US wholesale inventories up 0.2%
Washington - XINHUA
U.S. wholesale inventories and sales grew in April, fresh evidence of the ongoing economic recovery, U.S. Commerce Department said on Tuesday. Inventories at the wholesale level rose 0.2 percent in April from the prior month to 504.8 billion U.S. dollars, and were up 4.1 percent from the same month a year ago. Sales at the wholesale level rose 0.5 percent to 416.6 billion dollars, and were up 0.7 percent from the same month a year ago. An increase in business restocking can boost economic growth. Total private inventories contributed 0.63 percentage point to the overall economic growth in the first quarter this year, the Commerce Department said last month.
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Paris - Emiratesvoice
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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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