Word: charleroi
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...East has its voice - and won't lose it again. - By James Graff Haunted House BELGIUM In a case that has transfixed the nation, the trial of admitted child rapist and alleged child murderer Marc Dutroux convened for a day at his house in Marcinelle, a suburb of Charleroi. His two surviving victims...
Rough Landings Ahead After the European Commission's ruling last week that discounts granted to Irish budget airline Ryanair by Belgium's publicly owned Charleroi airport constituted illegal state aid, CEO Michael O'Leary cried: "We consider this...
Michael O'Leary, Ryanair's rambunctious CEO, claimed last week that the Commission, after a yearlong investigation, has already decided that the company's 15-year deal with Charleroi is illegal. He vowed that, pending an appeal, Ryanair would quit Charleroi, saying the decision "will benefit only one group: high-cost airlines and airports," and that the ruling was a "death sentence" for the low-cost model in Europe. But even in an industry where hot air is used to keep business aloft, O'Leary's words seem mostly designed to put last-minute pressure on the Commission. European Union...
...Charleroi, a grimy, working-class town in southwest Belgium, was big in the Industrial Revolution. Its mines once churned out 10 million tons of coal a year. All that's left of that heyday are 62 slag heaps. Even covered in grass, they're not what you'd call a tourist attraction. Yet approximately 2 million people a year come to this forgettable place - thanks to a revolution in Europe's airline industry. In 2000, Irish discount flyer Ryanair agreed to make an international hub of Charleroi's airport, when the town shaved standard landing charges from...
...when that may come; the E.U. is looking into Ryanair's deal with another airport, Belgium's Charleroi. Says O'Leary: "It'll either mean there's a future for low-cost airlines or it will shut [us] all down." Online Trading Like It's 1999 You might have thought that online stock brokers had disappeared along with the Furby. But surprise: the rebounding stock market is lifting the online brokerage boats into real profits. Says Angus Rigby, vice president of U.K. online broker, TD Waterhouse: "We've learned which costs to cut, and now an uptick in [trading] volume...