Models walk the runway during the Schiaparelli haute couture autumn/winter 2017-2018 in Paris. Photo by Pascal Le Segretain / Getty Images
Models walk the runway during the Schiaparelli haute couture autumn/winter 2017-2018 in Paris. Photo by Pascal Le Segretain / Getty Images

Haute Couture Week in Paris: the highlights so far



Haute Couture Week is under way in Paris. Twice a year, a few dozen fashion houses gather to outdo one another, showcasing the very best of their artistic and technical prowess, and creating collections that, sadly, most of us will never own. The very definition of closed, haute couture is available only to the few women who can afford it, and created by the few houses invited to join the newly renamed Fédération de la Haute Couture et de la Mode.

The autumn/winter 2017-18 presentations will take place until July 6, with some of the really big shows, such as Chanel, occurring later in the week.

Highlights from the runways so far included Ronald van der Kemp delivering a slightly madcap collection that, at first glance, looked too bright and colourful for couture. Closer inspection revealed that the patchwork elements were made from vintage fabrics, and some of the most eye-catching prints were, in fact, made from floating, embroidered flowers.

Atelier Versace delivered an exceptionally restrained and refined collection that felt like a newer, sleeker direction for the brand. Beautifully cut, exquisitely executed and understated in tone, this collection is sure to be gracing many a red-carpet event in the future.

Schiaparelli gave us an evolution of dresses, with 33 pieces that moved from crisp mini-dresses to full-blown chiffon, before coming back to a mini-skirted and corseted bride. With shocks of pink (a staple of the house) and pops of surreal imagery, it was everything we could hope for.

Chinese designer Guo Pei embraced the glamour of bygone eras with a procession of shimmering gowns. Moving through a palette of the softest blush to green and teal, before coming right back to inky black, it was an utterly charming collection.

See the Weekend edition of The National on July 7 for full coverage of this week's haute couture shows.

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Australia World Cup squad

Aaron Finch (capt), Usman Khawaja, David Warner, Steve Smith, Shaun Marsh, Glenn Maxwell, Marcus Stoinis, Alex Carey, Pat Cummins, Mitchell Starc, Jhye Richardson, Nathan Coulter-Nile, Jason Behrendorff, Nathan Lyon, Adam Zampa

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The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
  • The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
  • The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as  Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

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Match info

Costa Rica 0

Serbia 1
Kolarov (56')

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000


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