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The Latest Breaking News from Inflation

Voters want government to get inflation under control before cutting tax, poll reveals

Results cast unfavourable shadow over plans of leadership contest frontrunner Liz Truss

The Independent UK

First Thing: Senate passes $739bn healthcare and climate bill

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory. Plus, meet Casper the ghostly octopus

The Guardian - UK

Sunak says Truss’s cost of living plan is ‘big bung’ to wealthy and large firms

Favouring tax cuts above support payments will leave those most in need out in cold, says ex-chancellor

The Guardian - UK

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Democrats celebrate after sweeping US climate change bill passes Senate

If signed into law, the bill will allocate $369bn to schemes tackling climate change

Evening Standard

Senate delivers a major boost to Biden's agenda

In a statement after the Senate passed the roughly $700 billion bill, the president said "doing the important thing almost always" requires compromises.

WEKU

Poll: Black, Native American and Latino families face serious problems from inflation

Those households are struggling to stay afloat, according to a new poll from NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health.

WEKU

Disneyland has been raising food prices. Blame inflation

ANAHEIM, Calif. — Even within the walls of the Happiest Place on Earth, there's no escaping inflation.

Los Angeles Times

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Sunak and Truss in new clash over cost-of-living crisis

Former chancellor said his rival’s plans for tax cuts are a ‘big bung’ for large businesses and the better off.

The Independent UK

Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

Asharq Al-Awsat

COUNTERPOINT: Manchin disappoints with Inflation Reduction Act

Throughout Joe Biden’s presidency, Sen. Joe Manchin, D-W.Va., has acted as a check on his party’s worst excesses. Manchin has stopped billions, possibly trillions, in unaffordable government spending. He trimmed bills into a reasonable state and was the key voice bringing the Biden infrastructure bill from $715 billion down to…

Tribune News Service

Commentary: The new climate bill’s ripple effect on oceans

The Inflation Reduction Act (IRA), announced in late July by Sens. Chuck Schumer, D-N.Y., and Joe Manchin, D-W.Va., includes $369 billion in tax incentives to boost wind, solar and other clean energy. Although a step in the right direction, the bill will not by itself be enough to keep global…

Tribune News Service

The US climate bill could make now the best time to go solar

If signed into law as written, the climate bill before the U.S. Congress would change the calculus for American households thinking about going solar. The legislation stands to make that transition more affordable while also subsidizing purchases of electric cars, heat pumps, high-tech water heaters and battery-storage systems — clean-energy…

Tribune News Service

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

The Independent UK

Asian stocks mixed after US job gain paves way for rate hike

Asian stock markets are mixed after strong U.S. jobs data cleared the way for more interest rate hikes and China reported Monday that its exports rose by double digits

The Independent UK

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The Guardian - UK

Monday briefing: How to understand the huge numbers that rule our economy

In today’s newsletter: From GDP and government spending to inflation, it can be hard to get around the big figures you see in the headlines and what they really mean. So here’s a guide

The Independent UK

Winners and losers after Democrats pass their massive climate and healthcare legislation

Chuck Schumer and Joe Biden get a much-needed victory and Joe Manchin takes a victory lap while Bernie Sanders and Kyrsten Sinema get left in the dust

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

The Independent UK

Asian stocks mixed after US job gain paves way for rate hike

Asian stock markets are mixed after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits

Get all your
news in one place.

100's of premium titles.
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Tribune News Service

Commentary: The fatal flaw in your retirement plan’s target date funds

There was a major development in 2006 that transformed how Americans invest for retirement. It solved one problem, but created another that will be causing extra pain to people who retire in this economy.

The Times of India

Maharashtra: Liquor companies seek hike in prices of IMFL & wines

MUMBAI: The liquor industry, especially those selling Indian made foreign liquor (IMFL) and wines, have requested the state to allow them a hike in prices in the range of Rs 85 to Rs 125 per 750 ml bottle, depending on the respective segments and brands. This they claim is a…

Birmingham Post

NatWest survey shows East Midlands economy contracting

However job numbers up and rate of cost inflation said to have eased to ten-month low

Tribune News Service

Biden, Democrats look for midterm boost from breakthrough bill

President Joe Biden and his party finally scored the win they’ve been waiting for heading into the November congressional elections, but it’s uncertain it will be enough to save them from the nation’s sour mood over inflation.

The Guardian - UK

City workers get double-digit wage rises while lowest-paid see 1% increase

Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases

The Guardian - UK

Two-thirds of UK’s top restaurants in the red after Brexit, Covid and inflation

Meanwhile £700m of support funds in business rates relief remains unpaid by local councils

Birmingham Post

Yorkshire and Humber business activity falls to lowest level in 18 months

The NatWest Business Activity Index measures the output of the region’s manufacturing and service sectors

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