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The Latest Breaking News from Inflation

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

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 Independent UK

GCSE grades fall from Covid record high in crackdown on grade inflation

Both pass rate and percentage of top grade drops

The Independent UK

Covid disruption must still be taken into account in 2023 GCSEs, say schools

Calls for mitigation measures to remain come on day 2022 grades show downturn in line with official policy

The Guardian - UK

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India economic indicators gave mixed signals on recovery in July

NEW DELHI: India’s business and consumption activity showed conflicting signs of recovery in July as elevated inflation, rising borrowing costs and fears of a global slowdown weighed on Asia’s third-largest economy.

The Times of India

Asian Markets Rise with Eyes on China, Fed Speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes. Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve…

Asharq Al-Awsat

Asian stocks gain as global markets await Fed chair speech

Asian shares are trading higher as global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week

The Independent UK

Inflation hits Dubai's karak tea, a beloved national staple

Karak is informally the national drink of the United Arab Emirates, long priced at just 1 dirham, a bit less than 30 U.S. cents

The Independent UK

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Inflation's harsh realities on display as Fed officials meet

A half-hour drive or so from the resort where the high priests of international finance have convened in Jackson Hole, Wyoming, to discuss the world’s economic challenges, a food bank distributes meals from a commercial garage

The Independent UK

Rishi Sunak compares himself to Thatcher in attack on Liz Truss's tax cut plan

RISHI Sunak said he would not make promises he could not keep when it came to the cost of living crisis, as

The National (Scotland)

What is ‘multi-employer bargaining’? Could it help lift wages growth in Australia?

With workers’ pay rates stagnant for a decade and inflation eating into spending power, here’s what unions are proposing

The Guardian - AU

Woolworths hopes for return to normalcy

Woolworths says supply chain disruptions, shortages, absenteeism and flooding led to financial performance that was below the supermarket giant's aspirations.

AAP

Why the IRA Does Not "Grant" the EPA "Broad Authority to Shift America Away from Burning Fossil Fuels"

A New York Times story creates a false impression about the effects of the Inflation Reduction Act's Climate Provisions

Reason

Student loan forgiveness – experts on banking, public spending and education policy look at the impact of Biden's plan

President Joe Biden announced a program to provide student debt relief to millions of borrowers of federal loans. The plan would offer up to US$10,000 in forgiveness for people who earn less than $125,000 – $250,000 for couples – and up to $20,000 for Pell Grant recipients. Biden also extended…

The Conversation

3 Stocks Upgraded to "Top Buys" This Week

The stock market experienced a sharp rebound since July, fueled by renewed investor optimism on several positive factors, including a slight decline in inflation. However, with inflation still hovering around 40-year highs and the possibility of the Fed maintaining its hawkish stance, the market is expected to remain under pressure.…

StockNews.com

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The Conversation

What can unions and the Albanese government offer each other at the jobs summit?

This article is part of The Conversation’s series looking at Labor’s jobs summit. Read the other articles in the series here.

Chicago Sun-Times

In climate jobs era, here’s what Inflation Reduction Act means for Illinois workers

This new climate jobs stimulus will tip the scales and help us tackle the climate crisis while beginning to reverse 40 years of wage stagnation and widening racial inequality.

Los Angeles Times

Biden will cancel $10,000 of student debt for many borrowers

WASHINGTON — President Joe Biden announced Wednesday that he is canceling $10,000 in student debt for individuals earning less than $125,000 annually and extending a pause on loan repayments for all borrowers through the end of the year.

Evening Standard

Mass redundancies could hit smaller UK businesses, employment expert warns

Employment law firm citation has reported a huge rise in enquiries from SMEs about laying off staff

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The Independent UK

Rishi Sunak hits out at Liz Truss over ‘complacent’ economic policies

The former chancellor vowed to prioritise the battle against inflation while his rival advocates tax cuts.

Reason

Biden's Student Debt Relief Plan Will Worsen Inflation

"Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman

StockNews.com

5 Discounted Mega-Cap Stocks Under $20

The stock market has experienced wild swings this year amid increased interest rates, ongoing geopolitical conflict, and sky-high inflation. Although a slight decline in inflation last month and strong corporate earnings have improved investors’ sentiments, market volatility is expected to persist. Thus, we think investing in under $20 mega-cap stocks…

The Guardian - AU

Large firms are consolidating power like Scott Morrison consolidates jobs – and it’s hurting productivity

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis

Reuters

South Africa's COSATU leads union protests over high cost of living

Hundreds of South Africans protested in Pretoria and Cape Town on Wednesday against inflation that has soared to a 13-year high, in an action led by trade union group COSATU, a long-time ally of the ruling African National Congress.

The Independent UK

South African workers march in capital against inflation

South African workers have demonstrated against the country’s rising cost of living including record-high fuel prices and increased costs for basic foods

Edinburgh Live

Calls for Government to raise minimum wage to £15 per hour 'as soon as possible'

The Trades Union Congress (TUC) is calling for the the minimum wage to increase to £15 as regular pay has only increased 4.7 per cent while the rate of inflation hit 10.1 per cent.

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