China cuts bank reserve ratio to boost lending
Beijing - Arabstoday
A teller counts Chinese yuan notes Economists had been expecting a cut in reserve requirements earlier in the year China\'s central bank has cut the amount of money banks must keep in reserve, in an effort to boost lending and sustain economic growth. The reserve requirements will fall half a percentage point from 24 February, the People\'s Bank of China said. Analysts said this could add as much as 400 billion yuan ($63.5bn; £40bn) to the financial system. The Chinese economy is showing signs of slowing as Europe\'s debt crisis hurts Chinese exports.
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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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