Belgium Financial News

Israel in a resolution passed Friday that aims to help prevent rights violations against Palestinians amid Israel's blistering military campaign in Gaza. The 47-member-country Human Rights Council voted 28-6 in favor of the resolution, with 13 abstentions. The sweeping measure takes aim at an array of Israeli actions such as impeding access to water and limiting shipments of humanitarian aid into Palestinian areas. It also calls on U.N.-backed independent investigators to report on shipments of weapons, munitions and «dual use» items — that have both civilian and military applications — that could be used by Israel against Palestinians.

United Nations, India on Friday abstained in the UN Human Rights Council on a resolution that called for an immediate ceasefire in Gaza and also demanded that Israel immediately lift its illegal blockade on the strip. The draft resolution on the 'Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice' was adopted by the Geneva-based Council with a vote of 28 in favour, 6 against and 13 abstentions. India abstained on the resolution, along with France, Japan, Netherlands, and Romania among others. Those voting against the resolution included Argentina, Bulgaria, Germany and the US.

Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen, as per a Nikkei report. 

Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's founding Lorie family. IGI has most of its business in India and describes itself as the world's largest independent lab for testing and grading diamonds and other gemstones and jewelry.

buy India, sell China" has reached an inflection point for some investors. Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favourite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.

Western Europe has emerged as a leading region in global crypto adoption, attracting a substantial number of daily traders, ranging from 1.2 million to 1.5 million individuals.

Farmers are throwing beets and spraying manure at police as hundreds of tractors have sealed off streets close to the European Union headquarters

While NSE Nifty 50 Index’s monthly options expiring just after the election have risen slightly in value relative to shorter-term contracts as the world’s largest democratic exercise approaches, their premium over April is 61% smaller than it was before the May 2019 vote, data compiled by Bloomberg showed.

The United States and its liberal democratic allies may be facing off with authoritarian powers Russia, Iran and China as wars in Ukraine and Gaza inflame global rivalries. But to Islamic State, they’re all enemies of the Muslim faith that should be annihilated.

Belgian fashion designer Dries Van Noten says he will step down from his namesake brand at the end of June

The European Union's top diplomat says he's pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons for Ukraine

Covid was not supposed to get to Antarctica. If any place had a hope of keeping the virus out, it would be a continent with no permanent residents and an annual visiting population of only 5,000. And every control measure was in place—testing, a strict quarantine of everyone visiting, deep sanitation, masks and social distancing.

The European Union has announced a 7.4 billion-euro or $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores

Farmers have disrupted traffic around Europe’s second biggest port of Antwerp and two other Belgian harbors during yet another demonstration to protest against what they say is excessive environmental rulemaking

Queen Camilla, who was immortalised as one of the iconic dolls. «You've taken about 50 years off (me)… we should all have a Barbie,» the queen joked as she was presented with the doll modelled closely on her own image. Camilla, 76, whose cancer-stricken husband King Charles III has currently stepped back from royal duties, was presented with the gift in recognition of her work as president of the Women of the World (WOW) Foundation.

high-level panel on 'one nation, one election' studied election processes in six countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia, the Phillipines and Belgium. The panel led by former president Ram Nath Kovind submitted its report to President Droupadi Mumu on Thursday, 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.

By Amy-Jo Crowley and Emma-Victoria Farr

European Central Bank will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said. “We will probably cut rates in spring, and spring in Europe is from April to June 21," Villeroy said on France Info radio.

BRUSSELS (Reuters) — The European Central Bank will have to gamble soon with an interest rate cut even though wage inflation and price rises for services are uncomfortably high, Governing Council member Pierre Wunsch said.

Credit Suisse bankers have been showing up everywhere you could image, from ING to SMBC to Deutsche Bank. Now there’s a new place that’s hiring Credit Suisse people – BBVA.

FRANKFURT (Reuters) -The credit rating agency Moody's (NYSE:MCO) said on Thursday that it was downgrading its outlook for the banking sector in a number of European countries as weak economies erode profits.