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Beljium

Interface dives in for new Belgium brewing

BRUSSELS: A group of Interface employees are pictured on the company’s blog site in bathing suits in the Chattahoochee River in Atlanta holding carpet tiles that spell out, “We’re with you.” Why would employees from Interface, a company that makes modular carpet tiles, stand in their swimsuits holding a sign? They’re voicing support for New Belgium Brewing Co., which is ... Read More »

Russia food import embargo ‘catastrophic’ for France: European Parliament

BRUSSELS: The food import embargo Russia has imposed against countries that sanctioned it is a disaster for French farmers, France’s Member of the European Parliament Edouard Ferrand told Sputnik. MOSCOW (Sputnik) — The European Union, the United States and its allies imposed sanctions in Russia for its alleged involvement in the Ukrainian crisis. The allegations have been refuted by Russia. ... Read More »

Markets try to stabilize from recent spat of Chinese-inspired volatility

BRUSSELS: Stock markets stabilized or bounced back in Asia following Tuesday’s PBoC rate cuts; risk aversion recedes Market sentiment still remains fragile amid increase global volatility; Focus shifting to the Fed’s Jackson Hole symposium this weekend for rate guidance Sweden Aug Consumer Confidence (beat): 100.1 v 97.4e; Manufacturing Confidence (beat): 104.8 v 104.4e; Economic Tendency Survey: 104.5 v 103.0e. Sweden July Trade ... Read More »

Hungary wants more, less humiliating, EU funds to cope with migrants

BRUSSELS: Hungary wants more European Union funds to cope with the worst refugee crisis since World War Two, Prime Minister Viktor Orban’s chief of staff was quoted as saying on Tuesday. He said what was currently doled out was done in a humiliating way. Hungary is part of the European Union’s Schengen zone of passport-free travel and borders non-EU Serbia ... Read More »

GJD to exhibit at ADI Belgium expo

BRUSSELS: GJD, the Heywood based manufacturer of external detector equipment, infra-red and white-light LED illuminators, will be exhibiting on stand 27 at the ADI Belgium expo. Ana Maria Sagra-Smith, GJD International Sales and Marketing Director, commented: “We are happy to present our latest innovations at the ADI Belgium expo. It is also a great opportunity to meet with existing and ... Read More »

Belgium calls for review of Schengen visa-free travel zone

PARIS: Europe’s passport-free travel zone that allows people to move around the continent without checks must be reviewed in light of the foiled terrorist attack on a French train, the Prime Minister of Belgium has said. Charles Michel said Europe must consider reinstating identity and luggage inspections on international train routes in light of Friday’s botched attack, 30 years after ... Read More »

Belgium’s Solvay inks $5.5b deal to acquire composite materials major Cytec

BRUSSELS: Solvay has entered into a definitive merger agreement to acquire the US-based Cytec, one of the leading global players in composite materials and mining chemicals, for $ 5.5 billion. “The total cash consideration will amount to $5.5 billion, corresponding to an enterprise value of $ 6.4 billion and representing a 2015 estimated EBITDA multiple of 14.7x and of 11.7x ... Read More »

Demand for power in Belgium falls by 11.5% to 5.86 TWh during July

BRUSSELS: Demand for power in Belgium fell by 11.5% on the year to total 5.86 TWh during July, 0.76 TWh below last July’s figure but almost unchanged on the month, a Platts analysis of Elia data showed. The drop in demand was accompanied by a reduction in domestic output rather than a reduction in imports, which were largely unchanged on ... Read More »

Migrant focus switches to Belgian and Dutch ports

AMSTERDAM: Belgium and the Netherlands are being asked to help keep illegal migrants from British ports following a tightening of border security in Calais. Theresa May, UK home secretary, said on a visit to the French port she was concerned about migrants seeking alternative routes to avoid a joint police command set up in Calais to disrupt human trafficking gangs. ... Read More »

Axa chairman says exit from EU would damage Britain and Europe

BRUSSELS: A British exit from the European Union would be severely damaging for both parties and like a divorce, the head of one of the biggest insurers and chairman of the influential Bilderberg group has warned. Henri de Castries, chairman of Axa, said a so-called Brexit would “diminish both the status and influence of the UK” and leave the country ... Read More »

