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The Latest Breaking News from Inflation

Silly to compare Sri Lanka's economic situation with India: Arvind Panagariya

NEW DELHI: Former NITI Aayog Vice-Chairman Arvind Panagariya on Sunday said it would be 'silly' to compare the economic situation of Sri Lanka with India, though lessons can be learnt from the crisis in the island nation.

The Times of India

Inflation forces WA to up worker pay offer

The Western Australian government has upped its pay offer for 150,000 public sector workers after facing union-led pressure over rampant inflation.

AAP

Pay rise for West Australian public sector workers in a bid to offset rising inflation, cost-of-living pressures

Public sector workers — including teachers, doctors and nurses — will be given a 3 per cent pay increase, up from 2.75 per cent, as well as a one-off $2,500 payment.

ABC News

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Fed Pause: It Was Always Just a Matter of Time

In just one day, the Fed has drawn even closer to being finished with rate hikes - or so they hope. In fact, the market seems to believe the Fed will take a pause soon, perhaps starting the beginning of 2023. Inflation is still raging like an out of control…

Benzinga

Truss ‘fighting for every vote’ as her leadership bid gains momentum

The Foreign Secretary’s lead over Rishi Sunak was boosted by the endorsement of Tom Tugendhat.

The Independent UK

'You only have to look at energy prices to see what causes the cost of living to rise'

Shell have reported record profits of £10billion for a three-month period. This is a 10% increase on the previous three months, which means their profits are going up 40% a year

Daily Mirror

Cost of living crisis 2022: 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 Independent UK

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Dems seem headed, finally, toward triumph on climate, health

It’s been more than a year in the making and has seen plenty of ups and downs

The Independent UK

Rishi Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

Rishi Sunak said rival Liz Truss’s plans for vast tax cuts would “put fuel on the fire” of the inflation problem and create a “sugar rush boom”.Veteran political journalist Andrew Neil challenged the Tory leadership hopeful over his plans to tighten fiscal policy in a time when “the global economy…

Evening Standard

Britain's trains disrupted in second widespread rail strike in a week

Around 5,000 train drivers across almost a quarter of Britain's rail network went on strike on Saturday, as part of a campaign for higher pay after the country's inflation rate hit its highest in 40 years.

Reuters

Liz Truss and Rishi Sunak target rural Tory voters in make-or-break weekend

The former chancellor is seeking to revive his faltering bid for No 10 after Tom Tugendhat endorsed the Foreign Secretary.

The Independent UK

How strong is the US economy? Depends on which party you ask

Analysis: In spite of high employment and robust hiring, many Americans are pessimistic about the economy

The Guardian - US

Govt won't 'write cheques' for living cost

Labor assistant treasurer Stephen Jones says Australians should expect a 'rocky' 12 months as inflation bites.

AAP

Drivers’ strike set to cause severe disruption to rail services

Industrial action will affect sports events around the country, including the Commonwealth Games in Birmingham and many English football league matches

Wales Online

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Daily Mirror

Travel warning: Rail strike today as passengers head to football and Commonwealth Games

Train drivers are going out on strike today which is set to cause havoc for passengers trying to head to football matches around the country and the Commonwealth Games in Birmingham

The Independent UK

Sunak suffers new blow as Truss gains Tugendhat’s endorsement

The former chancellor faces an uphill battle in the race for No 10.

StockNews.com

Which Retail Stock Is a Better Buy Amid Rising Costs?

High inflation and economic slowdown are raising concerns over consumer spending. However, the need for general merchandise should allow consumers to rush to discount stores that offer products at lower prices. Therefore, discount retailers Dollar Tree (DLTR) and Dollar General (DG) should stay afloat. But which of these stocks is…

Bangkok Post

Healthy earnings, less aggressive Fed lift shares

Recap: European and US stocks advanced yesterday amid positive corporate earnings reports and the prospect of less aggressive rate hikes from the US Federal Reserve. Hong Kong and Chinese markets pulled back as tech stocks corrected and the Chinese government signalled limited new stimulus ahead.

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The Independent UK

Sunak says Truss’s tax-cutting plans will create ‘sugar rush boom’

The Tory leadership hopeful denied his plans to tighten fiscal policy would lead to a recession in a crunch interview with Andrew Neil.

Evening Standard

Rishi Sunak says Liz Truss’s plans for £30billion of tax cuts will ‘put fuel on the fire’ of inflation and ‘erode people’s living standards’

The former chancellor warned that Ms Truss’ economic plan would spark interest rate rises and ‘erode people’s living standards’

Benzinga

S&P 500 Completes Best Month Since 2020, Shrugging Off Fed Rate Hike

The SPDR S&P 500 ETF Trust (NYSE: SPY) completed its best month since 2020 in July despite another aggressive Federal Reserve interest rate hike and ongoing inflation concerns.

The Guardian - AU

Jim Chalmers is a storyteller, but will Australians want to listen to a grim economic forecast?

With inflation yet to peak, the treasurer and the new government are taking out political insurance against bad news

Al Jazeera

Top economic takeaways as US wrangles with recession fears

Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week.

The Canberra Times

What is money and where does it come from?

The money supply is not necessarily the culprit when it comes to things like inflation.

Benzinga

Dow Jumps Over 300 Points; Procter & Gamble Earnings Miss Estimates

U.S. stocks traded higher toward the end of trading, after recording gains in the previous session.

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