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Belgium Economy

The U.K.’s planned exit from the EU will have a “small” negative impact on the bloc’s economy, although it will prove more damaging to countries such as Ireland, the Netherlands and Belgium that have closer links with Britain, the IMF said.
www.wsj.com | 7/19/18

Donald Trump seemed to ruffle quite a few feathers at the G7 Summit.

While attending the annual meeting with America’s closest allies in Charlevoix, Canada, Trump didn’t appear to be on the friendliest footing with many of his fellow world leaders.

On Friday, after vigorously shaking hands with French President Emmanuel Macron — with whom he’s previously held hands, sparking bromance speculation — visible white marks could be seen on the 71-year-old commander in chief’s hand.

During the interaction, Trump commented that Macron would be “very tough” to beat at “arm wrestling,” according to CNN.

However, Trump also seemingly dismissed any rumors of bad blood between the pair, adding, “He’s my friend. We’ve had a great relationship right from the beginning.”

RELATED: French President Emmanuel Macron Says His Now Infamous Handshake with Trump Was a ‘Moment of Truth’

Of course, the two leaders are no strangers to sharing complicated handshakes. In May 2017, when the pair met in Belgium ahead of a NATO summit, they locked hands for several seconds, with each man appearing to refuse to be the first to let go.

Confirming there was more going on in that moment than just shaking hands, according to the Associated Press, Macron later told a French newspaper, “My handshake with him, it wasn’t innocent.”

“One must show that you won’t make small concessions, even symbolic ones, but also not over-publicize things, either,” Macron said of the now viral moment, adding that it was “a moment of truth.”

RELATED: Ivanka Trump & Jared Kushner Party with Stanley Cup as President Heads to High-Stakes Nuclear Summit

Trump also arrived late on Saturday’s breakfast gender equality meeting, prompting several of the guests who had arrived earlier — including International Monetary Fund director Christine Lagarde and German Chancellor Angela Merkel — to give him critical looks.

According to a pool report, during his opening remarks, Canadian Prime Minister Justin Trudeau seemingly referenced Trump’s absence when he said that “any stragglers will come in as they arrive,” CNN reported.

Trudeau also subtly highlighted Trump’s absence in a series of photos he posted of the event, in which the president’s empty chair at the table is visible.

RELATED VIDEO: PEOPLE Writer Natasha Stoynoff Breaks Silence, Accuses Donald Trump of Sexual Attack

Although Trudeau has been critical of Trump in the past, during the prime minister’s first meeting at the White House in 2017, he expressed his commitment to having “a constructive working relationship with the incoming American administration.”

Trudeau has also spent some time with the president’s daughter Ivanka Trump, who serves as an adviser to the president, attending summits together and even taking in Broadway shows. The pair have also created a women’s business group together: the Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders.

Much was also made of a photo showing Merkel leaning on a table while speaking with Trump, who was sitting on the other side with his arms crossed.

Although she described the photo as a “spontaneous meeting between two working sessions,” on Instagram, many social media users have taken the photo as proof that tensions exist between Trump and the other world leaders.

Wrote one social media user, “Our president, the petulant child.”

Taking a more humorous approach, actor Patton Oswalt added, “When you smelt it but you won’t admit you dealt it.”

When you smelt it but won’t admit you dealt it. pic.twitter.com/dfKO7BjbMj

— Patton Oswalt (@pattonoswalt) June 10, 2018

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Our president, the petulant child. pic.twitter.com/TkhuKNcsje

— John Dingell (@JohnDingell) June 9, 2018

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My God, this G7 is producing a hell of a set of images.
Has Angela Merkel placed Trump on the naughty seat? pic.twitter.com/yMIJr1nE1U

— John O'Brennan (@JohnOBrennan2) June 9, 2018

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Seemingly referencing comments Trump made during the summit about how the U.S. was “not going to deal” with other leaders who refused to lower their trade barriers with the U.S., Sen. John McCain also spoke out against Trump.

“To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values. Americans stand with you, even if our president doesn’t,” he said.

To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values. Americans stand with you, even if our president doesn’t.

— John McCain (@SenJohnMcCain) June 10, 2018

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While Trump landed in Singapore on Sunday to attend a second political meeting — the highly anticipated summit with North Korean leader Kim Jong Un about the nation’s potential denuclearization — Ivanka Trump and her husband Jared Kushner dined in Washington D.C. on Saturday night and happened to run into Washington Capitals captain Alexander Ovechkin, who strolled in with some teammates and their recently won Stanley Cup.

people.com | 6/10/18

Discovery and the PGA Tour have struck a massive $2 billion deal for tournament rights outside of the United States through 2030. That’s a lot of green — and we’re not just talking about the putting surfaces.

