Trade war: what is it and which products are affected?

Trade war: what is it and which products are affected?

The trade war between the US and other major economies escalated on Friday after Washington and Beijing imposed punitive import tariffs on each other’s goods worth $ 34 billion. While economists say the consequences of a spat between the world’s two largest economies can be contained for now, there are fears that Donald Trump’s stance on trade could cause serious damage to the global economy. What is a tariff? Tariffs are border taxes charged on foreign imports. When a government or economic bloc (such as the EU) imposes a tariff…

Read More

National lottery wants to “open a chain of stores”

National lottery wants to “open a chain of stores”

The national lottery of Belgium wants to open its own stores for the sale of its products, and has already started to search for locations in Antwerp, Ghent, NAMUR and liège, Gazet van Antwerp and Het Nieuwsblad reported on Friday, based on information in the national Bulletin of tenders. When asked about this, The National Lottery explained that it wanted to be closer to the lottery players. The stores would also be used to pay out medium wins, from 2000 to 25,000 euros, discreetly. “The aim is certainly not to…

Read More

Greece is on the right track, but the economic situation is contradictory

Greece is on the right track, but the economic situation is contradictory

Greece is on its way to economic recovery after its third aid is completed next month, according to a key official responsible for providing financial assistance to the Euro area countries with financial problems. Klaus Regling, director of the European Stability Mechanism and its temporary predecessor the European Financial Stability Facility during the height of the financial crisis, was interviewed in German newspaper Handelsblatt. He was quoted by Greek centre-right newspaper Kathimerini on Wednesday (4 June) as criticizing the Greek government and its former finance minister Yanis Varoufakis for having…

Read More