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The Latest Breaking News from Inflation

Apple's New iPhones, Watches Are Coming at a Tough Time for Consumers

Apple Inc on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom. Analysts expect Apple to announce that the latest iPhones can send emergency messages using…

Asharq Al-Awsat

Bill on data privacy will be ready 'soon', says Nirmala Sitharaman

NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday assured that the new bill on data privacy will be ready "soon" and the Information Technology minister has been diligently working on it.

The Times of India

UK’s broadband firms set for £1.7bn windfall with above-inflation price rises

Exclusive: annual bill increases are often several percentage points higher than the January CPI or RPI rate

The Guardian - UK

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Plea for new Prime Minister to plug council’s £20m budget gap

The town hall has blamed Covid and inflation

Manchester Evening News

Asian shares decline on Wall Street losses, rate worries

Asian shares are mostly lower, as pessimism prevailed about higher interest rates ahead and Wall Street continued a slump

The Independent UK

Utah's Evan McMullin upends two-party fight for US Senate

Utah's Evan McMullin is emerging as the nation’s most competitive independent candidate running for U.S. Senate in the 2022 midterm elections

The Independent UK

China's export growth sinks in August, imports shrink

China’s export growth weakened in August and imports shrank as high energy prices, inflation and anti-virus restrictions weighed on global and Chinese consumer demand

The Independent UK

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With inflation soaring, reliance on credit to meet monthly expenses has increased for 62% in India: Survey

NEW DELHI: Soaring inflation in India has pushed up expenses sharply. A survey by fintech major BankBazaar said nearly 62% of people have been relying on credit to meet their daily expenses, while savings have gone down for almost 80% of India's salaried class.

The Times of India

Bank of Thailand to hike rates gradually to contain inflation

The Bank of Thailand (BoT) will raise interest rates gradually to curb inflation risks and ensure a smooth recovery as the economy is expected to return to pre-coronavirus-pandemic levels late this year or early next year, BoT governor Sethaput Suthiwartnarueput said.

Bangkok Post

No kerosene, no food, Sri Lanka's fishermen say

As the sun rose over Sri Lanka one morning in late August, around a dozen fishermen were laying out their nets on a beach in Mannar, a small island just off the country's northwestern coast, the start of the day's work.

Reuters

How the latest RBA interest rate rise will impact WA, the most mortgaged state in Australia

Data shows WA is the most mortgaged state in the country and has the largest gap between wage growth and inflation, but comparatively low house prices continue to shield sandgropers from further pain as interest rates rise yet again.

ABC News

Biden touts legislative record as midterms approach

The news is filled with stories about investigations into former President Donald Trump and the fallout over the Supreme Court's ruling on abortion

The Independent UK

2 Vulnerable Social Media Stocks to Get Rid of Now

U.S social media ad sales have cooled since last year due to the inflationary backdrop. Moreover, with ad spending expected to slow down next year, we think the social media stocks Twitter (TWTR) and Snap (SNAP) might be avoided now. Read more….

StockNews.com

Kwasi Kwarteng: Long-term Liz Truss ally to hold nation’s purse strings

The new Chancellor inherits an economy forecasted to plunge into a prolonged recession as inflation soars to eye-watering levels

Evening Standard

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The Guardian - UK

Cost of living and climate are higher global priorities than Ukraine, poll finds

But there remains strong support in many countries for Russian military withdrawal from Ukraine, survey finds

AAP

GDP lifts 0.9pct in June quarter

Real GDP increased by 0.9 per cent for the June quarter and was 3.6 per cent higher over the year to June.

The Guardian - AU

Economists predict slowdown for Australian economy as interest rates continue to rise

Soaring commodity exports and positive agricultural forecast expected to be balanced by Reserve Bank’s moves to counter inflation

Tribune News Service

Inflation pushes minimum wages higher in some states

DENVER — Low-wage workers in more than a dozen states — and many more cities — could get unexpectedly large raises next year, thanks to minimum wage increases that will reflect soaring consumer prices.

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StockNews.com

3 Great Stocks You Can Buy for Less Than $50 Right Now

The stock market has been under pressure amid the high inflation and the Fed’s hawkish tilt. However, the favorable August job report could help the Fed achieve a soft landing. Given this backdrop, we think investors should invest in fundamentally sound stocks The Kroger (KR), Hillenbrand (HI), and Genie Energy…

Tribune News Service

Where’s Ted Budd in campaign for US Senate race? Maybe right where he wants to be

CHARLOTTE, N.C. — Republican Rep. Ted Budd is “MIA on the campaign trail,” the N.C. Democratic Party said in an August email to supporters.

Irish Mirror

Taoiseach Micheal Martin promises cost of living package will be 'substantial'

'We will go as far as we can, in terms of resources we have and ensure we don’t make the inflation situation worse'

The Independent UK

We need to be prepared for what Trussonomics will mean

What we are about to get is the exact opposite of Thatcherism: an inflationary boom where we try to live beyond our means, but delivered with Thatcheresque determination, writes Sean O’Grady

Los Angeles Times

A hyperpolarized, deeply fragile 2022 election: Democrats’ energy over Roe blunts GOP advantage

At the start of 2022, the political consensus was Democrats were toast. Inflation was at record highs, President Joe Biden’s approval numbers were slumping and precedent pointed to odds heavily stacked against the party that held the White House in the November midterms.

Glasgow Live

The biggest supermarket price rises revealed out of Morrisons, Tesco, Asda and Aldi

Supermarket prices have continued to rise alongside energy bills and inflation rates, as the cost of living soars even further - but which out of the big six stores have increased the most?

The New Daily

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

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