Global Inflation Concerns

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Theft rises in UK as inflation bites

In the UK, the chancellor has just announced a series of stringent economic measures including tax hikes as forecasters predict the biggest drop in British living standards since records began. As inflation soars, an increasing number of...

France 24

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UK announces austerity budget, admits recession

UK finance minister Jeremy Hunt has officially declared that his nation is in a recession. He expects the economy to shrink even further in the next fiscal year. The incumbent chancellor has laid out his plans for tackling rising inflati...

Al Jazeera

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Businesses go bust as Brussels debates gas price-cap

European energy ministers are debating an EU gas-price cap to help consumers. But for some businesses, such as bakeries, the action on bills is too little too late.

EuroNews

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UK unveils austerity budget despite recession

Britain on Thursday unveiled an austerity budget with £55 billion ($65 billion) of tax hikes and spending cuts despite confirming its economy was in recession. Finance minister Jeremy Hunt confirmed the painful measures were needed to br...

France 24

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Inflation shows signs of easing in the U.S.

Wholesale prices fell for the fourth month in a row, a sign that inflation is easing for Americans.

Fox News

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UK PM eyes massive spending cuts

The UK government is preparing to announce sweeping spending cuts and tax rises on Thursday to pay for a massive hole in the country’s finances. Education is in the firing line for cuts. But schools are already struggling with the rising...

Al Jazeera

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Amazon workers brace for mass job cuts

The e-commerce giant had already frozen hiring after taking on too many staff during the COVID pandemic. Around 1 per cent of its workforce will be affected.

EuroNews

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Eurozone to enter winter recession

Europe's economy has continued to cool with GDP in both the eurozone and the wider EU expanding only marginally in the third quarter.

EuroNews

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Amazon plans to sack 10,000 workers

Amazon.com Inc. plans to cut about 10,000 jobs, the largest ever headcount reduction at the e-commerce giant as it braces for slower growth and a possible recession. The layoffs are said to target the devices group, retail divisions and ...

Bloomberg

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Eurozone set for a recession this year

High prices are here to stay, with the European Union predicting inflation will remain high throughout 2023.

EuroNews

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Consumer Price Index beats expectations

Thursdays CPI report shows inflation fell to a better-than-expected 7.7% in October. But the White House is cautious to celebrate too much.

Scripps News

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NAB CEO sees "more pain" for households

National Australia Bank Chief Executive Officer Ross McEwan is expecting further interest rate increases next year as consumers face price rises on "everything they touch." McEwan says while there's currently no impact on loan arrears fr...

Bloomberg

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'I got it wrong': Meta's mass layoffs

Mark Zuckerberg says Meta will let go of 13 percent of its workforce - or more than 11,000 employees - in one of the biggest technology layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. “Today ...

EuroNews

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World Bank President on the development crisis

The World Bank is warning about the food shortages and inflation hitting the poorest, as Covid-19 spending and the energy crisis has created a crisis for the development world. At COP27 in Sharm El-Sheikh, the World Bank announced a clim...

Bloomberg

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UK Chancellor Sees Inheritance Tax Helping Fiscal Hole

Chancellor of the Exchequer Jeremy Hunt is looking at freezing the threshold at which inheritance tax starts to be paid to raise money to help fill a £35 billion ($40 billion) fiscal black hole when he announces the UK government's spend...

Bloomberg

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Global economy sees rapid downturn

From inflation to recession, an energy crisis and war, the world economy is showing signs of a rapid downshift. Haidi Stroud-Watts and Kathleen Hays from New York speaks to Bloomberg's Chief Asia Economics Correspondent, Enda Curran and ...

Bloomberg

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What's the most bullish midterm outcome for stocks?

During this week's MLIV Pulse survey, Bloomberg TV guests respond to the question: What's the most bullish midterm outcome for stocks?

Bloomberg

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Goldman Lowers S&P 500 Earnings Estimates Until 2024

Goldman Sachs Group Inc. says margins contraction in the third-quarter signals more pain ahead as it cut earnings estimates for the S&P 500 Index for each year until 2024.

