Relaxnews Grace Wales Bonner has been named the LVMH ‘Young Fashion Designer 2016′ for her label Wales Bonner. The 25-year-old British designer wins €300,000 to take her budding label to the next level, as well as benefiting from a year-long support program from the luxury brand’s team. “I feel quite emotional,” the former Saint Martin’s student told Relaxnews after ...

  Relaxnews The French luxury brand Chanel has unveiled its autumn/winter 2016-2017 eyewear collection with three distinct inspirations — Urban Chic, Vintage and Futuristic — each different, but in perfect harmony with the season’s ready-to-wear collection. Each of Chanel’s three new lines of frames has its own distinctive style. The models mostly come in darker colors, with a few livelier, ...

  Relaxnews Abstract, animalistic, floral or pretty; take your pick — prints are about to have a major moment. Say goodbye to head-to-toe monochrome and graphic colorblocking — the resort 2017 collections have spoken, and pattern is top of the list for next season. As fashion rules go, this one is rather liberating. If you veer towards starker, minimalist fashion ...

  Winnipeg / Reuters Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Limited, according to a filing, reducing Bunge Ltd’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co (SALIC), bought 50.1 percent of ...

  Dubai / Emirates Business Gidea Technology Company launched a new service to the payment sector market in Saudi Arabia, which facilitates the linking system of electronic for Saudi banks with UnionPay network “the global payment network that serves the world’s largest cardholder base” through the Saudi Payments Network System (MADA) in cooperation with the Saudi Arabian Monetary Agency. It ...

  Dubai / Emirates Business Nissan has signed a historic Memorandum of Understanding (MoU) with the Greater Amman Municipality in Jordan as part of a landmark initiative to provide the Kingdom with its first 100 Nissan LEAF and Nissan e-NV200 electric vehicles (EVs). The vehicles, to be supplied by Bustami & Saheb (BSTC), Nissan’s exclusive distributor in the Kingdom, will ...

  Bloomberg The IMF weighed in once more with its thoughts on Britain’s referendum, warning the U.K. could slide into a recession if it quits the EU. In a 64-page document, the Washington-based fund said that the size of the hit would depend on a multitude of factors, though its overall assessment is that the U.K. “would likely be worse ...

  Bloomberg It’s almost upon us: the week when Britain takes the historic decision of whether to remain in the EU. And whatever the polls say in the days to come — and regardless of the result on June 24 — the pound is set for a wild ride. One-week anticipated volatility surged to the highest on record, posting the ...

  Bloomberg The surge in demand for sovereign debt that drove yields on German government bonds to record lows this week is poised to resume before the U.K. referendum on EU membership on June 23. While yields on the Germany’s 10-year bunds halted a three-week decline on Friday, they dropped below zero on June 14 for the first time on ...

  Bloomberg The U.S. and the European Union should impose stronger sanctions against Russia to kill the country’s plan for a natural gas pipeline supplying Germany because it would raise prices for consumers and jeopardize energy security, said Andriy Kobolyev, chief executive officer of National JSC Naftogaz of Ukraine. Naftogaz, Ukraine’s state oil and gas company, is calling on the ...