Word: madrid
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...intelligence and counterterrorism experts, the U.S. and its allies have made significant strides in keeping al-Qaeda off balance. Better coordination among intelligence services around the world has led to several major busts, including the liquidation of the terrorist cell suspected of carrying out March's train bombings in Madrid. Western agencies that once ignored websites, chat rooms and other communications channels used by extremists are now tapping them effectively to pick up chatter. "They've gotten good at not only picking up possible messages between plotters but analyzing information more quickly to determine what is just radical railing...
...time when markets there are especially volatile. So in buying Abbey, Botín was seeking diversification. "The acquisition will balance Santander's risk while buying a bank with a critical volume that will allow it to reach the mass market," says Javier Bernat, an analyst with stockbroker Caja Madrid Bolsa. Botín said he would be able to wring cost savings of €450 million from Abbey as well as increasing revenues by €110 million, for a total of €560 million in increased earnings by 2007. This could mean sweeping job cuts at the British lender...
...emergency food in the region and in neighboring Chad, where 200,000 people have taken refuge. "We need to stop the attacks," says Lynn Heinisch, of U.S. aid group CARE, "and get them food, medicines and shelter before it's too late." Getting Closure SPAIN A judge investigating the Madrid train bombings charged a Lebanese man in connection with the attacks. Mahmoud Slimane Aoun was detained on suspicion of involvement with other suspects accused over the bombings. And an Italian court approved the extradition to Spain of Rabei Osman Sayed Ahmed, an alleged mastermind of the attacks that killed...
Former Spanish Prime Minister Jose María Aznar has been touring South America promoting his memoirs, Eight Years in Government. But back home, Spaniards are up in arms about events barely covered in the book. The panel investigating the government's response to Madrid's March 11 terrorist attacks, in which 191 people died, continues to turn up indications that while still in power, Aznar's government blamed eta for the attacks, even though the evidence pointed to al-Qaeda. Last week, Civil Guard General José Manuel García Varela told the panel that...
...sigh of relief. According to a report by the International Air Traffic Association (IATA) released last month, global air-traffic levels in the first five months of this year have been 8.8% above those of 2000, the last normal year for the industry (before SARS and terrorism struck). The Madrid-based World Tourism Organization (WTO), a United Nations agency, echoes the good news. It expects tourism to grow 5% in 2004. The WTO reports that France is the most popular tourist destination this year. Asia is also rebounding from last year's devastating SARS season: compared with 2003, Asian airlines...