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The Latest Breaking News from Inflation

Police should use 'discretion' over prosecuting people stealing to eat in cost of living crisis, says top cop boss

Andy Cooke said he expects to see a rise in petty crime

Manchester Evening News

India, fastest-growing major economy, projected to grow 6.4% in 2022: U.N.

The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast

The Hindu

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

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Six things the Government is NOT doing to help Brits with cost of living crisis

Professor Richard Murphy says politicians are doing almost nothing to help people who are struggling because they believe the market can solve a problem better than anything the government can do

Daily Mirror

Thursday briefing: Why we don’t have to balance the books

In today’s newsletter: As inflation hits a 40-year high of 9%, Archie Bland explores the causes of the crisis, and the potential solutions left out of the debate

The Guardian - UK

India, fastest-growing major economy, projected to grow 6.4% in 2022: UN

UNITED NATIONS: As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and…

The Times of India

One step forward or two steps back? MPs react to budget

A polarising Budget saw strong debates in Parliament this afternoon, as MPs from both ends of the political continuum laid out how they would have done things differently

Newsroom.co.nz

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Chancellor calls for business to invest and innovate to boost long-term prosperity

Rishi Sunak tells CBI that he stands ready to help families cope with the impact of rising inflation, but companies can do more to offset country's economic woes

Wales Online

NZ opposition savages 'backwards' budget

New Zealand's opposition says rising inflation will see Kiwis migrate to Australia, as it slams the government's fifth budget as "backwards".

AAP

What the papers say – May 19

The threats of rising inflation and the cost of living continue to feature on the front pages.

The Independent UK

Boris Johnson - live: PM to face no further fines, as police end Partygate probe

Follow the live updates below

The Independent UK

Winter coming with deathly chill as UK taken deep into the valley of poverty

Record View says what has been in terms of austerity in the last decade will have nothing what's to come.

Daily Record

New Zealand hands out extra cash to fight 'inflation storm'

New Zealand’s government says it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as “the peak of the global inflation storm.”

The Independent UK

A forgotten story of the election is First Nations voices are often excluded from the conversation

Many people I’ve spoken to feel invisible and sidelined in politics, but their concerns should be heard

The Guardian - AU

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The Guardian - AU

Ukraine war has stoked global food crisis that could last years, says UN

Shortages of grain and fertiliser could cause ‘mass hunger and famine, says chief, as World Bank pledges $12bn to ease shortfall

Reuters

Australian leaders focus on undecided voters in final campaign push

Australia's political leaders raced to get their message out to undecided voters in marginal seats on Thursday, two days before a general election, with economic problems dominating the last stretch of a tough campaign.

The Guardian - AU

New Zealand budget 2022: Ardern offers $1bn in sweeteners to tackle cost of living ‘storm’

PM says budget, which includes major spending on climate and health care reform, aims to ensure long term ‘economic and social security’

The Guardian - AU

Australia’s jobless rate at 50-year low of 3.9% but fewer positions added in April than predicted

The labour force figures are the final piece of economic data before the federal election and will be welcomed by the Coalition

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Newsroom.co.nz

Budget 2022: Health and squeezed middle win big

The Government responds to the financial pain of the 'squeezed middle' with a $1 billion Budget cost-of-living package, writes political editor Jo Moir

Newsroom.co.nz

Budget 2022: Robertson eyes Labour’s soft support in era of global uncertainty

A cost of living payment aimed at middle New Zealand is a reminder of the impending election, in a budget otherwise dancing around global volatility.

Newsroom.co.nz

$1b to ease cost of living pain to households – but that doesn't help business

Tonight, the Government will immediately introduce a law change to stop supermarkets land-banking, in a largely symbolic show of its commitment to reining in rising inflation.

Tribune News Service

Stocks set to sink as bonds jump on growth fears: Markets wrap

A slump in stocks is set to continue in Asia on Thursday after mounting fears of an economic downturn hit US shares and spurred a flight to havens including Treasuries and the dollar.

Benzinga

Bitcoin, Ethereum, Dogecoin Pulled Down By Equities' Slide As Focus Shifts To Fed's Hawkishness

Bitcoin, Ethereum and other major coins crashed on Wednesday evening, as the global cryptocurrency market cap lost more than 6.4% to $1.2 trillion at press time.

Reuters

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

AAP

Libs won't back 'artificial' wage figure

Employment Minister Stuart Robert won't reveal whether he would support the minimum wage to rise at the pace of inflation following dismal wages figures.

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