Families won’t be able to afford to pay mortgages, warns M&S chief Rate rises are the biggest threat to the economy, Marks & Spencer chairman Archie Norman warns Evening Standard · Oct 18, 2022
Frustrated Nigerians 'flee' abroad in punishing pre-election brain drain Nnamdi Nwaogu, a 44-year-old IT worker, has packed his bags. In Lagos, Nigeria's frenetic commercial capital, galloping inflation and a plunging naira have pummeled his salary. Reuters · Oct 18, 2022
Suburbs delivered recent wins for Georgia Democrats. This year, they're up for grabs Whether Democrats can hold onto the Georgia suburbs may come down to candidate quality, shifting demographics and whether voters are more discouraged by inflation or abortion restrictions. WEKU · Oct 18, 2022
Philippines looking at market intervention to defend peso: Marcos MANILA: The Philippines will continue to use interest rates to mitigate against inflation and may step in to defend a depreciating peso, President Ferdinand Marcos Jr said on Tuesday. Bangkok Post · Oct 18, 2022
EU proposes joint gas buying and curbs on energy price spikes – business live European Commission proposes mechanism to cap “excessive and volatile” gas price moves, and to let member countries start jointly buying gas The Guardian - UK · Oct 18, 2022
Schools, transport disrupted as French workers strike for higher wages Thousands of people took to the streets across France on Tuesday and commuters faced delays as unions staged a nationwide strike for higher salaries, as they remain in deadlock with the government over walkouts at oil depots that have sparked fuel shortages. France 24 · Oct 18, 2022
Scuffles break out as French strike to call for higher wages Dozens of black-clad protesters clashed with police and broke shop windows on Tuesday on the margins of a demonstration when several thousand people took to the streets of Paris to call for wage hikes as high inflation eats away their purchasing power. Reuters · Oct 18, 2022
New calls for extra £325 cost of living payment and benefits to increase in line with inflation Scope is also urging the UK Government to double the £150 disability cost of living payment. Daily Record · Oct 18, 2022
New Zealand inflation near record high as wisdom of interest rate rises questioned Latest figures defy widespread predictions inflation would fall, as the central banks readies an ‘outsized’ rate hike The Guardian - AU · Oct 18, 2022
How does the RBA set interest rates each month? Why was this month's decision a close call? The Reserve Bank reveals its recent decision to slow down interest rate increases was "finely balanced" and explains the process by which it arrives at its monthly decisions. ABC News · Oct 18, 2022
Inflation staying hot in NZ at 7.2 pc Housing, petrol and diesel and vegetable costs are all soaring in New Zealand, where CPI inflation has been measured at 7.2 per cent in the year to September. AAP · Oct 17, 2022
France braces for disruption as railways to join strike Tuesday France is bracing for more work and travel disruption Tuesday as the CGT and other labor unions ask workers across industries to join a walkout by some refinery employees to demand higher wages as inflation dents purchasing power. Tribune News Service · Oct 17, 2022
2 Stocks That Are Major Steals Right Now The market volatility and odds of a recession are perpetually increasing with every update on inflation numbers and consequent aggressive interest rate hikes by the Fed. Hence, it could be wise to load up on attractively priced shares of businesses with robust demand and a stable growth trajectory. Microsoft (MSFT)… StockNews.com · Oct 17, 2022
5 Stocks You'll Be Happy You Didn't Buy in 2022 The Fed is expected to keep hiking rates as inflation is yet to be brought under control. Amid rising recession odds, it could be best to avoid fundamentally weak stocks Roblox (RBLX), Palantir Technologies (PLTR), Snap (SNAP), Blink Charging (BLNK), and Astra Space (ASTR) in 2022. Read on…. StockNews.com · Oct 17, 2022
StockNews.com · Oct 17, 2022 3 Upgraded Stocks to Consider Buying This Week The red-hot inflation is increasing the odds of continued rate hikes by the Fed. Since the market is expected to remain under pressure on recession fears, it could be wise to invest in fundamentally sound stocks Comcast Corporation (CMCSA), GSK (GSK), and Masonite International (DOOR), which have been recently upgraded…
The Independent UK · Oct 17, 2022 Martin Lewis calls for immediate increase in benefits after Jeremy Hunt rips up mini-Budget Personal finance guru calls on government to hike benefits in line with latest inflation figures
Benzinga · Oct 17, 2022 This Chipotle Analyst Sees Further Upside In 2023 As The Cost Of Dining In Overtakes Dining Out Food inflation is now up 11.2% for the 12 months ending in September, and the figure has a striking detail: food at home inflation is up 13%, while food away from home is only up 8.5% over the last 12 months.
Evening Standard · Oct 17, 2022 Truss commits to pensions triple lock despite Hunt signalling it could be scrapped Prime minister stands by big rises to pensions despite Chancellor’s misgivings
The Independent UK · Oct 17, 2022 Jeremy Hunt signals state pensions triple lock could be scrapped The Chancellor warned the Government would not shy away from taking ‘difficult decisions’.
Daily Mirror · Oct 17, 2022 Jeremy Hunt hints pensions triple lock under threat as he tears up Liz Truss's plans Chancellor Jeremy Hunt refused to commit that the state pension would rise in line with inflation in April as planned during a grilling by MPs over the Government dramatic economic U-turn
Tribune News Service · Oct 17, 2022 How to earn more by switching savings accounts Online banks have been increasing interest rates for savings accounts during most of the year, following the lead of the Federal Reserve to combat surging inflation with rising rates. But if your money is only earning the national average — or less — elsewhere, then you’re likely not maximizing your…
The Times of India · Oct 17, 2022 Fight against inflation will be dogged, prolonged: RBI article MUMBAI: The fight against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates, an RBI article said.
AAP · Oct 17, 2022 Leaders worried about skill shortages Labour shortages are the number one concern for business leaders, closely followed by inflation and rising interest rates.
The Guardian - UK · Oct 17, 2022 Why was most of mini-budget scrapped and what happens next? We look at the reasons why Jeremy Hunt is taking action and the economic consequences
Axios · Oct 17, 2022 "Bitcoin as safe haven" theory crumbles The world's largest and oldest digital asset has crumpled in the face of persist inflation.