Chinese carmaker profit dives on weak auto sales
Beijing - Arabstoday
BYD, a Chinese carmaker backed by US billionaire Warren Buffett, said on Monday that first-half net profit fell 88.63 per cent from a year earlier on weak auto sales. The company, which also makes and sells batteries and cellphone components, reported a net profit of 275.36 million yuan ($154.14 million) for the first six months compared to 2.42 billion yuan a year earlier. The profit was slightly above an average forecast of 267 million yuan from three analysts polled by Reuters. In July, Chinese carmaker, 10 per cent owned by Buffett\'s Berkshire Hathaway Inc, forecast first-half net profit to come in between 121.06 million yuan and 363.18 million yuan.
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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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