Eyewear: From futuristic to vintage

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  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, ...

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Resort fashion goes wild for prints

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  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 ...

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Saudi SALIC boosts investment in G3 Canada grain company

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  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 ...

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Gidea launches e-payment in Saudi

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  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 ...

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Nissan ‘green wheels’ to roll on Jordan roads

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  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 ...

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IMF revives recession warning for UK economy

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  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 ...

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Brexit or Bremain, Pound is set for big swings as vote looms

Pound falls over brexit fears

  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 ...

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German bond rally set to resume with UK referendum approaching

  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 ...

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Naftogaz seeks stronger sanctions on Russia to stop pipeline

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  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 ...

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S&P 500 posts worst week since April

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  Bloomberg Prices fell and volume surged in a week of heightened anxiety for U.S. investors, whose dreams of reaching a record high anytime soon all but faded away. A streak of six weeks without a 1 percent drop was broken as the S&P 500 Index dropped 1.2 percent to 2,071.22, the worst retreat since April. Shares slid on four ...

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