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The Latest Breaking News from Inflation

Scottish cities are being hit ‘particularly hard’ by the cost of living crisis

SCOTLAND is being hit “particularly hard” by the cost of living crisis, with cities north of the Border facing some of the highest inflation…

The National (Scotland)

Nepalis cast their votes for a new government to revive economy

Millions of Nepalis went to the polls on Sunday to choose a new government to steer the Himalayan country through a time of economic peril.

Reuters

Black Friday may lose its sparkle as football and inflation hit online sales

The discounting has for years taken place mainly online but the days of crazed clicking could be over

The Guardian - UK

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How Britain’s economic woes stack up against Europe’s – a close look at the figures

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

The Guardian - UK

‘I can’t see any light at the end of the tunnel’ – a family reacts to the autumn statement

The Burns family is still recovering from Covid’s financial fallout but now higher bills and rising taxes are hurting too

The Guardian - UK

Albanese says Biden’s inflation-busting plan has opportunities for Australia

Australian PM says he used meetings on sidelines of summits this week to talk about commercial openings in green energy

The Guardian - AU

APEC pledges to boost trade as geopolitical rifts hijack regional summits

Leaders of the 21-member APEC bloc pledged on Saturday to boost trade and do more to tackle other economic challenges, wrapping up the last of three summits in the region in a week that have been overshadowed by intense geopolitical rivalry.

Reuters

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9 Trades to Tame the Bear Market

More economists are pointing out the recessionary storm clouds that do not portend well for stock prices. Gladly the stock market (SPY) offers the opportunity to make profits no matter of direction…if you apply the right strategies. This article will give more details on the market outlook along with a…

StockNews.com

Is air travel getting more expensive?

Recent increases in flight costs reflect broad inflation and higher gas prices.

USAFacts

Monetary curbs have long-term consequences

The Spanish-American philosopher George Santayana famously warned that "those who cannot remember the past are condemned to repeat it". But sometimes even those who can recall the past have a selective memory and draw the wrong conclusions. This is how the global policy response to the current bout of inflation…

Bangkok Post

Why plans to connect big grocers and small farmers haven’t worked, inflation’s impact on local restaurants and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

3 Penny Stocks to Buy for Under $3 in November

The October inflation report has raised optimism. However, inflation is far from the Fed’s target, and rate hikes could continue. Amid widespread recession fears, quality penny stocks trading under $3, Overseas Shipholding (OSG), Good Times Restaurants (GTIM), and Educational Development (EDUC) could be solid buys instead of high-priced stocks. Read…

StockNews.com

England's £115 Qatar World Cup shirts made by Thai factory workers paid just £1 an hour

Fans have expressed outrage at the prices for the current strip and costs have risen faster than inflation - with 'stadium' shirts starting at just under £75, while the 'match' shirts similar to the ones the players wear cost £40 more

Daily Mirror

At Manny’s, corned beef on rye’s price is up, but, like many restaurants, deli’s still struggling amid high inflation

Higher costs are pummeling restaurants. Many have cut hours and portions and raised prices. Lou Malnati’s Pizza raised prices 8% across the board — more in a year “than ever in our history.”

Chicago Sun-Times

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The Conversation

Austerity gutted the welfare state – preserving benefits now can't make up for that

Many people on low incomes will have breathed a sigh of relief when the UK Chancellor, Jeremy Hunt announced, in his autumn statement on November 17 2022, that he would be increasing benefits by 10.1% in 2023. This is almost in line with the rate of inflation.

The Independent UK

Jeremy Hunt statement sets scene for ‘grim’ fall in living standards

Recession to last until 2024 as taxes climb to highest level since Second World War

Reuters

U.S., South Korean trade officials discuss Inflation Reduction Act at APEC -U.S. statement

U.S. Trade Representative Katherine Tai acknowledged Seoul's concerns with the U.S. Inflation Reduction Act during a meeting with South Korea's Trade Minister Ahn Dukgeun at the Asia-Paciﬁc Economic Cooperation (APEC) summit in Bangkok, Tai's office said on Friday.

StockNews.com

5 Fallen Stocks to Continue to Avoid This November

While the October inflation report came in better than expected, it is far from the Fed’s target. Amid rising recession odds, consumer sentiment is declining. Therefore, fundamentally weak stocks NVIDIA (NVDA), Carnival Corporation (CCL), AMC Entertainment (AMC), Peloton Interactive (PTON), and Mullen Automotive (MULN), which have been slumping in price,…

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StockNews.com

Don’t Let Anyone Steer You Into Buying These 3 Stocks

The sky-high inflation is far from the Fed’s target, heightening the recession concerns. Cruise companies might feel the brunt as consumers tend to cut back on discretionary spending during economic slowdowns. Thus, we believe fundamentally weak stocks such as Royal Caribbean Cruises (RCL), Carnival Corporation (CCL), and Norwegian Cruise Line…

Reuters

Portugal's public sector workers strike over pay as living costs soar

Thousands of Portugal's doctors, nurses, teachers and civil servants walked off the job on Friday to demand wage increases amid rampant inflation, challenging the majority Socialist government a week before a final vote on the 2023 budget.

Liverpool Echo

State pension to increase to £203.85 a week but warning issued

The state pension will increase in line with inflation

The Independent UK

Relief meets fear as UK budget calms economy but brings pain

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation

Manchester Evening News

The full list of benefits going up by 10.1 per cent next year

A wide range of benefit payments will increase in line with inflation next year

Evening Standard

Emily Sheffield: A bad hand played well still leaves Jeremy Hunt with a mountain to climb

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

The New Daily

Super funds return to growth, but retirement still gets more expensive

Rising inflation means Australians will need a bigger superannuation nest egg to provide a comfortable retirement.

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