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The Latest Breaking News from Inflation

East Belfast business to pay staff with Bitcoin

Root & Branch Coffee had asked it staff if they would be interested in the new form of pay

Belfast Live

Sensex slips for 2nd day as hawkish Fed looms; HDFC shines after Q4 show

MUMBAI: Equities remained under pressure for the second session running on Monday as investors stayed on the sidelines ahead of a crucial meeting of the US Federal Reserve this week where it is expected to go for an aggressive rate hike to tame runaway inflation.

The Times of India

Why F1 is such a good deal for Alfa Romeo

As the Volkswagen Group finalises its plans to join the Formula 1 grid in 2026, its bosses could be forgiven for casting an envious eye on rivals Alfa Romeo.

Motorsport

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Editorial: Karen Bass for Los Angeles mayor

These are pessimistic days in Los Angeles. In focus groups, surveys and polls, the same themes keep surfacing: Residents are angry and frustrated by the continued human suffering of the homelessness crisis. They’re dissatisfied with their quality of life. They’re worried about having money to pay their rent or mortgage,…

Los Angeles Times

Editorial: Restaurants need the help of their customers, not more cash from Uncle Sam

After appropriating trillions of dollars in COVID-19 relief, Congress is angling to pass yet another multibillion-dollar aid package, this one directed at restaurants and other small businesses that suffered during the pandemic.

Chicago Tribune

Nine ways to save hundreds on your food shop as Asda boss warns of more price rises

Wheat and oil prices have already been affected by the war in Ukraine while analysts have predicted inflation could have hit more than 8 per cent in April due to the impact of higher energy bills

Daily Mirror

The Russia-Ukraine war is making Indians poorer and hungrier

Falling earnings dented by inflation which has been exacerbated by the war is hurting household diets.

Al Jazeera

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China contagion threatens to derail the world’s emerging markets

A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds.

Bangkok Post

The global stagflation shock of 2022: How bad could it get?

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

Financial Times

Asian shares fall in thin trading after rout on Wall St

Asian shares are lower following a sell-off Friday on Wall Street

The Independent UK

Muslims mark Eid al-Fitr holiday with joy, worry

Muslims are observing the Islamic holiday of Eid al-Fitr, typically marked with communal prayers, celebratory gatherings around festive meals and new clothes

The Independent UK

Labor's lead steady in Newspoll and gains in Resolve; how the polls moved during past campaigns

This week’s Newspoll, conducted April 27-30 from a sample of 1,538, gave Labor a 53-47 lead, unchanged since last week. Primary votes were 38% Labor (up one), 36% Coalition (steady), 11% Greens (steady), 5% One Nation (up two), 4% UAP (steady) and 6% for all Others (down three).

The Conversation

Rate of UK dividend growth far outstripping wage increases, says report

Thinktank says workers would have £2,100 a year more on average if wages over past two decades matched shareholder payout rises

The Guardian - UK

Powell’s Fed set to go big and keep going until inflation tamed

Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool overheated prices.

Tribune News Service

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Bangkok Post

Diesel users run into reality check

The government's decision to reduce financial pressure on its coffers by allowing the price of diesel to gradually increase starting from this month -- having been capped since October 2021 -- will result in households and businesses experiencing a harsh economic reality.

The Conversation

Central banks hunt in packs. Here's why ours ought to be wary about lifting the cash rate

The Reserve Bank’s cash rate is in the news, and in an unwelcome way for the first time in 11 years.

ABC News

Sydney news: Men arrested at gangland funeral to face court

MORNING BRIEFING: The men arrested at the funeral of gangland figure Mahmoud "Brownie" Ahmad will face court as those responsible for the murder remain at large.

Leeds Live

Asda boss warns food prices will 'soar even higher and stay high'

The price of your food basket isn't set to reduce any time soon

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news in one place.

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The Guardian - AU

Will the RBA lift the cash rate this week to counter inflation – or wait until after the election?

Analysis: The Reserve Bank of Australia finds itself in a strategic and political bind. Credibility is at stake

AAP

Job advertising shows small fall in April

Job advertising eased by 0.5 per cent in April, but was still 26.3 per cent higher than a year earlier and pointing to strong employment gains ahead.

The Guardian - UK

Bank of England ‘duty bound’ to trigger recession to curb inflation

Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit

France 24

France: Low growth and inflation increase risk of stagflation

Income growth has stagnated as prices for essential goods and energy are on the rise. New figures from France’s National Institute of Statistics and Economic Studies (Insee) indicate that France could be entering a period of stagflation.

The Conversation

When it comes to food prices, the Canadian government's hands are tied

The rhetoric around inflation and increasing food prices has become a point of emphasis for politicians, particularly for those in opposition to the incumbent government.

Chronicle Live

Asda boss speaks out on rising cost of food and how prices have been affected by war in Ukraine

The supermarket firm's chairman Lord Rose made these comments during an interview on Sunday morning

Manchester Evening News

Asda boss warns food and oil prices could continue to increase in ‘knock-on effect’ of inflation

"I am afraid there is knock-on effect for all raw materials"

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Kriengkrai Thiennukul

Mahmoud Brownie Ahmad

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