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The Latest Breaking News from Inflation

3 Restaurant Stocks Investors Don't Want to Dig Into

The restaurant industry is struggling amid the high inflation and labor shortage. As these challenges are expected to persist in the near term, fundamentally weak restaurant stocks Sweetgreen (SG), Kura Sushi (KRUS), and Yoshiharu (YOSH) might be best avoided. Keep reading.

StockNews.com

DWP benefits changed in April 2023 including Universal Credit, pensions and income support

What you will get paid after April 10 when the rates are set to rise

Nottingham Post

Many electric vehicles to lose big tax credit with new rules

Fewer new electric vehicles will qualify for a full $7,500 federal tax credit under rules proposed by the Treasury Department

The Independent UK

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Markets Today: Stock Indexes Rally as U.S. Price Pressures Moderate

Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.34% at a 3-1/2 week high, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.24% at a 7-1/4 month high. U.S. stock index futures this morning are moderately higher after U.S. inflation in Feb rose less...

Barchart

Glasgow to spend extra £1 million on bringing 'world's biggest cycling event' to city

The additional money for the event, set to bring the top cyclists from 120 countries to Glasgow, is needed due to rising inflation and the pandemic.

Glasgow Live

A key inflation gauge tracked by the Fed slowed in February

The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates

The Independent UK

Aldi shoppers should try to do their big shop on a Wednesday, says money saving expert

He's also said that Marks and Spencer can often prove cheaper than both Aldi and Lidl

Manchester Evening News

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Eurozone inflation falls sharply as energy prices drop

Annual rate down to 6.9% this month, with signs of cost of living pressures easing

The Guardian - UK

London house prices: soaring mortgage rates cause drop in property values

Drop in house prices comes as households face rising bills and soaring inflation

Evening Standard

Minimum wage increase for 1.7m workers – but rises ‘wiped out’ by inflation

‘As employers give pennies, government is taking pounds with end of energy bills help’

The Independent UK

The top side hustles people are researching as inflation soars

Around 24,000 people are going onto Google and researching “how to make money online” each month. These are the side hustles they are turning to.

Fortune

World Bank Says Recoveries in Asian Economies Losing Steam

Developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags, the World Bank said in a report released Friday. The report forecasts that growth in the region including China will pick up pace this year after the world's No.…

Asharq Al-Awsat

Sri Lanka's key inflation rate eases to 50.3% in March

Sri Lanka's key inflation rate eased to 50.3% in March from 50.6% in February, the statistics department said on Friday. The Colombo Consumer Price Index (CCPI) reflected a reduction in food inflation to 47.6% in March from 54.4% in February, but non-food inflation reached 51.7%, the Census and Statistics Department…

Reuters

S&P Futures Tick Higher Ahead of Key U.S. Inflation Data

June S&P 500 futures (ESM23) are trending up +0.16% this morning after three major U.S. benchmark indices closed higher on Thursday as technology-related shares continued to shine, while investors braced for crucial inflation data for more clues on Federal Reserve’s next rate moves.

Barchart

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The Independent UK

Europe's inflation eases to 6.9% as energy falls but food up

Inflation in the 20 countries that use the euro slowed to 6.9% in March

France 24

Post-Brexit UK to join CPTPP free trade bloc

Britain has clinched a deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and become the trade bloc's first new member since its inauguration in 2018. It's a win for the UK, which had been looking to bolster global trade ties since leaving the European Union. Plus,…

The Guardian - UK

UK firms report surge in orders amid signs of economic recovery

After UK narrowly misses recession IoD reports rise in business demand, confidence, hiring and investment in March

Reuters

Hungary to phase out some of its price caps as inflation comes down -PM Orban

Hungary's government aims to phase out price caps on basic food and mortgage rates gradually as inflation slows, Prime Minister Viktor Orban said on Friday, without giving an exact timeline.

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The Independent UK

Asian stocks follow Wall St up ahead of US inflation update

Asian stocks have followed Wall Street higher ahead of a United States inflation update that traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes

The Guardian - UK

UK house price correction ‘has some way to go’ after March falls; eurozone and US inflation falls – as it happened

Average UK house prices fell 3.1% in year to March, while energy costs are now falling in the eurozone and US core PCE inflation has dropped

Daily Mirror

Car tax rising from TODAY in blow for drivers - see how much more you'll pay

Car tax - known more formally as Vehicle Excise Duty - will increase in line with Retail Price Index (RPI) inflation of 10.1% from April 1, in bad news for drivers

Liverpool Echo

Seven things that will cost you more money in April including water and tax

April marks the start of a new financial year - here are the price increases to be aware of next month

The Independent UK

High inflation pushes poverty rate even higher in Argentina

One of the world’s highest inflation rates is making it more difficult to make ends meet in Argentina

Bangkok Post

Thai exports expected to recover in second half

The Commerce Ministry projects the country's export sector to gradually recover in the latter part of the year as inflationary pressures and global supply chain issues align with energy price trends.

The Guardian - AU

Laura Tingle becomes ABC staff-elected director – as it happened

The 7.30 political correspondent will sit on the broadcaster’s board alongside chair Ita Buttrose

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Phusit Ratanakul Sereroengrit

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