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'Six eggs used to be £1' - why everyday essentials cost so much more now

'Six eggs used to be £1' - why everyday essentials cost so much more now

May 24, 2026 • BBC Business

Summary

The prices of everyday food items like eggs, milk, and bread have risen significantly in the UK over the past few years. Factors driving these price increases include poultry culling due to avian flu, higher grain and energy costs, and global conflicts affecting supply chains.

Key Facts

  • In 2022, a box of six free-range eggs cost £1, but in 2024 it costs about £1.80.
  • Egg prices rose due to bird culling from avian flu and increased energy costs for indoor housing.
  • Ukraine is a key grain supplier, and prices rose after Russia’s invasion in 2022, pushing up feed costs.
  • The price of four pints of semi-skimmed milk went from £1.29 in 2022 to £1.65 now.
  • Energy price increases have raised costs in dairy farming and processing.
  • Bread prices increased from 65p to 74p per loaf since 2022, partly due to wheat cost changes.
  • Producer costs have increased faster than inflation, but contracts with supermarkets limit price rises mid-term.
  • Ongoing global conflicts, like in the Middle East, continue to affect food supply and prices.
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BBC Business BBC Top Stories
East Africa wants to curb imports of used clothes. But it's not easy

East Africa wants to curb imports of used clothes. But it's not easy

May 23, 2026 • BBC World

Summary

East African countries want to reduce the import of used clothes because they hurt local clothing businesses. However, many people in the region rely on buying and selling second-hand clothes because they are cheaper than new clothes.

Key Facts

  • East Africa imports large amounts of second-hand clothing from the US, Europe, and China.
  • Kenya is the biggest importer in Africa, bringing in nearly 180,000 tonnes of used clothes in 2022.
  • The East African Community tried to ban second-hand clothing imports before but gave up after pressure from the US.
  • Uganda added a 30% tax on used clothes to help its local clothing makers and protect the environment.
  • Kenya charges a 30% customs duty on used clothes, which is higher than the tax on new clothes.
  • Many people work in the second-hand clothing trade, with an estimated 4.9 million people across East Africa depending on it for jobs.
  • Some local clothing designers say used clothes make it hard to sell their more expensive products.
  • Traders and sellers argue that the used clothing business supports many people and should remain free of heavy restrictions.
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BBC World BBC Top Stories
New York official warns AI could cost city thousands of jobs

New York official warns AI could cost city thousands of jobs

May 23, 2026 • The Hill

Summary

A New York City official, Comptroller Mark Levine, warned that artificial intelligence (AI) could lead to the loss of thousands of jobs in the city. He discussed how AI might affect the economy and the job market in New York in the future.

Key Facts

  • Comptroller Mark Levine spoke about potential job losses due to AI in New York City.
  • AI could negatively impact many workers in the city.
  • The warning suggests thousands of jobs might disappear because of AI technologies.
  • Levine described different scenarios about AI’s impact on the economy and employment.
  • The focus is on how the city's workforce and economy might change as AI develops.
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The Hill
Moo's Craft Barbecue brings Texas flavor to Los Angeles

Moo's Craft Barbecue brings Texas flavor to Los Angeles

May 23, 2026 • CBS News

Summary

Moo's Craft Barbecue is a new barbecue restaurant in Los Angeles that serves Texas-style barbecue. It has quickly become one of the city's most popular barbecue spots.

Key Facts

  • Moo's Craft Barbecue offers barbecue food in the style common in Texas.
  • The restaurant is located in Los Angeles.
  • It has gained popularity fast and is considered one of the top barbecue places in the city.
  • CBS News featured Moo's Craft Barbecue on their program "CBS Saturday Morning."
  • The article highlights the connection between Texas barbecue tradition and the restaurant's menu.
  • People interested in barbecue food in Los Angeles are visiting Moo's Craft Barbecue.
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CBS News
Map Reveals Cities Where Home Sales Are Soaring

Map Reveals Cities Where Home Sales Are Soaring

May 23, 2026 • Newsweek

Summary

Home sales are increasing fastest in several Southern and Midwestern U.S. cities where the number of homes for sale has risen above levels seen before the COVID-19 pandemic. Austin, Texas leads with a 20 percent rise in home sales thanks to more available homes and better affordability.

