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Luxembourg

The latest news, analysis and opinion on Luxembourg. In-depth analysis, industry insights and expert opinion.

Capital

Luxembourg City

Head of State

Grand Duke Henri

Head of Government

Prime Minister Luc Frieden

last updated:

29 November, 2024

Italy’s finance police is investigating Wind Tre, the country’s third-biggest phone company, for alleged tax evasion. Photo: Shutterstock

CK Hutchison

CK Hutchison’s Wind Tre unit faces Italian tax probe in €3.4 billion asset sale

The alleged evaded taxes would amount to about €132 million for 2022 on the sale of mobile phone towers, according to a document.

20 Dec 2024 - 11:59AM

United States

Ex-US House speaker Pelosi has hip replacement surgery in Germany after fall

15 Dec 2024 - 3:48AM

United States

Ex-US House speaker Nancy Pelosi, 84, hospitalised after injury in Luxembourg

14 Dec 2024 - 2:15AM

Google

Google wins EU ads abuse case, overruling €1.5 billion fine

The EU’s Google cases marked the centrepiece of antitrust chief Margrethe Vestager’s bid to rein in Silicon Valley.

19 Sep 2024 - 10:10AM

Bonds

Hong Kong, Macau to link bond markets to foster debt finance growth

The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.

16 Sep 2024 - 6:39PM

China-EU relations

EU subsidy raids on Chinese company Nuctech were legal: court

Landmark decision rejects firm’s assertion that complying with bloc’s regulation put it on collision course with mainland criminal laws.

14 Aug 2024 - 2:41PMvideocam

Tourism

19 long-distance cycling routes make exploring Europe by bike a snap

Exploring Europe by bicycle has never been easier. Cycle route network EuroVelo lists routes that criss-cross the continent, and offers a custom route planner to help cyclists create their own itineraries.

30 Jul 2024 - 5:15PM

Exploring places such as Chambord in France (above) by bicycle is made easier by cycle network EuroVelo, which offers routes that criss-cross the continent and a custom route planner that helps cyclists create their own itineraries. Photo: Shutterstock

Paris 2024 Olympic Games

Ex-Chinese table tennis teammates at Olympics 40 years on with different nations

Ni Xialian and Zeng Zhiying used to play together but never made it to the Olympics for the land of their birth.

28 Jul 2024 - 8:49AM

Hong Kong racing

Champions & Chater Cup hero Rebel’s Romance set for epic clash with Auguste Rodin at Ascot

Godolphin’s last-start Sha Tin winner takes on Aidan O’Brien’s star colt in Saturday’s simulcast feature

30 Jul 2024 - 10:50AM

Banking & finance

New World’s scion Adrian Cheng lists C Capital on Swiss exchange

Cheng will sell his unit C Capital to Youngtimers, a special situation investment firm that has been listed since 2000 on the SIX exchange.

15 Jul 2024 - 7:00PM

Adrian Cheng Chi-kong, chief executive officer and executive vice chairman of New World Development, during the Hong Kong Fintech Week on October 31, 2022. Photo: Bloomberg

Millionaires and billionaires

Asia-Pacific’s riches grew 177% in last 15 years, outpacing rest of world: UBS

Mainland China has 6 million millionaires, far behind the US, while Hong Kong ties Australia for third in millionaires per capita, UBS wealth report says.

11 Jul 2024 - 5:02PM

A view of the V Heun Building in Central, Hong Kong. The city boats a high concentration of US-dollar millionaires, according to UBS. Photo: Dickson Lee

Hong Kong economy

Explainer | All you need to know: mainland China permit for Hong Kong permanent residents

Eligibility for five-year travel permit not determined by number of stars on ID cards, which identify whether person’s residency is permanent.

4 Jul 2024 - 5:42PMvideocam

Banking & finance

Open Questions | 3 mega economic trends for China and the world, EU economist says

European economist Rolf Strauch touches on climate change, demographic, geoeconomic fragmentation and financial challenges for the global economy.

9 Jul 2024 - 3:56PMvideocam

Singapore

Singapore outranks Japan for world’s most powerful passport in 2024

Singapore passport holders have the most flexibility for travel worldwide, with the ability to visit 195 countries without a visa.

29 Jun 2024 - 11:02PMvideocam

Singapore passport holders have the most flexibility for travel worldwide. Photo: Shutterstock

Ukraine war

Ukraine starts ‘historic’ EU membership talks amid war with Russia

The start of negotiations is a significant step for Kyiv, but many technical, legal and political hurdles lie ahead.