The pricey (and lengthy) alliance, which tees off next year, will result in about 2,000 hours of content annually and nearly 150 tournaments, including The Players Championship, the FedExCup Playoffs, and the Presidents Cup. It will grant Discovery the exclusive non-U.S. television and multiplatform rights to all PGA Tour golf events by 2024 — here is a timetable for implementation:

Date
Markets
2019
Australia, Canada, Italy, Japan, Netherlands, Portugal, Russia, Spain
2020
Poland, South Korea
2021
Belgium, China, Germany, South Africa
2022
Denmark, Finland, India, Norway, Sweden, UK
2024
France

Also Read: Former 'Deadliest Catch' Skipper Blake Painter Found Dead at 38

About those multiplatform rights: Together, Discovery and the PGA Tour will develop a new PGA Tour-branded OTT video streaming service to serve 220 markets and territories.

“Today is a fantastic day for golf fans around the world as Discovery proudly partners with the PGA Tour to create something that has never been done before,” David Zaslav, president and CEO, Discovery, said. “The long-term partnership between the PGA Tour and Discovery will create the new global Home of Golf, including delivering over 2000 hours of live content year-round and this prestigious sport’s greatest moments, stories and athletes. Following our successful first Olympic Games in PyeongChang, Discovery will contribute its strong global distribution and promotional infrastructure, in-market relationships, global sports expertise with direct-to-consumer platforms and brands to create a valuable new long-term Home of Golf offering in every market outside the U.S.”

“This is an exciting next step for the PGA Tour, which presents a tremendous opportunity to accelerate and expand our media business outside the United States, better service our international broadcast partners, and drive fan growth with a deeply experienced strategic global partner,” added Jay Monahan, commissioner, PGA Tour. “This partnership aligns very well with the opening of PGA Tour offices in London, Tokyo and Beijing in recent years and will support our long-term objectives of growing the game of golf. It also will deliver more value to our sponsors as it presents a tremendous opportunity to engage new and diverse audiences around the world.”

Also Read: Jon Hamm's Impression of Ray Romano Playing Golf Is Simply the Best (Video)

The partnership will be led by Discovery’s Alex Kaplan, who is president and general manager of the new Discovery and PGA Tour venture. His management team will include the PGA Tour’s Thierry Pascal as head of distribution.

Kaplan previously was an executive vice president at Eurosport Digital, where he helped grow the Eurosport D2C business to over 1 million subscribers. Prior to joining Discovery, Kaplan was a senior vice president of global media distribution for the NBA.

“I am incredibly excited to work with David Zaslav and JB Perrette to take international coverage of PGA Tour golf to the next level,” Kaplan said. “We can’t wait to get started and build a world-class global platform and long-term distribution strategy to turn the vision of this partnership into a reality. By joining forces with the outstanding PGA Tour team, led by Jay Monahan and Rick Anderson, we have a unique opportunity to build an amazing product that will serve the fans with the golf content they love on every screen.”

Related stories from TheWrap:

Discovery Lost Money in Q1 Due to Huge Scripps Deal

Discovery Boss David Zaslav's Pay Rose Above $42 Million Last Year

Rich Ross Out at Discovery: Company Unveils Post-Scripps Senior Executive Team

www.thewrap.com | 6/4/18
[New Era] Windhoek -The classification of Namibia as a tax haven by the European Union (EU) last year can have serious repercussions, such as sanctions, for the local economy. For this reason, government has engaged EU to have Namibia delisted as a tax haven as soon as possible and in this regard, a team of officials from the Ministry of Finance have just returned from consultative engagements from the EU headquarters in Brussels, Belgium.
allafrica.com | 5/23/18

The modern, private enterprise economy of Belgium has capitalised on its central geographic location, highly developed transport network, and diversified industrial and commercial base. The first country to undergo an industrial revolution on the continent of Europe in the early 19th century, Belgium developed an excellent transportation infrastructure of ports, canals, railways, and highways to integrate its industry with that of its neighbors. Industry is concentrated mainly in the populous Flanders in the north, around Brussels and in the 2 biggest Walloon cities, Liège and Charleroi, along the sillon industriel. Belgium imports raw materials and semi-finished goods that are further processed and re-exported. Except for its coal, which is no longer economical to exploit, Belgium has virtually no natural resources. Nonetheless, most traditional industrial sectors are represented in the economy, including steel, textiles, refining, chemicals, food processing, pharmaceuticals, automobiles, electronics, and machinery fabrication. Despite the heavy industrial component, services account for 74.9% of GDP, while agriculture accounts for only 1% of GDP. With exports equivalent to over two-thirds of GNP, Belgium depends heavily on world trade. Belgium's trade advantages are derived from its central geographic location and a highly skilled, multilingual, and productive work force. One of the founding members of the European Community, Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. About three-quarters of its trade is with other EU countries. Belgium's public debt is about 99% of GDP. The government succeeded in balancing its budget during the 2000-2008 period, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth and foreign direct investment dropped in 2008. In 2009 Belgium is likely to have negative growth, growing unemployment, and a 3% budget deficit, stemming from the worldwide banking crisis.


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