China's Anbang to buy Strategic Hotels for $6.5 bn
China economy
New York - Arab Today
Chinese insurer Anbang will buy Strategic Hotels & Resorts for $6.5 billion from Blackstone, which bought the US luxury hotel group three months ago, a person close to the matter told AFP Monday.
The deal was revealed just as news broke that an Anbang-led consortium has also offered $12.8 billion to buy Starwood Hotels & Resorts Worldwide, pressuring Starwood's agreed acquisition by Marriott International.
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With Job Cuts, China Deal
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Paris - Emiratesvoice
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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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Sanofi buys US haemophilia treatment
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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