1.5% contractions expected for this year
Bank of Spain forecasts ‘modest rebound’ in 2014
Spain’s unemployment rate could rise to 27.1% by 2014
Madrid - Arabstoday
Spain’s unemployment rate could rise to 27.1% by 2014
The Spanish central bank forecast on Tuesday that the eurozone's fourth biggest economy will contract even more this year than in 2012, but would then benefit from "a modest rebound in 2014.”
The Bank of Spain estimated that business activity would shrink by 1.5 percent in 2013, on the heels of a 1.37 percent contraction last year, and then expand by 0.6 percent in 2014.
It also forecast that Spanish unemployment, among the eurozone's highest, would rise to 27.1 percent of the workforce by the end of this year, but would finish 2014 at 26.8 percent.
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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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