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The Latest Breaking News from Inflation

Private sector output in Scotland rises at slowest rate for five months as cost of living crisis bites

RBS PMI data shows new orders also rose at weakest rate in 15 months

Insider UK

3 High-Yield Stocks to Buy and Hold for the Rest of 2022

The growing concerns over a potential recession due to tighter monetary policy to tame the high inflation have kept the stock market under immense pressure lately. Given this volatile backdrop, we think it could be wise to buy and hold high-yield dividend stocks Suncor Energy Inc. (SU), MetLife, Inc. (MET),…

StockNews.com

Strong market gains and job increases despite another interest rate bump

The ASX200 had its best week in three months, rising by 2.1 per cent, supported by the rebound on Wall Street and strong gains in IT stocks.

The New Daily

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read the most diverse news in one place.

China lockdown worries hit stocks; Uber and Twitter shares fall; Wizz Air to cut more flights – as it happened

Shares hit as China try to quell resurgent Covid-19 outbreaks, while shares in Twitter drop after Musk tries to cancel takeover, and Uber is hit by leak

The Guardian - UK

BoT chief: Rate hikes to be gradual, baht to move with markets

Thailand will only gradually increase interest rates to tackle rising inflation and ensure an uninterrupted economic recovery, while the central bank will let the baht move in line with market forces, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday.

Bangkok Post

Patna: LPG price hike adds to woes of people

MOTIHARI: The hike in LPG cylinder price by Rs 50 earlier this week has added to the woes of common people who were already hard-pressed with rising inflation. With this increase, a 14.2-kg LPG cylinder will now cost Rs 1,151 in Patna.

The Times of India

Welsh private sector continues to grow despite record price hikes shows latest NatWest research

Rate of growth has slowed attributed to rising costs across the private sector economy

Birmingham Post

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ASX slips as gold, mining stocks weigh, EML plunges as chief executive resigns

Australian shares slip on Monday, after weakness in commodity prices weighed on gold and mining stocks.

ABC News

Commerce secretary: Let’s not be 'talking ourselves' into recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Tribune News Service

Millions ‘eating worse food and showering less as the costs soar’

Nearly all households are facing a squeeze from runaway inflation, a report has found

The Independent UK

What cost of living crisis? Tory hopefuls’ fuss over tax cuts is devoid of reality

Candidates’ focus on reducing tax would throw petrol on the inflationary fire and turbocharge inequality

The Guardian - UK

Bitter Tory economy row with nine PM contenders split over tax cuts - what each will do

There are mounting fears that the cost-of-living crisis could tip the UK into recession, as defined by two quarters in a row of falling output, as rocketing inflation sees households and businesses rein in spending...

Daily Mirror

When a first-term Democratic president struggles, people talk about Jimmy Carter

Biden has been faulted for speeches that do not seem to meet the moment or lack the urgency to compel others to follow. His soothing approach to issues that prompt anger has often failed to soothe.

WEKU

Sri Lanka crisis timeline: from galloping inflation to a president’s resignation

The country’s president offered his resignation via email after months of protests against lengthy blackouts, acute food and fuel shortages

The Guardian - AU

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Reuters

Argentine anti-government protests build as president calls for unity

Argentine President Alberto Fernandez called for unity on Saturday as protesters marched in the capital to the gates of the presidential palace, lambasting his government over soaring inflation and a crushing national debt.

The Guardian - UK

Tory turmoil keeps Bank of England in the dark on tackling crisis

Policymakers can only wait and see how the next prime minister’s tax and spend policies will affect the economy

The Independent UK

Estonian PM reaches coalition deal for majority government

Estonia’s governing center-right Reform Party has reached a tentative deal to form a coalition government with two other parties

StockNews.com

Stock Market Bottom? Think Again…

Determining bear market bottom is much easier in hindsight than doing it in real time. That's because the stock market (SPY) offers up many impressive bounces that give the illusion of the worst being over...just before you drop to even lower lows. So price action is a tricky way to…

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news in one place.

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Newslaundry

TV Newsance 178: Kaali poster, Mahua Moitra’s comments and farewell to Sudhir

It’s the season of outrage, and TV news anchors can't have enough of it! They are angry, hurt and offended – but for what? Not unemployment, or inflation or gas prices going up; from Nupur Sharma to now Mahua Moitra, hurt sentiments continue to rule the airwaves.

The Philadelphia Inquirer

Democrats hope abortion can help them keep hold of suburban voters, but Republicans say it’s still all about inflation

PHILADELPHIA — Days after the Supreme Court ended the constitutional right to abortion, Rep. Susan Wild went to a rally in Easton, where a woman held an 8-month-old. She lamented that the child “had more rights eight months ago than she does now,” Wild recalled.

AAP

'Pincer movement' hitting home owners

Rising rates, higher inflation and declining house prices mean Australian households are being whacked from all directions.

Bangkok Post

Recession fears douse SET hopes for Q3

The Stock Exchange of Thailand was hammered in June, falling from 1,663.41 points at the end of May to close the month at 1,568.33, a drop of 5.7%. The decline follows those of other markets around the globe, especially the Dow Jones which plunged by almost 10%.

Tribune News Service

Q&A: Will California's inflation relief plan make inflation worse?

Gov. Gavin Newsom announced in late June a $17 billion inflation relief package that would send money to millions of Californians.

Miami Herald

The Week Ahead: Trying to see through the fog

Visibility is one of those jargony words reserved for pilots, meteorologists, and business leaders. And there has been very little visibility for business.

Tribune News Service

Jon Talton: Jeff Bezos adds his own misdirection on the inflation debate

It’s not unprecedented for titans of industry to attack presidents. Henry Ford was so outraged over former President Franklin Roosevelt’s Hundred Days of initial policies to address the Great Depression that he huffed FDR’s “particular genius is to try to run other people’s businesses.”

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