Word: frankfurt
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...security. Kurdish soldiers--or peshmerga, as they are known--sit in tall watchtowers posted on the perimeter, and civilian vehicles are kept outside the airport gates, where baggage searchers wear ski masks to hide their faces. Flights from the new Kurdistan Airlines and other carriers arrive directly from Istanbul, Frankfurt, Dubai and Beirut. Austrian Airlines will add a Vienna flight next month...
...told him I'd get in touch again, and called a few days later to say there was an urgent need to meet." The men never did re-establish contact and on Jan. 26 - less than two weeks later - Mittal called Dollé on his mobile phone at Frankfurt airport while he was checking in for a flight to Toronto. The message: Rotterdam-based Mittal Steel would be announcing the following day a formal $22.6 billion takeover bid for Arcelor, one of the largest hostile bids in European history...
...huge problem. The combined company would be three times the size of its nearest competitors, with a 10% share of the world steel market, but Mittal and Arcelor don't have many territorial or product overlaps that could cause problems with regulators. Hermann Reith, analyst with BHF-Bank in Frankfurt, says he reckons the chances of the deal going through are now more than 50%. "We will look at this issue, as always, very carefully on competition grounds only. The regulation gives us no power to question mergers for other reasons," said Neelie Kroes, the E.U.'s Antitrust Commissioner...
...Finding Balance in the Global Economy,” was chaired by Financial Times commentator Martin Wolf. Other participants included Palaniappan Chidambaram, the Indian finance minister; John A. Thain, chief executive of the New York Stock Exchange; and Jean-Claude Trichet, president of the European Central Bank in Frankfurt...
...here to stay. They're also keen to fire a shot at governments in France, Germany and elsewhere that have allowed budget deficits to soar. "I won't lean out of the window and shout that this will wreck the recovery," says Stefan Schneider at Deutsche Bank Research in Frankfurt. If he's right - and if Trichet is telling the truth about a limited increase - then the ECB decision may be the clearest sign yet that Europe's long-awaited upturn has arrived...