US consumer debt rises, but revolving debt drops
Washington - UPI
U.S. consumer credit rose 5.25 percent on a seasonally adjusted annual basis in the third quarter, the Federal Reserve said Thursday. Revolving debt -- generally credit-card debt -- fell for the fourth straight month, dropping at an annual rate of 2.25 percent, while non-revolving loans, like mortgages and car loans, rose at an annual rate of 8 percent. The Fed said consumer credit in total rose an a seasonally adjusted annual rate of 5.5 percent in September. Consumer debt climbed to $3.05 trillion, the Fed said. Non-revolving debt rose to $2.2 trillion, the Fed said. Revolving debt slipped to $846.9 billion.
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Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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