US business inventories rose 0.3% in April
Washington - UPI
Business inventories rose modestly in April while sales slipped, the U.S. Census Bureau said Thursday.Inventories were up 0.3 percent to $1.65 trillion. Sales declined 0.1 to $1.26 trillion. The monthly figures adding up manufacturing and trade inventories were in line with the consensus forecast. The total business-inventories-to-sales ratio was 1.31, based on seasonally adjusted data, the Census Bureau said. A year ago, the ratio was 2.27. The ratio indicates how long it will take to sell existing inventory at current prices. As the ratio rises, it indicates manufacturers may have too much inventory on hand and may adjust by slowing production.
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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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