UK supermarkets face calls for ‘profiteering’ investigation as inflation soars Lib Dem leader calls for watchdog to probe reports of big retailers and food multinationals inflating markups The Guardian - UK · May 2, 2023
World's workers rally to mark May Day as France sees fresh pension protests People squeezed by inflation and demanding economic justice took to streets across Asia, Europe and the Americas on Monday to mark May Day, in an outpouring of worker discontent not seen since before the worldwide COVID-19 lockdowns. France 24 · May 2, 2023
Reserve Bank hikes interest rates in May despite slowing inflation The RBA has dashed hopes of another pause in interest rates, resuming hikes in May amid fears inflation - though slowing - is still too high. The New Daily · May 2, 2023
Woolworths says food inflation ‘frustratingly elevated’ The Woolworths Group says shelf prices rose by 5.8 per cent in the third quarter, a moderation from their 7.7 per cent increase in the previous quarter. The New Daily · May 2, 2023
Food inflation strikes another record high but clothing price rises ease The latest BRC-NielsenIQ shop price index shows food prices soared by 15.7%, the highest on record, in April. The Independent UK · May 1, 2023
Thai M&A set to surge Thailand's merger and acquisition (M&A) volume and value should improve in the second half of 2023, according to PwC Thailand, after many businesses paused M&A activities because of economic conditions, inflation and geopolitical risks. Bangkok Post · May 1, 2023
First Republic Bank Fails As Former Treasury Secretary Larry Summers Warns The Consequences To Come The failed bank was taken over by the FDIC and taken over by JPMorgan Chase A Month After Received A $30 billion deposit Zenger · May 1, 2023
Analysts predict RBA will leave cash rate at 3.6% for second consecutive month But CBA, the nation’s largest mortgage lender, thinks a rise to 3.85% is likely before cuts start in November The Guardian - AU · May 1, 2023
Fed is set to raise rates yet again. After that, then what? The Federal Reserve is on track to raise its benchmark interest rate for the 10th time Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades The Independent UK · May 1, 2023
Australians have been scared off loans – and that’s exactly what the RBA wants The majority of Aussies have been spooked off of loans and have lost faith in the decisions of the RBA, research shows. The New Daily · May 1, 2023
The key DWP benefit payments and money changes kicking in from today The changes could make a big difference to your finances Wales Online · May 1, 2023
Report: What Teachers Make in Every State New research from the National Education Association shows that while average teacher pay has increased, it is not keeping pace with inflation. Tech&Learning · May 1, 2023
2 Rotten Stocks to Sell Now Before They Spoil More Given the uncertain macroeconomic climate and persistent inflation, fundamentally weak food stocks BRC (BRCC) and Save Foods (SVFD) are expected to remain under pressure. Therefore, it could be best to steer clear of these stocks. Keep reading. StockNews.com · May 1, 2023
All the DWP and other money changes you need to know about in May Energy bills, benefit payments and even supermarket delivery costs are all set to change Liverpool Echo · May 1, 2023
Al Jazeera · May 1, 2023 ‘Not enough’: Hong Kong’s low-paid get $0.32 minimum wage bump Increase of 6.25 percent after four-year freeze draws criticism from social welfare groups.
The Guardian - UK · Apr 30, 2023 UK business confidence increases for fifth month in a row, survey shows Institute of Directors index returns to levels last seen just before Russia’s invasion of Ukraine in 2022
The Guardian - AU · Apr 30, 2023 Priced out: how Australians are being hit by the soaring cost of food For those living on the margins, the rising cost of essentials means less meals or less choices – there’s no more fat to trim
The Conversation · Apr 30, 2023 Basic income could help create a more just and sustainable food system Canada’s food system is experiencing ongoing stresses from supply chain disruptions, price inflation and extreme weather events. Canadians are feeling the effects of these stresses: in 2021, nearly 16 per cent of provincial households experienced some degree of food insecurity.
The Hindu · Apr 30, 2023 Data | World’s largest producer of milk hits a dry patch Milk prices are ruling high as supply is constrained by lumpy skin disease and high fodder costs
The New Daily · Apr 30, 2023 ‘Line ball’: Experts split as RBA mulls pivotal interest rates call amid rising mortgage stress Experts are split on whether the Reserve Bank will return to hiking interest rates at its May meeting this week.
The Guardian - UK · Apr 30, 2023 The Bank of England was right, inflation has made us poorer. But whose fault is it? Central banks are keen to blame the surge in inflation on anyone but central banks
Asharq Al-Awsat · Apr 30, 2023 World Bank: Lebanon Tops World’s Food Price Inflation Rate In its latest reports on food security around the world, the World Bank said that Lebanon recorded the highest nominal food price inflation rate in the world during the February 2022 – February 2023 period. The country registered 261% annual change in the food Consumer Price Index (CPI), followed by…
Kiplinger · Apr 29, 2023 Save Big By Going Green At Home New legislation is packed with tax breaks for homeowners who upgrade to energy-efficient systems and appliances. Bonus: You’ll slash your utility bills.
The Independent UK · Apr 29, 2023 Facing revolt, GOP spares ethanol in drive to cut spending House Republicans are touting their debt limit package as a first step toward fiscal restraint
Bangkok Post · Apr 29, 2023 Consumers hold recession fears at bay Heightened worries about the strength of consumers and the global economy have been put on hold -- at least for now -- after some of the world's best-known companies delivered a slew of better-than expected numbers.