Allianz issues profit warning after Japanese quake
BERLIN - AFP
Germany\'s Allianz insurance group issued a profit warning on Wednesday in the wake of devastation caused by the Japanese earthquake, with income down 44 % in the first quarter. Net profits were \"just over 900 million euros ($ 1.3 billion)\" because of natural catastrophes and reduced earnings on financial markets, Allianz said. Expenses from natural catastrophes in the first quarter of 2011 will amount to roughly 750 million euros, of which some 320 million euros have been earmarked for claims related to the March 11 earthquake and tsunami in Japan.
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In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
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Instagram, Google+ join EU group
Brussels - Muslimchronicle
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At Sports Court
Russians challenge doping ban
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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