Sanction-hit Russian state bank VTB receives $1.8bn aid
Russian naval infantry sodiers
Moscow - AFP
Russia's second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country's national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.
"VTB confirms that today the bank has been provided with 100 billion rubles" - the first tranche of a 250 billion ruble deposit planned by the government, said the state bank, which was targeted with sanctions over Moscow's meddling in Ukraine imposed by the United States and the European Union.
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France's Carrefour revamps operations
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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