Chris Wright

Mittal stands by bid for Arcelor

Mittal Steel chief executive Lakshmi Mittal said on Thursday that opposition to his hostile takeover bid for European steelmaker Arcelor could not weaken the "industrial logic" of his plan which would protect European jobs. The bid by Mittal would create by far the biggest steel group in the world, accounting for 10% share of global steel production.

Tears, dignitaries at Madrid memorial

Political leaders from around Europe joined the Spanish royal family on Wednesday in attending an emotionally charged mass for the 190 identified victims of the March 11 bombings in Madrid -- amid fears that similar terror could strike other capitals.

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