Luxembourg Financial News

According to a letter sent to clients, Jupiter has elected to close the Luxembourg domiciled fund, launched in February 2020, after its assets under management had fallen to around €16m. As a result, the company concluded that it did not expect the mandate to «attract significant future inflows in the short to medium term» and liquidating the fund was therefore «in the best interest of shareholders». Jupiter outflows surge to £10.3bn amid value desk redemptions This closure follows the pattern and rationale of Jupiter's recent fund axings, as it continues to move through its long t...

Walt Disney Co.’s expected technology centre in Bengaluru raises questions over up to 9% of information technology (IT) outsourcer Globant S.A.’s revenue, underscoring a troubling shift in the software services sector as large clients bring back-end work in-house.The entertainment giant’s global capability centre (GCC) in Bengaluru will be “an integrated extension of global product and technology teams”, its spokesperson said in an emailed response to Mint. In January, the company behind Mickey Mouse and Peter Pan to Spider-Man reportedly leased 174,000 sq.

Subscribe to enjoy similar stories. US President Donald Trump’s speech at Davos was meant to be a bellwether for the trans-Atlantic relationship, particularly Nato, with his handling of Greenland closely watched. After the speech, it appears Nato has survived, but barely.

Subscribe to enjoy similar stories. This year’s Henley Passport Index is out and India has some reason to cheer. The country’s passport now ranks 80th on this annual chart published by Henley & Partners, a London-based global citizenship and advisory firm, up from its 85th rank in 2025.

Subscribe to enjoy similar stories. New Delhi: Vodafone Idea Ltd is discussing ways to catch up with larger rivals Reliance Jio and Bharti Airtel Ltd in the domestic satellite internet race, even as it is set to roll out its 5G cellular broadband network. Jio and Airtel recently announced partnerships with US-based Starlink Services to roll out Elon Musk’s satellite internet service in India, although they will have to wait for government approvals.

Subscribe to enjoy similar stories. UBS said it will start the most complex part of its Credit Suisse integration in the coming months, as the banking giant deals with uncertainty amid global trade tensions and Swiss proposals to tighten capital rules. The Swiss banking group will begin the migration of former Credit Suisse client accounts in Switzerland to the UBS platform in the second quarter, it said in its annual report published Monday.

Raisina Dialogue on Monday, marking India's premier conference on geopolitics and geo-economics. The Raisina Dialogue is organized by the Observer Research Foundation (ORF) in collaboration with the Ministry of External Affairs (MEA). According to the MEA, the conference will host representatives from around 125 countries, encompassing foreign ministers, former heads of state, military leaders, industry executives, technology innovators, academics, journalists, and experts in strategic affairs. Notably, foreign ministers from 20 nations are confirmed to attend. The Ukrainian foreign minister's visit coincides with intensified US efforts to broker a temporary ceasefire between Ukraine and Russia amidst ongoing hostilities. Here's all you need to know

President Trump, an avid Diet Coke drinker, had the beverage served up at his inauguration luncheon.

Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a Belgian production plant

Three northern European countries announced the recall of many of their leading products, including the iconic Coca-Cola mainly due to alarming levels of a chemical by-product of water disinfection operations using chlorine dioxide. Amongst other beverages were Sprite, Fanta as well as Minute Maid. The tainted products were primarily produced at its bottling operation in Ghent, Belgium.

Subscribe to enjoy similar stories. Alphabet Inc. Google will face off against the European Commission in Luxembourg in a bid to overturn a 4.12 billion euro ($4.33 billion) antitrust fine.

Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.

Nancy Pelosi, 84, has been admitted to hospital after suffering an injury during a fall at an official event in Luxembourg. Pelosi was part of a bipartisan Congressional delegation attending a ceremony to mark the 80th anniversary of the Battle of the Bulge in World War II. Her spokesperson, Ian Krager, confirmed that Pelosi is receiving “excellent” treatment from medical professionals and is continuing to work despite the injury.

According to reports, two dozen H200-based Supermicro servers with hundreds of H200 GPUs inside, were smuggled into China by a businessman, who is claiming that this was a unique way bypassing Department of Commerce's laws that banned such exports. Also Read: How serious is the injury? Nancy Pelosi hospitalised in Luxembourg after getting injured in an official engagement

Subscribe to enjoy similar stories. Elon Musk and Mukesh Ambani, two of the world's richest persons, are circling over India's satellite broadband market—possibly the next frontier of the Indian telecom wars—and taking opposing positions. With less telecom infrastructure needed on ground, satellites are an alternative way to offer broadband services, and Musk has more satellites in orbit than anyone else.

Goldman Sachs announced that it had 95 new partners last week, the highest number promoted in nearly a decade. Five of those were in Paris, the first since a single nominee in 2014 — Pierre Hudry, who has since left the firm.

France, Germany, Italy, Japan, and Spain shared the second place, granting their citizens visa-free access to 192 countries, as per the latest rankings. The United States ranked 8th, giving its citizens visa-free entry to 186 countries.

As wenoted yesterday, debt capital markets (DCM) bankers at Citi in London have been afflicted by unexpected job cuts involving Colm Rainey head of corporate and financial institutions group debt capital markets for UK & Ireland, Christian Rose, an MD in Stockholm, Santhi Athreya, head of corporate DCM for France, Belgium and Luxembourg, Bruno Sáenz de Miera, head of debt capital markets for Iberia and others. 

Subscribe to enjoy similar stories. New Delhi: The European Investment Bank (EIB), which has committed to supporting India's green hydrogen sector with a €1 billion investment, is working with public sector enterprises Power Finance Corporation and Indian Renewable Energy Development Agency Ltd to identify and develop projects in the country, said Nicola Beer, vice president of the lending arm of the European Union. "We see opportunities in the green hydrogen mission of India.

This time last year, Citi was preparing to thin the ranks of its investment bank as part of CEO Jane Fraser'sBora Bora cuts. In the wake of those cuts, the bank restructured its debt capital markets (DCM) team in March 2024, and — among other things — made Colm Rainey head of corporate and financial institutions group debt capital markets for UK & Ireland in the process.

According to Broadbridge's US & European fund fees trends report, the changes in UK fees came on the back of shifting regulatory forces, with new rules, such as the Assessment of Value and Consumer Duty, leading to an increase in scrutiny of fund costs. Between 2013 and 2023, fees for UK passive strategies dropped by 73%, while charges for active strategies declined by 44%, below the active costs in Luxembourg. Passive asset managers pick up steam in fund selector rankings The US market experienced the second-largest fee decrease in the active management sphere at 32%. Broadbrid...