Luxembourg Financial News

European Union countries have given final approval to a major and long-awaited plan to better protect nature in the 27-nation bloc

Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per Bloomberg report.Also Read | Elon Musk’s ’anything can be hacked’ VS ’Rajeev Chandrasekhar’s ’technically you are right’ on use of EVMsThe negotiations between One97 Communications Ltd., the parent company of Paytm, and the online food delivery giant Zomato are reportedly in advanced stages.

Venue : Roma Cricket Ground, Rome Luxembourg squad - Anoop Orsu, James Barker, Thomas Martin, Timothy Barker, Shiv Gill, Vikram Vijh, William Cope, Advyth Manepalli, Joost Mees, Ankush Nanda, Marcus Cope, Milad Momand, Pankaj Malav, Saransh Kulshrestha Israel squad - Eshkol Solomon, Gideon Hilkowitz, Yogev Nagavkar, Aviel Warsulkar, Eitamar Kahamker, Josh Evans, Yarden Divekar, Eyal Bhonkar, Mikki Cohen, Shailesh Bangera, Sithira Siriwardhana, Elan Talker, Niv Nagavkar, Tomer Kahamker, Virendra Kumar, Warna Kumara, Yair Nagavkar Luxembourg vs Israel Live Score: Four! Played towards covers. Luxembourg vs Israel Live Score: Luxembourg Timothy Barker 21 (20) Shiv Gill 11 (13) Israel Tomer Kahamker 1/3 (1) Luxembourg vs Israel Live Score: OUT! c Shailesh Bangera b Tomer Kahamker.

Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said. The three approvals issued to Orbit Connect India — which aims to provide satellite-based high-speed internet access — come as companies from Amazon.com to Elon Musk's Starlink have been vying for the go-ahead to launch satellite communication services in the world's most populous nation. The authorisations have not been previously reported. They were granted in April and June from the Indian National Space Promotion and Authorisation Centre, known as IN-SPACe. These allow Orbit Connect to operate satellites above India, but further approvals are needed by the country's department of telecoms to begin operations.

Suez Canal whose construction began in 1859 witnessed the overall economic development of prosperity of the region and large parts of the world. It provided an opportunity to connect Europe and Asia or the Mediterranean Sea and the Red Sea. It cut short the distance between Europe and Asia which otherwise had to follow a circular path around the Cape of Good Hope. It is in this regard that Europe is constructing its network of canals.

Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally

Robinhood Markets has announced an agreement to acquire Bitstamp Ltd ., one of the oldest and most respected cryptocurrency exchanges, in a $200 million all-cash deal.

McDonald's has suffered a setback in a legal case against Irish fast food chain Supermac's in a top EU court. As per the court ruling, henceforth McDonald's won't be able to term its chicken burgers "Big Mac" in EU, as per reports in agencies.

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

₹8,200) It is important to know that the Schengen area covers 29 countries, including 25 European countries. The countries that are part of the Schengen area are Germany, France, Italy, Spain, Norway, Switzerland, Poland, Portugal, Romania, Luxembourg, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Greece, Latvia, Lithuania, Hungary, Malta, Netherlands, Austria, Slovenia, Slovakia, Finland, Sweden, Iceland, and Liechtenstein.

Apple Inc. is challenging a €1.8 billion ($1.9 billion) fine levied by the European Union for thwarting fair competition from music-streaming rivals, including Spotify Technology SA. The iPhone maker has filed a suit at the EU’s General Court in Luxembourg to topple the March decision, according to people familiar with the matter who spoke on condition of anonymity.

Germany. According to the European Union's official website, the rules have been updated in view of strengthened relations between European Union and India under EU-India Common Agenda on Migration and Mobility. This agenda seeks comprehensive cooperation on migration policy between the European Union and India, with facilitation of people-to-people contacts being of key aspect due to the importance of India as a partner for the EU.

Tesla CEO Elon Musk comes to meet Prime Minister Narendra Modi will not be the car maker's entry into India. There is another matter that has been pending for some time for lack of adequate disclosures. Musk's India ambition spans from road to space. He has thrown his hat in the ring for the satellite communication, or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Musk, with his satcom company Starlink, will compete with Mukesh Ambani and Sunil Bharti Mittal whose respective companies, Reliance Jio JV with Luxembourg-based SES; and Bharti AIrtel jointly with OneWeb-Eutelsat, are also in the race for satcom spectrum. Another giant, Amazon, is also in the reckoning. The satcom sector is witnessing intense rivalry even before the start of services. Airtel and Jio stand sharply divided on various issues related to satcom and have battled each other over complexities that surround satcom. The rivalry between the two biggies, with other satcom players also divided sharply, continues. A few days ago, they locked horns over the usage and price of satcom. The main issue, whether satcom spectrum should be allocated administratively or auctioned, has been settled with the new Telecommunication Act, 2023, giving legislative backing to allocation of satellite spectrum via the administrative or the ‘non-auction route’. At present, the DoT is finalising the modalities.

The SICAV version will be identical to the existing Artemis UK Select fund, which seeks long-term capital growth by investing in a «focused» portfolio of 40 to 60 stocks irrespective of the benchmark's composition.  The move has already been approved by the Luxembourg regulator Commission de Surveillance du Secteur Financier (CSSF). Artemis 'refreshes' Positive Future fund after quadruple manager exit A member of the  IA UK All Companies sector, the original fund it has made a total return of 895.5% since its 1998 launch, outperforming the FTSE All Share benchmark (266.1%) and sect...

European Union Court of Justice ruled on Wednesday to remove Russian billionaires Mikhail Fridman and Petr Aven from a list of individuals facing European Union sanctions after Russia's attack on Ukraine in 2022. «The General Court considers that none of the reasons set out in the initial acts is sufficiently substantiated and that the inclusion of Mr Aven and Mr Fridman on the lists at issue was therefore not justified,» the Luxembourg-based court said in a statement.

Israel in a resolution passed Friday that aims to help prevent rights violations against Palestinians amid Israel's blistering military campaign in Gaza. The 47-member-country Human Rights Council voted 28-6 in favor of the resolution, with 13 abstentions. The sweeping measure takes aim at an array of Israeli actions such as impeding access to water and limiting shipments of humanitarian aid into Palestinian areas. It also calls on U.N.-backed independent investigators to report on shipments of weapons, munitions and «dual use» items — that have both civilian and military applications — that could be used by Israel against Palestinians.

The Vontobel Fund II — Fixed Maturity Emerging Markets Bond 2 invests mainly in emerging market bonds in hard currencies and aims to offer a higher spread, yield and coupon relative to comparable bonds in developed markets. It also focuses on optimising the level of spread in short-maturity emerging market bonds. LGIM expands global high yield range with trio of regional funds With a fixed maturity of three years, the Luxembourg-domiciled fund targets an average investment grade rating and a target yield maturity of 7%, depending on market evolution. The seeding period for the f...

Airtel and Reliance Jio, found themselves on a new battlefront — the satellite communication or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Companies such as Reliance Jio’s JV with Luxembourg-based SES; Starlink; Amazon; Bharti-backed OneWeb; and the Tata-Telesat combine are working on creating a constellation of satellites to deliver ‘broadband-from-space’ services in India. India's current telecom market has just two big players, Reliance Jio and Bharti Airtel, but satcom will attract more big players. Since satcom does not require installation of towers on earth, the entry barrier is not as formidable as it is in traditional terrestrial mobile telecom.

Western Europe has emerged as a leading region in global crypto adoption, attracting a substantial number of daily traders, ranging from 1.2 million to 1.5 million individuals.

Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens.