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Luxembourg

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
Wang Lei, CEO of Huatai Financial. Photo: Handout
Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

Hong Kong economy

Number of registered companies in Hong Kong reaches record 1.56 million in 2025

Italy

Italian police raid Amazon sites in probe involving Chinese goods

Banking & finance

Franklin Templeton introduces tokenised money market fund in Hong Kong

The launch marks the first project under the HKMA’s Fintech 2030 strategy, aimed at introducing tokenisation products in the city.

Franklin Templeton has launched a tokenised money market fund for professional investors in Hong Kong. Photo: Shutterstock
Banking & finance

HSBC to set aside US$1.1 billion for potential Madoff fraud payouts

Facing uncertainty over eventual cost of lawsuits related to the Ponzi scheme, bank announces provision in its third-quarter earnings.

China-EU relations

Opinion | How China’s self-driving cars are shaping Europe’s tech sovereignty

Europe has become a proxy battleground between competing visions of AI governance as China makes inroads in the autonomous vehicle market.

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Ukraine war

EU to end Russian gas imports by 2027 in major energy shift

Hungary and Slovakia, the EU members still importing Russian gas via pipeline, were the only nations to oppose the new, majority-backed ban.

Oil barrels and a pump jack are seen in front of EU and Russia flag colours. Photo: Reuters
Royalty

Luxembourg’s Guillaume sworn in as grand duke after his father abdicates

Grand Duke Guillaume, 43, takes over from his father Henri, 70, who had served for 25 years in the largely symbolic role.

Banking & finance

As China keeps cutting US Treasury holdings, where are its investments going?

With China’s holdings at their lowest since 2009, analysts said the country’s central bank could be turning to European assets and gold.

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China-EU relations

Flagging imbalances in China, EU chamber urges course correction in 5-year plan

Exhorting the need for a ‘new, productive development model’, latest chamber position paper airs members’ grievances.

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Some of China’s manufacturing industries, including the new-energy sector, have been plagued by low-price competition, or involution. Photo: Xinhua
China's military weapons

Western leaders parse China military parade displaying national pride

US President Donald Trump says America deserves more credit for helping China gain its freedom.

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Military personnel take part in a parade in Beijing on Wednesday to commemorate the 80th anniversary of Japan’s World War II surrender. Photo: AP
Autonomous vehicles

Pony AI, nearing full-year robotaxi goal, eyes European markets

Pony AI is also trialling its technology in South Korea, where it has obtained nationwide permits for robotaxi operations.

Italy

Legal battle looms over Italy plan to build world’s longest suspension bridge

Italy this week approved a US$15.8 billion bridge linking Sicily to the mainland, amid concerns over its scale, seismic risks and environmental impact.

China-EU relations

Video | China-EU trade tensions

Trade relations between China and Europe are marred by unresolved issues, from tit-for-tat tariffs to EU concerns over Chinese dominance of rare earths supply.

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China-EU trade tensions
China-EU relations

Exclusive | EU chief for Asia-Pacific set to leave role after China summit, sources say

Niclas Kvarnström will return to Sweden to take up a senior position in the government, according to people familiar with the situation.

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Niclas Kvarnström is said to be leaving his role as managing director for Asia and the Pacific in the European External Action Service, the EU’s diplomatic corps. Photo: Handout
Space

Opinion | A few small steps for Hong Kong, a giant leap for China’s space sector

The city is well suited to advance China’s commercial ambitions in the cosmos and play a leading role in reforming outdated legal frameworks.

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European Union

EU’s von der Leyen loses court case over secret Pfizer texts

Wednesday’s ruling is likely to affect how the EU’s executive arm treats text messages in the future.

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Royalty

Who are Luxembourg royals Princess Charlotte and Prince Alexandre of Nassau?

Princess Charlotte of Nassau’s year began on a happy note with a new job at Chanel and her wedding to Mansour Shakarchi, but now she’s mourning the death of her ‘valiant’ 22-year-old brother.

The late Prince Frederik (centre) with his older siblings Prince Alexandre and Princess Charlotte of Nassau. Photo: @polgfoundation/Instagram
Banking & finance

Luxembourg can facilitate dialogue between world’s superpowers: finance minister

Gilles Roth says trade should not be fragmented amid tensions in Ukraine and the Middle East.

Bonds

Hong Kong and Macau link bond systems to create larger market

Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.

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.

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

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

The senior lawmaker is ‘well on the mend’ after tripping at an event in Luxembourg and fracturing her hip.

Former US House speaker Nancy Pelosi waves to the crowd on the third day of the Democratic National Convention in Chicago in August. Photo: AFP
United States

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

Earlier this week, Republican leader Mitch McConnell, 82, was hurt after falling in the Capitol.

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.

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.

Tourists at the Ruins of St. Paul, one of the iconic tourist attractions in Macau, on 3 July 2024. Photo: Elson Li.
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.

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The EU court’s ruling against Chinese inspection-products company Nuctech carries implications for other mainland firms operating in Europe. Photo: AFP
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.

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.

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