Brexit Will Cost EU's GDP 0.3-0.5% Over Next 3 Years
President of the ECB Mario Draghi
Frankfurt - QNA
Britain's departure from the European Union is expected to shrink the Eurozone's economy by 0.3-0.5% in the next three years, European Central Bank (ECB) said Tuesday.
President of the ECB Mario Draghi informed EU leaders of the bank's estimates, German news agency DPA reported today. Draghi stressed that the ECB was ready for all contingencies saying that preparations included making sure that existing arrangements for the Frankfurt-based bank to stabilize markets and provide liquidity are usable, active and adequate.
The Brexit vote caused a two-day sell off in the global markets, the value of the Pound Sterling also fell more than 8% during those two days.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 10:37 2018 Friday ,05 January
UK to continue farm subsidies for five years after BrexitGMT 19:19 2017 Sunday ,05 November
British economy picks up steamGMT 14:45 2017 Thursday ,17 August
UK unemployment at four-decade low
With Job Cuts, China Deal
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
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
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
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 20:55 2014 Friday ,12 December
Nobel winner tells US to throw books not bombs at Islamic State
GMT 01:44 2017 Saturday ,07 October
intuitive networks in building smart city visions
GMT 12:49 2013 Tuesday ,17 December
Surviving Shocking Situations
GMT 08:34 2017 Tuesday ,28 February
Netflix 'thrilled' with Oscar win for Syria documentary
GMT 09:53 2017 Tuesday ,16 May
Edouard Philippe becomes France's PM
GMT 11:57 2018 Sunday ,21 January
Attack under way on Kabul luxury hotel: officials
GMT 12:33 2018 Sunday ,21 January
Hot air? Study finds bikram no healthier than other yoga
GMT 11:11 2016 Friday ,15 April
Liverpool-Villarreal, Shakhtar-Sevilla in Europa League semis
GMT 07:49 2017 Friday ,19 May
Mohammed bin Rashid surprises Arab Hope Makers ceremony
GMT 12:21 2017 Wednesday ,29 November
Iraqi army launches its operations in Rawah with building
GMT 12:47 2016 Monday ,18 April
First Air France flight in 8 years lands in Iran
GMT 13:57 2016 Sunday ,18 December
Ronaldo' s hat-trick inspires Real Madrid to win Club World Cup
GMT 17:00 2017 Thursday ,16 November
10,000 Dubai school students complete wellbeing census
GMT 15:37 2017 Friday ,27 January
Trump versus the press
GMT 20:06 2017 Thursday ,23 November
Rights, duties of interns are clearly defined under UAE law
GMT 09:55 2017 Sunday ,27 August
‘Game of Thrones’ travel guide
GMT 15:05 2017 Tuesday ,24 January
Russia could miss 2018 Winter Games: IPC chief
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor