Ryanair CEO urges unions to cancel the strike

Ryanair CEO urges unions to cancel the strike

Ryanair CEO Michael O’leary urged the airline’s unions to cancel the strike scheduled for Friday. Speaking on Wednesday at a news conference in Diegem, he said the strike was being held even lthough the low-cost Irish carrier had recognized the unions, agreed to switch to local contracts and accepted to apply local laws in 2019. He urged the unions to call off the strike which, he said, was not supported by the vast majority of Ryanair employees. The press conference was held two days before the planned date of the…

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US Federal Reserve raises short-term interest rates again

US Federal Reserve raises short-term interest rates again

The US Federal reserve raised short – term interest rates again on Wednesday, the eighth such move since 2015, as the Central Bank moves to unwind years of historically low rates. After a two-day meeting the Fed announced a quarter percentage point rise in its benchmark rate to a range of 2% to 2.25%. The rate is used to set credit card, mortgage and loan rates and will trigger rises across the board for consumers. The increase is the third rate rise this year and comes as US unemployment has…

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Air Belgium will cease its connection Charleroi-Hong Kong

Air Belgium will cease its connection Charleroi-Hong Kong

Air Belgium we will announce the end of its flight between Charleroi and Hong Kong, according to the newspaper L’avenir. The paper noted that an official company announcement will be made today. The route, which had just started on 6 June, was the first long-distance connection from the Charleroi airport. The connection is expected to be stopped in early October. On the reasons for the discontinuation, a source cites a “change of business model”, without wanting to comment further. Air Belgium had hoped to transport 500,000 passengers in one year…

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The EU will create a special body to continue trade with Iran

The EU will create a special body to continue trade with Iran

Europe will create a special body to be able to continue to trade with Iran, especially oil, and avoid U.S. sanctions, said on Monday evening, the UN chief diplomat of the European Union (EU) Federica Mogherini. “In practical terms this will mean that EU member States will set up a legal entity to facilitate legitimate financial transactions with Iran,” Mogherini said after a meeting held to discuss ways to save the 2015 international agreement on Iran’s nuclear programme following the U.S. withdrawal from the pact in May. “This will allow…

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Scientists worry about the foundations of the welfare state

Scientists worry about the foundations of the welfare state

Sixteen University professors have come together to warn against the damage that unemployment benefit reforms can cause. The warning came in an open letter published on Monday in Le Soir and the Standaard and signed by renowned academics from Belgian universities – Francophone and Flemish – and the London School of Economics. The academics feel it is extremely risky to make unemployment benefits more degressive, as was decided this summer under the Jobs Deal, a Government programme aimed at dealing with skills shortages. They note that there is no scientific…

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Belgium is short of small change

Belgium is short of small change

There is currently a 1 and 2 cent coin deficit in Belgium, and the European Central Bank has banned the production of additional coins. The problem arose because of many of us just put our change in the piggy banks and piggy banks. The Federal financial service is considering measures, including the launch of a campaign to exchange thousands of coins at 1 and 2 cents, which we have at home, in an attempt to solve this problem. Meanwhile, the Federal Economy Minister Kris Peeters (Flemish Christian democrat) has a…

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Is the money laundering scandal at Danske Bank the largest in history?

Is the money laundering scandal at Danske Bank the largest in history?

The Russian-speaking caller refused to give a name, but the threat was clear “do you really feel like you can safely go home at night?” It was 2013 and officers at the Estonian branch of Danske Bank were beginning to realise they had taken on some very unpleasant customers. After a tipoff, a member of staff had travelled to Moscow and started asking questions. The team was trying to trace the identity of people hiding behind anonymous corporate vehicles, which had opened accounts and were now using them to transfer…

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Air Belgium suspends flights to Hong Kong

Air Belgium suspends flights to Hong Kong

Air Belgium has announced that it will suspend flights to Hong Kong during the winter season. The airline operates a long-term connection with Hong Kong from Charleroi airport in Hainan province. Speaking at a press conference on Friday afternoon, Nike’s CEO Terzakis told reporters that the route was not being scrapped. Flights from Charleroi to Hong Kong will resume next March. Despite the suspension of the Hong Kong route that started up in June of this year, Air Belgium still intends to start up new routes to China before the…

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Could a Dutch prison ship be used to accommodate transit migrants?

Could a Dutch prison ship be used to accommodate transit migrants?

The Federal government reported that it was considering using a Dutch prison ship to accommodate migrant workers. RT News learned from a reliable source that the government is considering renting a vessel from the Dutch authorities. However, the prison ship will not be available for the next 6 months and will not address immediate issues related to transit migrants. Transit migrants are at the top of the agenda of Friday morning’s meeting of the Federal Cabinet. Ministers need to find a workable solution to housing the transit migrants before they…

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Apple: Ireland collects over €14 billion in” unowed ” taxes

Apple: Ireland collects over €14 billion in” unowed ” taxes

The Irish government announced on Tuesday having collected the sum of €14.3 billion from the giant Apple. The sum corresponds to fiscal advantages believed by the European Union (EU) to be “unowed”, and which have been placed in a blocked account. The Irish Minister of Finances, Paschal Donohoe, explained in a communiqué that during the second and third quarters Apple deposited the amount in this account. The sum corresponds to €13.1 billion in assumed state aid, in addition to €1.2 billion in interest. In April, Ireland signed an agreement with…

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