Central banks\' move \'exactly\' right: IMF chief
London - AFP
International Monetary Fund chief Christine Lagarde welcomed a move by central banks to inject dollars into banks threatened by the eurozone debt crisis as "exactly what is needed." The European Central Bank, along with its US, Japanese, Swiss and British counterparts, announced earlier Thursday they would inject extra dollar liquidity into banks facing a shortage of American currency. "The path to recovery needs collective action by both political leaders and central banks. What we saw today was exactly what is needed," Lagarde said in a brief statement. "It shows central banks will do whatever it takes to restore stability."
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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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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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