World News Insights
1-3 Minute Gist

World News Insights 1-3 Minute Gist

Retail Articles

LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.


The GuardianOriginal article ›
LyrArc Article Gist
The Truss government UK budget in September 2022 does little for the most vulnerable populations in the cost of living crisis. It also fail to take any significant steps to build up energy supplies. Of all the governments in the G-7 countries France, Germany, Italy, Canada, it is the weakest when it comes to promoting social cohesion or taking action to promote both energy supplies and renewable energy for the transition during climate change. Spain has just introduced a wealth tax for ...
The GuardianOriginal article ›
LyrArc Article Gist
Action to tackle the cost of living crisis taken by G-7 countries France, Germany, Italy, Canada, US, is shown here in The Guardian. France and Germany have taken the strongest action to protect lower income people, the US with the Inflation Reduction Act has taken broad steps to limit healthcare costs and invest in the economy. The UK appears to be the weakest in taking action and the new budget of Mr. Kwarteng is seen in this way as failing to protect vulnerable parts of the populati ...
WSJOriginal article ›
WSJOriginal article ›
LyrArc Article Gist
Inflation in the US eased from 8.5% to 8.3% in July according to the Labor Department consumer price index. This reflected declines in gasoline costs, airfares, and slower growth in cost of groceries. Climbing housing costs are a problem. They now make up 25% of the August 2022 inflation rate, up from 20% in February.
The GuardianOriginal article ›
WSJOriginal article ›
WSJOriginal article ›
WSJOriginal article ›
WSJOriginal article ›
DW.COMOriginal article ›
LyrArc Article Gist
China's sharp slowdown in growth to below 4% is likely to reduce inflation in the US, Europe and the rest of the world. This means less demand for oil and gas, other commodities, that China absorbed for the higher growth, in a degree that was disproportionate when compared to the needs of the rest of Asia, Latin America, Africa, the US and Europe. The inflation in other parts of the world with inflation now exceeding 10% in Britain, is driven by the war in Ukraine cutting off supplies o ...
NYTimes.comOriginal article ›
NYTimes.comOriginal article ›
The GuardianOriginal article ›
WSJOriginal article ›
WSJOriginal article ›
The Indian ExpressOriginal article ›
The GuardianOriginal article ›
WSJOriginal article ›
LyrArc Article Gist
Senator Schumer calls it a "momentous 24 hours here in the US Congress, a legislative one two punch that you rarely see." Schumer negotiated a major climate change action bill for $369 billion in the Senate, that also covers tax changes to cover costs, and helps cut drug and health care expenses of Americans.

The second quarter shows healthy job gains of average 375,000 a month and unemployment at 3.6%. The economy declined by 1.1% but much of this was from a slowdown ...
WSJOriginal article ›
LyrArc Article Gist
Consumer spending went up by 1.1% in June with the rebound in spending. Fed chairman Powell had this in mind when he said the second half could be stronger than the first for the US economy.
WSJOriginal article ›
NYTimes.comOriginal article ›
LyrArc Article Gist
The US economy declined by 0.2% in the second quarter of 2022 or 0.9% on an annualized basis. What does this mean? NYT provides a look with a breakdown of where this comes from. Business and residential construction went down by 11-12% as they are interest rate sensitive sectors and the Fed has raised interest rates by 0.75 of a percentage point twice in 12 months. Yet consumer spending was holding up and increased by 1% in the second quarter. 

Fed chairman Powell told a c ...
WSJOriginal article ›
BBC NewsOriginal article ›
LyrArc Article Gist
A Turkey and UN supported agreement is reached in Istanbul, Turkey, between Russia and Ukraine that would enable export of 20 million tons of Ukraine grains at its ports. Turkey and UN would inspect the ships to ensure no weapons smuggling is taking place and Ukrainian vessels would take the grain carrying ships through safe channels in the Black Sea. This will also get Russian grain out through the Black Sea ports.
WSJOriginal article ›
WSJOriginal article ›

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