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The Latest Breaking News from Inflation

Tomatoes are the next big risk to Modi govt's fight against inflation

NEW DELHI/MUMBAI: Tomato prices are surging in India, putting politicians on notice as vegetables have an unusual history of toppling governments in the country.

The Times of India

Politics with Michelle Grattan: Tony Burke advocates on wages and arts

Tony Burke is the minister for employment and workplace relations and minister for the arts, as well as the leader of the House of Representatives.

The Conversation

Leeds homeless wish the Queen 'good luck' for Platinum Jubilee

Rough sleepers, struggling with addiction and inflation, have wished 'good health and good luck' to the Queen and the Royal Family

Leeds Live

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Panel expects export growth to ease

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the country's export growth to slow for the remainder of the year as a result of several global uncertainties.

Bangkok Post

Investors urged to be wary of digital assets

A local cryptocurrency industry leader recommends suspending investment in digital assets as he expects the global market to face intense volatility in the near term from rate hikes and monetary policy tightening.

Bangkok Post

In the end, economic theories prevail

I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.

Bangkok Post

2 Retail Stocks to Avoid After Cutting 2022 Guidance

Retail companies have been facing several macroeconomic challenges of late that include elevated inflation and supply chain disruptions aggravated by Russia’s invasion of Ukraine. After reporting poor first-quarter earnings, some hard-hit retail companies slashed their earnings guidance for 2022. Thus, we think it could be wise to avoid the stock…

StockNews.com

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Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.

Attacking big firms just for being big could drive up prices.

Reason

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.

WEKU

Pensioner forced back to work by cost-of-living crisis

Maurice Taylor’s ‘reasonable’ pension has not kept pace with soaring inflation

The Independent UK

Should You Add Sonder Holdings to Your Portfolio?

Leading next-generation hospitality company Sonder Holdings (SOND) has made significant progress in expanding its live-unit footprint to capitalize on the growing demand for travel and leisure services. However, given that fears about surging inflation and supply chain disruptions could weigh heavily on its stock, would it be wise to add…

StockNews.com

5 Resilient Stocks to Own During a Market Downturn

The stock market closed the last trading session of May in the red, underscoring inflation fears and rising oil prices. Furthermore, strategists expect the broad market to decline further, given the inflationary pressures and the Fed’s monetary tightening. Hence, we think stocks that have outpaced the broader market so far…

StockNews.com

Large landlords in Germany consider rent increases as inflation soars

Germany's largest residential landlord Vonovia will increase rents if high inflation rates persist, its chief executive officer said, as consumer prices in Europe's biggest economy have reached the highest level in nearly half a century.

Reuters

Politicians Cause Real Pain With Inflationary Policies

Inflation damages the economy while doing the greatest harm to the most vulnerable.

Reason

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Evening Standard

Downing Street set to hold weekly press conferences over cost of living crisis

Downing Street is looking at holding weekly press conferences on the cost of living crisis, according to government sources.

Evening Standard

Consumers face sharpest food price rises in a decade

British Retail Consortium states costs are ‘likely to get worse before it gets better’

The Independent UK

Germany's Scholz seeks broad alliance to curb inflation

German Chancellor Olaf Scholz says he wants to join employers and labor unions in a “concerted action” to find ways of cushioning the effects of rising prices while preventing inflation

Evening Standard

UK house prices rise despite successive interest rate hikes — and show no sign of a dramatic slowdown

Nationwide said the average price of a home in the UK rose 0.9% in May — the 10th successive monthly increase

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France 24

Germany launches €9 all-access public transport ticket

The new German government is making most public transport across the country available until the end of August for a monthly fee of only €9. The move aims to offset inflation and reduce carbon emissions. Our Berlin correspondents Anne Mailliet and Nick Spicer report. Also in this edition, we see…

Asharq Al-Awsat

World Shares Mixed after Stocks Retreat on Wall Street

World shares were mixed Wednesday after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates. Germany's DAX gained 0.5% to 14,465.06 and the CAC 40 in Paris advanced 0.5% to 6,497.69.

The Independent UK

Food shop prices growing at fastest rate in more than 10 years amid warning ‘it will get worse’

Experts warn food inflation will “get worse before it gets better”

Evening Standard

Dr Martens defies inflation to polish off record sales in boost to high street

DR Martens today defied global economic turmoil to produce record results that offer at least a glimmer of hope for a battered UK high street.

The Guardian - UK

UK house price slowdown ‘on way’; factory growth hits 16-month low – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

Axios

Treasury Secretary Janet Yellen: "I was wrong about the path inflation would take"

"There have been unanticipated and large shocks to the economy that have boosted energy and food prices," she told CNN.

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