

Nottingham Post

Government's energy bill support will 'only marginally' help households

Nottingham experts have had their say on a raft of government policies

The Times of India

Explained: How RBI rate hike may impact your EMIs

NEW DELHI: The Reserve Bank of India's (RBI) decision to raise benchmark lending rates just ahead of the festive season may hit consumers' buying sentiments.

The Conversation

Liz Truss: are the Conservatives facing an electoral meltdown?

The Conservative party is heading into its annual conference amid the catastrophic fallout from Chancellor Kwasi Kwarteng’s mini-budget. The decision to cut tax without a plan to pay for it caused a sharp fall in the value of the pound on currency markets, which reached an all-time low against the…

The Independent UK

Resilient US consumers spend slightly more in August

Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials

Daily Record

SNP demands Kwasi Kwarteng resigns as Chancellor following reports benefits will be frozen

Ian Blackford claimed that Tory economic policies would leave "millions of families across the UK in deep distress".

Tribune News Service

Grocery prices prompt 'trading down' to cheaper alternatives, more awareness of food waste

More grocery shoppers are turning to store brands and frozen food as inflation forces cost-cutting and a drive to reduce personal food waste, recent surveys show.

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