USD hits 2-year high against Euro
Washington - SPA
The US dollar hit a two-year high against the euro Friday, as Europe’s financial problems forced the region’s currency to decline. The dollar and the Japanese yen benefited, as investors looked for safety. Borrowing costs for Spain and Italy rose sharply, which reflected investors’ unease about the financial situation in the countries. The euro traded as low as $1.2265, which was the lowest it has been since July 1, 2010 when it sank to $1.2193. The yen rose more than 1 percent against the euro, as well. The dollar also gained against the British pound to $1.5470.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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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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