Dairy farmers block Liege airport in Belgium

BRUSSELS: Belgian milk producers, dissatisfied with low prices, have been blocking the entrance to Liege airport since Tuesday, trying to draw attention to their plight. The Belgian association of dairy producers is demanding an increase of four euro cents per liter – to 29 cents. Some of the more radical protesters say the optimal price which would save them from ... Read More »

European Commission investigating Turkey over seabass, bream subsidies

ANKARA: The European Commission has accepted a complaint from Spanish firm Apromar over subsidized Turkish seabass and bream damaging EU businesses, and is now conducting an investigation, reports Mispeces. As stated in the Official Journal of the European Union, the complaint was filed by Apromar on July 1. The firm is responsible for more than 25% of the total production ... Read More »

Brussels ‘fat cats’ spent millions through credit cards

BRUSSELS: Around 13,000 EU employees were given the credit cards – meaning they spent an average of £6,000 each in 2013. The majority of cardholders were based in Belgium but 143 UK-based officials spent £36,000 – or £250 each. As well as accommodation and food, officials can also claim for an “entertainment allowance” while on business. The staggering total does ... Read More »

Maverick’s partnership with technologies Inc to bring 84” and 42” smart kapp digital capture

BRUSSELS: Maverick’s partnership with SMART Technologies Inc will also bring the 84” and 42” SMART kapp digital capture board to the markets, designed for use in the corporate market as a digital flip chart that can share and save work in real time. Jon Sidwick, Vice President Maverick Europe commented: “Also we will be taking Smart Kapp and Smart Kapp ... Read More »

Electrabel halts operations at Tihange 3 nuclear reactor in Belgium

BRUSSELS: Electrabel, the Belgian unit of French utility Engie, has stopped operations of unit 3 at the Tihange nuclear power station located on the right bank of the Meuse River in the Belgian district of Tihange. A technical glitch on the electrical power supply occurred during maintenance period of control system, leading to automatic shutdown of the reactor on 13 ... Read More »

Google’s $6b Miscalculation on EU

BRUSSELS: As the global elite gathered at the World Economic Forum in Davos in January 2014, Google Executive Chairman Eric Schmidt and four other executives from the Internet search giant were meeting in a conference room at the newly opened InterContinental, a golden, egg-shaped structure nestled incongruously in the snowcapped Swiss Alps. They hoped to finalize a settlement with Joaquín ... Read More »

Philip Hammond says business as normal despite looming EU referendum

BRUSSELS: Philip Hammond says he hopes Singapore businesses will not put UK plans on hold ahead of EU membership vote. The United Kingdom’s looming referendum on membership of the European Union (EU) should not be a barrier to Singapore companies doing business there, Britain’s Foreign Secretary said. \Philip Hammond, who was here for Singapore’s Golden Jubilee celebrations, acknowledged that membership ... Read More »

Exit from EU would damage Britain and Europe: Axa chairman

BRUSSELS: A British exit from the European Union would be severely damaging for both parties and like a divorce, the head of one of the biggest insurers and chairman of the influential Bilderberg group has warned. Henri de Castries, chairman of Axa, said a so-called Brexit would “diminish both the status and influence of the UK” and leave the country ... Read More »

Google Executive Chairman miscalculates EU’s powerful competition czar

BRUSSELS: As the global elite gathered at the World Economic Forum in Davos in January 2014, Google Executive Chairman Eric Schmidt and four other executives from the Internet search giant were meeting in a conference room at the newly opened InterContinental, a golden, egg-shaped structure nestled incongruously in the snowcapped Swiss Alps. They hoped to finalize a settlement with Joaquín ... Read More »

EU wants to foster entrepreneurial culture to drive business and economic growth

BRUSSELS: The European Union has directed its attention towards fostering an entrepreneurial culture across the region. This is to be done through education, this being considered by the EU as a primary tool to achieve the transformation being aimed for. In order to embark on this educational initiative, the EU has launched a new platform known as The European Entrepreneurship ... Read More »