Luxembourg Financial News

07.08 / 11:47

CEO People moves Business roles FE fundinfo names Liam Healy CEO

Healy was managing director and senior vice-president of Diligent for over six years.

24.07 / 07:49

companies Acquisition liontrust GAM NewGAMe Liontrust waives FMS sale condition from GAM offer

The sale to Carne Group will still go through and is expected to complete in Q4 2023.

21.07 / 20:07

Art Death toll from an explosion and collapse of a Paris building in June climbs to 3

Paris prosecutors say a third person has died as the result of an explosion a month ago that sent a historic building crumbling down and ignited a huge fire in the high-end Left Bank neighborhood

21.07 / 09:33

UPS Provident Continental Allianz country cover European Union agrees post-Brexit rules for hedge funds

By Nell Mackenzie

21.07 / 06:27

COST Provident Extreme Fighting country Factbox - Which countries are paying their 'fair share' to fight climate change?

By Kate Abnett

15.07 / 12:45

Cooper Chandrayaan-3 launch sets stage for space startup ecosystem: Jitendra Singh

New Delhi: Union minister Jitendra Singh on Saturday said that the successful launch of Chandrayaan-3 will boost space startups and space entrepreneurs. Addressing the G20 Young Entrepreneurs Alliance Summit, the minister said that the Indian Space Research Organization (ISRO) had made history in November last year by launching successfully India’s maiden private Vikram-suborbital (VKS) rocket.

13.07 / 07:29

CEO Enterprise U.K.'s Domino's Pizza Group names new CEO

(Reuters) -Domino’s Pizza Group (LON:DOM) said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operator of the pizza chain, will join the UK firm in August as its chief executive.

12.07 / 11:29

UPS Digital Amazon Platform Vodafone open As open house on satcom spectrum allotment looms, Jio JV partner SES keeps mum on views

India, a key global satellite player, SES — also the satellite JV partner of Reliance-backed Jio Platforms (JPL) — has been conspicuously absent in the ongoing consultation process. Luxembourg-based SES, in an earlier consultation undertaken last year by the Telecom Regulatory Authority of India (Trai), had strongly opposed any auctioning of satellite spectrum and like all global satellite players such as Amazon, OneWeb, Starlink, Telesat and Hughes, had backed allotment via the administrative route. This was in stark contrast to the views of its JV partner.

10.07 / 18:15

UPS Provident Lowe's Target FIVE Aware Battlefield boost NATO will boost defense spending to help back Ukraine but the math is tricky. Just ask Luxembourg

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

07.07 / 11:39

Unit trusts/OEICs schroders UK investors Schroders gives UK investors access to Global Sustainable Food and Water fund

Since inception, the fund suffered negative performance of -1.4% Credit: iStock

04.07 / 15:23

UPS Target FIVE Cooper Citizens French court upholds freezing of assets of Lebanon's embattled central bank chief

A French court has upheld the freezing of assets of Lebanon’s embattled central bank governor rejecting his appeal to have them released

04.07 / 11:50

The leaders of the Netherlands and Luxembourg tell Kosovo and Serbia to normalize ties for EU hopes

The leaders of the Netherlands and Luxembourg have said that normalizing ties between Kosovo and Serbia would serve not only regional peace and stability but also their prospects of further integration into the European Union

04.07 / 09:07

Facebook Platform German antitrust watchdog can add privacy breaches to Meta probe, EU court says

Meta Platforms comply with EU data protection rules during their investigations, Europe's top court said on Tuesday, a move likely to broaden regulators' scrutiny of Big Tech. The case before the Luxembourg-based Court of Justice of the European Union (CJEU) concerns a 2019 German cartel office order to Meta to stop collecting users' data without their consent as such a practice constituted an abuse of its market power.

20.06 / 13:01

Blockchain Adoption Banks Central Bank banking bonds European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure.

16.06 / 03:24

CBDC European Union European Commission digital euro European Central Bank Would Need To Set Limits on Use of Digital Euro Under Draft Proposal: Bloomberg

The European Union’s executive branch will unveil plans for a digital euro that would require the European Central Bank to set limits on its use, according to a report from Bloomberg News.

07.06 / 17:37

Blockchain Provident Digital Booking Action Coindesk Luxembourg's Antitrust Authority Initiates Probe into Blockchain and Web3 Competition

A country in Western Europe, Luxemburg, is making moves amid actions by individual jurisdictions in the European Union for dedicated crypto regulations.

06.06 / 19:46

Ethereum Adoption defi Tokens Small business lending protocol Defactor tokenizes $100M in bonds

On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bond, tokenized on the Polygon (MATIC) network, will be lent to small and medium-sized enterprises using real-world assets, such as receivables, as collateral.

11.04 / 20:37

Blockchain Ethereum Provident Digital CEO Bali CoFund tokenizes $10M hotel in Bali via Tokeny

On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali.

11.03 / 10:39

Standard Standard Chartered-owned crypto custodian registers with Luxembourg regulator

Zodia Custody, a crypto custodian owned by Standard Chartered, said on Friday it has registered its Irish unit with Luxembourg's financial regulator. The registration will allow Zodia to provide digital asset custody services for financial institutions in Luxembourg, the company said. According to the regulator's website, Zodia will be subject to supervision from the watchdog for compliance with rules around anti-money laundering and combating the financing of terrorism. «There is a massive opportunity for financial institutions to offer a range of products and services related to cryptoassets,» John Cronin, chief executive of Zodia Custody Ireland, said in a statement on Friday.

23.02 / 03:07

CEO Russia’s invasion of Ukraine still threatens global finance

Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country's financial centre

16.02 / 13:01

Adoption regulation Europe privacy European Union European Union discusses using zero-knowledge proofs for digital IDs

The European Union is famous for its ambivalent relationship with privacy — on the one hand, it was the first place in the world to apply strict data protection regulations. On the other, its central bank digital currency (CBDC) project lacks the anonymity standards of private cryptocurrencies.

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