Japan's GDP Downgraded to Annual 1.3% Rise
Japan's economy grew an annualized 1.3% in the July-September period in inflation-adjusted terms,
Tokyo - QNA
Japan's economy grew an annualized 1.3% in the July-September period in inflation-adjusted terms, a downgrade from a 2.2% expansion in preliminary data, partly reflecting a drop in corporate spending, the government said Thursday.
The country's gross domestic product expanded for the third straight quarter, but the pace of growth slowed from the previous period, signaling that the economic recovery remains moderate amid tepid domestic demand.
The results fell short of the average market forecast of 2.3% growth in Japan's News Agency (Kyodo) survey.
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Five things to know about Davos
Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Russians challenge doping ban
Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
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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