Connecting Luxembourg Innovation with American Ingenuity
‘Luxembourg Fund 1’ began as an idea and has blossomed into a movement that promises to bridge together American ingenuity with Luxembourg innovation.
Read More‘Luxembourg Fund 1’ began as an idea and has blossomed into a movement that promises to bridge together American ingenuity with Luxembourg innovation.
Read MoreLuxembourg's Ministry of Equality between Women and Men has initiated a research project with the Luxembourg Institute of Socio Economic Research (LISER) on COVID-19 from a gender perspective. The Equality Ministry has announced that it will analyse the impact of the COVID-19 crisis on equality (i.e. how the crisis affects women and men differently) through an in-depth research project carried out by LIST. The appearance of the coronavirus in early 2020 and the subsequent declaration of a state of emergency in Luxembourg had an impact on a multitude of areas of daily life, namely health but also crisis management, employment, public life, childcare, education, domestic chores and marital and family relations. In terms of gender equality, the question is how these radical changes in daily life have influenced equality between women and men. And how might the pandemic undermine the …
Read MoreFastest train to Brussels takes three hours, drive is a little more than two hours
Read MoreThe new Crossroads Magazine is a central platform from which to promote Luxembourg as an attractive business destination for international investors. “I’m delighted to announce this first edition of Luxembourg’s new publication aimed at companies across the globe looking for a perfect location to launch or expand their business in Europe,” says Sasha Baillie, CEO of Luxinnovation. Edited by Luxinnovation, Crossroads Magazine builds on the same foundation as its predecessor, Happen. Clean technologies and post COVID-19 market trends Making the economy sustainable while remaining highly competitive is a priority in Luxembourg, and the first edition of the magazine dives deep into the topic of clean technologies. It includes an interview with Minister of the Economy Franz Fayot on what the country has to offer in this field, and highlights how companies can use clean technologies and circular business models to acquire a competitive advantage. Crossroads …
Read MoreLACC President, Michel Franck, was interviewed by Paperjam Business Luxembourg regarding the 2020 US Presidential election. The full written and recorded transcripts are also available on the Paperjam website.
Read MoreAfter Post announced the rollout of 5G to Luxembourg customers, telecoms providers Tango and Telindus expect to follow a week later. Communicating on Thursday, Tango said 5G would start being available to mobile customers in the capital from 23 October, a launch that coincides with the release of the new iPhone 12 and iPhone 12 Pro. 5G technology should offer existing customers download speeds of up to 1Gbit/s. Tango said access is included in its mobile contracts. Tango 5G is already certified on the two new iPhone models, the firm said, adding that certifications are underway for a selection of other devices. The 5G network will be deployed to customers in other geographic areas in the south of the country at the start of 2021, with further areas to follow later in the year. Meanwhile, Telindus announced on Friday that …
Read MoreThe Danish citizen took on the role in interim in May, after the resignation of his predecessor Thomas Steiger. Prior to the appointment, Jørgensen served for two years as the bank’s head of client business, where he was in charge of the private banking, external asset managers, fund services and investment advisory & portfolio management divisions. He has over 25 years’ experience in the financial sector and fund management domain, 15 of which were in the grand duchy. Jørgensen, whose career history also includes roles at Danske Bank Grounp, Copenhagen Stock Exchange and Nordea Bank, was praised as being “a valued management figure and respected financial professional” by CEO of VP Bank Groul, Paul Arni, according to a company press release.
Read MoreMoselle-region winemakers in Luxembourg and Germany are looking forward to a promising wine harvest starting next month thanks to great growing conditions that they hope will help them overcome reduced consumption due to cancelled events. Lots of spring sun meant that vines bloomed early, and with rainfall in recent weeks the grapes are ready to harvest about two weeks earlier than usual, Jean-Marie Vesque of the Cep D'Or vineyard near Stadtbredimus told the Luxembourg Times. Winemakers not only escaped the frost and intense heat that marked last year, there were no major pest or fungal infestations. "The year 2020 is looking good so far, despite the fact that we're having a dry summer and some water is missing in the soil," said Josy Gloden, president of Domaines Vinsmoselle, a Luxembourg cooperative of around 300 regional winegrowers. The relatively early harvest …
Read MoreThe coronavirus pandemic has raised deficit spending to new heights. Federal debt held by the public is expected to reach 100% of gross domestic product this year, effectively returning to the levels of World War II. The Federal Reserve, meanwhile, has also taken unprecedented action, increasing its total assets from about $4 trillion at the start of the pandemic to about $7 trillion now. The big question is when, if ever, this aggressive government action starts to incur negative consequences, such as rapid inflation. Macroeconomists should be investigating this question vigorously. But so far, interest in the question has seemed strangely muted among mainstream academics. Before the financial crisis of 2008, the dominant academic model of the business cycle held that there was a tradeoff between inflation and unemployment – a new version of what’s known in economics as the …
Read MoreThe European Union’s top court struck down the so-called Privacy Shield, a key method to transfer data across the Atlantic, amid fears over potential US surveillance. Thursday’s decision by the EU Court of Justice means thousands of businesses that ship commercial data across the Atlantic risk turmoil in their day-to-day activities. While a second, contract-based system to transfer data was approved, the judges saved their critiques for US surveillance. The controversy stretches back to 2013, when former contractor Edward Snowden exposed the extent of spying by the US National Security Agency. Privacy campaigner Max Schrems has been challenging Facebook Inc. in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the US. “It is clear that the US will have to …
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