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The Latest Breaking News from Inflation

Sonia Gandhi chairs meeting of AICC top brass on next phase of Jan Jagran Abhiyan

The mass agitation programme Jan Jagran Abhiyan is to highlight issues like inflation, recession, unemployment rate, and farm distress

The Hindu

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

WEKU

As Turkey’s economic crisis grows, politicians spar over refugees

As tensions rise over Turkey’s millions of refugees, politicians are seeking to capitalise on the resentment.

Al Jazeera

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Bezos, Biden spar about inflation on Twitter

Amazon.com Inc founder Jeff Bezos on Friday accused United States President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.”

Bangkok Post

‘This is about survival’: will Cop27 bring action on Glasgow climate pact?

Six months from Cop27, climate advisors warn talks must follow through on plans made in Glasgow to limit global heating to 1.5C

The Guardian - UK

GOP's new midterm attack: Blaming Biden for formula shortage

The nationwide shortage of baby formula is quickly becoming the GOP's latest election-year attack on President Joe Biden

The Independent UK

Gavin Newsom’s $300 billion budget funds tax rebates, abortion care, nurse bonuses and more

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Friday released a $300.6 billion spending plan that would fund tax rebates, abortion care, bonuses for health care workers and more, fueled by a $97.5 billion surplus.

Tribune News Service

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One week out and our Pub Test panel is still searching for campaign answers

"Both leaders are playing the man not the ball. I find that very poor in an election process."

Newcastle Herald

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

inkl Originals

Older UK renters forced to cut back on spending as living costs soar

Exclusive: Many tenants aged over 65 are already struggling, Independent Age research finds

The Guardian - UK

Stocks roar back at end of nerve-racking week: Markets wrap

Stocks rallied at the end of a chaotic week in financial markets, with a little help from Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days.

Tribune News Service

Equities steady after a week of inflation-fed worries

Recap: Global stocks regained some ground on Friday after a turbulent week triggered by concerns over surging inflation, aggressive rate hikes and slowing economies.

Bangkok Post

Stick with firms that gain from reopening

April typically is the weakest month for share trading activity given the large number of holidays and the low number of trading days. It's not surprising, then, that average trading turnover for the month was just 72 billion baht, down almost 20% from 89 billion baht in March.

Bangkok Post

Full circle: On cutting fuel taxes

Cutting fuel taxes is a must to ensure overall macroeconomic stability

The Hindu

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Benzinga

Markets Finish Sharply Higher Amid Ongoing Macro Concerns

U.S. indices traded sharply higher Friday following recent weakness. Markets were highly volatile this week, selling off following the April CPI report, which showed worse-than-expected inflation.

The New Daily

Michael Pascoe: Everyone is wrong about a 5.1 per cent minimum wage rise

The government knows how miserable the real-world outcome is for people on low wages suffering excruciating effective marginal tax rates.

Tribune News Service

Analysis: Rick Scott has no regrets about calling for Biden to resign as both sides go bare knuckles

WASHINGTON — A key Republican senator this week called on President Joe Biden to resign, something that once was done scarcely. But Sen. Rick Scott has no regrets.

Benzinga

Mid-Afternoon Market Update: Nasdaq Jumps 400 Points; Duolingo Shares Spike Higher

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite adding 400 points on Friday.

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The Guardian - AU

As the shine comes off NZ Labour, Grant Robertson hopes his budget can steady the ship

Finance minister’s fifth budget – with spending on health and the environment - will be key scene-setter ahead of New Zealand election expected next year

The Independent UK

Pricey tortillas: LatAm's poor struggle to afford staples

Across Latin America, the sharpest price spike in a generation has left many widely consumed local products suddenly hard to attain

The Independent UK

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

It’s been a wild week in crypto, even by crypto standards

Newcastle Herald

LETTERS: Trams, traffic, transformation: What's true?

Newcastle Herald readers have their say

The Guardian - UK

‘Golden era’ of cheap food over as two in five Britons buy less to eat

ONS survey reveals worsening effects of cost of living crisis, with food prices forecast to have risen by 9% in April

Daily Mirror

Supermarket own-brand foods shoot up in price - list of products rising up to 30%

Alison Palmer revealed said the increase of budget products in supermarkets has been 'very noticeable' and made a 'detrimental' impact on how the rise has made life even harder

The Independent UK

Food banks struggle to meet demand as four in 10 shoppers cut back on groceries amid surging prices

More people reduce grocery shopping while food charities report soaring demand as cost of living crisis deepens

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