Tag: Luxembourg

• Monday, September 8th 2025 - 14:51 UTC

  Uruguay paid US$64 million after Luxembourg account seizure not disclosed by previous government

  

  The Uruguayan state had its bank accounts in Luxembourg frozen for several months due to non-payment of an arbitration award over the closure of national airline Pluna. The situation, which affected 37 financial institutions, was uncovered by El País after accessing official documents through a freedom of information request.

• Thursday, January 6th 2022 - 00:18 UTC

  Luxembourg ends diplomatic mission in Nicaragua

  

  Luxembourg has announced the withdrawal of its embassy in Managua while diplomatic ties with Nicaragua will be handled by the Embassy in Washington, DC as of Feb. 1. Charge d'Affaires Joe Geisbusch will end his mission Jan. 30.

• Friday, August 9th 2019 - 08:39 UTC

  Luxembourg questions Amazon for information on Alexa voice assistant

  

  Luxembourg's privacy regulator has asked Amazon for information regarding its Alexa voice assistant, an indication of rising regulatory unease over companies' use of personal data.

• Thursday, January 24th 2019 - 07:26 UTC

  Luxembourg reaping London's financial services triggered by Brexit

  

  Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.

• Tuesday, May 8th 2018 - 08:08 UTC

  Overseas accounts of 35.000 Argentines caught in the taxman's web

  

  Argentina's Internal Revenue Service, AFIP, announced it had received information on 35.000 overseas bank accounts held by Argentines, which should make it easier to control payment deadlines of the respective sworn statements on taxes, profits and assets.

• Friday, April 20th 2018 - 09:51 UTC

  European Court of Justice rules airlines must compensate passengers for delays and cancellations

  

  The European Court of Justice in Luxembourg ruled that airlines must compensate their passengers for flight delays and cancellations, even though the reason for this was a strike by airline staff. The airlines are now facing a wave claims, because this ruling applies to all previous airline strikes and new ones.

• Tuesday, June 21st 2011 - 21:35 UTC

  Luxembourg has highest EU GDP per capita; 6.5 times Bulgaria

  

  Luxembourg is by far the richest country in the European Union in terms of GDP per capita, more than six times more affluent than the 27-nation bloc's poorest member Bulgaria, data showed.

• Thursday, May 13th 2010 - 11:01 UTC

  Europe Calls on Bulgaria, Cyprus, Denmark and Finland to Reduce Budget Deficits

  

  Government deficits in Bulgaria, Cyprus, Denmark and Finland have gone too far over the 3% of GDP reference value for the European Union and need to be brought down through stronger budget consolidation measures, concluded the European Commission in reports considered on Wednesday.