The Latest Breaking News from Inflation

Conservative MPs vote down emergency budget amid cost of living crisis

An amendment to the Queen's Speech was voted down

Wales Online · May 18, 2022

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

WEKU · May 18, 2022

Hall Pass: Your Ticket to Understanding School Board Politics

Welcome to Hall Pass. This newsletter keeps you plugged into the conversations driving school board politics and governance. Each week, we bring you a roundup of the latest on school board elections, along with sharp commentary and research from across the political spectrum on the issues confronting school boards in…

Ballotpedia · May 18, 2022

After prospering in the pandemic, Target is now a symbol of inflation's impact

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

Tribune News Service · May 18, 2022

Tory MPs vote down emergency budget plan despite Britain's cost of living crisis

Shadow Chancellor Rachel Reeves asked "where is the urgency" as Conservatives rejected a Labour attempt to force an emergency budget and a Lib Dem bid for fresh tax cuts

Daily Mirror · May 18, 2022

Pub firms were lockdown losers but can adapt to tough trading conditions

It’s possible much of current uncertainty is already priced in to recovery of well-run companies like M&B and Marston’s

The Guardian - UK · May 18, 2022

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

Asharq Al-Awsat · May 18, 2022

The Guardian view on fixing inflation: a reckoning with free markets is needed

Editorial: Tories say taxes must fall to curb inflation, even at the cost of a higher deficit. Labour should argue that public spending could be increased for the same reason

The Guardian - UK · May 18, 2022

Jobless rate holds at 3.9 pct in April

The unemployment rate remained at 3.9 per cent in April after the Australian Bureau of Statistics downwardly revised the March result from four per cent.

AAP · May 18, 2022

Australian wages in real terms are essentially no different from where they were in 2013

Low wages growth, inflation, price rises and jobseeker are combining to put talk of a strong recovery from the pandemic into context

The Guardian - AU · May 18, 2022