Spanish economy grows 0.3% in first quarter
MADRID - AFP
Spain\'s battered economy expanded by 0.3 percent in the first quarter of 2011, preliminary data showed on Friday, encouraging news as it fends off debt crisis fears. Growth in Spain\'s total economic output, or gross domestic product, crept up from a 0.2-percent pace in final quarter of 2010, the National Statistics Institute said. Pounded by the double-punch of an international financial crisis and the bursting of a property bubble, Spain plunged into a recession with a 3.7-percent GDP contraction in 2009. The economy stabilised last year, shrinking by just 0.1 percent. But the unemployment rate ended the year at 20.33, the highest in the industrialised world.
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In The Swiss Alps
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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At Sports Court
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Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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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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