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The Latest Breaking News from Inflation

Scottish midwives vote to strike over ‘insulting’ pay offer

Royal College of Midwives will soon ballot English and Welsh members after below-inflation offer is rejected in Scotland

The Guardian - UK

2 Stocks That Are Too Risky to Buy in the Current Market

The sky-high inflation and the consecutive rate hikes have kept the stock market under tremendous pressure. Moreover, recession fears are rising. So, we think fundamentally weak stocks Shopify (SHOP) and Carnival Corporation (CCL) could be risky investments in the current market. Keep reading….

StockNews.com

Don’t Let Money Ruin Your Dating Life

BOYNTON BEACH, Fla. — The slowdown in the worldwide Covid pandemic, combined with rising costs for entertainment, food, rent and daily living expenses, has fundamentally changed dating.

Zenger

From analysis to the latest developments in health,
read the most diverse news in one place.

Housing is hammered in the Fed's war on inflation

New GDP data show sharp contraction in residential investment.

Axios

These 3 High-Yielding ETFs Could Be A Great Hedge Against Rising Prices

Investing in dividend exchange-traded funds (ETFs) can be a simple way to earn passive income on a relatively risk-adjusted basis. During recessions, blue chip dividend stocks with strong fundamentals tend to fare well compared to growth investments.

Benzinga

Even as US economic recovery rebounds, demand stalls

US economy snapped two straight quarters of GDP decline to grow 2.6 percent, but domestic demand weakened.

Al Jazeera

Council 'just treading water' as it tackles inflation and cost of living pressures

"There are a lot of external pressures, the environment is changing and we are just treading water to keep pace with things"

Liverpool Echo

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European Central Bank hikes interest rates, fuelling recession fears

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

The Guardian - UK

2 Dividend Stocks That’ll Protect Your Money From Sky-High Inflation

Despite the Fed’s aggressive rate hikes, inflation is nowhere near its target level. Moreover, experts believe it might be a while before inflation comes down from the levels seen this year. Hence, investing in reliable dividend-paying stocks Global Partners (GLP) and Westlake Chemical Partners (WLKP) might help hedge against sky-high…

StockNews.com

Egypt's Pound Slides as IMF Deal Triggers New Exchange Rate

Egypt's pound slid about 14.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate regime". The central bank also raised interest rates by 200 basis points in an out-of-cycle meeting, saying…

Asharq Al-Awsat

ECB warns of 'looming recession'

FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.

Bangkok Post

Average long term mortgage rates jump above 7% this week

Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a direct result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years

The Independent UK

ECB's interest rate rise could help 'contain' house prices and inflation, says Leo Varadkar

The Tanaiste said that while the rise will not be welcomed by mortgage holders or borrowers, it will help bring down inflation and could bring down house prices

Irish Mirror

US economy returned to growth last quarter, expanding 2.6%

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.

Chicago Sun-Times

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Tribune News Service

US economy rebounds amid resilient consumers, businesses

The U.S. economy grew at a solid pace in the third quarter, marking the first advance this year as consumers proved resilient in the face of widespread inflation and the Federal Reserve’s rapid interest-rate hikes.

France 24

Brazil's universities hit by massive budget cuts under Bolsonaro

There are just a few days to go until the second round of the presidential run-off in Brazil. Both incumbent Jair Bolsonaro and his left-wing rival Lula da Silva are leaving no stone unturned in trying to convince voters that they've got what it takes to lead the country going…

The Times of India

RBI to hold special MPC meet on November 3 on preparing inflation report

MUMBAI: The Reserve Bank has called a special meeting of the Monetary Policy Committee (MPC) on November 3 to prepare a report on its failure to keep retail inflation below 6 per cent for three consecutive quarters.

The Guardian - UK

Magnum and Marmite owner Unilever warns of even more price rises

Group reports 10% growth in sales revenue driven by highest price rises in its history

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news in one place.

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Axios

European Central Bank delivers another supersized interest rate increase as it battles inflation

The move risks further crushing the euro-area economy, which is already feared to be on the brink of a recession.

ABC News

Finance Minister Katy Gallagher and federal budget criticised for ignoring youth and cost of living on Q+A

The government is criticised for not doing enough to ease cost-of-living pressures for Australia's most vulnerable and youth as the impact of rising inflation bites.

Evening Standard

ECB lift its interest rates by 0.75% in the battle to curb inflation

The move makes it even more likely that the Bank of England will follow suit next week

The Conversation

Grattan on Friday: Cost of living goes from a winner for Albanese in May to a weapon for Dutton in October

An opposition leader has a tricky task when delivering a first budget reply after an election rout. But circumstances played into the hands of Peter Dutton for his big parliamentary occasion on Thursday night.

The National (Scotland)

FM lists four things Rishi Sunak must do in first letter to PM – read it in full

IT would be “folly” to reimpose austerity on the UK – and Scotland public services could not “withstand it”, Nicola Sturgeon has told…

The Independent UK

Inflation, gas prices looming over sports biz, concessions

Persistently high inflation and gas prices are looming over sports and the monetary pipeline that resumed when fans returned to games amid the pandemic

Tribune News Service

A look at 8 House races in New York that could determine control of Congress

NEW YORK — New York is widely viewed as one of the nation’s most deeply Democratic states.

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People

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