Luxembourg news and trends

Eurozone’s 9.2% Headline Inflation Rate Masks Deep Lingering Pain
Economy // January 09, 2023

Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in...

EU Bank License To Boost Banking Circle Expansion
Banking // February 27, 2020

Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The company has been making a name for itself in financial work over the last several years. Now, it can give access to real-time payments for...

Barclays’ New Luxembourg Branch To Cater To Global Corporates
Banking // November 26, 2019

Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch, to be led by Snorre Tysland, will offer corporates and financial institutions banking products that include cash management, debt, foreign exchange and trade...

Luxembourg Regulator Raises Alexa Privacy Issues
Amazon // August 08, 2019

The privacy watchdog in Luxembourg, where Amazon has its European headquarters, has reached out to Amazon to get more info about its voice assistant, Alexa, and what the company does with its voice recordings. Reuters is reporting that the move signifies an uptick in regulatory...

Interviews & Exclusives
Eurozone’s 9.2% Headline Inflation Rate Masks Deep Lingering Pain

January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]

Quick Reads
Netherlands Consumer Group Sues Amazon Over Privacy Violations

October 18, 2023
A Dutch consumer rights group is suing Amazon over its data tracking practices.  Stichting Data Bescherming Nederland (SDBN), a consumer rights group in the Netherlands, has filed a class-action lawsuit against Amazon, accusing the tech giant of violating the European Union’s privacy law, The Wall Street Journal (WSJ) reported Wednesday (Oct. 18). The lawsuit alleges that Amazon […]

EU Bank License To Boost Banking Circle Expansion

February 27, 2020
Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The company has been making a name for itself in financial...

Barclays’ New Luxembourg Branch To Cater To Global Corporates

November 26, 2019
Barclays has announced the launch of a new branch in Luxembourg that will provide multinational clients with transaction banking services. The branch, to be led by Snorre Tysland, will offer...

Luxembourg Regulator Raises Alexa Privacy Issues

August 08, 2019
The privacy watchdog in Luxembourg, where Amazon has its European headquarters, has reached out to Amazon to get more info about its voice assistant, Alexa, and what the company does...