Bloomberg

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Canada adds 108,000 jobs in October, unemployment steady

Canada's economy added 108,000 jobs in October, roughly 10 times what was expected. Still, an unexpectedly hot job market isn't enough to bring down the overall cost of living.

CBC Canada

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Anti-austerity demonstrations across London

Thousands of people have marched in central London to oppose what they say are austerity measures. United Kingdom Prime Minister Rishi Sunak is looking to fill a fiscal hole in public finances by cutting spending and raising taxes.

Al Jazeera

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Turkey: Extreme inflation hits record highs

Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.

EuroNews

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NDP's Singh addresses cost of living concerns for Canadians

NDP Leader Jagmeet Singh said 'the Liberal government is not responding to the needs of people,' ahead of the release of the Fall Economic Statement on Thursday.

CBC Canada

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Bank of England Raises Key Rate by 75 Basis Points to 3.0%

The Bank of England raised its official rate by 75 basis-points to 3.0% on Thursday, a move backed by seven of the nine-member Monetary Policy Committee.

Bloomberg

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Sri Lankans rally against government crackdown on protests

Thousands of Sri Lankans have protested against the government's use of terror laws against demonstrators and a crippling economic crisis. Police, politicians and business leaders warned against the demonstration - but organisers went a...

Al Jazeera

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U.S interest rates hit highest level in 15 years

"We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%", said Federal Reserve chariman Jerome Powell.

EuroNews

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U.S Federal Reserve hikes rates by 75 basis points

Federal Reserve Chairman Jerome Powell speaks about the decision by the Fed's policy-setting Federal Open Market Committee to raise its benchmark interest rate by three-quarters of a percentage point

Bloomberg

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Greece: Plan to cut prices of essential goods

Shoppers in Greece say they're not convinced over a government scheme to cut prices of essential goods. "I do not believe this measure will be any help. It is just a trick to fool the consumers”, said one customer.

EuroNews

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'Money isn't free anymore': Inflation hits Wall Street

David Westin looks at how higher interest rates are impacting the merger and acquisition space in the US on "Wall Street Week."

Bloomberg

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Interest rates hit nine-year high

The Reserve Bank has lifted interest rates by another quarter of a percentage point, the seventh rate rise in seven months. It is a move which had been widely expected though some economists thought it could have been twice that. It take...

ABC

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Why the Federal Reserve is on a marathon

If Jerome Powell were a track and field athlete, which event would he compete in? Quicktake's Scarlet Fu looks into why the Federal Reserve chairman seems to be running a never ending marathon, according to the latest MLIV Pulse survey.

Bloomberg

GLOBAL INFLATION CONCERNS

Theft rises in UK as inflation bites

UK announces austerity budget, admits recession

Businesses go bust as Brussels debates gas price-cap

UK unveils austerity budget despite recession

Inflation shows signs of easing in the U.S.

UK PM eyes massive spending cuts

Amazon workers brace for mass job cuts

Eurozone to enter winter recession

Amazon plans to sack 10,000 workers

Eurozone set for a recession this year

Consumer Price Index beats expectations

NAB CEO sees "more pain" for households

'I got it wrong': Meta's mass layoffs

World Bank President on the development crisis

UK Chancellor Sees Inheritance Tax Helping Fiscal Hole

Global economy sees rapid downturn

What's the most bullish midterm outcome for stocks?

Goldman Lowers S&P 500 Earnings Estimates Until 2024

Canada adds 108,000 jobs in October, unemployment steady

Anti-austerity demonstrations across London

Turkey: Extreme inflation hits record highs

NDP's Singh addresses cost of living concerns for Canadians

Bank of England Raises Key Rate by 75 Basis Points to 3.0%

Sri Lankans rally against government crackdown on protests

U.S interest rates hit highest level in 15 years

U.S Federal Reserve hikes rates by 75 basis points

Greece: Plan to cut prices of essential goods

'Money isn't free anymore': Inflation hits Wall Street

Interest rates hit nine-year high

Why the Federal Reserve is on a marathon