ECB raises 2016 euro area growth, inflation forecasts
The European Central Bank
Vienna - Arab Today
The European Central Bank on Thursday upgraded slightly its forecasts for both inflation and growth in the euro area in 2016, but left its predictions for 2017 and 2018 unchanged.
ECB chief Mario Draghi told a news conference that according to the central bank's latest staff economic projections, area-wide inflation would average 0.2 percent in 2016, and then accelerate to 1.3 percent in 2017 and 1.6 percent in 2018.
At the same time, eurozone growth would average 1.6 percent this year, and 1.7 percent both next year and the year after, Draghi said.
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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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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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