Italy: purchasing power falls 4.1%, biggest drop since 2000
Rome - ANSA
Household purchasing power in Italy fell 4.1% in the second quarter of 2012 compared to the same period in2012, the sharpest drop since 2000, Istat said Tuesday. It fell 1.6% between the first and second quarters of 2012, the statistics agency said. Households\' inclination towards saving fell 0.6 points to 8.1% between the first two quarters of 2012, and by 0.5 points compared to the second quarter of 2011. GDP fell 0.8% in the second quarter of 2012 and 2.6% compared to the second quarter of 2011.
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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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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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