Germany flags €10bn in extra investment by 2018
Germany flags
Berlin - SPA
Germany's federal government is to boost investment spending by 10 billion euros (13 billion dollars) between now and 2018 to restore growth to the flagging economy, Finance Minister Wolfgang Schaeuble said Thursday.
According to dpa, Schaeuble added that there would be no increase in federal borrowing to finance the investment.
The news comes as Chancellor Angela Merkel's pro-austerity government faces growing calls from abroad to increase spending to prevent the
eurozone slipping into a fresh recession.
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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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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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