Inflation rises to highest level in nearly half a century

Inflation rises to highest level in nearly half a century

Inflation in Belgium rose to its highest level in almost half a century in september. At the southern neighbours, the overall price level is now more than 11 percent higher than a year ago, an increase that has not been seen there since August 1975. Due to the persistently high prices for energy and food, life has been much more expensive not only in Belgium but in numerous countries for months than a year ago. Especially since the Russian invasion of Ukraine, inflation has risen rapidly. Belgians have now lost…

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Belgian labour cost rising faster than of the Eurozone’s

Belgian labour cost rising faster than of the Eurozone’s

Labour costs are rising significantly faster in our country than in our neighbouring countries. This becomes a problem for many companies, which in the long run will inevitably be reflected in fewer investments and jobs. Against this background, taking action for even stronger wage increases shows little sense of responsibility. Last week, the unions organized a day of action for higher wages. In doing so, they rather easily overlooked the fact that, according to the latest forecasts, gross hourly wages in Belgium will increase by 21 percent in 2022-2024. This…

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Dutch and Belgium fleets search for financial balance

Dutch and Belgium fleets search for financial balance

The Dutch navy has also drastically reduced its resources. While the maritime patrol force was disbanded in 2005 (the 13 P-3C Oriens were sold to Germany and Portugal), it was able to renew its helicopter fleet with 20 NH90s, including 12 combat ASMs. these machines, delivered between 2011 and 2016, succeeded the Lynx, which was decommissioned in 2012. The underwater component, once threatened, will eventually be preserved and regenerated. Four walruses, commissioned between 1990 and 1994, are being modernized to extend their lifespan by 25 to 35 years. The Netherlands…

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Volgende Kft: a new and promising player in the fintech market

Volgende Kft: a new and promising player in the fintech market

One of the most dynamically developing areas of business in the world in recent years is the so-called FinTech. In this article we will talk about one of the new players in this market – the Hungarian company Volgende Kft. The world is accelerating. Services are also accelerating. In particular, thanks to new technologies that enable a person to carry out absolutely any actions he needs in life online. Purchases, sales, delivery, bill payments – all this becomes easy to do through a computer or smartphone. The merit in this…

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DeFi is a monetary enemy #1, according to FRS

DeFi is a monetary enemy #1, according to FRS

Blockchain has been one of the biggest technological developments of recent years, but like any other new technology, it does not come without risks. the Federal Reserve conducted research on the risks that cryptocurrencies may pose in the future. In the study ‘Decentralized Finance (DeFi): Transformative Potential & Associated Risks’, the US central bank explains how Decentralized Finance (DeFi) but also ‘CeFi’ can still pose a major risk in the future. Companies trading in crypto-assets but not traditional financial institutions fall under the category of Centralized Finance (CeFi). In recent…

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European Central Bank considers substantial interest rate increase against inflation

European Central Bank considers substantial interest rate increase against inflation

European central bankers are considering raising interest rates faster to tackle high inflation. This is what President Knot of De Nederlandsche Bank says in an interview with the NOS. He calls for an increase of at least 0.5 percentage points and possibly even 0.75 percentage points in September. “The inflation problem in Europe at the moment is so great that I think our task is to raise interest rates every six weeks until the inflation picture stabilizes around 2 percent,” says Knot. Inflation in the eurozone averaged 9.8 percent in…

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Gasoline again below 2 euros and drops a little further

Gasoline again below 2 euros and drops a little further

Refueling with gasoline for less than 2 euros per liter is again possible in numerous places. And the price will continue to fall for a while. But the reduction in excise duty remains necessary. The price of crude oil has been falling steadily for more than 2.5 weeks, according to fuel expert Paul van Selms of United Consumers, the decline in the price of gasoline will continue for a while. “Maybe even 5 cents. But it’s uncertain. For example, if China blocks Taiwan, to name just one example, the price…

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Data security laws are the new arena of international competition

Data security laws are the new arena of international competition

The US Cloud Act has a major impact on European companies and cloud providers, even if they do not have an establishment in the US. To avoid hassle, affected cloud companies should always process data through a non-US company. This is written by the Amsterdam law firm Greenberg Traurig on the basis of a study commissioned by the National Cyber Security Center (NCSC), part of the Ministry of Justice and security. The agency outlines in detail what steps European companies should take in order not to be bothered by the…

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The idea of taxing oil superprofits emerges once again

The idea of taxing oil superprofits emerges once again

The energy crisis is raging. She has an impact on citizens, but brings super profits to oil companies. The question now is whether the governments should tax these colossal revenues additionally, for example to support the purchasing power of citizens. For several months now, energy prices and especially those of oil have increased enormously. In a year, the price of a liter of fuel has risen by 31 percent for gasoline and 39 percent for diesel, a situation resulting from the strong economic recovery and the war in Ukraine, which…

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Meta (Facebook) revenues are down due to weak demand for ads

Meta (Facebook) revenues are down due to weak demand for ads

Meta has for the first time set a lower quarter books compared to a year earlier. The company recorded sales of 28.2 billion euros last quarter, one percent less than the same period in 2021. Meta expects another decline next quarter. In total, revenue from the divested quarter decreased by $ 255 million. It is the first time that the company’s turnover is spinning, writes The Financial Times, among others. Instagram Instagram and Facebook facebook the decline is mainly due to Meta’s ‘family of apps’, which include Instagram and Facebook,…

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