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The Latest Breaking News from Inflation

Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Warner Bros. Discovery, Inc (NASDAQ:WBD) could downsize up to 30% or nearly 1,000 jobs in its global advertising sales team, Reuters reports. Warner offered members of its U.S. advertising sales team an option to leave the company voluntarily. The global advertising sales team has ~3,000 members. Also Read: Warner Bros. Discovery Registers 15%…

Benzinga

Pakistanis urged to cut down on tea consumption to fix ailing economy

If rising fuel prices, inflation and political turmoil weren't enough, Pakistanis have now been asked to cut down on their daily tea intake.

ABC News

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

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Health care consumers feeling economic sting

During the pandemic, Americans aged 50 to 64 said they've been skipping medications, cutting back on food and utilities to cover their medical needs. And they're increasingly worried about covering their future bills, according to newly released Gallup polling.

Axios

What workers really want: raises that beat inflation

Crunchbase employees got a 7% raise, outside of their regular review cycle, just to keep up with inflation

Axios

Joe Biden Could Ease Trump-Era Tariffs On China To Tame Inflation

President Joe Biden is considering rolling back some tariffs imposed on Chinese goods during the term of former President Donald Trump as the United States grapples with inflation.

Benzinga

Govt at odds with Bank of Thailand over raising rates

Government leaders are publicly making a case for keeping interest rates lower for longer, a call that is putting them at odds with the nation’s monetary policy makers who are keen to raise borrowing costs sooner to keep inflation from overheating.

Bangkok Post

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Consumer confidence plunges to worst level since peak of pandemic, Westpac survey shows

Experts say stretched businesses could face further pain as people cut spending and award wages rise

The Guardian - AU

Asian stocks mixed ahead of Fed rate hike decision

Asian stock markets are mixed ahead of the Federal Reserve’s announcement of how sharply it will raise interest rates to cool U.S. inflation

The Independent UK

National minimum wage to rise in July, but inflation rate leads to cut in real wages for workers on awards

The national minimum wage will be increased by 5.2 per cent, while those on award rates will see a 4.6 per cent rise. But because inflation is at 5.1 per cent, the wage hike means less to some workers.

ABC News

Albanese welcomes pay rise for pandemic ‘heroes’

Prime Minister Anthony Albanese has welcomed the Fair Work Commission's decision to raise the minimum wage by 5.2 per cent amid concerns about inflation.

The New Daily

Lucky dollar: 5.2% minimum wage increase is a significant early political win for the Albanese government

Backing the wage rise shows Labor is on the side of workers at a time when many are doing it tough

The Guardian - AU

WA public sector unions step up fight for pay rises as Australian minimum wage boosted

A major headache is brewing for the West Australian Labor government as unions prepare to ramp up their battle for public sector wage rises that are in line with skyrocketing inflation and cost of living pressures.

ABC News

Australia wants 'broad, deep' security ties with Japan, minister says

Australia wants "broad and deep" cooperation with Japan as the two U.S. allies face complex security circumstances in Asia as a result of Russia's invasion of Ukraine, rising inflation and COVID-19 disruption, its defence minister said on Wednesday.

Reuters

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The Guardian - AU

Stagflation: what is it and is it really happening in Australia?

Australians are feeling the pinch from rising inflation, but experts are divided on whether the 1970s economic phenomenon is back

The New Daily

Woolworths freezes prices on essentials amid cost-of-living alarm

Woolworths will freeze prices on hundreds of household essentials for six months, as shoppers battle with surging inflation.

Bangkok Post

Looming debt crunch positions Laos as next possible Asia default

Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments.

The Conversation

Fair Work Commission gives a 5.2% – $40 a week – increase in the minimum wage

The Fair Work Commission has announced a rise in the minimum wage of 5.2% or $40 a week, taking it to $812.60 a week or $21.38 an hour.

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The Guardian - AU

Australia’s minimum wage earners to get $40 a week pay rise, Fair Work Commission rules

The national minimum wage will lift by 5.2%, with the commission noting a ‘sharp increase in the cost of living’

Pedestrian.tv

Fkn Good: Australia’s Lowest Paid Workers Will Finally Get A Pay Bump To Keep Up With Inflation

The Fair Work Commission has handed down its decision to raise minimum wage by 5.2 per cent after strong pushes from the Labor Government and workers’ rights groups.Fair Work Commission President Iain Ross announced on Wednesday morning minimum wage will go up from $20.33 to $21.38 an hour, or from $772.60…

ABC News

Minimum wage announcement: Fair Work Commission says 5.2pc increase 'protects real value of wages' for Australia's lowest-paid workers

The national minimum wage will be $812.60 per week, or $21.38 per hour, after a decision by the commission exceeds the government's suggested 5.1 per cent increase.

Bangkok Post

Tourism key to recovery

Tourism will be the key engine supporting Thailand's economic recovery, replacing the slowing export sector, says the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank.

The Guardian - UK

English universities over-reliant on overseas students’ fees, report warns

Public accounts committee says institutions ‘potentially exposed to significant financial risks’, with 80 declaring annual deficit

The Independent UK

Government support for poorer students ‘to fall to lowest level in seven years’

Students are turning to payment apps such as Klarna or food banks to make ends meet says NUS.

The Guardian - AU

Morning mail: aged care vaccine rollout ‘too slow’, PM approval rating rises, supermassive black hole found

Wednesday: Only half of aged care residents have had fourth vaccine as deaths climb. Plus: jumping spiders in minute detail

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