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The Latest Breaking News from Inflation

NHS hospitals to spend millions on crippling energy costs this winter

Trusts will have to make up inflation gap by cutting staff – leading to longer waiting times, warns NHS Confederation

The Independent UK

Biggest squeeze in living standards for a century as millions more face absolute poverty, think tank warns

Inflation to put three million more in poverty, warns Resolution Foundation

The Independent UK

A generation of Britons face long-term illness from being cold and poor this winter

When two-thirds of the population face fuel poverty, it is clear that we’ll need more than just quick fixes to this crisis, says professor of epidemiology Michael Marmot

The Guardian - UK

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3 million face absolute poverty as 75% think Liz Truss has no plan to end suffering

The warning comes as an exclusive Mirror poll shows voters don't believe Liz Truss has a plan to ease families' suffering

Daily Mirror

Think tank: millions more face absolute poverty amid terrifying fall in income

More than three million are expected to fall into absolute poverty in ‘worst two-year change on record’.

The Independent UK

Hospitals to face crippling fuel costs – report

A new study has estimated that each hospital may need to pay £2 million extra a month over winter.

The Independent UK

Want A Better Bang For Your Buck? Here Are 3 Dividend Stocks In The Discount Retail Sector

As high inflation forces the average consumer to prioritize necessities over wants, many shoppers are cutting back on discretionary spending. This can be attributed to the decrease in purchasing power due to higher consumer staples and energy bills, although people are purchasing fewer goods.

Benzinga

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Bualuang upbeat on Q4 SET Index rally

Bualuang Securities (BLS) is bullish about prospects for the Thai stock market in the fourth quarter, saying tourism-related businesses would play a key role in driving economic growth and the SET Index could reach 1,705 points by the year-end.

Bangkok Post

ASX drops sharply, BHP dives on ex-dividend and Wall Street suffers worst August since 2015

Australian shares have fallen sharply to touch their lowest level in five weeks, while mining stocks have declined and major banks have tracked a sell-off on Wall Street.

ABC News

Commentary: Biden’s climate bill isn’t enough for people of color

As the recently signed Inflation Reduction Act makes waves for its positive impacts on human health and the climate, the bill’s supporters shouldn’t forget the communities living in the throes of environmental violence that won’t have justice through the act alone.

Tribune News Service

Buy These 2 Diversified REITs Before They Boom

Amid heightened market uncertainty, Real Estate Investment Trusts (REITs) have been gaining investors’ attention because of their resilience. They are considered safe investments in uncertain times, as they need to pay at least 90% of their taxable income as dividends. Also, REITs provide natural protection against inflation. Thus, it could…

StockNews.com

Internet Shutdowns Hit Cash-Strapped Lebanon Due to Strike

Internet shutdowns rippled through cash-strapped Lebanon on Tuesday after employees of the country's state-owned telecom company went on strike, demanding higher wages. It was the latest reflection of one of the world's worst economic disasters, which has pulled three quarters of Lebanon's 6 million people into poverty. The Lebanese pound…

Asharq Al-Awsat

What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

The Independent UK

India's Q1 GDP grows at fastest pace in a year: Key takeaways

NEW DELHI: India's gross domestic product for the period April-June 2022 came in at 13.5%, data released by Centre showed on Wednesday.

The Times of India

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The Independent UK

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Guardian - UK

Borrowing costs on UK’s debts hit by biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%

Tribune News Service

US companies added 132,000 jobs in august, new ADP data show

U.S. companies increased headcount at a relatively sluggish pace in August, according to a revamped private report that suggests hiring is downshifting in an economy buffeted by high inflation and rising interest rates.

The Conversation

Making EVs without China's supply chain is hard, but not impossible – 3 supply chain experts outline a strategy

Two electrifying moves in recent weeks have the potential to ignite electric vehicle demand in the United States. First, Congress passed the Inflation Reduction Act, expanding federal tax rebates for EV purchases. Then California approved rules to ban the sale of new gasoline-powered cars by 2035.

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The Times of India

India's GDP grows at 13.5% in Q1 of FY23

NEW DELHI: The gross domestic product (GDP) for first quarter ended June 30 came in at 13.5%, data released by the government showed on Wednesday.

Evening Standard

Pressure mounts on ECB for a more aggressive rate hike as inflation hits record 9.1%

Rate-setting meeting is due next week for the shared currency area

Daily Mirror

Millions of tenants could save £300 under plan to cap rent - but not everyone will benefit

The Goverment has unveiled plans to limit how much social tenants pay in rent, but rent campaigners say the scheme leaves private renters open to massive increases in their housing bills

Liverpool Echo

Labour leader Keir Starmer claims even people on £50k will struggle with energy bills

Sir Keir claimed his plans for universal help would help bring inflation down

The Independent UK

States tapping historic surpluses for tax cuts and rebates

State governments flush with money are returning billions of dollars to their residents

Daily Mirror

Ten money changes coming in September including £326 cost of living payment

We’ve rounded up ten financial updates to expect in September, as Brits prepare for a tough winter with the energy price cap confirmed to rise to £3,549 in October

The Independent UK

Inflation hits 9.1% in countries using euro currency

Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine

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