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The Latest Breaking News from Inflation

Aberdeen FC chair reveals rising cost of new stadium, blaming 'construction inflation'

The clubs proposed shoreline home ground is now set to cost £75m - up from its £45m estimate five years ago

Insider UK

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

Salon

Brawn wants solution for F1 budget cap inflation squeeze

Formula 1 managing director Ross Brawn says a solution is at hand for the squeeze on the championship's budget cap caused by inflation.

Autosport

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Food buying habits are evolving in the face of inflation

From cutting back to making substitutions, people are finding ways to cope with higher prices

Axios

Asda and Morrisons cut prices as supermarkets fight for customers

Big chains try to preserve market share amid rising inflation and competition from Aldi and Lidl

The Guardian - UK

Asda to cut prices of more than 100 items including tea bags and cheese

It comes as retailers reported a 3.3% increase in food inflation last month, which is expected to rise further.

Daily Record

Stocks tumble as China lockdowns rattle investors

Stocks and commodities tumbled as China’s worsening Covid outbreak compounded fears sparked by faster Federal Reserve tightening.

Bangkok Post

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Palm oil soars on Indonesia ban in risk to global food inflation

Palm oil rallied after top producer Indonesia said it will ban all exports of cooking oil, a surprise move that threatens to worsen global food inflation and aggravate volatility in crop markets still reeling from the war.

Bangkok Post

Cost of living crisis street art in Bristol park goes viral

"I am giving every household a candle for warm and light"

Bristol Post

Aberdeen to host second round of transatlantic trade talks with US

With progress stalled on a UK-US free trade deal, the Government has switched its focus to making agreements with individual states.

The Independent UK

Pitching a piece of the local EV market

As the global economy transitions to a low-carbon future, green investment in renewable energy and environmentally friendly businesses, including the fast-growing electric vehicle (EV) industry, has become a megatrend that serves to shape markets.

Bangkok Post

Warren warns Democrats risk losing power without inflation action

Democratic Sen. Elizabeth Warren says her party could be “in real trouble” in the 2022 midterm elections if more isn’t done to help American families deal with 40-year-high inflation.

Tribune News Service

Warning issued to shoppers buying chocolates and cereals like KitKats, Shreddies and Cheerios

People are noticing the cost of groceries increasing with the shoppers' wallets much lighter after the weekly food shop

Irish Mirror

Luxury goods market on a high, despite conflict, pandemic

Global luxury brands have posted strong results for the first quarter of this year despite global hardships including the conflict in Ukraine, inflation and Covid restrictions in Asia. This comes on the back of an exceptional year in 2021.

Radio France Internationale

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The Guardian - UK

World Bank and IMF gathering underscores a bleak global outlook

If Russia’s invasion of Ukraine is hurting developed countries, it’s proving a hammer blow for the poor

The Guardian - UK

Unpaid UK carers 4.5% worse off as cost of living erodes benefits value

Warnings of cost-of-caring crisis as state allowance is cut by £170 a year in real terms

Tribune News Service

Cooking-oil chaos exacerbates a looming world hunger crisis

The world's supply of cooking oil — already squeezed by war — is getting smaller.

The Guardian - UK

A divided France and a Germany unsure of its identity threaten Europe’s future

In a time of multiple crises and dangers, the EU needs urgently to recover a sense of common purpose

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The Guardian - UK

Joe Biden’s message drowned out by beat of the Republican culture-war drum

Democrats struggle to tell a good-news story raising fears of midterm losses in November

Reuters

Thousands of farmers stage anti-tax protest in Argentine capital

Thousands of Argentine farmers protested in Buenos Aires on Saturday against President Alberto Fernandez, whose policies to contain food prices to curb rampant inflation have been criticized by the agricultural sector.

Daily Mirror

'Boris Johnson's excuses are now so entertaining, we're at last getting value from him'

Boris Johnson's now telling lies at such a ferocious rate he should be studied by medical science. He’ll tell us the cake at the party wasn’t a cake, it was a report about the inflation rate, covered in icing and candles

Asharq Al-Awsat

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. While Russia can claim some symbolic victories, the full impact of Western sanctions is starting to be felt in very real ways. As the West moved to cut off…

Reuters

Argentina will not modify $45 billion debt with IMF -finance minister

Argentine economy minister Martin Guzman said late on Friday that a $45 billion debt deal with the International Monetary Fund will not be modified, following a meeting with IMF head Kristalina Georgieva.

The Hindu

Outline steps to stop price rise, Congress tells government

Opposition demands a white paper on economy as statistics show retail inflation close to 7%

The Guardian - UK

Busy restaurants belie a tale of tightening belts in cost-of-living crisis

Consumer spending, still partially buoyed by lockdown savings, is about to take a hit. But will it mean recession?

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