Monday , April 12 2021
Breaking News


China injects €156 billion into economy

The Chinese central bank announced it will inject 1,200 billion yen (156 billion euros) into the Chinese economy, which is struggling because of the viral pneumonia epidemic. The transfer will take place on Monday, when the Chinese financial markets will reopen after the long Lunar New Year holiday. The holiday was extended because of the coronavirus. The bank issued a ... Read More »

New Portuguese tax could affect thousands of Belgians pensioners

Portugal will introduce a flat tax rate on the income of foreign pensioners, rolling back a generous tax break which drew thousands of Belgians to settle in the country. Foreign pensioners living in Portugal have benefitted from a scheme introduced in 2013 under which they were exempted from paying income taxes for a period of ten years. The tax scheme ... Read More »

Belgian Companies In Las Vegas

Among others, the Flemish contingent includes MoNoA, a product that raises your body temperature and analyses your movements to gauge your stress levels. You simply attach it to your watch or bracelet. By anticipating stress-related symptoms, it optimises well-being. The product is much more than a simple gadget, as Stijn Bogaerts explains: “For people with disabilities who are not always ... Read More »

Belgian customs officer suspended for posting ‘hate speech’ on YouTube

A Belgian customs officer was suspended last week after the Federal Public Service Finance department discovered that the individual concerned had a YouTube channel on which he posted anti-Islam, homophobic and conspiratorial videos. The man posted a video back in 2015 in which he called homosexuality an “abomination” and a “perversion,” RTBF explains. In a video posted in 2016, the ... Read More »

Italian police detain Albanian wanted in Belgium for people smuggling

He was detained when he was on his way to visit his girlfriend the Italian regional ‘Corriere di Siena’ reports. The police knew that the man would turn up sooner or later in the village of Monteroni d’Arbia not far from the Tuscan city of Siena. The man’s friends were shadowed in case he visited them. The 29-year-old is suspected ... Read More »

Brussels business property market registers record year

2019 was a record year for the business property market in Brussels, business property consultancy Jones Lang Lasalle (JLL) reveals. The business occupancy rate is at its highest level since 2007 and availability is at a historically low level in the “central business district (CBD),” among others. The vacancy rate is estimated to be 7.2% (compared to 7.8% last year), ... Read More »

Brussels man jailed for human smuggling of Vietnamese nationals

A Bruges court has sentenced a Brussels man to over 30 years in prison after he was found guilty of people smuggling activities by arranging transport of Vietnamese nationals. The 45-year-old man, identified as a Brussels resident of Vietnamese origin, was sentenced by the Bruges correctional court to 37 months in jail, one of them suspended, Bruzz reports. The man ... Read More »

Global debt reaches new record high of 250,000 billion dollars

The global debt reached a new record high of 250,000 billion dollars in the first semester of 2019, according to the American International Finance Institute (IIF). This new record represents 240% of the global GDP. China and the United States are responsible for 60% of this new increase in the global debt. The IIF warned that the global debt is ... Read More »

Two Liege residents caught trying to steal beer crates from InBev site

Two men were arrested for attempting to steal from the InBev site in Ans the Liege Prosecutor’s office revealed. The two Liege residents were apparently trying to steal beer crates. Police discovered the vehicle the suspects used was stolen two days earlier. One of the suspects was also carrying a knife. The two men, who have multiple convictions for theft, ... Read More »

Police arrest 10 migrants at Brussels Gare du Nord station

The federal police in Brussels arrested 10 migrants on evening at around 7:30 PM at Gare du Nord station in Brussels. Seven of the migrants, all of whom are male, are from Eritrea, two from Ethiopia and one from Sudan. Two of them are minors. “According to the police, they were at Gare du Nord station without being in possession ... Read More »

Belgium Cabinet Approves Draft Bill to Introduce Brexit Transitional Tax Provisions

The Belgian Council of Ministers Oct. 18 approved a draft bill to introduce transitional tax provisions for various transactions between Belgian and U.K. businesses and residents in anticipation of Brexit. The draft bill includes measures that would provide a transitional period for: 1) insurance benefits in contracts concluded on or before Dec. 31; 2) withholding tax exemptions for remuneration due ... Read More »

Record of 2 million speeding tickets issued in first half of 2019 in Belgium

For the first time, over two million speeding tickets have been issued in Belgium in the first six months of the year. The total number of reports was 2,066,903 according to the federal police, meaning that about 11,419 reports were issued daily, reports Sudinfo. Over the same period in 2018, ‘only’ 1,927,763 speeding reports were made. The majority of the ... Read More »

Belgian State bilked of 208 million euros

The State of Belgium reimbursed over 208 million euros in withholding taxes to foreign pension funds that had no right to the pay-outs, Knack magazine reported. A British court confirmed to the Flemish weekly that one person had been arrested recently under a Belgian investigation into the presumed fraud. The Brussels Office of the Public Prosecutor has been conducting an ... Read More »

Global economic growth “threatened”, departing IMF chief says

Global economic growth is “fragile” and “threatened”, especially due to trade disputes, the departing Executive Director of the International Monetary Fund (IMF) Christine Lagarde said on Thursday in an exclusive interview with AFP. Lagarde urged for increased dialogue between word leaders to attempt to “resolve uncertainties,” referring to the trade war between the USA and China that weighs on global ... Read More »

15 arrested in France and Belgium for cigarette smuggling

The French Judicial Police (Police Judiciaire), with the support of the Belgian Federal Judicial Police (Police Judiciaire Fédérale) and Europol, swooped on the members of a Russian-speaking organised crime group behind an illegal cigarette smuggling business. As a result of this action day, 15 individuals were arrested, including the ringleaders, and 2 million cigarettes were seized. The stings follows a ... Read More »

Asylum applications in Belgium up 19% in 2018

A total of 23,443 requests to the Foreign Office for international protection were filed in 2018, an increase of 19% compared to the previous year, according to the annual report of the Commissioner-General for Refugees and Stateless Persons (CGRS). Still much lower than the 44,760 recorded in 2015. The CGRS explains last year’s increase in the number of applications being ... Read More »

Drug suspects trapped in container call Antwerp police for help

Two suspected drug traffickers were forced to call the police on themselves after they were locked in stifling heat in a shipping container packed with cocaine at the port of Antwerp. The two men, aged 24 and 25, had to make an emergency call to the police, during which they said they had been “trapped” while trying to take possession ... Read More »

Sports Direct shares plunge after retailer reveals £605m tax bill

Sports Direct shares crashed as much as 27 per cent after Mike Ashley’s company revealed a £605m unpaid tax bill for House of Fraser, which it bought out of administration last August. The company’s share price later recovered some lost ground but remained more than 9 per cent down by 9.40am. Sports Direct repeatedly delayed releasing its results on Friday ... Read More »

Orange Belgium revenues up 1.9% in Q2, EBITDA grows 18% as cable business turns positive

Orange Belgium reported second-quarter revenues up 1.9 percent to EUR 319 million, as 9.6 percent growth in retail services offset lower MVNO revenues. EBITDA jumped 18.2 percent year-on-year to EUR 79 million, helped by cost control and improvements in its growing cable business. The company maintained its outlook for the full year, for a small increase in revenue and flat ... Read More »

Number of illegal residents rises in Belgium, falls in other EU countries

The number of people found in Belgium without legal residence peaked in 2018, almost reaching migration-crisis figures as it dropped in other EU countries, according to new Europol data reported in local media. While the data shows that Belgium is in the top eight countries in the European Union with the highest number of people without legal residence, the figures ... Read More »