Crisis-hit Brazil announces spending cuts, tax hikes
Brazil economy
Brasília - Arab Today
Brazil announced steep spending cuts and tax hikes Monday in response to a deepening economic crisis that has already caused a shock downgrade of its credit rating.
Planning Minister Nelson Barbosa told a news conference that the initiatives would total 64.9 billion reais ($17.03 billion). The announcement came after Standard & Poor's cut Brazil's sovereign credit rating to junk last week.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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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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