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632 million euro affiliated with Russian entities are frozen and arrested

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The Netherlands has so far frozen more than 632 million euros in Russian assets and held back more than 274 million euros in Russian transactions. This is what Minister Wopke Hoekstra of Foreign Affairs writes in a letter to the House of Representatives. About two weeks ago, the counter stood at 516 million euros in frozen funds and 155 million in blocked transactions. At the end of March...

DNB and Belgium froze billions in Russian assets

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The Netherlands has now frozen more than 200 million euros in Russian money, president Klaas Knot of De Nederlandsche Bank (DNB) told Nieuwsuur on Thursday. According to him, the amount will increase a little further. It involves money from individuals and companies to whom sanctions were imposed after the Russian invasion of Ukraine. Last week, the counter was still at 6 million euros, but that...

Durable goods order rise faster than expected

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New orders for durable goods in the US rose faster than expected in January. This was revealed Friday by figures from the US government.
Orders were up 1.6%. An increase of 0.8 percent was expected in advance.
In December, orders rose by a revised 1.2 percent.
Without means of transport, including cars, orders increased by 0.7 percent. Excluding defense orders, orders increased by 1.6 percent.

Pyramid construction starts in Paris, causing frustration and protests

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In the south-west of Paris, work has begun on the construction of a skyscraper that will look like a triangular pyramid. The construction of the Tour Triangle met with a lot of resistance in Parisian politics. Interest groups and local residents also objected to it. Despite the protests, construction started on Thursday. The building, which has been talked about since 2008, is expected to be...

Rejected seed potato harmful for Scottish exporters

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A valuable cargo of first-class Scottish seed potatoes has reportedly been refused in Egypt. As a result, the traders face a loss of an estimated 1.5 million. Sources report that 1,500 tons of Hermes seed potatoes from five or six suppliers are currently trapped in Alexandria, after the cargo was refused by Egyptian authorities for failing to meet the December export date by one day. According to...

South African rand dives amid rumors about the new mutation

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The Rand rate, the South African currency, went down sharply against leading currencies such as the dollar on Friday. The new coronavirus variant, which has been discovered in the country and differs in many ways from the current prevalent Delta variant, led to nervousness among traders. The rand-dollar exchange rate dropped to the lowest level of the year. The value of the coin has been under...

Less work results in less work stress: isn’t it a bright discovery?

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The number of employees who suffered from a burnout decreased last year. At the end of 2020, 1.2 million Dutch employees suffered from burnout complaints. The year before that there were 1.3 million. The pandemic, which broke out in March 2020, was expected to increase stress at work. However, the opposite appears to be the case, although there are undoubtedly exceptions in, for example...

German industry fell 1.1 percent m/m

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Production of German industry fell unexpectedly in September. This was shown on Friday by figures from Destatis, the German statistical office. Production, adjusted for seasonality and working days, was 1.1 percent lower in September than in August. Production was expected to increase by 1.0% on a monthly basis. In August it was also a 3.5% decrease. On an annual basis, industrial production was...

Pork markets at their lows as demand weakens

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October was not the best month for the pork market at the CME in Chicago. Physical pig prices in the United States are also under pressure. The CME-December contract concluded on Friday 31 October at $ 0.76 per pound (=0.45 kilos). At the beginning of the month, the futures market recorded $0.92. This represents a decrease of 17%. Physical market prices are also under pressure. For example, the...

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