Korean household lending growth nearly doubles in August
Korean traditional houses
Seoul - Yonhap
The amount of loans extended by South Korean banks to households nearly doubled in August from a month earlier, data showed Thursday, stoking concerns that the country's already-high household debt may further rise.
Outstanding household loans by local lenders stood at 497 trillion won (US$480 billion) as of end-August, growing by 5 trillion won from the previous month, according to the preliminary data by the Bank of Korea. The on-month gain is nearly double the 3.1 trillion won increase in July.
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Paris - Emiratesvoice
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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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