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The Latest Breaking News from Inflation

Commentary: The new climate bill’s ripple effect on oceans

The Inflation Reduction Act (IRA), announced in late July by Sens. Chuck Schumer, D-N.Y., and Joe Manchin, D-W.Va., includes $369 billion in tax incentives to boost wind, solar and other clean energy. Although a step in the right direction, the bill will not by itself be enough to keep global…

Tribune News Service

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

The Independent UK

Asian stocks mixed after US job gain paves way for rate hike

Asian stock markets are mixed after strong U.S. jobs data cleared the way for more interest rate hikes and China reported Monday that its exports rose by double digits

The Independent UK

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Monday briefing: How to understand the huge numbers that rule our economy

In today’s newsletter: From GDP and government spending to inflation, it can be hard to get around the big figures you see in the headlines and what they really mean. So here’s a guide

The Guardian - UK

Winners and losers after Democrats pass their massive climate and healthcare legislation

Chuck Schumer and Joe Biden get a much-needed victory and Joe Manchin takes a victory lap while Bernie Sanders and Kyrsten Sinema get left in the dust

The Independent UK

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

ABC News

Asian stocks mixed after US job gain paves way for rate hike

Asian stock markets are mixed after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits

The Independent UK

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Commentary: The fatal flaw in your retirement plan’s target date funds

There was a major development in 2006 that transformed how Americans invest for retirement. It solved one problem, but created another that will be causing extra pain to people who retire in this economy.

Tribune News Service

Maharashtra: Liquor companies seek hike in prices of IMFL & wines

MUMBAI: The liquor industry, especially those selling Indian made foreign liquor (IMFL) and wines, have requested the state to allow them a hike in prices in the range of Rs 85 to Rs 125 per 750 ml bottle, depending on the respective segments and brands. This they claim is a…

The Times of India

NatWest survey shows East Midlands economy contracting

However job numbers up and rate of cost inflation said to have eased to ten-month low

Birmingham Post

Biden, Democrats look for midterm boost from breakthrough bill

President Joe Biden and his party finally scored the win they’ve been waiting for heading into the November congressional elections, but it’s uncertain it will be enough to save them from the nation’s sour mood over inflation.

Tribune News Service

City workers get double-digit wage rises while lowest-paid see 1% increase

Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases

The Guardian - UK

Two-thirds of UK’s top restaurants in the red after Brexit, Covid and inflation

Meanwhile £700m of support funds in business rates relief remains unpaid by local councils

The Guardian - UK

Yorkshire and Humber business activity falls to lowest level in 18 months

The NatWest Business Activity Index measures the output of the region’s manufacturing and service sectors

Birmingham Post

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Birmingham Post

'Increasingly gloomy outlook' for South West firms as rising inflation bites

Business activity in the region was "muted" in July

Birmingham Post

North East business activity falls at fastest rate in 18 months, survey says

NatWest North East Business Activity Index measures changes in the region's manufacturing and service sectors

Birmingham Post

Firms 'holding on to hopes that demand lull is temporary': NatWest issues inflation warning amid 'modest' growth

The amount of new business placed with firms in the North West fell during July

Al Jazeera

US Senate approves bill to fight climate change, cut drug costs

Estimated $430bn economic package aims to slow climate change, control medicine costs, and raise corporate taxes.

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ABC News

US Democrats pass massive clean-energy, healthcare spending bill hoped to tackle inflation

The US Senate has passed a sweeping $US430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes.

Bangkok Post

Sri Lanka syndrome: Is Bangladesh out of danger?

With global inflation rising and the fear of fuel and food crises looming large, clouds are gathering on the economic horizon of South Asian countries. Sri Lanka in particular remains mired in a crisis driven by a mix of high indebtedness, soaring inflation and poor economic management.

Bangkok Post

Borrowers prepare to take a hit

Some business sectors are concerned about the effect of the Bank of Thailand's anticipated interest rate hike on companies and the public, while related private and state organisations have vowed to do their best to mitigate the impact.

Salon

Inflation Reduction Act passes Senate

"I ran to make government work for working families again. That’s what this bill does — period," says Biden

ABC News

From French lessons to food delivery, record numbers of young people are finding side hustles to make ends meet

As rents and prices get hiked, record numbers of young people are having to find side hustles to make ends meet. Here's what some are doing.

ABC News

In New Zealand wages are growing. Will Australian workers' pay packets get a bump?

There are hints that wages are going up — helping workers meet the cost of soaring inflation for food, fuel and essentials. But you might have to quit your job to get a raise.

Chicago Sun-Times

Senate Democrats approve big Biden deal; House to vote next

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities.

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