ECB's Draghi says stimulus won't 'stop suddenly'
European Central Bank
Frankfurt am Main - Emirates Voice
European Central Bank president Mario Draghi on Thursday said the bank would not bring its massive bond-buying scheme to an abrupt end, reassuring markets as it took a first step towards scaling back extraordinary stimulus.
"The decision today is for an open-ended programme," Draghi told reporters after the ECB announced it would halve its bond purchases to 30 billion euros a month from January until September.
"It's not going to stop suddenly, it's never been our view that things should stop suddenly," he 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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