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The Latest Breaking News from Inflation

Pacific Rim finance leaders mull ways to curb inflation

Finance ministers of major Pacific Rim economies have pledged to combat inflation and seek sustainable growth at a meeting in Bangkok ahead of a summit next month

The Independent UK

Turkish central bank makes huge rate cut amid 83% inflation

Turkey’s central bank has slashed interest rates for the third month in a row, making its biggest drop this year despite sky-high inflation that is squeezing people’s finances

The Independent UK

Shortages, inflation, cholera, security: Haiti protests continue amid numerous crises

Haiti has been grappling with food and fuel shortages, spiralling inflation and now an outbreak of cholera. US officials say they're in talks with international partners who are interested in playing a role in bringing the security situation under control. This comes after the country's Prime Minister Ariel Henry issued…

France 24

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UK asset managers warn of tough times as investors pull or divert cash

Firms such as Jupiter and Schroders suffer net outflows as inflation, economic uncertainty and Ukraine war weigh on investors

The Guardian - UK

Asda retains title as UK's cheapest online supermarket as inflation reaches record-high

The 'Big Four' supermarket chain was found to still be offering the cheapest shopping basket

Daily Record

Canada’s largest grocer to freeze prices amid profiteering accusations

Loblaw Companies says it will lock in prices of ‘no name’ amid looming parliamentary investigation into food retail industry

The Guardian - US

Will inflation boost Republicans’ chances in the midterm elections?

Voters rank economy as top concern in newest polls as Republicans spend ‘tremendous amount’ in swing states with inflation messaging

The Guardian - US

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COUNTERPOINT: Focus on policy, not politics, this election

Sometimes the quieter political issues have more to say. High-decibel culture warriors have been getting people riled up over everything from Disney’s “The Little Mermaid” remake to a woman playing a flute. But more important things are going on right now, such as the highest inflation in 40 years. And…

Tribune News Service

POINT: Inflation is not the main issue in the election

The media have been obsessed with inflation for the last year and a half, reporting that this is the only economic issue that matters to people. In the real world, people have other things to worry about, like jobs.

Tribune News Service

Are UK pensions still safe?

Despite recent turbulent economic events, the news is not as bad as it seems concerning people's pensions

Birmingham Post

Edinburgh roaster warns morning takeaway coffee could become ‘luxury lifestyle decision' as inflation soars

Soaring price of milk and other goods puts pressure on outlets

Insider UK

Pound rises over $1.13 and stock market closes higher as Liz Truss resigns – as it happened

Sterling has gained a cent against the US dollar after PM quits, on hopes that UK economic and political turmoil could ease

The Guardian - UK

Biden snaps at Fox News reporter for asking him his top priority for US

‘Multiple issues and they’re all important and we ought to be able to walk and chew gum at the same time,’ says Biden

The Independent UK

Asian shares fall after weak earnings pull Wall St lower

Asian shares are mostly lower after Wall Street benchmarks fell, reversing course after two days of gains

The Independent UK

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The Independent UK

Millions of families skipping meals amid cost of living crisis, Which? finds

Inflation rose to 10.1 per cent in September

The National (Scotland)

Charities call for benefits to rise in line with inflation as prices soar

CHARITIES have called for benefits to be raised in line with inflation after the Consumer Prices Index showed the figure had reached a 40-year high.

Daily Record

Liz Truss should get rich to pay up as Scots face another inflation blow

Record View says the Truss Government is probably the worst in British history and offers people nothing but contempt.

Daily Mirror

Waitrose sees sales of spam and fish heads rise by third in cost of living crisis

Upmarket supermarket Waitrose has seen the sales of spam and fish heads rise by a third as the country is hit by a cost of living crisis with soaring inflation and energy bills

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Benzinga

Cathie Wood Picks Apart Fed's Hawkish Policy Again: 'Elon Musk, Jeff Gundlach Echoed Our Concerns About Deflation Risk'

Cathie Wood, the founder of ARK Investment Management, reiterated her belief that the U.S. Federal Reserve is making unanimous decisions based on laggi

The Conversation

Republicans gain in US midterm polls with three weeks until election

The United States midterm elections will be held in nearly three weeks, on November 8. All 435 House of Representatives seats are up for election, as well as 35 of the 100 senators. Democrats won the House by 222-213 in 2020, and hold the Senate on a 50-50 tie with…

The Guardian - UK

UK hospitality sector declines at fastest pace since lockdown

Pubs, hotels and restaurants experienced fastest fall in output of any UK sector on Lloyds tracker

Daily Mirror

Liz Truss clings to power after an evening of chaos as Tory MPs are 'manhandled' in vote

Tory discontent has become a massive distraction for the PM, who should have been dealing with soaring inflation that has sent prices rocketing, with the cost of food up by 14.5% on last year

StockNews.com

2 Stocks to Buy in October and Hold Forever

Better-than-expected corporate earnings and stubbornly high inflation numbers may be enough to convince the Fed to continue with its aggressive rate hikes, thereby dampening market sentiments. With the market volatility set to continue in the foreseeable future, it could be wise to buy fundamentally strong stocks Comcast (CMCSA) and Energy…

Bangkok Post

Japan's post-Abe trust crisis under PM Kishida

No one could have foreseen that Japanese Prime Minister Fumio Kishida's popularity would nosedive so soon after the Liberal Democratic Party triumphed in July's election to the Upper House of the Japanese Diet. Until recently, Mr Kishida's government received consistently high approval ratings. But the LDP's links to a controversial…

ABC News

ASX falls on job numbers and as recession fears return to Wall Street

Recession fears return to the ASX and Wall Street with stocks ending a two-day rally. Weaker employment growth in Australia also weighs on shares.

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