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The Latest Breaking News from Inflation

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

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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

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

The Independent UK

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

Birmingham Post

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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…

StockNews.com

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

The Guardian - UK

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.

Glasgow Live

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.

Daily Record

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'

Birmingham Post

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

The Independent UK

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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

The Conversation

Grattan on Friday: Numbers fly as unedifying campaign draws towards its close

The text arrived on Thursday morning, from a woman who helps me with my horses. “And now I have to do that voting thing. Recommendations please? Who is best?”

The New Daily

Michael Pascoe: Now Morrison fibs about immigration

Given the frequency of Scott Morrison telling lies, telling the AFR a fib about immigration levels just before an election is small beer, but also telling.

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The New Daily

US earnings season and Australian real wage cuts dominate markets this week

Shares of US retail giant Target plunged 25 per cent this week, its largest drop since the 1987 market crash as investors panicked about surging inflation.

The Independent UK

Jacinda Ardern says she’s lost all sense of taste after contracting Covid and misses flavour of cheese rolls

As a tradition Ardern shares cheese rolls with the finance minister for breakfast on Budget day

Daily Record

How soaring inflation will affect your household finances over the next few months

The rate of inflation has now reached a 40-year high of 9%.

Wales Online

Three ways to help your finances right now, according to money expert

There are several things many people can look into

Wales Online

Expert warns people over council tax rebate scam

Peter Komolafe said scammers were calling people pretending to be from councils

The Times of India

Investors lose Rs 6.71 lakh crore as sensex crashes 1,416 points amid weak global cues

NEW DELHI: Equity indices posted its biggest drop in 2 months on Thursday tracking an extremely weak trend in the global markets.

The Hindu

Will submit to the majesty of law: Sidhu after Supreme Court sentences him to one-year jail

Chandigarh

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