Joint euro bond would get weakest link's rating
Alpbach - Arabstoday
Standard & Poor's Managing Director of European Sovereign Ratings Moritz Kraemer said that the rating of a common euro-area bond would reflect that of the "weakest" country if jointly guaranteed. "If it is a joint and not a several guarantee, then it would be the weakest link approach," Kraemer said at a conference in Alpbach, Austria yesterday. "My understanding is that it's a joint bond similar to the jumbo bonds in Germany," where smaller federal states that don't have enough issuance volume "gang together" and "everyone guarantees just his own bit," he said. Kraemer said S&P wasn't in talks with the European Union on a potential issue.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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