Key Facts

  • Austin, Texas had a 20 percent increase in home sales compared to last year.
  • Austin also has 52 percent more homes for sale than before the pandemic.
  • Other Texas cities saw sales rises: San Antonio 11.7%, Dallas 8.6%, Houston 3.3%.
  • Nashville, Raleigh, Miami, Phoenix, and Denver also had good increases in home sales.
  • Milwaukee, Richmond, New Orleans, Chicago, and Louisville outperformed in mostly Midwestern and Southern cities.
  • Many Northeastern cities, including New York and Pittsburgh, saw home sales drop.
  • The supply of homes has improved in 19 of the 50 largest U.S. metro areas, mostly in the South and West.
  • The pandemic caused a surge in demand and low supply for homes, pushing prices up, but increased building in some areas has improved inventory and sales recently.
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Newsweek
The office lunch was once a luxury. Now it’s just a pain | Dave Schilling

The office lunch was once a luxury. Now it’s just a pain | Dave Schilling

May 23, 2026 • Guardian US

Summary

The article discusses how the concept of the office lunch has changed over time. Once a relaxing break or even a social event, office lunches now feel like a rushed, inconvenient task during the workday.

Key Facts

  • Office lunch breaks are mandatory by law in some places, like California.
  • Traditionally, lunch was a leisure time and important break, especially during industrial work.
  • Modern office lunches focus on quick, convenient food to return to work fast.
  • The author feels the current office lunch is less enjoyable and more of a distracting obligation.
  • Lunch has become less about nourishment and more tied to work routines and personal habits.
  • Industrialization helped establish lunch as a main meal during the day.
  • Some people prefer smaller snacks or skipping the traditional lunch to stay more productive.
  • Venture capitalists may promote upscale takeout options to profit from office workers' lunchtime habits.
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Guardian US
Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

May 23, 2026 • CBS News

Summary

CBS Mornings is offering special discounts on various products through its website, cbsdeals.com. Viewers can find useful everyday items at reduced prices and support CBS as it earns commissions on sales made through the site.

Key Facts

  • CBS Mornings features exclusive discounts on selected products.
  • The deals are available on the website cbsdeals.com.
  • The products showcased may become helpful in daily life.
  • Purchases made through CBS Deals generate commissions for CBS.
  • The promotion is part of the CBS News programming.
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CBS News
Money expert answers some of your top finance questions

Money expert answers some of your top finance questions

May 23, 2026 • CBS News

Summary

A finance expert, Jill Schlesinger, answers common money questions. She covers topics like investing and home loans to help people understand their finances better.

Key Facts

  • Jill Schlesinger is a business analyst for CBS News.
  • She provides advice on various finance topics.
  • Questions include details about investments.
  • She discusses issues related to home loans.
  • The advice is shared through CBS News and its app.
  • The goal is to help viewers manage their money wisely.
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CBS News
Hooters aims to rebrand as family-friendly restaraunt

Hooters aims to rebrand as family-friendly restaraunt

May 23, 2026 • The Hill

Summary

Hooters is trying to change how people see its brand. The company's CEO, Neil Kiefer, said they want to be known as a family-friendly restaurant.

Key Facts

  • Hooters is changing its brand image.
  • The company wants to be seen as family-friendly.
  • Neil Kiefer is the CEO of Hooters.
  • The shift aims to attract a wider range of customers.
  • The change may involve updates to the restaurant’s style or menu.
  • Hooters is known for its previous branding focused on a different audience.
  • This rebranding is an effort to improve the restaurant’s public perception.
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The Hill
Which states have had highest mortgage delinquency growth?

Which states have had highest mortgage delinquency growth?

May 23, 2026 • The Hill

Summary

Vermont had the largest rise in mortgage delinquency in the U.S., with an increase of 12.32% from the last quarter of 2025 to the first quarter of 2026.

Key Facts

  • Mortgage delinquency means borrowers are late on their home loan payments.
  • Vermont saw the biggest growth in late mortgage payments compared to other states.
  • The increase happened between late 2025 and early 2026.
  • This shows more homeowners in Vermont struggled to pay on time during that period.
  • The report compares changes in mortgage payment status over time.
  • Other states had smaller increases or stable delinquency rates.
  • Mortgage delinquency is an important indicator of economic stress for homeowners.
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The Hill
Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

May 23, 2026 • Guardian World

Summary

Even if the war between the US and Iran ended immediately, gas prices in the US are unlikely to return to prewar levels soon. This is because fixing damaged oil infrastructure and resolving supply chain problems will take months or even years.

