Bank of England leaves policy unchanged
London - UPI
The Bank of England said Thursday that it would keep its overnight lending rate and its asset purchasing program unchanged. The central bank doesn\'t explain its decisions until policy meeting minutes are released in three weeks but, with British and European economies in a prolonged slump, no change in policy had been expected. The Bank of England said its lending rate would remain at 0.5 percent and it would continue with its $604 billion target for asset purchases. The bank has held its lending rate at a record low of 0.5 percent since March 2009. The asset purchasing program was announced in the same month and extended by $80.5 billion in July 2012.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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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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