Belgium Financial News

Teamsters working for Budweiser brewer Anheuser-Busch have voted to ratify a labor agreement with the company

Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand...

Farmers have clashed with police in Belgium, spraying officers with liquid manure and throwing eggs and flares at them in a fresh show of force as the European Union’s agriculture ministers met in search of ways to address the protesters’ concerns

Across the EU, those battling climate change and defending the environment feel they are ever more on the defensive

By Olena Harmash and Angelo Amante

Zelensky vowed Saturday that Ukraine would defeat Russia as the war entered a third year. «We have been fighting for this for 730 days of our lives. We will win on the greatest day of our lives,» Zelensky told an open-air anniversary event in Kyiv. «Any normal person wants the war to end. But none of us will allow Ukraine to end,» Zelensky said, stressing that the war must end «on our terms», with a «just» peace.

SpiceJet Ltd must strictly adhere to the deadline, the Delhi High Court on Thursday asked the low-cost airline to return leased engine to Engine Lease Finance BV, in Brussels, Belgium, at its own expense by March 10. It also asked Spicejet chairman and managing director Ajay Singh to file an affidavit within a week undertaking that the engine will be delivered on time without any further delay. The HC cautioned SpiceJet to take the deadline seriously while the lessor sought to initiate contempt proceedings against Singh if the engine was not returned as per the scheduled date.

European Union countries have agreed on a new package of sanctions against Russia

A government watchdog that wants everyone with a 401(k) plan to be able to see information on all their accounts in one place this week asked Congress to legislate a nationwide dashboard.

Polish farmers have blocked border crossings with Ukraine as they intensify nationwide protest against the import of Ukrainian foods and European Union environmental policies

Kirin Holdings is investing $25 million (about ₹205 crore) to buy an additional minority stake in B9 Beverages, the maker of craft beer Bira 91 and owner of pub chain Beer Cafe, executives aware of the development said. The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above. The person did not identify the investor. The fresh investments of $50 million (₹410 crore) are being done at a pre-money valuation of $600 million. Tokyo-listed Kirin Holdings had invested ₹570 crore in the beer company in late 2022, raising its stake to 20%, valuing the beer maker at $600 million. Launched in 2015, B9 Beverages sells craft, lager and strong beer across brands like Bira White, Gold and Boom. It has a presence in 24 countries and operates six breweries. Ankur Jain, B9 Beverages chief executive, and Rahul Singh, chief executive and founder of The Beer Cafe, could not be reached for comments.

Russian diamonds from the world’s affluent markets, a confused, volatile trade is feeling the pulls and pressures: a rigid rule pushed by Europe to probably regain its waning influence; the emerging voices of Africa and India opposing it; and, a new, different plan mooted last week in America, the largest market, which could make life easier for the trade amid the chaos of geopolitics. Trade sources told ET there was a glimmer of hope following a meeting last week between a US government official and the country’s leading jewellers who import diamonds mined across the world and polished in India and other countries. “It was indicated at the meeting that America could accept `self-certification’ from its jewellers that the diamonds imported into the country have no Russian links. Here, the process could be similar to the one applicable for American firms importing fish and seafood," said a senior industry person.

Wang was walking down the podium and Jaishankar was walking up the podium for a panel discussion with US Secretary of State Antony Blinken and German Foreign Minister. The two foreign ministers were seen engaging in an animated conversation. The impromptu interaction, after months of no communication, added intrigue to the diplomatic setting.

Europe's attempt to give workers at Uber, Deliveroo and other online platforms more social and labour rights failed a second time after France and three other countries abstained from voting on the watered-down political deal. Belgium, the current holder of the rotating EU presidency, is unlikely to muster enough support for yet another attempt, especially as the European Parliament which has to endorse a final deal, gradually winds down ahead of elections in June.

Farmers have always lived by the whim of nature, but fickle regulation they find more difficult to accept

(This Feb. 15 story has been corrected to change the launch date from 'March' to 'spring' in paragraph 5)

MILAN (Reuters) — Lancia on Wednesday revealed its new Ypsilon compact car, the first of three new models promised by the premium brand as part of a multi-year relaunch plan under which it will again sell vehicles outside its Italian home market.

Mandir in Abu Dhabi is witnessing an overwhelming influx of people, resonating with enthusiastic «Modi-Modi» chants, as they eagerly await the historic inauguration ceremony by Prime Minister Narendra Modi today. As the first Hindu temple in Abu Dhabi, the BAPS Mandir has become a focal point of cultural and spiritual significance, drawing devotees from various corners. The atmosphere is charged with excitement as the faithful gather in huge numbers to witness the culmination of years of dedication and hard work that have gone into the construction of this magnificent temple.

Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy

Mint explains: Beginning January, farmers from several member-nations of the European Union (EU)—Belgium, Bulgaria, France, Germany, Hungary, Italy, Poland and Spain—invaded cities with their tractors, burning tyres, dumping manure, raiding supermarkets, blocking access to ports and highways and choking city centres. They are protesting subsidy cuts, high energy prices, cheap grain imports from Ukraine, beef imports from Latin America, growing clout of big agribusiness and climate policies limiting the use of chemical inputs. It is a profitability crisis—due to higher farming costs and low produce prices.

LONDON (Reuters) — IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture retailer aims to unwind increases it introduced in 2022.