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The Latest Breaking News from Inflation

Thatcher ministers turn on Liz Truss over tax cut plans

Chris Patten, Norman Lamont and Malcolm Rifkind warn former PM would never have approved borrowing to fund £30bn cuts

The Guardian - UK

Rishi Sunak hits out at ‘forces that be’ backing Liz Truss

Foreign Secretary Ms Truss, who has been tipped as the favourite among the Tory membership, said she was ‘not taking anything for granted’.

The Independent UK

‘Holiday hunger’: inflation adds to family strain as UK schools break for summer

Long holiday and surge in cost of living deepen difficulties as food banks report rise in demand but fewer donations

The Guardian - UK

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Rishi Sunak promises tax cuts ‘you can believe in’

Rishi Sunak on Saturday told Tory members that he was the candidate telling the truth about taxation.

The Independent UK

Sunak labels himself the underdog as ‘forces that be’ back Liz Truss

The ex-chancellor used a speech in Grantham, the birthplace of Margaret Thatcher, to kick-start his campaign for the Tory leadership.

The Independent UK

'Day by day': Trade bans, inflation send food prices soaring

As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living

The Independent UK

Brit shoppers feeling the pinch cut back on items from food to furniture, data shows

Brit shoppers are being forced to cut back on even essential items due to the cost of living crisis with the retail sector hit heavily and some shops forced to close their doors

Daily Mirror

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Sunak set for speech in Thatcher’s hometown as Truss promises EU ‘red tape bonfire’

The Foreign Secretary has vowed to review all EU laws retained after Brexit by the end of next year if she becomes prime minister.

The Independent UK

BoT says growth might exceed 3% in second quarter

The Bank of Thailand believes Thai economic growth might increase past 3% in the second quarter, mainly thanks to a rebound in domestic consumption under the central bank's commitment to maintain flexible inflation targeting.

Bangkok Post

Exercise caution before the next long weekend

The benchmark SET Index moved sideways in volatile trade early this week. Thai shares tracked external gains higher on Monday to hit 1,546 points before heading down to 1,520 the following day on worries over Myanmar's partial capital controls, potentially affecting stocks with exposure in Myanmar such as MEGA, OSP…

Bangkok Post

Sunak would put UK on ‘crisis footing’ as Truss defends tax plans

In interviews with two major newspapers, both Mr Sunak and Ms Truss reveal eye-catching proposals designed to firm up their campaign for No 10.

The Independent UK

Sri Lanka's crisis: Can the South Asian economy break from the past and find a route to stability?

Sri Lanka has a new president and prime minister – but a change in who leads the crisis-hit South Asian nation alone will not solve the country’s severe economic problems.

The Conversation

Australian restaurants on a knife edge as inflation bites and food costs soar

Hospitality businesses adapt menus and cut staff hours amid cost of living pressures

The Guardian - AU

3 Popular Dividend Stocks You Don't Want to Miss

Despite concerns over tightening monetary policy to battle against the high inflation and a potential recession, an unexpected resiliency in consumer spending, an improving job market, and a better-than-expected corporate season are restoring the investors' confidence. However, since the market volatility is not expected to reduce anytime soon, dividend-paying stocks…

StockNews.com

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The Guardian - AU

National’s plan for New Zealand’s inflation crisis is merely tax cuts for the wealthy

Under Chris Luxon’s leadership, the best idea the National party can summon is welfare for the wealthiest New Zealanders

StockNews.com

2 Stocks Investors Can Buy for Under $6

Widespread recession possibilities and sky-high inflation have kept the stock market extremely volatile. However, this could be an opportune time to scoop up low-priced stocks, Nokia (NOK) and trivago (TRVG), which are well-positioned to rebound soon. Keep reading….

The Hindu

Despite pressures, the Indian rupee’s remarkable resilience

Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times

The Hindu

Inflation is peaking, will moderate: Chief Economic Adviser

Inflation rate in India at 7% is far better than other countries: Nageswaran

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Miami Herald

The Week Ahead: Fed looking for the right number on interest rates

What are 25 basis points worth? What message does a quarter percentage point rise in short-term interest rates send to investors, companies and consumers?

The Independent UK

Russia's central bank slashes rate, saying inflation slows

The Russian central bank has slashed its key interest rate just a month after dropping it to where it was before sending troops into Ukraine, saying inflation is still easing partly as consumer demand falls

Daily Mirror

Co-op slash 400 jobs 'with heavy heart' amid tough trading conditions and inflation

A spokesman for the Co-op said: "At our last set of annual results, we shared that as part of our strategy, making our Co-op more efficient and cost-effective was a priority

StockNews.com

Is TNC a Good Industrial Stock to Buy to Ride out Demand Trends?

Despite rising inflationary pressures, Tennant (TNC) has not revised its annual net sales guidance. The company is confident in riding out the uncertain macroeconomic environment on the back of continued demand for its products and services. So, will it be wise to buy the stock now? Read on to learn…

Wales Online

400 jobs to go at supermarket hit by tough trading conditions amid 'rising inflation'

Bosses said changes were being made with a 'heavy heart'

Daily Mirror

10 ways to save money right now - quitting Netflix to keeping your car on the drive

Trends have been spotted in how people in the UK are looking to save money during the cost of living crisis, with households cooking from scratch more and repairing old clothes

The Guardian - UK

Co-op Group to cut 400 jobs at Manchester head office

The group blamed rising inflation for job losses as it vows to protect shoppers from higher prices

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