26 Jun 2024 - 1:09AM

Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olga Stefanishyna (left) listens to Belgian Foreign Minister Hadja Lahbib during a press conference at the EU Council building in Luxembourg on Tuesday. Photo: AFP

European Union

EU ministers approve US$1.5 billion Ukraine military aid using Russian assets

European Union governments agreed to use in profits from Russian frozen assets for arms and other aid to Ukraine, sparking Hungarian anger.

25 Jun 2024 - 10:44AM

Banking & finance

Macroscope | A fractious world is making much-needed IMF reforms harder

Great reforms seem to be born only out of major upheavals. And the IMF enjoys only as much power as its fractious owners are prepared to give it.

22 Jun 2024 - 5:24PMvideocam

European Union

EU nations to start membership negotiations with Ukraine, Moldova

The opening of talks sends another strong signal of solidarity with Ukraine on top of the huge financial support provided by the EU.

21 Jun 2024 - 9:41PM

A parachuter carries a European Union flag during a skydiving demonstration at the G7 summit in Italy. Leaders from the 27-nation bloc agreed last year that accession negotiations should start with both Ukraine and Moldova. Photo: AP

China-EU relations

‘Protectionism’: China slams EU tariff hikes, calls for talks to resolve EV row

Extra EU duties on Chinese EVs ‘not conducive to the EU’s green transformation’, Vice-Premier Ding Xuexiang tells climate talks in Brussels.

19 Jun 2024 - 6:28PMvideocam

China-EU relations

Top Chinese official to visit EU days after EV tariffs raise trade war risk

Vice-premier Ding Xuexiang will travel to Brussels next week as Beijing pledges to ‘deepen’ cooperation on the environment.

14 Jun 2024 - 11:50PMvideocam

European Union

EU’s Von der Leyen faces busy days to secure new term

The next few weeks will involve some hard work for Ursula von der Leyen if she is to secure another five-year term as European Commission president and therefore one of Europe’s most powerful politicians.

11 Jun 2024 - 12:45PM

European Commission President Ursula von der Leyen is aiming to remain in power. Photo: dpa

China travel

Explainer | From 72 hours and up to 30 days, 5 visa-free ways to travel to mainland China

Mainland China has rolled out policies, including visa-free entry, to boost its tourism sector that was hit hard by three years of the coronavirus.

28 Jun 2024 - 9:15AMvideocam

China reopened its borders and abandoned quarantine in January 2023 after shedding three years of its zero-Covid policy. Photo: Xinhua

European Union

Slovaks and others vote in EU elections under shadow of assassination attempt

Analysts say the Slovak ruling coalition has been using the attack on PM Robert Fico ‘expediently’ to boost his party’s chances of victory.

8 Jun 2024 - 5:10PM

European Union

Explainer | What’s at stake in the 2024 European Union elections

Nearly 400 million European Union citizens can go to the polls over the coming days to elect members of the European Parliament, or MEPs, in one of the biggest global democratic events.

6 Jun 2024 - 3:04PM

India

‘No compromise’: India’s spice recalls put spotlight on food safety standards

Several products by Indian brands MDH and Everest in Singapore and Hong Kong were found to contain traces of harmful ethylene oxide.

28 May 2024 - 5:30PMvideocam

Spice boxes of MDH and Everest on the shelf of a shop at a market in New Delhi. Photo: Reuters

Banking & finance

Exclusive | Hong Kong’s deep capital pools should draw AI start-ups: European venture firm

Hong Kong can be a fundraising hub for AI start-ups as it has deep capital pools and plays a connector role in Asia, says partner at European venture capital firm Alpha Intelligence Capital.

21 May 2024 - 8:43AM

The CEC (China Electronics Corporation) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. Photo: Reuters

Italian Serie A

Inter’s Chinese owner Zhang says US$429 million debt deadline threatens stability

Steven Zhang’s company Suning could lose control of the Serie A champions if a debt to investment fund Oaktree remains unpaid.

20 May 2024 - 8:35PM

The Football Association of Hong Kong, China

Hong Kong to play Liechtenstein in city’s first ever football match in Europe

City’s representative team have not played outside Asia since 1992, and last hosted European opposition in 2006, when Croatia visited for a friendly.

14 May 2024 - 2:00PM

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