499,813 workers collected temporary unemployement in January: Onem

499,813 workers collected temporary unemployement in January: Onem

Some 499,813 workers were collecting temporary unemployment in Belgium in January 2021, according to figures published on Monday by the National Employment Office (Onem). That corresponds to a 330.4% jump compared to January 2020 and is explained by the measures against the coronavirus that still keep some sectors slow or even stopped. Compensated unemployment increased by 10.8% on an annual basis. Last January, 366,205 fully compensated unemployed job seekers received an allowance in Belgium, which is 35,650 more than in January 2020.

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Parimatch comments on possible IPO, shares thoughts on the market perspectives with The Times

Parimatch comments on possible IPO, shares thoughts on the market perspectives with The Times

Parimatch, one of the leading bookmakers in xUSSR plans an IPO. Although the date isn’t yet set it may present opportunities for a wide range of investors. The prospects seem amazing as the legislation in Ukraine is getting more favourable. Dominic Walsh from The Times has recently written an article on online bookmaker and IT company from Ukraine, Parimatch. He states, that “she has been dubbed the Ukrainian Denise Coates”. Like the Bet365 chief executive, Katerina Belorusskaya has helped to turn a conservative betting shop business into a cutting edge…

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HSBC to focus on the main market after profits dived 34 percent

HSBC to focus on the main market after profits dived 34 percent

More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from. HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China despite concern about the political crackdown in the former UK colony. The bank said on Tuesday that pre-tax profit was down from $13.3bn (£9.4bn) in 2019 to $8.8bn in the 12 months to 31 December, while the adjusted…

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Microstrategy Is Not For Microsoft and 20 Crypto Jokes

Microstrategy Is Not For Microsoft and 20 Crypto Jokes

As bitcoin (BTC) soared over USD 55,000 this week, American politicians engaged in a high-stakes crypto pledge wars, while MicroStrategy raised over USD 1bn for its bitcoin purchases. The world’s largest asset manager, BlackRock, started “to dabble a bit’’ in bitcoin, even though Microsoft said it has no plan to follow in Tesla’s footsteps. Amongst those who do have a bitcoin strategy was an unlikely duo of German Deutsche Bank and cannabis company SynBiotic, and PwC researchers found that the move also interests several Mexican companies. Lottery Giant 500.com acquired…

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Belgium economy to spend two more years in pain and misery before it will fully recover

Belgium economy to spend two more years in pain and misery before it will fully recover

It is expected to take until 2023 before global trade returns to the level before the coronavirus crisis. That is what the economists at Euler Hermes write in a new macro-economic study. Belgium is among the worst cases in Europe: countries like Germany, the Netherlands and Sweden will recover faster. The global economy has suffered a severe blow: the experts at Euler Hermes expect a contraction of at least 4.7% in 2020. Global trade will fall by 15%. The energy sector has been particularly hard hit. The metal industry, the…

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TUI will not fly outside the Europe for Easter holidays

TUI will not fly outside the Europe for Easter holidays

Tour operator TUI has cancelled all its journeys to non-European destinations until the end of April, and therefore also during the Easter holidays, the company announced on Friday. Due to the uncertainties of what will be possible for travellers during the Easter holidays (Saturday 3 April to Sunday 18 April), all long-distance flights will be cancelled until the end of that month. “At the moment, there are few prospects that we can fly to non-European and distant destinations in April,” TUI Belgium spokesperson Sarah Saucin confirmed to The Brussels Times….

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Domino’s and Deliveroo announce Belgian expansion plans

Domino’s and Deliveroo announce Belgian expansion plans

As Belgium’s restaurants continue in lockdown with hardly a prospect of revival in sight, two of the major companies involved in takeaway food have announced major expansion plans. From today, Takeaway courier service Deliveroo will operate in three new markets: Aalst and Sint-Niklaas in East Flanders and Tournai in Hainaut province. And that is just the beginning. At the same time, the company has announced plans to add 15 more towns and cities to its coverage this year. Deliveroo does not provide food of its own, but it does offer…

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Parliament committee approves controversial share tax bill

Parliament committee approves controversial share tax bill

The federal parliament’s finance committee has approved a bill that would impose a special tax on share incomes of more than one million euros. The bill was passed by ten votes to six, reflecting its controversial nature. Opponents, representing the richest of shareholders, argue the threshold is arbitrary and therefore discriminatory. Others warn that the new tax will simply encourage those with extensive share portfolios to seek offshore and tax-free ways to hide their income from the tax authorities. The tax would be introduced at 0.15% on all holdings worth…

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Christmas hamsters push Tesco sales to the records

Christmas hamsters push Tesco sales to the records

Tesco saw “record” sales over Christmas as customers spoiled themselves in lockdown with online orders of deluxe range products. UK like-for-like sales were up 8.1% in the six weeks to 9 January as the supermarket saw a 14% jump in demand for goods in its Tesco Finest range. Sales of vegan Christmas alternatives also surged, it added. Big grocers have benefited at a time when non-essential shops and restaurants are closed due to Covid. Tesco said customers had “looked for more opportunities to treat themselves” as the UK faced strict…

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FTSE 100 suffers worst year since financial crisis

FTSE 100 suffers worst year since financial crisis

Pension savers and investors’ nest-eggs have been hit as the UK’s leading share index had its worst year since the height of the financial crisis. The FTSE 100 index fell 14.3% over the year, marking its worst performance since 2008, when it slumped 31.3%. Despite the poor performance, the blue-chip index has recovered significantly since the start of the global pandemic when it was a third lower than now. Analysts have said that next year is likely to be better for investors. “The factors which worked against the FTSE-100 in…

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