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The Latest Breaking News from Paul Donovan

‘Greedflation’ takes a turn: Republicans’ hatred of Joe Biden’s economy makes them easy prey for ‘profit-led inflation episodes,’ UBS chief economist says

Look closely at the Michigan consumer sentiment data, Paul Donovan says: “The detail is hilarious…The two groups appear to be living on different planets.” It was flipped under Trump.

Fortune

Corporate greed, inflation and hunger

"Big Food's staggering increase in earnings shows they did not need to raise prices so high on consumers . . . "

Salon

Beef Australia grapples with accommodation shortage with record visitors expected in 2024

More than 120,000 people are forecast to attend the week-long Beef Australia event next year. But organisers are so desperate for accommodation they're considering chartering flights and urging locals to put their homes up for short-term rent.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

It’s not pay claims that are driving up prices in Britain. It’s profits

Whatever the chancellor and the Bank may suggest, wage settlements are still running behind the rate of inflation

The Guardian - UK

Bank of England poised to raise borrowing costs to combat inflation

Financial markets expect 0.5 percentage point increase as fears mount that UK is about to enter long recession

The Guardian - UK

ASX closes up, Euro stocks rise on hopes of smaller US rate hikes, Binance in $US1 billion crypto bailout

Australian shares close higher as European stocks rise on hopes of smaller interest rate rises from the US. Meanwhile, Binance announces a $US1 billion crypto bailout.

ABC News

Tory party likened to 'doomsday cult' amid economic chaos and pound collapse

One economist gave a scathing assessment of the Tory party's fiscal plans

The National (Scotland)

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