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Fashion royalty watches as Gucci takes fans on 70s trip MILAN: Gucci took an audience sprinkled with fashion royalty on a mind-expanding trip back to the early 1970s on Wednesday as the global style powerhouse unveiled its 2015 spring/summer womenswear collection.Skirts were cut above the knee, or shorter: always an encouraging sign if you believe the old maxim about global stock markets tending to rise in tandem with hemlines.Prints had a slight psychedelic edge to them and there was a bit of a nautical/pirate theme running through a set that included plenty of embroidery and gilt-edged, oversized buttons on short-cut jackets featuring a range of exotic materials including python and Mongolian lamb. There was also a range of three-quarter length, flared trousers and tight-waisted trench coats in an eclectic mix the company itself dubbed "kaleidoscopic glamour".Gucci's creative director Frida Giannini has long been a fan of the hippy era and she gave full vent to that particular enthusiasm, to the ...

US accuses payday lenders of taking money from unwitting consumers WASHINGTON: Two federal agencies on Wednesday took legal action against two different payday lending operations, in both cases alleging that lenders took money from unwitting consumers, as part of an ongoing crackdown on the industry. A federal court in Missouri issued a restraining order on an online payday scheme that allegedly trapped consumers in unauthorized loans and took money out of their bank accounts, the US Federal Trade Commission said on Wednesday. Between 2012 and ...

Scottish support for independence rises to 49pc, Ipsos MORI poll EDINBURGH: Scottish support for independence has risen to 49 percent, an Ipsos MORI poll showed on the eve of a referendum that could break the United Kingdom apart. The Ipsos MORI poll showed support for Scotland staying in the United Kingdom on 51 percent, the STV news broadcaster said. Support for independence had risen 7 percentage points since a similar poll on Aug. 5 while support for the union had fallen by the same amount, ...

EU regulators to clear Britain's 19bn euro nuclear project: sources BRUSSELS: European Union state aid regulators are set to approve Britain's 19-billion-euro (24.63 billion US dollar) plan to build a nuclear plant with French utility EDF, people familiar with the matter said on Wednesday. The case is important for Britain, which wants to replace a fifth of its ageing nuclear power plants over the coming decade, and for France, which sees it as an important export contract. Other EU countries such as Germany, which is ...

West African powerhouse Ivory Coast battles to keep out Ebola ABIDJAN: The billboard depicts a masked health worker in a biohazard suit looming over a bed-ridden patient. Above them, bright red letters warn commuters on a busy Abidjan street that "The Ebola risk is always there".As Ivory Coast campaigns to fend off an Ebola outbreak ravaging neighbouring West African states, such grim reminders of the catastrophe unfolding across its western border are everywhere. The worst recorded outbreak of the virus has killed over 2,400 people ...

France drops case against Iranian dissidents after 11-year probe PARIS: Prosecuting judges in Paris on Wednesday dropped all charges of money laundering and fraud against nine people close to an exiled Iranian opposition group more than 10 years after they were arrested on terrorism charges. The five women and four men were among 167 sympathisers of the People's Mujahideen Organisation of Iran (PMOI) who were rounded up in 2003 during a police raid on the ouskirts of Paris for questionning over possible links to ...

UK trade deficit wider on illegal drug imports LONDON: Britain's trade deficit widened by 4 billion pounds due to imports of illegal drugs in 2012, equivalent to more than 10 percent of the country's trade shortfall that year, according to new figures from the Office for National Statistics.The ONS is revamping how it calculates the size of Britain's economy and the way it measures British trade, bringing them into line with the latest international standards.It published new estimates of British trade data for ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln