Korean government to spend 5tr won of public firms' money
South Korea's state-run oil
Seoul - Yonhap
The government plans to spend the money that public organizations gained from foreign exchange rates to better stabilize the livelihood of the people and strengthen public safety, the finance minister said Thursday.
The won's ascent against the U.S. dollar has helped public organizations such as Korea Electric Power Corp. and Korea National Oil Corp. reduce their debt and save import costs of raw materials. The government estimated such savings and debt reduction at about 6 trillion won (US$5.8 billion).
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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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