French economic growth revised down
London - Arabstoday
French economic output grew by 0.3% in the three months to the end of September, lower than the previous estimate of 0.4%. Household disposable income, or the cash that consumers have to spend, \"markedly decelerated\", said France\'s Insee statistics body. Last week, France saw its AAA credit rating placed on negative outlook by rating agency Fitch. A negative outlook usually means a downgrade is possible in 12-18 months. Fitch said the change in outlook was prompted by the heightened risk of government liabilities arising from the eurozone\'s debt crisis. France introduced an 65bn euro ($85bn; £54bn) austerity plan in November.
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Beirut - NNA
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Microsoft to open 4 data centres
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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