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Term Sheet — Friday, May 24

Term Sheet — Friday, May 24

THE STUDENT DEBT BUBBLE Good morning, Term Sheet readers. America's student loan debt problem is nearing a full-blown crisis. Outstanding student debt hit $1.5 trillion for the first time ever in 2018, and it doesn't seem to be getting better. In fact, it appears that the trend is only accelerating when you consider that student debt accounted for

German appeals court rules in favor of VW diesel owners

German appeals court rules in favor of VW diesel owners

FRANKFURT (Reuters) - A regional appeals court in Karlsruhe on Friday ruled that German Volkswagen dealers must take back cars fitted with illegal software devices or give their customers new vehicles. The case was brought by owners of VW and Audi cars built in 2009, 2011 and 2013. It is the first time that a regional appeals court has ruled in favor

Warning over car boot counterfeit surge this bank holiday

Warning over car boot counterfeit surge this bank holiday

C ar-boot-sale shoppers could be left out of pocket this bank holiday Monday and quite literally be burnt by shoddy counterfeit goods this weekend, including fake perfumes and sunglasses, dodgy electrical equipment, flammable children's clothes and unsafe toys, councils have warned. The Local Government Association, which represents councils in England

Asda, Sainsbury’s and Tesco hike halloumi prices after shortage warnings

Asda, Sainsbury’s and Tesco hike halloumi prices after shortage warnings

SUPERMARKETS including Asda and Tesco have been steadily hiking the price of halloumi after fears of a shortage of the cheese. The UK is the biggest market for halloumi outside of Cyprus and Brits can’t get enough of its salty taste and meaty texture. Halloumi prices have been steadily rising at the biggest supermarkets But Asda, Morrisons, Sainsbury’s,

Wall Street opens higher as trade worries ease

Wall Street opens higher as trade worries ease

(Reuters) - U.S. stocks rose at the open on Friday, a day after a sharp sell off, as sentiment was buoyed by comments from President Donald Trump predicting a swift end to the protracted trade dispute with China. The Dow Jones Industrial Average rose 60.60 points, or 0.24%, at the open to 25,551.07. The S&P 500 opened higher by 10.17 points, or 0.36%,

Deliveroo is coming to 10 new towns across the UK – find out if yours is covered

Deliveroo is coming to 10 new towns across the UK – find out if yours is covered

DELIVEROO is expanding and is launching in 10 new towns this week across the UK. It means households in Wigan, Warrington, Mansfield and Harlow will be able to order from the takeaway firm this week. Deliveroo is launching in 10 new towns this week Homes in Burton upon Trent, Nuneaton, Chesterfield, Middlesbrough, and Dudley will also be able to order

Was the Grammys ‘boys club’ behind the firing of two women at its charity?

Was the Grammys ‘boys club’ behind the firing of two women at its charity?

Dana Tomarken had spent 25 years helping to build up the Grammys’ charitable arm, MusiCares, to the point that it possessed an endowment of some $25 million to provide emergency financial assistance to needy and ill musicians. That ended April 16, 2018, when the Grammys abruptly fired Tomarken, 75, along with her long-term associate, Dorit Kalev, 43

The abandoned farms behind the global coffee craze

The abandoned farms behind the global coffee craze

“A lot of farms are being abandoned,” says Sonia Vásquez, an organic coffee grower on the slopes of San José in southwest Honduras. “A lot of people are migrating — many can no longer make ends meet.” Over the last six years Vásquez, 46, has seen her crop devastated by disease — a coffee tree fungus that has ravaged parts of Latin America. Now her

CommSec: Market Close 24 May 19 Aussie shares slide for 2nd day

CommSec: Market Close 24 May 19 Aussie shares slide for 2nd day

The Australian sharemarket eased by 0.55% on Friday with energy stocks, banks and supermarket chains weighing most heavily. The price of oil fell by 5.7%; the biggest tumble of the year.