Greece: recession worse than first thought
Athens - AFP
Greece revised yesterday the depth of the recession it suffered last year, saying that business activity had contracted by 7.1 percent instead of a previous estimate of 6.9 percent. The Greek statistics authority issued the new estimate of gross domestic product based on 2010 prices, a statement said. \"GDP (market prices) for 2011, calculated at 2010 prices, amounted to 206.4 billion euros ($269 billion) compared with 222.2 billion euros for 2010 (7.1 percent reduction),\" the statement said. \"The revisions of statistical results are an integral part of the statistical process and the national accounts (GDP and its components) are compiled in this context,\" it added.
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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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