The rule of law is deteriorating all over the world. Hungary the last one in the EU —but Italy is not doing well either

Brussels – The State of Law does not fare well globally. The latest World Justice Project (WJP) report, published today (28 October), confirms the eighth consecutive year of decline worldwide, including in civilised Europe. From 2024 to 2025,...

HSBC Sets Aside $1.1 Billion Following Luxembourg Court Ruling in Madoff Case

HSBC has set aside $1.1 billion in its Q3 2025 accounts after a Luxembourg court partially upheld claims related to the bank's involvement in the Bernard Madoff Ponzi scheme. The lawsuit, filed by Herald Fund SPC in 2009, alleges that HSBC's...

Politico: European Commission pressures EU countries to use Russian assets for “reparations loan” to Ukraine

The European Commission is pressuring EU countries to use frozen Russian assets for a €140 billion "reparations loan" for Ukraine. This is reported by Politico, citing anonymous sources. The European Commission is increasing pressure on states...

Future in question: State in talks over repurposing Luxembourg's high-security Freeport

The future purpose of Luxembourg's high-security Freeport is under discussion, with the government confirming talks about its potential repurposing amid acknowledged needs for substantial restructuring. The future of the Luxembourg High Security...

Foreign policy declaration: Luxembourg to ban settlement imports and restrict entry of far-right Israeli ministers

The Grand Duchy is set to ban goods from illegally occupied Palestinian territories and create a legal framework for entry bans against extremist Israeli ministers, Foreign Minister Xavier Bettel announced Tuesday in a major foreign policy...

Dooley outlines Irish 'concerns' over next CAP at Luxembourg meeting

The next Common Agricultural Policy (CAP) must be "appropriately funded," Minister of State at the Department of Agriculture, Food and the Marine (DAFM), Timmy Dooley has warned in Luxembourg. Attending an Agriculture and Fisheries Council...

British Cinven intends to exit the German software company Think-cell

AK&M 28 October 2025 18:05 The British investment company Cinven is considering the possibility of selling a stake in the German software developer Think-cell. This is reported by foreign media. The total market value of the Think-cell is...

'Brutal deterioration': Luxembourg's forests in severe decline, says top official

Luxembourg's forests are facing a severe health crisis, with their condition undergoing a "brutal deterioration" due to climate change and other pressures, the nation's top forestry official stated on Tuesday. The health of Luxembourg's forests...

HSBC profit drops as bank takes Madoff legal hit

AFP|Published 2 hours ago 3min HSBC reported falling quarterly profits Tuesday, with the banking giant's bottom line weighed down by legal provisions related to the late Bernard Madoff's huge investment fraud. The London-headquartered lender...

‘I flew to Luxembourg to see the gig there instead!’: music fans on how they cope with high UK ticket prices

“Live music is my passion, but over the last couple of years, prices have gone crazy,” says Amy Law, 35, a New Zealander living in London. “I used to go to gigs weekly, but I haven’t been since June.” Amy, an EDM fan, says it used to be quite...

HSBC Q3 profits fall on $1.1bn legal hit, AstraZeneca's Koselugo receives EU approval

STOCKS TO WATCH HSBC on Tuesday reported a fall in third-quarter profits as a $1.1bn legal charge weighed on the bottom line. Pre-tax profit for the three months to September fell 14% to $7.3bn. Net interest income for the quarter rose 15% year on...

Guy Deleiden • Director, Film Fund Luxembourg

“The return of the Francophone Co-production Meetings to Luxembourg symbolises the country's desire to consolidate its role as a hub for Francophone players” 28/10/2025 - A meeting on the occasion of the 21st edition of this unmissable event to...

Amazon axes 14,000 desk jobs in AI-powered slimming plan

Amazon is cutting 14,000 corporate jobs, blaming the accelerating impact of artificial intelligence for changing how the company operates – and how many people it needs. In a public statement, Beth Galetti, Amazon's senior vice president of People...

Interview: Guy Deleiden • Director, Film Fund Luxembourg

“The return of the Francophone Co-production Meetings to Luxembourg symbolises the country's desire to consolidate its role as a hub for Francophone players” 28/10/2025 - A meeting on the occasion of the 21st edition of this unmissable event to...

Europe’s Elite: Navigating the Continent’s Most Business-Friendly Nations

In the shifting currents of global commerce, Europe continues to project innovation, stability and opportunity. For companies seeking to expand, innovate or establish a foothold, identifying the most fertile ground is paramount. This year, as...

Update: Amazon to cut 14,000 jobs worldwide, Luxembourg included

Amazon, which employs more than 1.5 million people globally, is set to cut about 14.000 jobs from as early as Tuesday in a cost-saving push targeting administrative functions. Various U.S. media outlets, including The Wall Street Journal, The New...

Eurostat: Luxembourg tops EU ranking for foreign-controlled enterprises

Foreign-controlled companies accounted for 88.6% of Luxembourg’s services exports in 2023, the highest share in the European Union. According to new Eurostat data, Luxembourg was followed by Ireland (79.1%) and the Netherlands (63.7%) in the share...

How to watch Paris Masters 2025: live stream tennis online for FREE, start time, what TV channel?" target="_self" data-before-rewrite-localise="/how-to-watch/tennis/paris-masters-2025-free

Paris Masters 2025: Monday, October 27 to Sunday, November 2 Daily start time: 6am ET / 10am GMT Free stream: France TV (France) Unlock the free stream using ExpressVPN Watch Paris Masters 2025 live streams, as Carlos Alcaraz and Jannik Sinner...

HSBC warns it could take years to settle Madoff case as bank takes $1.1bn hit

HSBC has warned it could take years to finally settle a lawsuit over the Bernard Madoff Ponzi scheme, as the bank’s profits fell 14% after it took a $1.1bn (£830m) hit on the 2009 scandal. The London-headquartered bank’s finance chief issued the...

Precautionary measures taken: Bird flu fears rise in Luxembourg as farmers tighten biosecurity

Luxembourg's poultry farmers are on high alert as bird flu spreads in neighbouring countries, with the Veterinary and Food Administration (ALVA) introducing strict prevention measures and preparing to cull flocks if necessary. The H5N1 virus,...