Key Facts

  • The current US average gas price is $4.55 per gallon, about $1.50 higher than before the US and Israel attacked Iran in February.
  • About 25% of global oil shipments, around 20 million barrels a day, pass through the Strait of Hormuz, which is affected by the conflict.
  • Turning crude oil into gasoline usually takes 30 to 60 days, including extraction, refining, and delivery.
  • Oil wells in the Gulf region use slower traditional pumping methods compared to faster US shale wells.
  • Restarting refineries and clearing shipping backlogs in the Gulf could take 3 to 5 weeks or more.
  • Experts estimate it could take between six months to two years for prices to normalize after the conflict ends.
  • Jet fuel prices in Europe have been high but are easing somewhat due to lower demand from reduced flight bookings.
  • Seasonal changes and ongoing demand also influence fuel prices during the conflict.
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Guardian World Guardian US Guardian Business
UK’s ‘anxious generation’ of young people struggling to adapt to workplace

UK’s ‘anxious generation’ of young people struggling to adapt to workplace

May 23, 2026 • Guardian World

Summary

A government adviser reports that many young people in the UK are struggling to find jobs because of mental health issues and changes in how they live and communicate. The report says businesses should offer more flexible work and mental health support to help these young people join the workforce.

Key Facts

  • Nearly 1 million young people aged 16 to 24 in the UK are not in education, work, or training (called Neets).
  • Mental health problems like anxiety and depression are a major reason many cannot work.
  • Social media and smartphone use are affecting young people’s sleep, focus, and overall mental health.
  • More than half of Neets have never had a job, and a quarter are unable to work due to sickness or disability.
  • The UK has a much higher percentage of Neets compared to countries like Japan, Ireland, and the Netherlands.
  • Falling immigration is making it harder for UK businesses to find skilled workers.
  • The report calls for businesses to change by providing flexible work conditions and mental health support for young workers.
  • Experts suggest schools need to improve to prevent more young people from becoming workless.
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Guardian World
Temperatures are rising - and so are ice cream prices

Temperatures are rising - and so are ice cream prices

May 23, 2026 • BBC Business

Summary

Ice cream prices are rising in some seaside towns in Wales, with Porthmadog charging an average of £3.85 for one scoop. This comes as many UK households face higher costs for food, energy, and fuel due partly to global supply issues.

Key Facts

  • Porthmadog in Gwynedd has the highest average price for a single scoop of ice cream in the UK at £3.85.
  • Aberystwyth and Tenby are also among the most expensive seaside towns for ice cream in the UK.
  • The price for a two-scoop cone in Porthmadog averages £5.28.
  • Barton-on-Sea in Hampshire is the cheapest UK seaside town for ice cream, with a single scoop costing about £1.95.
  • The analysis was done by credit card company Zable, which checked prices from popular ice cream shops in 33 UK seaside towns.
  • Chancellor Rachel Reeves announced cuts on import taxes for certain foods to help reduce prices amid the cost of living crisis.
  • Rising energy, food, and fuel costs are linked to global events, including the war in Iran affecting supply chains.
  • Some locals say the high ice cream prices are too expensive for families, while others are willing to pay more for quality ice cream.
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BBC Business
Brewdog founder to give shares in new beer brand to old investors

Brewdog founder to give shares in new beer brand to old investors

May 23, 2026 • BBC Top Stories

Summary

James Watt, co-founder of the beer company Brewdog, is starting a new beer brand called Second Best. He plans to give free shares in this new company to people who lost money investing in Brewdog’s crowdfunding scheme after Brewdog faced financial collapse.

Key Facts

  • James Watt co-founded Brewdog in 2007 with Martin Dickie.
  • Brewdog once had four breweries, about 100 pubs worldwide, and was valued at over $1 billion.
  • Brewdog collapsed with debts over £500 million and was bought by US company Tilray in March 2024.
  • Brewdog raised £75 million through Equity for Punks, a crowdfunding plan letting fans invest for perks like beer discounts.
  • When Brewdog was sold, a US equity firm with special shares got paid first, leaving Equity for Punks investors with no returns.
  • About 484 jobs were lost and 38 bars closed in the sale process.
  • James Watt resigned as Brewdog CEO in 2024 and apologized for mistakes, saying the company expanded too fast.
  • Watt will give nearly 20% of shares in Second Best to former Brewdog crowdfunding investors for free, calling them "second founders."
  • The new company is still getting licenses and legal approval, with no set launch date yet.
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BBC Top Stories
Mexico, EU sign stalled trade deal as they aim to diversify from US

Mexico, EU sign stalled trade deal as they aim to diversify from US

May 23, 2026 • France24

Summary

Mexico and the European Union signed a free trade agreement on May 23, 2026. The deal aims to reduce their reliance on the United States and protect themselves from tariffs imposed by President Donald Trump.

Key Facts

  • The trade agreement between Mexico and the EU had been delayed but was finalized on May 23, 2026.
  • The goal of the deal is to diversify trade partners away from the United States.
  • This move helps both Mexico and the EU avoid the impact of tariffs set by President Trump.
  • Free trade agreements remove or reduce taxes on goods traded between the partners.
  • Mexico, the EU, and the U.S. are important global trading regions.
  • The agreement may strengthen economic ties between Mexico and European countries.
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France24
The Leeds designer outlet that's 15 miles from Leeds

The Leeds designer outlet that's 15 miles from Leeds

May 23, 2026 • BBC Business

Summary

A new designer outlet associated with Leeds is located 15 miles away from the city, in Castleford. This outlet is part of the retail sector and is connected to the Frasers Group company.

