Word: luxembourgers
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...Luxembourg's Musée d'Art Moderne Grand-Duc Jean has almost everything a modern art museum could want: a prime location overlooking the nation's capital, a dramatic new building designed by renowned architect I.M. Pei and an expected deluge of art-hungry visitors. Luxembourg is one of this year's European Capitals of Culture, and a new TGV fast-train line from France opens in June...
...tried to outlaw the habit with its Foreign Corrupt Practices Act of 1977, which makes it unlawful for any American firm to make a corrupt payment to a foreign official. But that was long the exception; many other rich countries simply turned a blind eye. In Germany and Luxembourg , bribes used to be tax deductible. In many countries, and for many firms, bribes were just the way things were done...
...locally owned steel industry as a sign of economic strength, but even so, the reaction to a company thought of as Indian buying up metalworking assets was extraordinary. It went far beyond any limits of supposed industrial logic and, at times, involved attacks of a distinctly ugly nature. In Luxembourg, where Arcelor is based, Prime Minister Jean-Claude Juncker called for "a reaction that is at least as hostile" as the bid, and parliament considered a new merger law that would block the deal. In Paris, Finance Minister Thierry Breton lambasted Mittal's decision to make an unsolicited bid, accusing...
...timing was brilliant: worldwide demand for steel has been soaring because of massive demand from China and other fast-growing economies, and with it so has Mittal's net worth. By 2005, his personal fortune was estimated to be $25 billion - more than twice the size of Luxembourg's annual budget. Before the takeover, Mittal Steel was based in the Netherlands (as a result of the merger, the headquarters is moving to Luxembourg), and quoted on the London Stock Exchange. Mittal lives in London, in a 12-bedroom mansion in Kensington Palace Gardens for which he paid a cool...
...Laurent?have expressed interest. Bonpoint, the quintessential Parisian brand, is known for meticulous detailing and classics with a fizz in sizes 0 to 16. The company is both desirable and underexposed, and the Pinaults are well placed to observe the little consumers-in-training?their family mansion near the Luxembourg Gardens overlooks Bonpoint's palatial new flagship store...