Oil price down in Asian amid fears slowdown
Kuala Lumpur - Kuna
Price of oil was down in Asian transactions on Tuesday, coinciding with drops in European markets influenced by Eueo zone debt and amid fears of a global economic slowdown. Light crude for October delivery came to USD 83.92 per barrel (pb), a drop of USD 2.53 pb. Brent for October delivery meanwhile came to USD 110.57 pb, a slip of USD 0.49 pb. Recent US jobs data has been negative and affected oil markets across the world amid fear that the US economy, the biggest in the world and most oil-consuming, could be shrinking. The euro debt crisis is meanwhile weighing down the European currency against the dollar so that investors are less inclined to buy oil, which is priced in dollars. In London, Brent for October delivery came to 110.35 pb, a drop of USD 1.98 pb.
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With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
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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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