German government raises 2015, 2016 growth forecasts to 1.8%
German economy
Frankfurt - Arab Today
The German government upgraded Wednesday its forecasts for growth both this year and next year to 1.8 percent, saying Europe's biggest economy is "in an upturn."
Economy Minister Sigmar Gabriel said "Germany is on a solid path of growth, driven by favourable developments on the labour market, rising wages and increased employment. The main pillar of recovery is consumer spending."
Previously, the government had been pencilling in gross domestic product (GDP) growth of 1.5 percent in 2015 and 1.6 percent in 2016.
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With Job Cuts, China Deal
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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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
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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