Italian bank unicredit reports record €14bn loss
Rome - QNA
Italy’s biggest bank, UniCredit, has reported a record annual loss of 14bn euros (?11.7bn; $19bn) and said it plans to cut 8,500 jobs.The bank, Italy’s biggest by assets, put aside 13.7bn euros to cover losses from bad loans in 2013.UniCredit is trying to take stock of its financial position before European regulators conduct an industry-wide health-check in the coming months.The planned job cuts will see the bank lose about 6% of its workforce by 2018, reported the BBC.The bank’s huge loss, largely due to troubles in Italy and Eastern Europe, was one of the worst suffered by a European bank since the beginning of the financial crisis.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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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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