From the Embassy of Luxembourg in Washington, D.C. This year’s Veterans Day is especially sad for us as we learnt about the passing of Darrell Reed Bush, U.S. veteran of the Battle of the Bulge and a cherished friend of our Embassy. Darrell passed away peacefully at the age of 99. Our deepest condolences go out to his beloved wife, Dorothy, and his family. Darrell and Dorothy recently marked a remarkable milestone, celebrating their 81st wedding anniversary. We feel particularly fortunate to have been able to spend many meaningful moments together with Mr. Bush, telling us firsthand his experiences during the Battle of the Bulge. Mr. Bush fought courageously with the 106th Infantry Division, 75th Division during one of the most decisive battles of the Second World War. His bravery and service made a lasting impact during …
Written by Kangkan Halder “Clearstream’s proven track record and comprehensive service offering from subscription to execution, settlement, custody and trailer fee collection will allow Spuerkeess to enhance operational efficiency and cost-effectiveness,” said Aly Kohll, deputy CEO of Spuerkeess, in a press statement on Tuesday 8 October 2024. Photo: Clearstream Fund Services In a strategic effort to consolidate its fund operations, Spuerkeess chose Clearstream as its partner for executing and distributing its investment fund business, aiming to enhance cost-effectiveness and operational efficiency. Luxembourg’s leading state-owned bank, Spuerkeess, announced its decision to partner with Clearstream, a Kirchberg-based global post-trade services provider owned by Deutsche Börse, for the execution and distribution of its investment fund business. This collaboration, announced on Tuesday 8 October 2024, aims to enhance operational efficiency and cost-effectiveness for Spuerkeess. According to the press statement, Spuerkeess sought to consolidate its mutual and alternative funds …
NATO awarded satellite operator SES its first contract for Medium-Earth Orbit (MEO) satellite services under a partnership established in 2022. The NATO Support and Procurement Agency (NSPA), announced the MEO Global Services (MGS) award on Sept. 10. Luxembourg and the U.S. will leverage SES’s MEO services to carry out naval, air, and ground communications missions around the globe. This comes after the U.S. and Luxembourg established a partnership in October of 2022 called the Global Commercially Contracted Satellite Communications Support Partnership (GCC SATCOM SP) to start a new era of space cooperation within NATO. The partnership allows for “pooling and sharing” of space capabilities among NATO members. The MGS program was originally founded by Luxembourg and the United States is open to NATO Allies and partners. MGS is an outline agreement over three years with two additional one-year options. Last year, Luxembourg’s Parliament approved 195 million euros ($215 million) over 10 …
Written by Kangkan Halder Caceis Bank’s acquisition and integration of RBC Investor Services in Luxembourg has brought comprehensive services and significant synergies to clients, managing director Philippe Bourgues stated in an interview. Philippe Bourgues, managing director of Caceis Bank in Luxembourg since 2017, discussed the strategic and operational gains from the integration of RBC Investor Services, which Caceis acquired in 2023. In an interview with Delano, he said that following the integration, Caceis now offers a seamless, unified service experience to all clients. Kangkan Halder: Could you briefly describe the domains and services offered by Caceis Bank in Luxembourg and the former RBC Investor Services entity in Luxembourg? Philippe Bourgues: In Luxembourg, both the Caceis and former RBC entity provide a very similar scope of services. We offer services to all types of investment funds managed by asset management firms and …
Videobot won the Luxembourg regional competition of the Startup World Cup, thereby securing its spot to compete to the final in San Francisco. Videobot, is leveraging artificial intelligence to create personalized and interactive video content. We aim to not only compete but to win the biggest trophy, says Matias Mäenpää, co-founder of Videobot. “This win is significant not just for me but for our entire team of 25 people. It validates our efforts and energizes us to keep pushing forward. We are incredibly ambitious, and now we have our sights set on San Francisco. We aim to not only compete but to win the biggest trophy,” says Matias Mäenpää, co-founder of Videobot. Bill Reichert, Partner at Startup Worldcup organizer Pegasus Tech Ventures, gave an insightful keynote speech, emphasizing the critical role startups play in driving innovation and economic growth. “Luxembourg …
Luxembourg has retained its leading position within the EU relating to green finance, with the latest Global Green Finance Index (GGFI 13) reconfirming Luxembourg’s place as the number one EU green financial centre. Luxembourg fared well across all four areas of competitiveness highlighted within the index, however in particular within the Human Capital and Business areas where it is positioned first and second respectively. The journey towards sustainability requires continual innovation and collaboration globally to truly transform financial services into agents of environmental stewardship. Commenting on the results, Nicolas Mackel, CEO of Luxembourg for Finance, noted that “financial centres are the epicentres of change in greening global finance and the results of the latest GGFI confirming Luxembourg’s role in this are testament to the work that continues to be undertaken in the Grand Duchy. Nonetheless, the journey towards sustainability requires …
On May 25, the Embassy of the United States of America in Luxembourg, together with the American Battle Monuments Commission, held the annual Memorial Day ceremony at the Luxembourg American Cemetery in Luxembourg, commemorating the men and women who sacrificed their lives in military service. “Memorial Day serves as a poignant reminder of our responsibility to preserve and defend the freedoms for which so many military members have given their lives. It is our duty to honor their sacrifice by actively participating in our democracy, by standing up against injustice, and by working together to build a society that truly reflects the values they fought for,” said U.S. Ambassador Tom Barrett. The ceremony commenced with the presentation of the colors and a flyover by the 37th Airlift Squadron of the 86th Airlift Wing based at Ramstein Air Force Base, Germany. …
23-05-2024, LTIO San Francisco Luxembourg’s Government is EU’s biggest investor in R&D per capita for the third year in a row. Luxembourg ranked particularly high in the categories “R&D in Health” and “R&D in industrial production and technology”. www.researchluxembourg.org
Photo Credit: Russ Rowland Luxembourg’s Ministry of Foreign and European Affairs, Defence, Cooperation and Foreign Trade announced that, after a programme in Detroit and Cleveland on 22 and 23 April 2024, which included visits to Guardian, BorgWarner, Avery Dennison and Goodyear, the Hereditary Grand Duke and the Deputy Prime Minister, Minister for Foreign Affairs and Foreign Trade, Xavier Bettel, paid a working visit to New York and Delaware on Wednesday 24 and Thursday 25 April 2024. The ministry reported that this working visit to the United States had as an objective the deepening of relations with the main American industrial investors in Luxembourg, because the United States represents the “most important non-European commercial partner” of Luxembourg. In New York, the Hereditary Grand Duke and Minister Bettel participated in a conference organised by the Luxembourg Space Agency (LSA) on the subject …
photo: Russ Rowland Redwire Honored as 11th Luxembourg American Business Award Recipient for Contributions to Multinational Space Missions JACKSONVILLE, Fla. (April 26, 2024) – Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that the company was honored as the eleventh recipient of the Luxembourg American Business Award. The Luxembourg American Chamber of Commerce (LACC) selected Redwire as its 2024 Business Award winner for the contributions the company’s Luxembourg facility has made toward expanding Luxembourg’s activities in space. The award was presented at the LACC’s 11th Business Award Ceremony and Gala on April 24 with His Royal Highness Guillame of Luxembourg and other government officials in attendance. “We are honored to have been selected as the 2024 Luxembourg American Business Award recipient,” said Redwire Chairman and Chief Executive Officer Peter Cannito. “Luxembourg, …