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The Latest Breaking News from Inflation

Beer warning as price of pint could rise to £9 as inflation hits hight

Restaurants, takeaways, clubs and hotels could also see a spike in prices.

Daily Record

Armed ... auditors? The IRS becomes the latest target of GOP misinformation

Some Republicans have spread false information about how new funds will be used by IRS, stoking outrage and alarming experts

The Guardian - US

Chancellor Nadhim Zahawi admits rocketing inflation is hitting Britain’s public finances

Chancellor Nadhim Zahawi admitted on Friday that soaring inflation is hitting Britain’s public finances with debt interest payments up by more than £2 billion.

Evening Standard

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read the most diverse news in one place.

Egypt Central Bank Holds Rates Steady After Change of Governor

The Central Bank of Egypt (CBE) kept its overnight interest rates steady on Thursday, hours after a new governor was named to replace Tarek Amer, who quit on Wednesday. President Abdel Fattah al-Sisi appointed Hassan Abdalla as caretaker CBE governor on Thursday after Amer's resignation. Analysts said the CBE may…

Asharq Al-Awsat

How inflation is influencing politics in a bellwether Florida county

Voters in a key swing county in Florida are grappling with some of the highest inflation rates in the country. But it's not necessarily the deciding factor for some voters.

WEKU

Zimbabweans hit by soaring inflation: Will gold coins help?

Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion% in 2008

The Independent UK

2023 warning to pubgoers who drink pints of beer

"The cost of both raw materials and goods leaving factories continued to rise"

Nottingham Post

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Inflation fuels jump in government debt costs as borrowing hits £4.9bn

Borrowing for July significantly ahead of predictions of analysts

The Independent UK

Four-month warning issued to anybody who drinks pints of beer

The stark warning came as inflation to 10.1% on Wednesday

Manchester Evening News

Big new incentives for clean energy aren't enough – the Inflation Reduction Act was just the first step, now the hard work begins

The new Inflation Reduction Act is stuffed with subsidies for everything from electric vehicles to heat pumps, and incentives for just about every form of clean energy. But pouring money into technology is just one step toward solving the climate change problem.

The Conversation

The perfect storm battering the UK economy

From inflation to the war in Ukraine the economy is facing major challenges

Birmingham Post

Retail sales in Great Britain rise despite cost of living crisis

July rise of 0.3% driven by online promotions but clothing sales continue to fall

The Guardian - UK

Asian Markets Drift as Investors Assess Fed Outlook

Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity. The rally across markets from their June lows appears to have run out of steam this…

Asharq Al-Awsat

America Rejoins the Climate Fight

New legislation will reshape policy—and U.S. diplomacy.

Foreign Affairs

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Reuters

Strikes bring London's transport network to a halt

London's transport network ground to a halt on Friday as train and bus workers held strikes over pay and conditions, the latest in a summer of labour market disputes as double-digit inflation eats into wages.

Chronicle Live

North East councils face 'unprecedented and unavoidable' cash problems as cost of living crisis deepens

Local authorities in the North East could face deficits totalling tens of millions of pounds as they grapple with inflation and escalating energy bills

The Conversation

Inflationary psychology could make things worse, but for now it's in check

With the world experiencing inflation levels not seen since the 1980s, central banks are caught between warning of the dangers of an 1970s-style inflationary spiral, and contributing to that spiral by talking about it.

Benzinga

Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections

Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June.

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Tribune News Service

How you can cut energy costs through the Inflation Reduction Act

The Inflation Reduction Act signed by President Biden this week aims to shift America toward a greener future by lowering the cost of electric vehicles, energy-efficient appliances and rooftop solar panels.

Benzinga

A Remedy For Wages Falling Behind Inflation? Join A Small Business Where Wages Are Hot

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

Bangkok Post

Trinity sees inflation peak in Q3

Trinity Securities expects global inflation, including Thai inflation, to peak in the third quarter of this year while the country's interest rate is set to rise by another 0.75% over the next 12 months to 1.5% in mid-2023.

StockNews.com

The 2 Best Telecom Stocks to Buy for August

Growing investments and technological breakthroughs in the telecom sector should drive its growth. Moreover, since telecom has historically been a defensive sector, it could be wise to invest in quality telecom stocks AT&T (T) and Ooma (OOMA), as the market is expected to remain under pressure on concerns over high…

Edinburgh Live

More than 72 per cent of Scots could fall into fuel poverty next year

A new study has found more than 72 per cent of homes in Scotland will fall into fuel poverty as the energy crisis continues with annual bills of £4,650 from next year as inflation hits 10.1 per cent.

Evening Standard

Harry Potter specs maker expands in Europe but ‘cautious’ on UK

Bath-based Inspecs said war in Ukraine and high inflation continued to pose an issue for the company

StockNews.com

4 Momentum Stocks to Keep an Eye on This Fall

Despite a slight decline in inflation from the 40-year high level, robust employment data and persistent price pressures could prompt the Fed to maintain its hawkish policy stance, keeping the stock market under pressure. Therefore, it could be wise to invest in APA Corporation (APA), Dynagas LNG (DLNG), Friedman Industries…

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