ECB keeps key interest rates unchanged
ECB
Frankfurt - Arab Today
The European Central Bank kept its key interest rates at record lows at its policy meeting on Thursday, as calls grew for president Mario Draghi to shed light on his future stimulus plans.
The ECB's governing council voted, as expected, to keep the benchmark "refi" refinancing rate at an all-time low of zero percent, a spokesman said.
It also held the rate on its marginal lending facility unchanged at 0.25 percent and the rate on the deposit facility steady at minus 0.40 percent -- meaning banks have to pay to park their excess cash with the ECB.
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France's Carrefour revamps operations
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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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