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Heathrow Airport has accused the Government of “curtailing the UK’s global connectivity”.The west London airport criticised measures such as introducing a £10 fee for some transiting passengers and the refusal to resume tax-free shopping for international visitors.

Heathrow accuses Government of ‘curtailing UK’s global connectivity’

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Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.

Credit Card Delinquencies Are on the Rise

⏲ 1:31 👁 32.7M

The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.

Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April

⏲ 0:41 👁 1.2M

Wayfair is opening its first large-format retail store outside of Chicago on May 23rd. The move shows that some digitally native brands are turning to physical retail locations for new growth opportunities and a better customer experience. Wayfair CEO Niraj Shah said categories like furniture benefit from a physical store experience where customers can see and touch items before purchasing. Wayfair envisions opening more large stores nationwide in the future as it explores an omnichannel retail strategy. Other e-commerce brands have also launched physical stores recently to complement online sales.

Wayfair Set to Open First Large-Format Retail Store, Signaling Shift in E-Commerce Trends

⏲ 0:38 👁 3.3M

What do food hygiene ratings represent, and how have the numbers of zero-rated businesses changed recently?

Food hygiene ratings: What do they mean for customers?

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People with a mortgage are hoping for some relief in the budget tonight, after the Reserve Bank left interest rates on hold last week and hinted at possible further rate rises later in the year.

Households keep fingers crossed for cost of living relief

⏲ 3:59 👁 1.6M

The Consumer Price Index rose 0.3% in April, slightly below economists' expectations. Inflation was 3.4% annually in April, in line with forecasts. Core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.6% year-over-year in April. Shelter costs increased 0.4% in April and were up 5.5% from a year ago. Energy prices rose 1.1% in April and were up 2.6% annually, while food prices were flat monthly. Used and new vehicle prices declined in April. Inflation remains above the Fed's 2% target, but signs of easing could allow them to pause rate hikes until more data is available in 2024.

Consumer Price Index Rises 0.3% in April, Slightly Below Expectations

⏲ 0:48 👁 840K

British luxury automobile manufacturer, Jaguar Land Rover, has reported a pre-tax profit of £2.2bn, marking its highest since 2015. The uptick in returns has been attributed to thriving global demand for the company's luxury models, particularly the Defender and Range Rover models manufactured at its Solihull factory.

Jaguar Land Rover sees record profits on global demand

⏲ 1:0 👁 8.4M

Bank Negara Malaysia’s (BNM) initiatives have helped alleviate pressure on the ringgit, leading to a 0.5 percent appreciation of the local currency on a nominal effective exchange rate (NEER) basis, said the central bank’s governor.<br/><br/>Datuk Abdul Rasheed Ghaffour, speaking at a press conference on Friday (May 17) during the announcement of the first quarter 2024 gross domestic product figures, noted that from the beginning of the year until May 15 this year, the ringgit had depreciated by 2.4 percent against the US dollar,in line with the movements of other regional currencies. <br/><br/>Read more at https://tinyurl.com/3kexwe38<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

BNM's initiatives help cushion pressure on the ringgit, says its governor

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5 Thrifty Tips <br/>to Help Transform <br/>Your Garage.<br/>Sourcing your garage must-haves from <br/>thrift shops, estate sales, yard sales, recycling <br/>facilities and other secondhand stores offers <br/>a great way to save money.<br/>Be on the lookout for these 5 items: .<br/>1. Vintage Gardening and Landscaping Tools, can double as rustic decor.<br/>2. Secondhand Wheelbarrows, offer the same functionality as a new one for a fraction of the cost. .<br/>3. Standard Tools, like hammers, screwdrivers and wrenches <br/>can be great garage sale finds.<br/>4. Storage Bins and Crates, of all shapes and sizes can give you an organizational edge. .<br/>5. Shelving and Hooks, can also make a huge difference in <br/>transforming your cluttered garage into <br/>an extension of your living space. .<br/>Your new garage , art studio, home gym, <br/>workshop, office,awaits.

5 Thrifty Tips to Help Transform Your Garage

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Chancellor of the Exchequer Jeremy Hunt accused Labour of using “playground politics” to distract debate from the \

Jeremy Hunt accuses Labour of ‘playground politics’

⏲ 0:45 👁 1.5M

Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.

JPMorgan's Jamie Dimon Warns Of 'A Lot Of Inflationary Forces' Ahead, Predicts Higher Interest Rates

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