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The Latest Breaking News from Inflation

UK inflation nightmare - why Britain is suffering more than any other major economy

Inflation is tipped to average 6.9% as it takes longer to come down here than in any other G7 nation, according to the Organisation for Economic Cooperation and Development

Daily Mirror

Project Labor Agreements are key to our clean energy transition

Project Labor Agreements, or PLAs, enable contractors to know, definitively, what their costs will be, and typically include language that eliminates the risk of strikes, lockouts, or other labor disruptions.

Chicago Sun-Times

Flight prices to Europe holiday hotspots soar at six times the rate of inflation

Flight prices have been soaring as airlines and airports look to recover post-pandemic to a host of holiday hotspots in Europe for summer 2023

Daily Mirror

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Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?

Philip Lowe cited ‘subdued’ productivity growth when the RBA lifted rates for a 12th time to try to tame inflation. Here’s why it matters

The Guardian - AU

What supermarkets are doing to stop thieves - including receipt scanners at checkouts

The added pressures of inflation-linked food price rises, alongside high energy costs and increasing mortgages and rents have forced many to turn to shoplifting to try and get by

Daily Mirror

Stocks Move Lower Before the Open as Investors Weigh Interest Rate Outlook

June S&P 500 futures (ESM23) are down -0.06%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest…

Barchart

Tesco Ireland slashes price on 700 products in 'turning point' for shoppers in Ireland

Minister for Finance Michael McGrath described the significant reductions as a 'turning point' for Irish customers

Irish Mirror

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Wages or profits? What’s to blame for sky-high inflation?

As the cost-of-living crisis takes a turn for the worse, debate is raging about the role corporate profits have played in delivering the highest inflation

The New Daily

Full list of one-off payments for older people, families and individuals due before end of this year

More than 20 important dates to add to your diary to help plan your household budget over the coming months.

Daily Record

Grattan on Friday: Labor caught in pincer movement of fighting inflation and delivering to its constituency

During the election campaign Anthony Albanese repeated, endlessly, that everything was going up except people’s wages.

The Conversation

McKinsey Global Institute sees 4 possible scenarios for the economy by 2030. Only one leads to long-term growth

The economic, banking, and investment landscape of the next decade is likely to look materially different from the recent past.

Fortune

BoT: Government change not a factor in rate policy

The Bank of Thailand says there is no need to wait and see what policies are formulated by the new government before deciding whether or not to raise interest rates further.

Bangkok Post

Stocks Little Changed Before the Open as Investors Weigh Interest Rate Outlook

June S&P 500 futures (ESM23) are up +0.05%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest…

Barchart

Payrolls, Prices, Productivity and Profits Hold the Answer to the Puzzling US Economy

A look at the four variables that will tell us whether the country dodges a recession or becomes mired in stagflation.

Businessweek

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Barchart

Stocks Mixed Before the Open as Investors Weigh Interest Rate Outlook

June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest…

Dynamite News

RBI keeps repo rate unchanged at 6.5 per cent as inflation softens

Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News:

Irish Mirror

More mortgage pain for Irish householders as ECB plots further rate increases

The Central Bank has also warned that the risks facing the Irish financial system have increased as inflation is weighing heavily on the global economy.

Reason

The Debt Ceiling Deal Does Not Go Nearly Far Enough

Projections of huge savings are making the rounds. Nothing could be further from the truth.

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The Guardian - AU

Australian Ballet dancers begin industrial action over pay dispute: ‘They’re living on tuna and rice’

Performers still reeling from the pandemic aren’t ruling out a strike, as the company refuses to guarantee their pay will keep pace with inflation

The New Daily

Households fretting over power bills as costs rise

High inflation has sent the cost-of-living soaring and many Australian households under strain, the latest Energy Consumers Australia sentiment survey shows.

Insider UK

Downturn in permanent jobs softens in May

Temporary vacancies fall for the fifth month running, while starting salary inflation eases to a 27-month low

Bangkok Post

Coalition delays seen as threat to growth

The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.

USA Today Sports Media Group

Israel Adesanya wants UFC to increase bonuses: ‘Inflation has been going up’

Israel Adesanya thinks the UFC needs to increase the amount they hand out for bonuses.

Evening Standard

Where next for food price inflation?

City Voices: No chance for lower prices any time soon

The Conversation

The legal aid sector is collapsing and millions more may soon be without access to justice – new data

The UK government has announced changes to legal aid access in England and Wales, updating means test thresholds to account for inflation. These thresholds are the maximum amount of capital or income that a person can have to be eligible for legal assistance at public expense.

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