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The Latest Breaking News from Inflation

A Peek Into The Markets: US Stock Futures Down; Apple Tops Q2 Views

Pre-open movers

Benzinga

Inflation hits record high of 7.5% in countries using euro

Inflation has hit a new record for the 19 countries that use the euro

The Independent UK

Four in 10 Britons buy less food due to cost of living

The latest figures revealed that 91% of British adults reported that their cost of living has increased.

The Independent UK

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The U.S. economy's bad vibes era is about to meet reality

One of the most persistent storylines of the past few months may be about to enter a new chapter.

Axios

Editorial: Like pet rocks and bell bottoms,1970s bad economic news is back to haunt Biden

U.S. gross domestic product shrank 1.4% in the first quarter at the same time inflation continued to soar. For older Americans, that combination conjures memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The entire economic mess got dumped…

St. Louis Post-Dispatch

UK house price growth slows as cost of living crisis starts to hit market

Average price of property in April rises to £267,620, the ninth straight month of growth, says Nationwide

The Guardian - UK

SIG plc expects to deliver full year results well ahead of expectations

The construction products supplier said it had started the year with strong momentum in sales

Birmingham Post

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Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

NatWest increases profits despite 'challenging environment'

Chairman apologies for money laundering failures and warns on inflation at AGM

Insider UK

Asian shares jump as Chinese leaders pledge help for economy

Stocks have advanced after Chinese leaders pledged to step up efforts to support the economy

The Independent UK

Inflation bites hardest in developing world as Ukraine war raises prices

Poorer countries – hampered by Covid debt and aid cuts – are facing hunger and unrest as conflict pushes up the cost of staples

The Guardian - UK

Yesterdaze: The lesser of two worse options

'State-sponsored cruelty' or the 'least worst option'? Not a great week for the Government as the MIQ lottery system is found to be unjustified in a hefty High Court decision.

Newsroom.co.nz

Clive Palmer's promise to cap mortgage rates at 3% would make it much harder to get a home loan

Clive Palmer’s United Australia Party continues to make waves in the federal election campaign, most recently with advertisements on massive billboards pledging a “maximum 3% interest rate on all home loans for five years”. But does this promise stack up?

The Conversation

Inflation spike may tilt odds in favour of early rate hikes

Retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the Bank of Thailand (BoT) to pivot away from its pandemic-era monetary policy accommodation.

Bangkok Post

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ABC News

Mars helicopter beams back pictures of Perseverance landing gear en route to Jezero Crater

Taking a brief detour from its route to a crater that scientists hope is teeming with evidence of ancient life, the Mars helicopter snaps unprecedented pictures of its landing gear after its fiery descent.

Reuters

At S.Korea's fried chicken diners, palm oil squeeze feeds inflation fears

Mr Lee's diner, a cheap-and-cheerful fried chicken shop near central Seoul, has held firm against raising prices for a decade and a half.

Al Jazeera

Musk and Twitter, inflation woes, and a palm oil crisis

We gather the numbers from the week’s biggest economic and business news stories so you can impress your friends.

Axios

Biden admin split over Trump-era China tariffs as inflation looms

Biden officials are fiercely debating whether to lower some of former President Trump’s China tariffs.

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Tribune News Service

Amazon falls, projects slower growth as online sales stall

Amazon.com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

The Independent UK

Business confidence up in Scotland despite rising inflation and costs

The Bank of Scotland monthly business barometer has risen 11 points in April to 28%.

The Independent UK

Why are obsessed with parallel universes?

With the release of ‘Everything, Everywhere All at Once’, a kung-fu film set across many universes, Dennis Overbye looks at why the multiverse is such an enduring sci-fi trope

The Conversation

Yes, US economy may be slowing, but don't forget it's coming off the hottest year since 1984 – here's who benefited in 4 charts

The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks…

The Guardian - UK

Morning mail: Labor message on Morrison resonates with voters, Kyiv hit by strikes amid UN visit, best food photography

Friday: A new poll shows which party’s slogans are cutting through to the public, with Labor coming out on top. Plus: Get set for more wet weather

Newcastle Herald

Labor says inflation figures show need for childcare policy

Labor says its childcare policy will ease costs for almost 30,000 Hunter families after inflation figures this week showed a 4.2 per cent annual price rise in the sector.

The National (Scotland)

Confidence in Scottish business rose 11 points in April

BUSINESS confidence in Scotland has risen 11 points in April to 28, despite increasing inflation and costs, according to a new report.

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