Key Facts

  • The designer outlet is branded with the Leeds name but is actually 15 miles outside Leeds.
  • The outlet is located in the town of Castleford.
  • It is related to retail shopping, focusing on designer brands.
  • The Frasers Group, a retail company, is involved with this outlet.
  • This news relates to business and retail development in the Leeds area.
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BBC Business
Reeves’s tax cut on children’s meals a political ‘soundbite’, say restaurateurs

Reeves’s tax cut on children’s meals a political ‘soundbite’, say restaurateurs

May 23, 2026 • Guardian World

Summary

Chancellor Rachel Reeves has temporarily cut the tax on children’s meals in restaurants from 20% to 5% for the summer to help families and support the hospitality sector. However, some restaurant owners say the cut is too small to make a real difference, while others plan to lower children’s meal prices during this time.

Key Facts

  • The VAT (value-added tax) on children’s meals in restaurants in England is cut from 20% to 5% between June and September.
  • This measure is part of a wider "Great British summer savings" campaign to ease the cost of living, which includes free bus travel for under-16s.
  • Some restaurateurs say children’s meals are often already sold at a loss, so the tax cut may not reduce prices much.
  • Tim Martin, owner of Wetherspoons pubs, plans to lower his children’s menu prices over the summer in response to the VAT cut.
  • UK VAT on restaurant food is 20%, higher than the European average of about 12% and much higher than Italy’s 10%.
  • Hospitality businesses want a permanent VAT cut to match supermarket rates and other European countries.
  • Industry group UKHospitality says a lower VAT could reduce prices, control inflation, increase demand, and create jobs.
  • Some restaurateurs describe the tax cut as symbolic and call for broader, longer-term support for the hospitality sector.
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Guardian World
Inside the Latest Celebrity Side Hustle—And Its Biggest Winners and Losers

Inside the Latest Celebrity Side Hustle—And Its Biggest Winners and Losers

May 23, 2026 • Newsweek

Summary

Many celebrities are launching skincare and makeup brands, but the market is crowded and competition is tough. Some celebrity brands, like Rihanna’s Fenty and Selena Gomez’s Rare Beauty, have been very successful, while others have closed down due to lack of demand. Experts say that building a strong connection with customers is key for these brands to last.

Key Facts

  • Harper Beckham, age 14, is rumored to be starting a skincare brand aimed at Generation Alpha.
  • The celebrity beauty market includes major names like Rihanna, Selena Gomez, Hailey Bieber, and Ariana Grande.
  • Some brands such as SKKN by Kim Kardashian and Addison Rae’s Item Beauty have closed or struggled.
  • Fenty Beauty by Rihanna made over $570 million in its first 15 months and is now worth billions.
  • Rare Beauty by Selena Gomez has a mental health focus and is valued above $2 billion.
  • Hailey Bieber’s Rhode brand was acquired by e.l.f. Beauty for up to $1 billion.
  • Ariana Grande’s R.E.M. Beauty remains strong in stores and is worth about $500 million.
  • Experts say celebrity brands need to create a welcoming “brand world” to keep customers loyal.
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Newsweek
American investment in Liga MX: The growing appeal...

American investment in Liga MX: The growing appeal...

May 23, 2026 • ESPN

Summary

American investors are increasingly interested in Liga MX, Mexico’s top soccer league. A Mexican club owner described Liga MX as a big chance for growth and investment in global sports.

Key Facts

  • Liga MX is Mexico’s main professional soccer league.
  • It is seen as an underused opportunity in global sports.
  • American investors are starting to invest in Liga MX clubs.
  • Mexican club owners recognize the growing appeal of the league.
  • The league’s potential attracts international attention and money.
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ESPN
Listen: The final moments of CBS News Radio

Listen: The final moments of CBS News Radio

May 23, 2026 • CBS News

Summary

CBS News Radio ended its broadcasts on May 22, 2026, after being on the air for almost 100 years. The last newscast and special report were anchored by Christopher Cruise.

Key Facts

  • CBS News Radio stopped operating on May 22, 2026.
  • It had been broadcasting for nearly 100 years.
  • Christopher Cruise hosted the final newscast and special report.
  • CBS News Radio was part of CBS News, a major news organization.
  • The closure marks the end of a long history in radio news broadcasting.
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CBS News