US trade gap shrinks in May
Washington - AFP
The US trade deficit narrowed for a second consecutive month in May amid weak growth in the world\'s largest economy and a global slowdown, government data showed Wednesday. The trade gap shrank to $48.7 billion, down from a revised $50.6 billion in April, the Commerce Department said. The May shortfall was slightly better than the $48.9 billion deficit expected by most analysts. Exports rose 0.2 percent, to $183.1 billion. Imports fell 0.7 percent, to $231.8 billion. The politically sensitive gap in goods trade with China, the biggest US creditor, widened in May to $26.0 billion from the April reading of $24.5 billion.
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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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