Economy

Jobs, prices, the labour market, the financial centre, public finances and the businesses that drive Luxembourg's open, cross-border economy.

  • Skyroot’s slender blue-and-white Vikram-1 rocket standing on the launch pad at Sriharikota.
    India’s space economy

    Skyroot reaches orbit with India’s first privately developed orbital rocket

    Skyroot’s Vikram-1 reached a 450-kilometre orbit on its maiden flight, becoming India’s first privately developed rocket to place payloads in orbit. The test advances India’s commercial-space ambitions but does not yet prove a routine launch business.

    By Marc Weber

  • Raw cane sugar moves along a covered conveyor into a bulk carrier at the Port of Santos in Brazil.
    Washington’s widening trade offensive

    US to impose 25% tariff on a range of Brazilian goods

    The United States will impose an additional 25% tariff on a broad range of Brazilian imports from July 22. Brazil is activating its reciprocity law as the action tests Washington’s post-court trade strategy.

    By Marc Weber

  • The golden Porte de l'Europe towers and office buildings of Luxembourg City's Kirchberg financial district at dusk
    Sanctions

    US sanctions Iranian financier accused of investing embezzled funds through Luxembourg

    The US Treasury on 10 July sanctioned Dubai-based Iranian banker Ali Ansari, alleging he invested embezzled Iranian funds in property across Europe — including through Luxembourg-registered holding companies — for the benefit of supreme leader Mojtaba Khamenei and the Revolutionary Guard. Ansari is not on the EU sanctions list, leaving Luxembourg under no EU-law obligation to freeze his assets; its authorities have not commented.

    By Jonas Thill

  • Flat, empty farmland on the edge of Bissen, Luxembourg, rezoned for Google's planned data centre, under an overcast sky.
    Data centres

    Google's Bissen data centre draws objections over water and power as it advances

    Google's long-delayed €1 billion data centre in Bissen has cleared a key planning hurdle even as an environmental review drew some 170 objections over water use, electricity demand and land take — a local flashpoint in Europe's wider reckoning with the energy cost of the AI boom.

    By Marc Weber

  • The glass towers of the Court of Justice of the European Union on the Kirchberg plateau in Luxembourg, with EU flags outside.
    Digital Markets Act

    EU court in Luxembourg upholds Apple's 'gatekeeper' status

    The General Court of the European Union in Luxembourg dismissed Apple's challenge to its 'gatekeeper' designation under the Digital Markets Act on 8 July 2026, confirming that the App Store and iOS remain bound by the bloc's rules for Big Tech. Complaints over iMessage were ruled inadmissible. Apple may appeal to the Court of Justice.

    By Marc Weber

  • Euro banknotes and coins beside a Luxembourg income tax form and a pen on a wooden desk.
    Income tax

    Tax Classes in Luxembourg: Class 1, 1a and 2 Explained (2026)

    A plain-English guide to Luxembourg's income tax classes 1, 1a and 2 — who is in each, why class 2 saves married and partnered couples money through income splitting, how to change class after marriage or PACS, how cross-border workers are treated, and what Bill 8676's single tax class would change from 2028.

    By Marc Weber

  • Modern glass office towers of Luxembourg City's Kirchberg financial district under an overcast sky.
    Financial centre

    Ireland seeks EU supervision deal by October as Luxembourg's fund centre resists

    As Ireland takes the EU chair, finance minister Simon Harris is pressing for a deal by October on centralising financial supervision under ESMA — a drive Luxembourg's fund industry has long resisted, while a parallel tobacco-tax fight leaves the Grand Duchy on firmer ground.

    By Jonas Thill

  • An open POST Luxembourg street cabinet showing bundles of copper telephone wiring alongside a coil of yellow fibre.
    Telecoms

    Luxembourg's copper phone network nears its 2030 switch-off

    POST Luxembourg is winding down the country's copper fixed-line telephone network ahead of a definitive switch-off around 2030. Only 15,500 analogue copper connections were left at the end of 2025, and the regulator is urging customers to migrate to fibre and check every device — from alarms to lift phones and telecare pendants — that still dials out over the old line.

    By Marc Weber

navigateopenescclose