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The Latest Breaking News from Inflation

New Zealand extends fuel excise duty cut until the end of January to ease inflationary pressures

The New Zealand government extends cuts in fuel excise tax, road user charges and public transport fares until the end of January, as families struggle with higher living costs.

ABC News

Rishi Sunak: I’ll deliver tax cuts after getting grip on inflation

Former chancellor says curbing spiralling prices is ‘number one economic priority’

The Independent UK

Manchin in driver’s seat again after inflation fears vindicated

WASHINGTON — Nearly a year ago, Sen. Joe Manchin wrote Fed Chair Jerome Powell to raise alarm that the central bank’s policies would overheat the economy, a fixation that made the West Virginia Democrat an outlier in his party.

Tribune News Service

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'It's A Platform That Makes It Easy For Anyone To Invest In Rental Properties' CEO Of Arrived Homes On Benzinga's Real Estate Podcast

Welcome to Benzinga's Real Estate Podcast. Today, we have Ryan Frazier, who's the CEO of the real estate investment platform Arrived Homes.

Benzinga

The US’s selfish war on inflation will tip the world into recession

As the Fed raises interest rates, dollar-denominated loans become an unsustainable burden to states around the globe

The Guardian - UK

Andy Haldane: we can fix the cost of living crisis. But will we?

The Bank of England’s former chief economist has a clear idea of what caused the current inflation mess, but fears the UK lacks any clear plan for solving it

The Guardian - UK

Don’t Be a Sucker…the Worst Is Still to Come

Inflation news provides more signs the worst in the stock market (SPY) is not behind us. Earnings season is providing more signs the worst is not behind us. Economic reports are providing more signs the worst is not yet behind us. The only confusion is all the silly little "suckers…

StockNews.com

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Saudis warn against 'unrealistic' energy policies

JEDDAH, Saudi Arabia: “Unrealistic” policies regarding energy sources will only push up costs and lead to “unprecedented inflation”, Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday.

Bangkok Post

Economics made simple: 10 experts on where the cost of living crisis came from, and where it’s heading

Rampant inflation, war in Ukraine, Brexit… we ask 10 experts to explain what the economic crisis means for Britain and how we should respond

The Guardian - UK

Rishi Sunak's levelling up pledge as he visits North East during Tory leadership race

Amid his campaign to be the next Prime Minister, Rishi Sunak travelled to Teesside where he pledged to ensure that the North remains at the forefront of Government thinking

Chronicle Live

Week's Biggest EV Stories: Tesla Loses High-Profile Executive, Canoo Runs On Twin Contracts, Fisker Poaches BMW Executive And More

Electric vehicle stocks meandered to a mixed close in the week ending July 15 following a uniformly strong close in the previous week. Inflation worries roiled the broader market in the past week as the metric climbed to a fresh 40-year high in June. This in turn reignited worries regarding a…

Benzinga

Rishi Sunak tells Tory rivals inflation must be beaten before taxes can be cut

Speaking during a visit to Teesside, where he secured the backing of regional mayor Ben Houchen, Mr Sunak doubled down on his message

Manchester Evening News

Sunak tells Tory rivals inflation must be beaten before taxes can be cut

The former chancellor said curbing spiralling prices is the ‘number one economic priority’ following clashes in the first TV debate.

The Independent UK

Asda, Morrisions, Tesco, Aldi and Lidl shoppers told what items are best to buy in bulk

Consumers are having to cope with the cost of living crisis

Nottingham Post

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The Independent UK

G20 finance meetings in Bali overshadowed by war in Ukraine

Financial leaders of the Group of 20 richest and biggest economies have wrapped up meetings on the Indonesian resort island of Bali without a final joint communique

Salon

Why hot days drive up food prices

As heat waves strike Europe and China, crops are withering

Manchester Evening News

Passengers in Bury face inflation busting rise in Hackney carriage taxi fares

Average fares for a two mile journey are set to go up by more than 13 per cent

The Hindu

Chidambaram blames handling of economy for falling rupee

He also criticised Prime Minister Narendra Modi's one million job drive, and said that it would not help ease the employment crisis in the country

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Daily Mirror

Customers furious as inflation hits PoundBakery with prices raised over £1

One customer shared their disgruntlement after visiting the bakery in Stockport, Manchester to discover that the price of sausage rolls had increased by 20 per cent

Bangkok Post

Surprise tightening in Asia ups pressure on Dovish central banks

Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists.

StockNews.com

3 Biotech Stocks to Beat the Bear Market

2022 is a challenging year for the market. After battling surging inflation for the first six months, another threat is emerging with rising recession risk. Biotech stocks could be a place where investors can find outperformance given their low valuations and strong long-term fundamentals.

Los Angeles Times

Biden says he confronted Saudi crown prince over Khashoggi’s killing

JIDDA, Saudi Arabia — President Joe Biden shared a fist bump Friday with the leader of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.

The Independent UK

Tory rivals round on Mordaunt over trans issues and tax cuts in televised clash

Amid a series of bruising exchanges, the international trade minister said the attacks showed ‘no-one wants to run against me’.

StockNews.com

Alibaba vs. Amazon: Which E-Commerce Giant Is the Better Investment?

Despite high inflationary pressure and continued supply chain disruptions, resilient consumer spending and enhanced delivery services should help the e-commerce industry to stay afloat. However, considering the uncertain market conditions, e-commerce giants Amazon.com (AMZN) and Alibaba Group (BABA) are expected to remain under pressure. But is it wise to buy…

The Independent UK

Mordaunt under attack from Tory rivals in TV clash

The international trade minister came under fire over tax plans and her record on transgender issues in first televised debate.

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