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The Latest Breaking News from Inflation

Rupee slips 5 paise to close at all-time low of 77.55 per dollar

MUMBAI: The rupee pared its initial gains and settled 5 paise lower at its fresh lifetime low of 77.55 against the US dollar on Friday, as inflation concerns and strength of the American currency weighed on the local unit.

The Times of India

Inflation Triggers Mandatory Minimum Wage Increases in California

The state’s unemployment rate is well above average, yet there’s a ballot initiative hoping to push the minimum wage to $18 an hour.

Reason

Farmland is More Profitable Than you Think. Discover 3 Simple Ways to add it to Your Portfolio Today

Many real estate sub niches like office space, apartments, shopping malls and self-storage are available to investors. One that is often overlooked is farmland. After all, only 17% of the available land in the U.S. is dedicated to farming.

Benzinga

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How The Fed's Interest Rate Hike Affects Crypto

This week has been quite the rough one for the cryptocurrency market. After enduring several days of consistently falling prices last week, we saw Monday come with even more bad news as coin prices took further tumbles.

Benzinga

Mid-Day Market Update: Crude Oil Rises 3.5%; FIGS Shares Slide

U.S. stocks traded higher midway through trading, with the Nasdaq Composite adding more than 3% on Friday.

Benzinga

Cost of living poll: Tell us how inflation is affecting you and your family

We want to hear your views on what you think the Government should do to help ease the burden on the Irish public.

Irish Mirror

Jefferies Downgrades Vodafone For First Time In 2 Years

Jefferies downgraded Vodafone Group Plc (NASDAQ:VOD) for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, Reuters notes. Analyst Jerry Dellis noted that Vodafone is facing intense competition in several key markets amid rising costs. He downgraded the company to Hold from Buy. Also Read: Vodafone…

Benzinga

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Seth Meyers: ‘It is on Democrats to do something to improve people’s lives’

Late-night hosts discuss Democrats’ floundering on inflation, North Korea’s Covid outbreak and the potential domino effect of overturning Roe v Wade

The Guardian - US

Mid-Morning Market Update: Markets Open Higher; Dow Surges 1.5%

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 450 points on Friday.

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga

Tesco criticised as chief pockets £4.75m amid soaring prices

Ken Murphy is awarded highest annual bonus by supermarket since 2016 as profits more than double thanks to easing of lockdown

The Guardian - UK

Pat Flanagan column: Big builders getting huge handouts makes little sense

Whatever happened to capitalism and the free market, or is that only for the little guy?

Irish Mirror

Hungary's Orban hands ex-aide, finance minister economic challenge

Hungary's Prime Minister on Friday put former central banker Marton Nagy and finance minister Mihaly Varga in charge of tackling the economic challenges caused by soaring inflation, the Ukraine crisis and a ballooning deficit.

Reuters

How far left will President Macron lean in his choice of prime minister?

Recently re-elected centre-right French President Emmanuel Macron has promised to take account of the groundswell of revolt that saw the political extremes attract record numbers of voters. Macron's choice of leader for the new government will be crucial. Could Jean-Luc Mélenchon get the job?

Radio France Internationale

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The New Daily

Scott Morrison faces a storm of anger as latest data reveals standard of living is nosediving

Scott Morrison’s claim to strong economic management will be tested in the final week of the campaign, as new data reveals a rise in dissatisfied voters.

Al Jazeera

How Lebanon’s independent hopefuls seek to bypass media barriers

Contenders running against traditional sectarian parties are turning to podcasts and social media.

Daily Record

Rishi Sunak blames IT problems for not raising benefits in line with soaring inflation

The Tory chancellor left himself open to ridicule when he blamed the UK Government's IT systems for not raising benefits in line with the soaring cost of living.

Evening Standard

City comment: Why getting a lunchtime restaurant booking in London is a struggle

Finding a lunch booking in London these days can feel like trying to get Glastonbury tickets.

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Daily Mirror

Boss to start paying staff in gold instead of cash as part of new wages trial

Cameron Parry, CEO of e-money provider TallyMoney, employs around 20 members of staff and says each person will have the option to be paid in gold as part of a new trial

The Guardian - UK

Rishi Sunak says technical problems stopped him raising benefits more

Chancellor blames DWP computers that allow uplift only once a year, in claims labelled ‘pathetic’ by Jonathan Ashworth

Roll Call

Rick Scott has no regrets about calling for Biden to resign as both sides go bare knuckles - Roll Call

A key Republican senator has no regrets about calling for Joe Biden to resign as the president sharpens his midterms message.

The Guardian - UK

Send in your questions: what do you want to know about UK inflation?

We want to hear about the questions you have around inflation but have been afraid to ask

The National (Scotland)

Rishi Sunak claims computer systems won't let Tory government raise benefits

PARALLELS have been drawn between Chancellor Rishi Sunak and a character from a popular comedy show after the top Tory claimed the Government’s…

The Guardian - UK

Households falling into poverty isn’t inevitable. Here’s how we can prevent it

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

The Guardian - US

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

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