Belgium Financial News

Pope Francis suggested Sunday that Israel's attacks in Gaza and Lebanon have been «immoral» and disproportionate, saying its military domination has gone beyond the rules of war. Francis was asked en route home from Belgium about Israel's targeted killing of one of Hezbollah's founding members, Hassan Nasrallah. Friday's strike in Beirut targeted an area greater than a city block and reduced several residential buildings to rubble, and at least six other deaths have been confirmed. Francis didn't mention Israel by name and said he was speaking in general terms. But he said that «the defense must always be proportionate to the attack.»

Pope Francis implored bishops not to cover up the sexual abuse of children, during an open-air mass on Sunday that capped a three-day visit to Belgium, which is still struggling with the legacy of past scandals. Gathered in bright morning sunshine, about 40,000 faithful, some waving Belgian and Vatican flags, packed the King Baudouin stadium north of the capital to hear the 87-year-old pontiff. «There is no place for abuse, there is no place for covering up abuse,» Francis said during a homily.

ChrysCapital is looking to create an investment platform as it closes in on at least two bakery-patisserie and dessert chains, Theobroma Foods and Belgian Waffle Co., at a combined valuation of around Rs 3,200-3,500 crore, said people aware of the development. It has a 60-day window to submit a binding offer for Theobroma and is aiming to finalise the terms of acquisition of Bloombay Enterprises, which owns and runs Belgian Waffle, for around Rs 1,000 crore in the next 30 days, said the people cited above. Bloombay is owned by husband-and-wife founders Shrey and Alisha Aggarwal and investor Marathon Edge Partners, which holds a 22% stake. Final Rounds of Diligence ChrysCapital, which is seeking to raise $2-2.2 billion for its tenth fund—its largest till date—is competing with EQT Partners for the Theobroma buyout and is in the final rounds of diligence. ChrysCapital returned over $7 billion from 80 exits and deployed $4.5 billion in over 100 investments.

At Paris Fashion Week, Nicolas Di Felice’s latest offering for Courrèges took the audience into a futuristic, space-age world, with models circling a black abyss inside the Carreau du Temple in Paris’ Marais

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NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Queen Mathilde of Belgium, Prince Harry, Duke of Sussex, UN Agency Heads and other dignitaries met survivors and advocates for ending violence against children in New York on Sunday night (22 September). They are in New York for the UN General Assembly, where world leaders have come together for its 79th session (UNGA 79).

Mehul Choksi, are seeking to get him back to India from Belgium, where he has been spotted, said people with knowledge of the matter. One of the two prime accused in the $2-billion Punjab National Bank (PNB) fraud, Choksi-otherwise resident in Antigua-has proven elusive and is said to have to come to the European country for medical treatment, thus providing the agencies an opportunity to get hold of him. After getting wind of his visit, the Central Bureau of Investigation (CBI) sought the immediate detention of Choksi, said the people cited above. With Belgium seeking a formal extradition request, the Indian authorities are working on the process so that Choksi can be held and eventually brought to India, they added.

Kyiv: The European Union (EU) pledged on Friday to lend Ukraine up to ₹35 billion ($39 billion) as part of a loan package organised by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia's frozen central bank assets would be used as collateral, but progress in distributing the loans has been slow. «We should make Russia pay for the destruction it caused,» European Commission President Ursula von der Leyen told reporters at a news conference in Kyiv with President Vlodymyr Zelenskyy in Kyiv. Von der Leyen said that the EU has already provided Ukraine with more than ₹118 billion euros ($132 billion) in military and economic assistance since the war began in February 2022, «but Russia's relentless attacks mean further support is necessary.»

Union cabinet's approval for 'one nation, one poll' has set the ball rolling for what is, indeed, an ambitious venture. If the proposal is passed by Parliament, India will join an exclusive club. Only three countries — Belgium, Sweden and South Africa — have ONOP.

Subscribe to enjoy similar stories. Stellantis and Volkswagen posted significant drops in August new-car registrations in the European Union, contributing to a sharp overall decline as demand weakened in key markets and electric-vehicle sales fell. Consumers in core markets of Germany, France, Italy and Spain drove an 18% on-year drop in the bloc’s monthly registrations, which reflect sales, the European Automobile Manufacturers’ Association said Thursday.

election processes in seven countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India, according to the committee's report approved by Union Cabinet on Wednesday. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia and the Phillipines. The panel led by former president Ram Nath Kovind had submitted its report to President Droupadi Mumu in March recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.

Germany has begun random checks at its borders with five Western European nations, expanding a system of controls already in place at its four other borders

Trade unions and thousands of disgruntled workers are demonstrating in the Belgian capital to protest the threat of massive layoffs in a state-of-the-art Brussels car factory and other key industries

Helicopter crews ferried down scores of tourists stranded atop of one of Switzerland’s most popular mountain resorts on Friday after a mudslide a day earlier cut off road access until next week

manufacturing facility being set up in Kakinada, Andhra Pradesh, a top official of the Belgium-headquartered engineering company said. It aims to be the lowest cost manufacturer of electrolysers and plans to use the India plant an export hub, Francois Michel, chief executive of John Cockerill Group, said. The company also plans to expand its operations into steel, energy and defence, and triple its workforce in two years, he said.

Verlinvest, investment vehicle of the Belgian family behind the world’s largest brewer, AB-Inbev, is poised to invest Rs 200 crore (about $24 million) in Blue Tokai Coffee Roasters, at a Rs 1,200-crore ($143 million) valuation — double that from a year-and-a-half ago, said people in the know. Existing investor Hemendra Kothari’s family office and Anicut Capital are also expected to join the homegrown specialist coffee chain’s Rs 250-crore round, with the residual amount comprising a mix of primary and secondary sale of shares, the people said. The round will be the 11-year-old company’s largest raise, as a battle brews between some of India’s top business houses and upstarts.

The biggest meme coin on The Open Network (TON), $DOGS, rallied 21% in the early hours today, after news yesterday that Telegram CEO and Toncoin creator Pavel Durov was released on €5 million bail by French authorities.

American businessman John Textor has confirmed his intention to sell his stake in Crystal Palace so that he can buy fellow Premier League club Everton

United States has emerged as India's top trading partner in January-June this year, while the country has recorded its highest trade deficit of $41.6 billion with China during the period, think tank Global Trade Research Initiative (GTRI) said Friday. India exports goods to 239 countries of which 126 countries showed positive growth in exports. Imports from Russia grew to $34.4 billion from $30.8 billion, a 11.65% increase. It also said the country's merchandise exports rose 5.41% to $230.51 billion during the first half of 2024, led by sectors like iron ore, pharmaceuticals, precious stones, basmati rice, chemicals, and smartphones.

India's holding of US government securities touched a high of USD 241.9 billion in June as the country continued to increase its exposure for the third straight month. Japan was the top holder with securities worth over USD 1.11 trillion followed by China at the second spot with a holding valued at USD 780.2 billion in June, according to the latest data released by the US Treasury Department. At the third place was the United Kingdom with an exposure of USD 741.5 billion ahead of Luxembourg at the fourth position with a holding to the tune of USD 384.2 billion. Among the countries and jurisdictions, India was at the 12th place owning American government securities worth USD 241.9 billion in June, higher than USD 237.8 billion value recorded in May.