At BNP Paribas Fortis, according to the socialist trade union BBTK, 2500 jobs are on the way. The largest bank in Belgium would like to reduce its employment with…
Monthly Archives
February 2019
Airline Insel Air is bankrupt. The court in Willemstad on Curaçao has determined that appeal on Tuesday. The court refused to approve the creditors’ agreement around the Curaçao company.…
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The American department store chain Macy’s is going to cut down the upper management in order to save costs. Macy’s reported this when announcing results, without revealing concrete figures…
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Canadian Barrick Gold, the world’s largest gold producer, has launched a hostile takeover bid for the US company Newmont Mining. The bid has a value of almost 18 billion…
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ArcelorMittal in Saudi Arabia is ‘technically in default’
26th February 2019 Matthew Patridge
The Saudi steel pipe factory Al Jubail, of which ArcelorMittal is joint owner, is struggling with problems. According to ArcelorMittal’s annual report, the joint venture has been ‘technically in…
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World trade volume decreased by 1.7 percent in December last year compared to a month earlier. This is evident from the monthly World Trade Monitor of the Netherlands Bureau…
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Negotiators from the EU and the United Kingdom meet again on Tuesday in an attempt to break the stalemate on the Brexit agreement. The European Commission communicated this after…
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US President Donald Trump expects to meet his Chinese counterpart Xi Jinping soon. Together they could then put the finishing touches of a trade agreement between the two economic…
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In IT, Innovation and Startups
Brussels: agreement to take over E-plus in disarray
24th February 2019 David Stevenson
The European Commission suspects Telefónica Deutschland of failing to comply with certain agreements regarding the takeover of E-Plus in 2014. This is what makes EU commissioner Margrethe Vestager aware…
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Support for KLM boss Pieter Elbers within his own ranks is impressive. According to chief executive Ben Smith of parent company Air France-KLM, not every driver in the aviation…