Mining giant Rio Tinto half-year net profit falls 82%
Mining giant Rio Tinto
Sydney - Arab Today
Mining giant Rio Tinto Thursday reported a 82 percent drop in its first-half net profit as a supply glut and slowing Chinese demand sent iron ore prices plunging.
The Anglo-Australian firm said net profit was $806 million in the six months to June 30 from $4.4 billion in the same period last year.
Its underlying profit, the measure preferred by the company, was down 43 percent to $2.9 billion.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Geneva - Muslimchronicle
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Sanaa - Muslimchronicle
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Paris - Muslimchronicle
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" opened 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 his
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