ING posts 1Q2021 net result of €1,005 million

ING posts 1Q2021 net result of €1,005 million

1Q2021 result before tax of €1,463 million; capital position remains strong at 15.5% • Net interest income up on 4Q2020, supported by the benefit from TLTRO III, which more than offset liability margin pressure. • Robust growth in fee income of 9.1% year-on-year, especially on investment products. • 1Q2021 had a low level of risk costs. Expenses were under control, but included some incidental costs due to restructuring. Lending and customer deposits increase • Net core lending growth of €17.8 billion in 1Q2021 as TLTRO funds were applied to support…

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Belgium’s most biodiverse nature reserve under threat

Belgium’s most biodiverse nature reserve under threat

Ever since the old Schaerbeek-Josaphat marshalling yard fell out of use in 1994, nature has slowly taken back the site. The result is an unparalleled, urban nature reserve known as “Friche Josaphat”: the most biodiverse place in Belgium. Because the site is not accessible to the public, insects, birds, and mammals such as foxes, have begun calling this wild cityscape their home. Biologists were astounded to find more than 1200 animal species on the mere 24 hectares of land. One-third of the 360 wild bee species that are found in…

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Kenes Rakishev to send innovative batteries to a space mission

Kenes Rakishev to send innovative batteries to a space mission

Kenes Rakishev, one of the early investors in StoreDot Israeli startup, has reasons for a celebration. NASA has approved a series of experiments that will be done at the International Space Station. StoreDot company hopes that the experiments will help in further development of 5-minute XFC batteries. Kenes Rakishev and the team hopes that it will bring eXtra Fast Charging batteries closer to everyday use in Electric Vehicles. One of the companies Kenes Rakishev invested in, StoreDot, a maker of fast-charging battery technology for smartphones, drones and electric vehicles, said…

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Euro 2020 prepares for the matches with fans

Euro 2020 prepares for the matches with fans

The Euro 2020 which was delayed to this Summer is preparing for games with spectators. So far, eight of the twelve host cities have guaranteed their matches will be attended by spectators. Philipp Lahm, head of the organising committee, said on Sunday that the German Foootball Federation (DFB) hopes to be able to host Euro 2020 matches billed for Munich in an Allianz Arena filled to half capacity. “There are different scenarios,” the former Bayern Munich and national team captain, said on Antenne Bayern radio. “I don’t think 100% capacity…

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UK on verge of beer shortage as brewers struggle to keep up with demand

UK on verge of beer shortage as brewers struggle to keep up with demand

Pub and restaurant terraces have reopened across the whole of the UK, and in combination with sunny weather and the expanding of people’s social bubble, this has led to pubs and brewers struggling to keep up with the demand for beer. After three months of closed doors, pubs in England hit record sales of beer, wine, and sparkling wine, which were 113% higher on 12 April, when they opened up their terraces, than on the same day in 2019, the last comparable date before the pandemic took hold. Ahead of…

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Belgium could vaccinate 16-17-year-olds during summer holidays

Belgium could vaccinate 16-17-year-olds during summer holidays

People aged 16 and 17 could potentially receive their coronavirus vaccination during the summer holidays, according to a proposal by the Vaccination Task Force. This scenario is currently being discussed by the task force, which is preparing an opinion on the Covid-19 vaccines for children and adolescents, De Morgen reported on Monday. “That minors who want to be vaccinated should be able to do so has been obvious for a long time,” says Pierre Van Damme of the University of Antwerp, a vaccinologist and member of the Task Force. “In…

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Vestager accuses Apple of abusing its role as gatekeeper in music streaming market

Vestager accuses Apple of abusing its role as gatekeeper in music streaming market

The European Commission accuses Apple of abusing their position as a gatekeeper in the music streaming market. In its ‘statement of objections’ the Commission says music streaming app developers who want to reach Apple device users (iPhone, iPad) have to use Apple store and are charged a 30% commission fee on all subscriptions. They are also obliged to follow Apple’s ‘anti-steering provisions’, which limit developers from informing consumers of alternative purchasing possibilities outside of apps. Executive Vice President Margrethe Vestager, in charge of competition policy, said: “Our preliminary finding is…

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Tax policy: EU solutions to prevent tax fraud and avoidance

Tax policy: EU solutions to prevent tax fraud and avoidance

Fair taxation is a priority for the European Parliament. Find out how it wants to tackle issues such as tax avoidance, tax fraud and more, Economy. Tax policy, including the fight against tax fraud, has become a hot topic over the past decade due to journalistic investigations such as LuxLeaks, the Panama Papers, Football Leaks, Bahamas Leaks and the Paradise Papers, which revealed tax leaks and tax havens. They led to increasing unhappiness about damaging tax practices, particularly after the recession and the resulting budget constraints. Unpaid taxes result in…

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