The Latest Breaking News from Inflation

Grants for restaurants, small businesses blocked in Senate

WASHINGTON — Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday, likely dealing a fatal blow to a months-long effort to provide a final round of relief for industries that suffered major revenue losses during the pandemic.

Tribune News Service · May 20, 2022

New Zealand budget might disappoint left but could help Labour win re-election

In previous years we saw a tantalising glimpse of Grant Robertson as ‘Red Robbo’ – but moderation may win back centrists

The Guardian - AU · May 20, 2022

Australian election: Voters baulk at rising living costs

Liberal-National Coalition and centre-left Labor Party running neck and neck in election focused on rising prices.

Al Jazeera · May 20, 2022

Why True Capitalism Is the Only Thing That Can Save America — Both Economically and Socially

Americans today are facing one of the worst economic environments we’ve seen in decades, with skyrocketing inflation, supply chain shortages, and the Great Resignation, to name just a few of our current challenges.

Benzinga · May 19, 2022

GBP/USD: Don't Get Too Comfy With Recent Gains

GBP/USD look headed for its first weekly gain in four weeks moving into late Thursday trading. At the time of writing, the pair was trading up by 2.03% at 1.25089, supported by a broadly weaker US dollar. But a stronger pound this week didn’t relate to any major positive news…

Benzinga · May 19, 2022

Punjab: Navjot Singh Sidhu highlights ‘mammoth inflation’ with elephant ride

PATIALA: Former Punjab Congress president Navjot Singh Sidhu rode a tusker with “elephantine rise in prices” sign on Thursday to protest against inflation. He claimed that more than 90% of the country could not afford new prices, and only 3% was rich enough to be immune.

The Times of India · May 19, 2022

Final polls roll in as campaign hits home stretch – as it happened

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The Guardian - AU · May 19, 2022

Why Flowers Foods Shares Are Gaining Afterhours

Flowers Foods, Inc. (NYSE:FLO) reported first-quarter sales growth of 10.3% year-over-year to $1.436 billion, beating the consensus of $1.40 billion. Branded retail sales increased 11% Y/Y to $956.1 million, store-branded retail $173.6 million (+6.9% Y/Y), while non-retail and other sales increased 10.2% Y/Y to $306.2 million. Adjusted EPS was $0.44, above the…

Benzinga · May 19, 2022

ASX snaps four-week losing streak, Crown shareholders back $8.9b takeover

The Australian share market jumps in afternoon trade, despite another volatile day on Wall Street as investors weighed up the risk of rapid interest rate hikes tipping the US economy into recession.

ABC News · May 19, 2022

Shift in economic structure urged

Thailand's economic recovery is relatively slower than that of its Asean peers because the domestic economic structure in the country is reliant on conventional industries.

Bangkok Post · May 19, 2022