Eurozone in recession until spring 2012
Paris - AFP
The eurozone, which entered a short recession in late 2011, will return to modest growth in the spring of 2012, official institutes from France, Germany and Italy forecast on Tuesday. The three statistics agencies, which offer a joint assessment of the eurozone economy every quarter, confirmed an earlier outlook of a 0.2 percent contraction in the first quarter of 2012 after a 0.3 percent contraction in the final quarter of 2011. For the third quarter of this year, the three institutes forecast stagnation, followed by a slim 0.1 percent expansion in the fourth quarter. \"Activity will gain slowly,\" the institutes said, \"but growth will stay weak.\"
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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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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