UK inflation rate drops to 2.8%
London - AFP
British 12-month inflation fell to a rate of 2.8 percent in May -- the lowest level for more than two years, official data showed on Tuesday. The annual inflation rate dropped from a level of 3.0 percent in April to reach the lowest point since November 2009, the Office for National Statistics said in a statement. Price increases for food, fuels and energy had been substantially weaker in May compared with 12 months earlier, the ONS said. Analysts\' expectations had been for the annual rate to remain at 3.0 percent, according to a poll by Dow Jones Newswires. The Consumer Prices Index (CPI) meanwhile dipped by 0.1 percent in May on a month-on-month basis, the ONS added.
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Paris - Emiratesvoice
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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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