Fresh increase in benchmark price of eggs

Fresh increase in benchmark price of eggs

The national benchmark price of eggs in Belgium, set each week at an auction in Kruishoutem, West Flanders, went up by 2.5% on Wednesday. For battery-cage eggs, the increase topped 5%. The price of eggs had already gone up by 6% last week in the wake of the crisis sparked by the contamination of eggs with the insecticide Fipronil, since producers and business people felt that the foreign demand for eggs, mainly in the Netherlands and Germany, would continue to rise. The price of a white egg coming from a…

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Vehicle sales: gas outstrips diesel for first time in 20 years

Vehicle sales: gas outstrips diesel for first time in 20 years

No fewer than 156,413 gasolene-powered vehicles were sold in Belgium in the first half of 2017, the Belgian Car and Cycle Federation, Febiac, announced on Thursday. It added that, for the first time since 2011, this was more than the number of vehicles with diesel motors sold -150,021 units. The market share of vehicles powered by gas thus amounted to 48.5% as against 46.5% for diesel-powered vehicles. “The movement away from diesel on the market has become more pronounced,” said the Febiac, explaining that the trend began around 2011, when…

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Ghent University researchers discover bio-vaccine for plants

Ghent University researchers discover bio-vaccine for plants

Bio-engineers have succeeded in protecting wheat and rice from illnesses thanks to green leaf volatiles similar to those given off by freshly cut gas, the University of Ghent reported. The scientists, who are from the university’s Faculty of Bio-engineering, found that the substances, produced by the plants themselves, increased their resistance. They have described their discovery as a “a type of vaccination for plants”. “Freshly cut grass gives off a specific smell,” explains researcher Maarten Ameye. “This odour comes from the substance that a plant produces when attacked, for example…

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Former aide calls Brexit minister lazy, incompetent, liar

Former aide calls Brexit minister lazy, incompetent, liar

The ex-chief of staff of British Brexit minister David Davis, James Chapman, lashed out at his former boss on Twitter on Wednesday, calling him lazy, a liar and clueless. Davis “has been working three-day weeks since day one,” Chapman added on his Twitter account. “He lies” on Brexit and “he and the PM [Prime Minister Theresa May] don’t have the first idea what they are doing”. Chapman, a former political journalist at the Daily Mail in London who held the post of chief of staff from the referendum on Britain’s…

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FSMA warns against irregular trading of binary options

FSMA warns against irregular trading of binary options

Belgium’s Financial Services and Markets Authority, FSMA, warned on Wednesday that operators have been irregularly offering binary options on the Belgian market. Since 18 August 2016, no investment company, licensed or not, is authorized to offer binary options on Belgian territory, the FSMA recalled in a communique. Moreover, any company that wishes to offer investment products must have a license, the market authority said, adding that the offending actors “are not complying with the abovementioned rules”. “Consumers who have invested in these companies have never recovered their money, so this…

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FA under pressure to explain £80,000 payment to Eni Aluko after bullying complaint

FA under pressure to explain £80,000 payment to Eni Aluko after bullying complaint

The Football Association is facing questions over why it paid “hush money” to international footballer Eni Aluko after it emerged that a bullying complaint against the England manager, Mark Sampson, included an allegation that he made a remark with “racial and prejudicial connotations” to another player. Aluko, one of England’s most recognisable female footballers with 102 caps, was paid around £80,000 to sign an agreement that the FA claims was to “avoid disruption” ahead of this summer’s Euro 2017. Aluko’s lawyers believe that the agreement she signed prevents her from…

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Belgium attracts relatively few highly qualified immigrants

Belgium attracts relatively few highly qualified immigrants

According to a study released on Wednesday by the Institute for Labour Economics in Berlin, Belgium attracts relatively few highly qualified immigrants. The share of highly qualified immigrants to Belgium is relatively low (24% of the total immigrant population) compared to many other OECD countries. This number hasn’t increased between 2001 and 2011. According to the study, the countries which attract the highest share of qualified immigrants are Canada (55%), Great Britain (48%), Australia (43%) and Ireland (39%). While The Netherlands and France also stand at 24% and Germany at…

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Mark Stoneman’s debut against West Indies offers chance of Ashes place

Mark Stoneman’s debut against West Indies offers chance of Ashes place

Mark Stoneman feels his Test debut against West Indies under lights this Thursday is justification for his winter move from Durham to Surrey as he prepares to become the latest batsman to try to crack the puzzle that is being Alastair Cook’s opening partner. At 30 years of age Stoneman will become the oldest specialist batsman to be handed a first England cap this century, and the hope from the selectors now is that this seasoned left-hander’s additional experience comes off in the three-match Investec series and ends the seemingly…

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Rail fare increase signals light at the end of the tunnel for UK inflation

Rail fare increase signals light at the end of the tunnel for UK inflation

Rail commuters facing a steep 3.6% increase in ticket prices might find it tough to accept but there is light at the end of the tunnel for UK inflation. Rising prices have been one of the big economic stories of the past 12 months, but for the past two months the financial markets have been surprised by the weakness of cost-of-living pressures. The reason for that is simple: the two factors that have been driving inflation higher since the summer of 2016 – higher global oil prices and the sharp…

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IMF warns China over ‘dangerous’ growth in debt

IMF warns China over ‘dangerous’ growth in debt

China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil. The IMF used its annual health check on the world’s second biggest economy to stress that faster expansion in 2017 was coming at the cost of a jump in private sector debt and an increasing use of complex financial instruments. While the IMF increased its forecast for Chinese expansion in 2017 from 6.2% to 6.7%, it stressed that this was the result of the authorities…

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