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The Latest Breaking News from Inflation

Slightly more Americans seek jobless aid last week

The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades

The Independent UK

Oil Slips on Fears Recession May Hit Demand

Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude was down $1.92, or 1.8%, to $105.59 a barrel at 1202 GMT.

Asharq Al-Awsat

US producer prices surge 11% in April on higher food costs

U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead

The Independent UK

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Grattan on Friday: It's Albanese's to lose, as Morrison looks for some momentum

The Liberals have used John Howard extensively during this campaign. These days, they celebrate their party hero as the great winner. He was, however, the last Liberal prime minister to take his party into the wilderness.

The Conversation

Retail inflation jumps to 8-year high of 7.79% in April

NEW DELHI: Retail inflation based on consumer price index (CPI) jumped to 8-year high of 7.79 per cent in April, data released by government showed on Thursday.

The Times of India

'Meme' and tech stocks are crashing, so how are experienced investors hanging on?

t's a perfect storm for the stock market this year: geopolitical turmoil, high inflation, and higher interest rates in 2022.

The Philadelphia Inquirer

Is inflation leading to smaller toilet paper rolls or less toothpaste in the tube?

A mega roll of Cottonelle toilet paper used to contain 340 sheets. Now, it’s 312.

Tribune News Service

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Head to Head: Cheryl Kernot and Christopher Pyne break down week five of the campaign

Every week until election day, we'll be asking them to analyse current events and offer insights into life on the campaign trail.

The New Daily

Market Wrap: Battered Bitcoin, high inflation and melting gold prices dominated markets this week

Another tough week for the ASX200, falling over 3 per cent, as May lived up to its reputation as a volatile one for local markets.

The New Daily

A socialist, a billionaire, a podiatrist: Alex Padilla’s Senate challengers in California

WASHINGTON — What do a socialist, a billionaire and a podiatrist have in common?

McClatchy Washington Bureau

What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

Evening Standard

'Incompetent' PM and Chancellor blamed as UK heads for recession

BORIS Johnson’s “catalogue of failure” is inflicting poverty on millions of people, the Scottish Greens have warned as the UK was forecast…

The National (Scotland)

Sensex crashes 1,158 points; Nifty ends at 15,808: Top reasons behind today's fall

NEW DELHI: Equity indices plunged for the 5th straight session on Thursday with the benchmark BSE sensex crashing over 1,000 points amid weak cues from global markets.

The Times of India

State Pension petition calling for £380 weekly payments for every older person nears 50,000 signatures

At 100,000 signatures the petition will be considered for debate in Parliament.

Daily Record

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The Guardian - UK

A UK recession seems certain – the question is how deep will it be

Analysis: Rising prices, a tight labour market and a falling pound – the economy ticks every warning box

Glasgow Live

Ofgem boss warns Scottish households of new energy bill rise this year

Speaking in Glasgow, the chief executive of energy regulator Ofgem warned households that they should prepare for another surge in energy bills later this year as a result of the war in Ukraine

Axios

Airfare inflation is the new used car inflation

Like used cars last year, this has a big impact on overall inflation.

Evening Standard

Susie Lau on the Met gala and life’s truly gilded moments

As the gilded glamour of the Met Gala battled with weighty world issues for her attention, Susie Lau’s thoughts turned to where the true gold in life lies

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Benzinga

Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years

Apple, Inc. (NASDAQ: AAPL)'s iPhone assembler Hon Hai Precision Industry Co., Ltd.

Al Jazeera

Nuclear talks: Iran’s Raisi launches major economic reform

President announced reforms a day before the EU’s coordinator for nuclear deal negotiations arrived in Tehran.

Bangkok Post

Bank of Thailand 'closely monitoring' weakest baht in 5 years

The Bank of Thailand (BoT) on Thursday said the movement of the baht has had limited impact on inflation and the economy, after the currency reached its weakest rate against the US dollar for five years on Thursday.

The Independent UK

Baby formula shortage leaves parents scrambling nationwide

A combination of product recalls, rising prices and supply chain issues have particularly affected the availability of formula

Wales Online

New figures show how much wealth - and happiness - UK has lost since pandemic

72% of us expect to be worse off as a result of inflation

Daily Record

UK recession fears grow as rising inflation set to leave more Scots struggling

Tory ministers are under mounting to pressure to get to grips with the cost of living crisis amid predictions the UK economy is heading for recession.

Insider UK

Scottish job growth eases to four-month low in April

Steeper drop in candidate supply reported, as demand for staff strengthens, while starting pay continues to increase rapidly

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