Word: luxembourgers
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...year proved, it already has a crop of companies - Infosys, Jet Airways and Mittal Steel - whose leaders are trying to become the next masters of the universe. Indeed, while Davos was in full swing on Friday, Mittal Steel made an audacious j18.6 billion bid for Europe's steel champion, Luxembourg-based Arcelor. Naturally, such predictions depend on a huge number of assumptions that could easily be wrong. Both nations could be derailed by geopolitical instability or Western protectionism. Both need to overcome enormous regional disparities of wealth and spread their growing prosperity more evenly among their populations. Davos...
While much of corporate Europe shut down last week, top officials at the Luxembourg steel company Arcelor were working harder than ever. In the space of just seven days starting Dec. 22, the firm bought a 50% stake in two Costa Rican firms and snapped up 20.5% of a Turkish steel company. By far its biggest move came on Dec. 23, when ceo Guy Dollé announced a $4.2 billion hostile takeover bid for Canada's leading steel producer Dofasco, topping an agreed offer by Germany's ThyssenKrupp. Arcelor is trying to reduce its heavy dependence on the European market...
Like the Anderson films (specifically “Rushmore”) it imitates in miniature, the video is self-consciously quirky in the extreme. The captions which narrate the action include such phrases as “Sanctions were imposed” to refer to the beleaguered representative of Luxembourg being refused access to the lunchroom...
Transferred to a conflict with a representative of Luxembourg over (oddly anachronistic—a slingshot?) trivialities, the video makes its point loud and clear without causing blunt force trauma from hammering it home...
...sometimes seem to need all those armies and tanks just to keep the peace. This year, rivalries appear to have metastasized. Under the new British proposal, the 10 new member states would get a total of €14 billion less than they would under a plan put forward by Luxembourg in June. Alberto Navarro, Spanish Minister for European Affairs, saw it as evidence of "a new concept of solidarity ? by which the poor give to the rich, especially to the U.K." What particularly rankled the French was that under the proposal Britain would continue to get most of its rebate...