Swiss prosecutors arrest Chechen owner of Xamax football club
Bern - Arabstoday
Swiss prosecutors said they arrested Chechen owner of Neuchatel Xamax football club Bulat Chagaev for suspected fraud. The detention came hours after the club said it would file for bankruptcy. Geneva prosecutors said in a statement on Thursday Chagaev was arrested to prevent “financial mismanagement” and that a hearing was scheduled for Friday. Xamax was stripped of its license last week because of suspected fraud and a failure to prove it could meet its financial obligations. Its debts are estimated at between $8.7-10.9 million. Russian businessman Chagaev, 51, bought the club in May for one million euro from Italian Silvio Bernasconi.
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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
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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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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