ECB definitely does not exclude the recession in Europe

ECB definitely does not exclude the recession in Europe

Last week, the European Central Bank (ECB) raised its key interest rate in order to slow down the ever-rising inflation. Such a higher interest rate also has consequences for us and can even lead to a recession. The higher interest rate – the ECB raised it by 0.5 percentage points-has everything to do with ever-rising prices. The price increase in the eurozone came to 8.6 percent in June, well above the central bank’s 2 percent target. By pulling the interest rate lever, the ECB hopes to extinguish the inflation fire….

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Unilever reports less sales, more profits

Unilever reports less sales, more profits

Unilever sold fewer products in the past six months, but earned more. By raising prices themselves, the London food giant suffered little from inflation. “Unilever has delivered half a year that builds on our momentum from 2021, despite the challenges of high inflation and lower global growth,” said Alan Jope, Unilever CEO. The London food giant saw sales increase in the US and Indian markets in particular. Internet sales also increased significantly. Sales in a third major market, China, lagged, mainly due to Corona lockdowns in that country. Sales volume…

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Second-generation migrants are worried about possible conflict between law and religion

Second-generation migrants are worried about possible conflict between law and religion

In Flanders, 9 percent of second-generation citizens from outside the EU believe that the law may be violated in the event of a conflict between law and religion. It is striking that the group in the second generation is even slightly larger than in the first generation (8.5 percent). The difference is even greater in Brussels. 13.2 percent of the second generation think that the law may be broken in such a case, compared to 7.6 percent of the first generation. There are also Flemish and Brussels residents of Belgian…

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AEX weakly rebounded from recent loses

AEX weakly rebounded from recent loses

The Amsterdam Stock Exchange was slightly higher on Tuesday morning. Around the eleven o’clock clock, the AEX rose 0.6 percent to 711.17 points. “Bond and equity investors are divided by predominantly positive business figures, but negative macroeconomic developments,” SEB analysts said. “In the run-up to the Federal Reserve’s interest rate decision tomorrow and U.S. growth figures on Thursday, investors remain close to home.” According to Corpay analysts, the market expects the Fed to push through a 75 basis point rate hike this week, while many also expect policymakers to recognize…

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Belgium signs controversial treaty with Iran

Belgium signs controversial treaty with Iran

A new treaty between Iran and Belgium will allow the repatriation of captured terrorists, whom Tehran will then almost certainly release. Belgium is waving the white flag over terrorism. Last week, the Belgian parliament voted to ratify a treaty with Tehran that will allow Iranians convicted of crimes in Belgium to serve their sentences in Iran and vice versa. However, the treaty also allows amnesty. There is little doubt that Tehran will release its terrorists, who are now held in Belgian prisons. One of them is Asadollah Asadi. He was…

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Even Belgium is against Brussels’ plan to ditch natural gas

Even Belgium is against Brussels’ plan to ditch natural gas

Belgium does not agree with the European proposal to reduce gas consumption by 15 percent in the coming months. The European energy ministers will soon meet in Brussels, where they will normally give the green light to the European Commission’s plan. Europe’s intention is to better prepare all member states for winter, if Russia were to shut off the gas tap altogether. The Commission is calling on member states to reduce gas consumption by 15% for eight months from 1 August. This proposal came quite suddenly, and soon there was…

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