“Zero capacity to save”: Argentines buckle as inflation tops 104 per cent
Buenos Aires, Argentina Reuters Argentina’s annual inflation rate soared to 104.3 per cent in March, the official statistics agency said on Friday, one of the highest rates in the world, straining people’s wallets and stoking a cost-of-living crisis that has pushed up poverty. The inflation reading for the month came in at 7.7 per cent, […]
Kenyan opposition leader Odinga suspends anti-government protests
Nairobi, Kenya Reuters Kenyan opposition leader Raila Odinga said on Sunday he was suspending anti-government protests and was ready for talks after an appeal from President William Ruto, though he warned that demonstrations could restart in days. Thousands have joined three marches over the past two weeks against high living costs and alleged fraud in […]
“On the verge of an abyss”: At the mercy of gangs and hunger, Haitians survive on remittances
JOSEPH GUYLER DELVER, of Thomson Reuters Foundation, reports on how many in Haiti are relying on family sending money from abroad to pay for basics as rising prices force citizens into “catastrophic” hunger…
Postcards: Inflation brings end to beloved 114-year-old Japanese candy
KANTARO KOMIYA and DANIEL LEUSSINK, of Reuters, report on the end of an iconic business…
Meltdown averted but six months on, Russians face economic pain
Moscow, RussiaReuters Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western sanctions, but hardships are emerging for some Russians. After predicting at one point that the economy would shrink more than 12 per cent this […]
More than a quarter of Australians likely experiencing financial stress, says Christians Against Poverty
Geelong, Australia More than one in four Australians are already likely to be experiencing some level of financial distress as cost-of-living increases and rising interest rates bite – but many are unaware of it, according to Christians Against Poverty. Stuart Sampson, learning and development manager at CAP Australia, told Sight that many people are already […]
German Government not doing enough to help poor homes with inflation, says charity
Berlin, GermanyReuters The German Government should create a €5.4 billion emergency relief package to cushion the blow of rising living costs on low-income households, a study said on Wednesday. Food, housing and energy make up nearly two-thirds of consumption for households in the bottom 20 per cent of income levels, while that figure is only […]
Updated: Cost of living in focus as Australia’s election race hits final stretch
Updated: 6:30pm (AEST)Sydney, AustraliaReuters Australian Prime Minister Scott Morrison criss-crossed the country in a final day of campaigning, insisting he could still win Saturday’s election despite polls pointing to a change of government or hung parliament. Morrison and Labor Opposition leader Anthony Albanese targeted marginal seats in the final 48 hours of the six-week campaign […]