In the heart of the crowded Kibera neighborhood in Kenya's capital, Jacinter Awino shares a small tin house with her husband and four children. The 33-year-old housewife and her mason husband are unable to raise the $3,800 purchase price for a one-room government house. “Those government houses are like a dream for us, but our incomes simply don’t allow it,” Awino said.
Australia's Treasurer Jim Chalmers said on Sunday he was confident cuts to income taxes from Monday would not exacerbate price rises, as the nation suffers a cost-of-living squeeze amid stubbornly high rates of inflation. The consumer inflation rate reached a six-month high of 4.0% in May, adding to pain for families battling soaring living costs and lifting the chances of another interest rate hike this year from the Reserve Bank of Australia. The central bank has held interest rates steady at a 12-year high of 4.35% for five meetings, but has raised rates 425 basis points since May 2022 as inflation runs beyond its 2% to 3% target band.
SAN FRANCISCO (AP) — Will Smith knocked in two runs to start a seven-run 11th inning, and the Los Angeles Dodgers beat the San Francisco Giants 14-7 on Saturday night.