The Latest Breaking News from Inflation

With US dollar nearly equal to euro, impact is being felt

The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years

The Independent UK · Jul 7, 2022

Latest RBI moves to stabilise rupee face many economic hurdles

Economists estimate FY current account deficit to exceed 3%

The Hindu · Jul 7, 2022

Why has Lurpak become so expensive? Asda seen adding security tags to butter in latest update

The UK is facing the highest rate of inflation in over 40 years.

Evening Standard · Jul 7, 2022

House prices rise at fastest pace since 2004 as UK property market defies expectations

Property price inflation hits 13% as higher-income buyers spend savings built up during the pandemic

The Independent UK · Jul 7, 2022

U.S. Stock Futures Edge Higher After Fed Minutes

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade on Thursday following the release of Wednesday’s Fed meeting minutes, suggesting inflation remains the central bank's top priority.

Benzinga · Jul 7, 2022

Recession Fears Drag on Euro and Crude, Asian Markets Mixed

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows and equities were mixed as recession fears continued to cast a pall across trading floors. Expectations for a contraction in some of the world's leading economies, including China, where a new Covid-19 flare-up has generated…

Asharq Al-Awsat · Jul 7, 2022

Mary Portas comes to the aid of local retailers in partnership with Ankorstore

Leading industry expert joins forces with online wholesaler just as inflation threatens the high street

Evening Standard · Jul 7, 2022

UK’s public finances on ‘unsustainable’ long-term path; house prices surge despite squeeze – as it happened

Office for Budget Responsibility warns the world is becoming a riskier place, as UK faces cost of aging population and loss of fuel duty

The Guardian - UK · Jul 7, 2022

Chips Drive Highest Samsung Q2 Profit since 2018, but Demand Cooling Smartphone Demand Weakens

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Shares of the world's largest memory-chip and smartphone maker rose 2.5% after preliminary results for the…

Asharq Al-Awsat · Jul 7, 2022

French rail workers threaten more strikes, dismiss 'insufficient' inflation wage increase

Unions representing French rail workers warned of more strikes this summer after denouncing wage increases offered by the rail company SNCF, following a one-day strike on Wednesday that disrupted travel at the start of the summer holiday season.

Radio France Internationale · Jul 7, 2022