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The Latest Breaking News from Inflation

Almost 500,000 UK small businesses ‘at risk of going bust within weeks’

Federation of Small Businesses calls on Rishi Sunak for more support to deal with ‘ticking timebomb’

The Guardian - UK

This age of inflation reveals the sickness ailing Britain’s economy: rentier capitalism

Profits have become all-but guaranteed for wealthy elites, says economist William Davies

The Guardian - UK

FTSE 100 Live: Oil price rises as China eases Covid curbs, Bitcoin above $30,000

China’s easing of Covid curbs and hopes that inflation in the US may be near its peak helped lift the mood for European markets today.

Evening Standard

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Miner, tech shares lift ASX higher; AGL tumbles on demerger collapse; ACCC sues Mastercard

Australian shares have risen, led by gains in technology stocks tracking a Wall Street rally and mining stocks on new strength in commodity prices, while AGL Energy fell on withdrawing plans for its demerger.

ABC News

Colombia presidential election: leftist former guerrilla and populist outsider head to runoff

Rivals Gustavo Petro will face Rodolfo Hernández on 19 June amid growing discontent over inequality and inflation

The Guardian - AU

Colombia presidential election: Leftist Petro and populist Hernandez headed for run-off

The early vote count in Sunday’s six-way presidential election in Colombia pointed toward a run-off in June, with leftist former rebel Gustavo Petro leading in a ballot held amid growing discontent over increasing inequality and inflation.

France 24

Don't turn off the tap just yet

Whether the government should bid farewell to economic stimulus measures became a source of debate after the topic was raised by an economist at Thailand Development Research Institute (TDRI).

Bangkok Post

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Alan Kohler: Jim Chalmers needs an inquiry into tax

By far the best thing Jim Chalmers could do for his party and the country would be to find a way to escape the 23.9 per cent limit on tax to GDP.

The New Daily

Three months in: inside City Mission’s new home

Auckland City Mission’s new base of operations opened during the hard times of inflation and Covid-19 but that has proven to be lucky timing

Newsroom.co.nz

How Partygate could do for Johnson as Black Wednesday did for Major

The Tory reputation for economic competence was shredded in 1992 but the present PM’s woes go deeper, politically and economically

The Guardian - UK

The Observer view on Rishi Sunak’s cost of living package

The chancellor’s £15bn spending is a welcome step in the right direction, but offers no plan for growth and fails to address the causes of child poverty

The Guardian - UK

Colombians to vote for president amid generalized discontent

As Colombians emerge from the pandemic to find increasing inequality, inflation and violence, they will pick their next president Sunday from a pool of six men who are all promising various degrees of change amid a generalized sense that the country is headed in the wrong direction

The Independent UK

Premium bond holders get a better chance of winning prizes

NS&I has put extra cash into the winners’ pot, but soaring inflation is eroding holders’ cash more quickly

The Guardian - UK

Higher living costs slow local economy

Thailand's economic activity showed signs of slowing in the second quarter as a result of the higher cost of living, says World Bank Thailand.

Bangkok Post

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The Times of India

Wholesale prices to fuel consumer inflation, says RBI

MUMBAI: The Reserve Bank of India (RBI) has warned of more inflation as an increase in wholesale prices gets passed on to consumers with a lag.

StockNews.com

3 Stocks Under $2 That Will More Than Double in the Next 12 Months, According to Wall Street

Surging inflation, interest rate hikes, and geopolitical uncertainties have recently put the stock market under pressure. So, it could be wise to bet on low-priced stocks that possess solid rebound prospects. Wall Street Analysts expect low-priced stocks PaySign, Inc. (PAYS), Sorrento Therapeutics, Inc. (SRNE), and National CineMedia, Inc. (NCMI) to…

Benzinga

Analysts Slash Price Target On American Eagle Outfitters Post Q1 Results

Analysts slashed the price target of American Eagle Outfitters Inc (NYSE:AEO) following the company's Q1 results. BMO Capital analyst Daniel Stroller lowered the price target to $15 (14% upside) from $23 and kept a Market Perform rating on the shares. Stoller noted that macro-economic problems like inflation and soaring gas prices had amplified the issues in…

Reason

New CBO Report Exposes Biden's Deficit-Reduction Misinformation

The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.

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The Hindu

Dependence on components from abroad hurts importers

Soaring container costs, from Rs 1.5 lakh to Rs 12 lakh, hurt importers in Karnataka

The Guardian - UK

Soaring inflation is a symptom of ‘free market’ orthodoxy

Letters: There is no such thing as a free market – they are always set up to serve particular interest groups, writes Dr Tony Brauer

Benzinga

Despite Inflation, Costco Not Raising Hot Dog Prices Or Membership Fees

Leading warehouse retailer Costco Wholesale Corp (NASDAQ: COST) reported third-quarter financial results after market close Thursday. Along with the earnings report, the company also addressed two important questions on the minds of investors and customers.

The Conversation

Inflation: there's a vital way to reduce it that everyone overlooks – raise productivity

Inflation has become one of the great issues of our times. The UK’s is the highest in the G7, weighing in at 9% a year according to the most recent figures on consumer price inflation.

Daily Mirror

Boris Johnson suggests cost of living help will have to tide Brits over until Spring

Boris Johnson said the £15bn cost of living payment 'bazooka' will 'get us through until prices start to abate' - but 'the government cannot solve every problem'

Daily Mirror

Martin Lewis explains how much you’ll get from £15billion cost of living deal

MoneySavingExpert founder Martin Lewis has taken to TikTok to run through all the different measures of support that were confirmed by the Chancellor

Tribune News Service

US wage increases show signs of peaking in welcome sign for Fed

U.S. wage growth looks to be peaking, a heartening development for the Federal Reserve if not for American workers.

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