Credit Suisse bosses wages \'halved in 2011\'
Geneva - AFP
Executives at Swiss banking giant Credit Suisse saw their pay packet shrink by about half in 2011, according to the bank\'s annual compensation report which was published Friday. In 2010, each top manager at the bank took home an average of 10 million francs ($10.9 million; 8.3 million euros) in basic wages and bonuses, but in 2011, each earned an average of 5.4 million francs. Chief executive Brady Dougan, who made 12.8 million francs in 2010, was paid 5.8 million francs for 2011. The bank posted a 62 percent drop in net profits for 2011 to 1.95 billion francs, although it issued an optimistic outlook for 2012.
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France's Carrefour revamps operations
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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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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