The Latest Breaking News from Inflation

Households falling into poverty isn’t inevitable. Here’s how we can prevent it

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

The Guardian - UK · May 13, 2022

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

The Guardian - US · May 13, 2022

Rishi Sunak blasted for using 'Computer Says No' excuse to cut benefits for millions

The Chancellor admitted 'it sounds like an excuse' after he blamed IT 'problems' for a real-terms benefit cut. Experts told the Mirror there were computer difficulties with some benefits - but they are no reason not to act

Daily Mirror · May 13, 2022

Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

Bangkok Post · May 13, 2022

Martin Schram: Rediscovering a president’s AWOL adviser

President Joe Biden launched a new offensive of message politics this past week, but appeared to be operating without the inner circle confidant he needs now more than ever.

Tribune News Service · May 13, 2022

Boss of world’s biggest microchip maker SMIC says smartphone demand dropping ‘like a rock’

The world’s biggest microchip maker has said demand for mobile phones and computers has dropped “like a rock” as war in Ukraine and Covid lockdowns in China take their toll on consumer demand for electronics.

Evening Standard · May 13, 2022

The market collapse was easy to see coming

The writing was on the wall.

Axios · May 13, 2022

Elizabeth Warren targets price gouging

"Corporations have price gouged consumers for extra profits and gotten away with it for too long," said Warren

Salon · May 13, 2022

‘Golden era’ of cheap food is ending, says ex-Sainsbury’s boss

Justin King says government should step in with targeted funding through benefits to help households

The Guardian - UK · May 13, 2022

The Week Ahead: Draining the proverbial punch bowl for investors

It was a heckuva party and now the hangover has set in. The S&P 500 stock index is down about 20 percent from its pandemic high. The NASDAQ Composite has shrunk by almost a third from its high in November.

Miami Herald · May 13, 2022