France enters recession in first quarter
Paris - AFP
France entered a recession in the first quarter this year with gross domestic product contracting 0.2 percent, after shrinking the same amount in the last quarter of 2012, the official INSEE statistics office said Wednesday. A recession corresponds to a drop in growth over two quarters. The French finance ministry said that it still expected a tiny expansion of 0.1 percent for 2013 however. INSEE also revised lower the fall in purchasing power for French households in 2012 to 0.9 percent instead of a 0.4 percent fall forecast in March. French growth has been sluggish, hit by record unemployment and falling household demand, the key driver of the economy.
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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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