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The Latest Breaking News from Inflation

Inflation is crushing Americans’ savings — here are 6 tips to protect your money

Building up a stable cushion of cash you can rely on in emergencies seems daunting even in normal economic times. Add the steepest loss of Americans’ purchasing power in more than 40 years into the mix, and the task can seem next to impossible.

Tribune News Service

Time to fix city's trash

The Bangkok Metropolitan Council on Sept 14 made the right decision to shelve a plan to increase garbage collection fees from 20 baht to 80 baht a month for each city household. Given rising inflation and the high cost of living faced by the public, it's just not the right…

Bangkok Post

3 "Strong Buy" Stocks to Scoop up This Week

High inflation and surging interest rates have heightened fears of a global recession. Amid this uncertain macroeconomic environment, it could be wise to scoop up fundamentally strong stocks Bristol-Myers Squibb (BMY), Centene (CNC), and Ryerson Holding (RYI) for solid long-term returns. These stocks have a Strong Buy rating in our…

StockNews.com

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An inflation primer: No painless escape route is apparent

Hard times make for bad thinking.

Newsroom.co.nz

Boston Fed's Collins says 'higher unemployment' needed

Susan Collins, the new president of the Federal Reserve Bank of Boston, said says that a higher unemployment rate will be needed to bring down inflation from unusually high levels, but suggested any economic downturn would likely be modest

The Independent UK

Is Ford Stock a Buy Despite Its Profit Warning?

Leading automaker Ford (F) has delivered solid second-quarter financials, driven by high demand for electric vehicles (EVs). However, the company recently revealed that it continues to navigate supply chain disruptions and other economic headwinds. It expects to incur inflation-related supplier costs of about $1 billion in the third quarter, affecting…

StockNews.com

Tumbling pound will intensify cost of living crisis, government warned

Fall in pound will ‘worsen inflation and lengthen the cost of living crisis’, says think tank

The Independent UK

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OECD: War in Ukraine to drag on global economy into 2023

The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year

The Independent UK

Food inflation sends the American Diner Index soaring 13%

The cost of preparing a classic lunch at an American diner has shot up by almost 13% in a year.

Tribune News Service

Go-fast Kwasi is taking a leap of faith even Indiana Jones would shrink from

Afficionados of Indiana Jones will know exactly which sequence provides the perfect accompaniment to Kwasi Kwarteng’s Growth Plan announced last Friday. Towards the end of Indiana Jones and the Last Crusade, when Jones has to cross an unbridgeable crevasse he does so by stepping out with a leap of faith…

Evening Standard

How to get free milk delivered to your door as it becomes more expensive than petrol

The cost of milk has been soaring in line with general rising inflation

Wales Online

Public services braced for huge cuts as Liz Truss abandons spending review

Budgets were set when prices were expected to rise by just 4 per cent – but inflation is now 10 per cent

The Independent UK

Australia not safe from economic downturn

The troubles facing the global economy are far from over and Australia is unlikely to get away unscathed, an OECD report says.

AAP

Protests in Tunisia’s capital amid inflation, food shortages

Hundreds of demonstrators took to the streets of Tunis in unrest compounded by an ongoing political crisis.

Al Jazeera

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Al Jazeera

Tax-cut plan pulls British pound to 40-year low against US dollar

The pound trades against the dollar at levels last seen in the early 1980s as the UK struggles to fight inflation.

Bangkok Post

Bank of Thailand to go for another modest 25 bps hike on Wednesday

BENGALURU: The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even as many of its peers opt for larger increases to fight high inflation, a Reuters poll showed on Monday.

Asharq Al-Awsat

Netflix and Disney Poised to Shake Up TV Ad World

With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels as the streaming services look toward continued expansion. After having long-shunned the notion of advertising on its platform, Netflix this year accelerated work on just such an offering as…

The Independent UK

Biden's mixed record forces some Dems into odd balancing act

Some Democrats facing tough midterm races are praising many of the Biden administration's top policy achievements even while distancing themselves from the president himself

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The Independent UK

Asian shares mostly decline echoing US slide on rate worries

Asian shares are mostly lower, reflecting pessimism over weakness on Wall Street as the squeeze by central banks around the world to curb inflation weighs on investor sentiment

360info

India’s social safety net offers lessons as food prices rocket up

India’s inflation problem is making hunger worse and attempts to fix inflation may just add to poverty.

Tribune News Service

Fed’s Bostic says US could have a ‘relatively orderly’ slowdown

Federal Reserve Bank of Atlanta President Raphael Bostic said the strong U.S. job market suggests the economy could slow down in “a relatively orderly way” as the central bank bears down on inflation by raising interest rates.

Reuters

In Moldova, thousands in new call for government's resignation

Several thousand people protested in Moldova's capital on Sunday for the second straight weekend to demand the resignation of the country's pro-Western government amid mounting anger over spiralling natural gas prices and inflation.

The Guardian - US

Corporate greed, not wages, is behind inflation. It’s time for price controls

Corporations are using rising costs as an excuse to increase their prices even higher, resulting in record profits. We need limited price controls to break this cycle

WEKU

Stocks and bonds both get clobbered this time. Here's what's behind the double whammy

Stocks are down more than 20% this year. Usually when that happens bonds hold their value. But right now both are down sharply, hurting retirees and people saving for college in 529 plans.

Bangkok Post

'You cannot survive': Inflation bites as election looms

Sheltering from rain near Bangkok's Grand Palace, scores of unemployed Thais queue alongside homeless people waiting for free meals as 14-year-high inflation sends living costs soaring -- causing a headache for the government ahead of a looming general election.

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