HSBC profit falls in third quarter, hit by legal woes

HSBC's third quarter results were hit by a $1.1 billion provision related to the late Bernard Madoff's huge investment fraud. Photo: Laurel Chor / AFP/File Source: AFP HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday,...

This Gas Station Was Left To Rot – Now It's One Of Route 66's Most Popular Landmarks

We don't often pause to appreciate just how big the supposedly small things in our lives really are. When you take a detour to the gas station to fill up, you might not stop to think about what a marvel it is that we can simply pump fuel into our...

North Sea oil and gas firm Petrofac files for administration putting 2,000 British jobs at risk 

A NORTH Sea oil and gas firm filed for administration yesterday, putting thousands of British jobs at risk. Petrofac employs about 2,000 people at its UK base in Aberdeen, including 1,200 offshore employees and a further 800 training and...

Ukraine Advances Agricultural Standards Alignment with EU at Luxembourg Meeting

At today’s meeting of the EU Council in Luxembourg, Ukraine’s Deputy Prime Minister Taras Kachka participated. They discussed the importance of bringing Ukraine closer to EU standards in agriculture, particularly regarding the production of plant...

HSBC to Take $1.1B Hit After Luxembourg Court Ruling in Madoff Case

HSBC Holdings said on Monday it would book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme, history’s biggest ever such fraud. HSBC acted as a...

Egypt President discusses Gaza, Sudan developments with European leaders

Cairo: Egyptian President Abdel Fattah El-Sisi held a series of bilateral meetings with several European leaders in Cairo today to discuss regional developments, particularly the situations in the Gaza Strip and Sudan, in addition to ways to...

Boosting Business Efficiency with Artificial Intelligence: From Data to Decisions

In the fast-paced world of business today, companies are under constant pressure to enhance productivity and adapt swiftly to changes in the market. The rise of artificial intelligence technologies has created new opportunities for companies to...

Literary calendar for week of Nov. 2

JAMES FRANCISCO BONILLA: New York-born Puerto Rican author and Hamline University retired professor launches “An Eye for an I: Growing Up with Blindness, Bigotry, and Family Mental Illness.” He has written extensively on diversity, cultural...

Swiss-Regulated Tokenization, AMINA Bank and Tokeny Form Infrastructure Collaboration

Luxembourg & Zug – 23 October 2025 –AMINA Bank AG, a crypto-focused institution supervised by the Swiss Financial Market Supervisory Authority (FINMA), has entered a collaboration with Tokeny, a tokenization technology provider owned by Apex...

Measles threat, tech job crisis, world’s freakiest places: Check out the day’s stories

By Sarah Hutter, CNN 👋 Welcome to 5 Things PM! About one in five adults in the US are affected by some type of arthritis. If knee pain is slowing you down, try these expert-recommended aerobic exercises to help relieve discomfort and boost...

Gault&Millau Awards: Clovis Degrave is Luxembourg's Chef of the Year

Ten winners were recognised at the Gault&Millau Luxembourg awards for 2026 at the Parc Hôtel Alvisse on Monday, including chefs Clovis Degrave and Archibald De Prince. Gastronomy guide Gault&Millau held its annual ceremony on Monday, celebrating...

International protection: Voluntary return should be addressed earlier in asylum process, says Home Affairs Minister

Luxembourg’s Minister for Home Affairs Léon Gloden said that discussions about voluntary return should take place earlier in the asylum-seeking process in the future. The rework will be at the core of the new conceptualisation for voluntary...

Balkan films come out on top at the 18th edition of Luxembourg's CinÉast

CINÉAST 2025 Awards by Olivia Popp 27/10/2025 - Wind, Talk to Me and God Will Not Help took home the Grand Prix and Special Jury Prize, respectively, while Little Trouble Girls and DJ Ahmet collected additional gongs Wind, Talk to Me by Stefan...

Malawi eyes SDG 16.9 target with universal legal identity blueprint

Malawi doesn’t want to be left behind in terms of meeting the 16.9 target of the UN Sustainable Development Goals (SDGs) which requires countries to provide legal identity to everyone, including birth registration, by 2030. The country recently...

Well intended, but poorly applied?: New NGO law overwhelms small associations in Luxembourg

Luxembourg's new law governing non-profit associations (ASBLs) intended to modernise the non-profit sector and prevent money laundering, but has drawn sharp criticism for creating heavy administrative burdens regardless of NGO size. The reform,...

International fixtures: Luxembourg to host Montenegro for international touch rugby weekend

Cessange Boy Konen will play host to international touch rugby fixtures both in the seniors and juniors category. It's an exciting period for the Luxembourgish touch rugby community, as teams from Montenegro will travel over to participate in an...

John Textor's £400m bid for Wolves and why it's complicated - Business of Football

Ordinarily, news of a £400million-plus bid for a Premier League club would be, well, news. I would usually write 600 words or so about how John Textor, who recently sold a minority stake in Crystal Palace, has made an offer of $200million in cash...

Palestinian ambassador thanks Portugal for recognition: “Happy”

The Palestinian ambassador to Portugal expressed gratitude today to the Portuguese government and people for recognizing the State of Palestine, following a ceremony where the “diplomatic representation” plaque was replaced with an “embassy”...

Business News | Piyush Goyal Holds Meetings with German Business Leaders to Discuss Investment Opportunities in Various Sectors

New Delhi [India], October 24 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, held a series of meetings with top business leaders in Germany to strengthen trade and business cooperation between the two countries. The Minister is...

Waitress moves from Spain to Norway for €5,000 salary – Which bar staff get paid more in Europe?

Bar work pays off in Norway, says Gaby. Credit: GabyZB / Visit Oslo A young Spanish woman called Gaby has gone viral on TikTok by sharing her lucrative experience working as a barmaid in Norway, where she earns over €5,000 gross per month, well...