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The Latest Breaking News from Inflation

Dijon mustard stocks running out amid climate crisis and Ukraine war

French mustard manufacturers are struggling to get hold of seeds from Canada and Ukraine

The Independent UK

Almost one in five people in Ireland living in fuel poverty

The soaring cost of living, and in particular the spiralling energy costs for homes, is now seeing 17.5% of people spending more than 10% of their income on energy bills

Irish Mirror

Read How Children's Place Fared In Q1

Children's Place Inc (NASDAQ:PLCE) reported a first-quarter FY22 sales decline of 16.8% year-on-year to $362.35 million, missing the consensus of $401.59 million. The gross profit decreased 24.6% Y/Y to $141.9 million, with the margin contracting 400 basis points to 39.2%. Adjusted gross margin contracted 429 basis points to 39.2%. Operating income for the…

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Sri Lanka defaults on debts for first time

Economists fear Sri Lanka could be first of several, with IMF in talks with Egypt, Tunisia and Pakistan

The Guardian - UK

North East disabled people 'will suffer and die' as prices continue to rise

Disability charities from across the North East have called on the Government to do more to address the cost of living crisis

Chronicle Live

IMF chief warns of multiple inflationary shocks amid market jitters

Kristalina Georgieva cites Russia’s war in Ukraine and cost pressures caused by China’s zero-Covid policies

The Guardian - UK

Paying to get paid: Young Zimbabweans trade money, sex for jobs

Experts say a series of monumental economic mistakes has led to acute unemployment and unethical recruitment in Zimbabwe

Al Jazeera

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Mitt Romney launches bill to stop Biden cancelling student loan debt

White House is under pressure from the left to cancel some or all student loan debt to stave off bruising midterms

The Independent UK

2 ETFs to Avoid After Goldman Sachs Warns of a Slowdown in Consumer Spending

As Goldman Sachs warns of a potential slowdown in consumer spending in the coming months, given multi-decade high inflation and Fed's impending interest rate increases, we think it could be wise to avoid consumer discretionary ETFs SPDR Select Sector (XLY) and Vanguard (VCR). Read on to learn more.

StockNews.com

Grants for restaurants, small businesses blocked in Senate - Roll Call

Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday.

Roll Call

Union claims gas outages could happen as workers plan 48-hour strike

The strike will affect five regions in England

Wales Online

Home sales tumble again as mortgage rates surge

Sales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs

The Independent UK

Germany pledges 1 billion euros in grants to help Ukraine - Finance Minister

German Finance Minister Christian Lindner said he pledged 1 billion euros ($1.06 billion) in grants to Ukraine at a meeting of finance officials from the Group of Seven (G7) economic powers on Thursday to help it with short-term liquidity needs.

Reuters

Pubs heading for ‘absolute disaster’ says Sacha Lord as inflation set to BATTER hospitality

The night time economy advisor says that the chancellor has to act now

Manchester Evening News

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The Independent UK

Average long-term U.S. mortgage rates edge down to 5.25%

Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels

Birmingham Post

Portmeirion off to good start to 2022 as it continues to navigate economic challenges

Sales at the Stoke-based company increased by two per cent in the first four months of the year

StockNews.com

4 Consumer Defensive Stocks to Buy as Inflation Remains Elevated

Inflation has surged to record levels. And in a high inflationary environment, consumer defensive stocks do well due to the almost inelastic demand for their products. So, since inflation is expected to remain elevated due to high energy prices and supply chain issues, we think it could be wise to…

The Guardian - UK

Want to know why food prices won’t go down any time soon? Ask a farmer

The simple solution to food inflation is to grow more of our own produce. Just don’t expect the government to support that

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news in one place.

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Glasgow Live

Royal Mail warns of potential rising costs amid surging inflation

The Royal Mail have said that they will need to bump up prices as they try and cope with rising inflation rates which comes amid the ongoing cost of living crisis.

Daily Record

Charity calls for immediate increase in child element of Universal Credit to help families with rising costs

The Joseph Rowntree Foundation said parents are skipping meals to ensure their children can eat.

Birmingham Post

Government must stop UK sleepwalking into recession due to ‘eye-watering’ inflation, says Chamber boss

Scott Knowles, 'More needs to be done to help consumers and businesses through this difficult period'

The Independent UK

LOCALIZE IT: Ideas for local coverage of stock market slump

EDITORS/NEWS DIRECTORS:

The Independent UK

More Americans apply for jobless benefits last week

More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment benefits is at a 53-year low

Daily Mirror

Shoppers warned milk prices will soar even higher amid cost of living crisis

Arla Foods' chief commercial officer Peter Giortz-Carlson said farmers are struggling with the price of packaging and feed for animals, and this will have to be passed on to shoppers

Benzinga

Why Cathie Wood Says Record-Breaking Inventories Could Lead To Weaker Prices

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