Gold drops on rising risk appetite
London - Arabstoday
Gold slid yesterday as higher hopes of a resolution to the Eurozone debt crisis persuaded investors to shrug off a downgrade to Spain\'s credit rating and opt for equities, but a softer dollar helped provide some support. Spot gold was bid at $1,647.24 a troy ounce at 1158 GMT from $1,658.64 an ounce late in New York on Tuesday. European stocks and the euro rose on optimism policymakers will take major steps at a summit this weekend to solve the festering debt crisis and offset the impact from a cut to Spain\'s sovereign credit rating. That was denied by senior European Union officials, but not before the tone for the day was set.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
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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