Economy· Page 2 of 4

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

  • The cylindrical tower headquarters of the Bank for International Settlements in Basel, Switzerland.
    Global economy

    BIS warns converging 'pressure points' leave global economy exposed

    In its Annual Economic Report, the Bank for International Settlements warns that a cluster of converging vulnerabilities leaves the global economy dangerously exposed, and urges policymakers to act before adjustments become costlier. The report's focus on sovereign-bond fragility and non-bank finance lands squarely on Luxembourg, the world's second-largest fund domicile.

    By Jonas Thill

  • The modern glass facade of the Luxembourg Stock Exchange headquarters in Luxembourg City under an overcast sky.
    Financial centre

    China Lists Record €5 Billion Euro Bond on Luxembourg Stock Exchange

    China's Ministry of Finance has listed a record €5 billion euro-denominated sovereign bond on the Luxembourg Stock Exchange, drawing €24.8 billion in orders and reinforcing the Grand Duchy's standing as Europe's leading venue for international debt.

    By Jonas Thill

  • The limestone-and-glass headquarters of the International Monetary Fund in Washington, D.C., with the IMF flag flying outside.
    Global economy

    IMF's departing chief economist says globalisation is being reshaped, not reversed

    Outgoing IMF chief economist Pierre-Olivier Gourinchas says globalisation is being transformed rather than dismantled, as supply chains adapt and the EU strikes deals that bypass the US. For Luxembourg — the world's most trade-open economy and second-largest fund centre — how global commerce is rewired is an existential question.

    By Jonas Thill

  • A fenced, abandoned construction excavation pit on a city-centre street in Esch-sur-Alzette, with an idle tower crane and terraced shopfronts under overcast light.
    Property dispute

    Developer Kindy Fritsch announces €130 million claim against city of Esch

    Luxembourg property developer Kindy Fritsch has announced a €130 million damages claim against Esch-sur-Alzette over the stalled Portal eent housing project, accusing the commune of deliberate sabotage. The figure, disclosed on LinkedIn rather than filed in court, would rank among the largest private claims against a Luxembourg municipality. It lands as Fritsch's empire faces insolvency and a major fraud investigation.

    By Marc Weber

  • Rows of tightly wound rolled-steel coils stacked in a steelworks loading yard, ready for export.
    Trade tensions

    Trump threatens 100% tariffs on EU goods over digital taxes

    Donald Trump has threatened to slap 100% tariffs on goods from any country that taxes US technology companies, a move that would override the EU-US trade deal due to take effect on 4 July. Brussels called the threat unjustified. Luxembourg's direct US exposure is small, but a blanket transatlantic tariff would strike at the steel exports, industry and financial services on which its open economy depends.

    By Jonas Thill

  • A darkened trading terminal screen filled with red, falling tickers and charts for AI and semiconductor stocks.
    Markets

    Market turbulence over AI-bubble fears reaches Luxembourg's funds

    A week of sharp swings in Asian and US tech stocks has revived fears that the AI investment boom is a bubble. For Luxembourg, the world's second-largest fund domicile, stretched tech valuations are a portfolio-level concern.

    By Jonas Thill

  • A dark, out-of-service ATM at a Bank Melli Iran branch in Tehran, its screen blank and a card reader covered.
    Cyber warfare

    Cyberattacks Freeze Card Payments at Iran's Biggest State Banks

    Two waves of cyberattacks in June 2026 disrupted card payments, ATMs and online banking at Iran's largest state banks, with a group calling itself Black Wolves claiming responsibility. The outages revive memories of the 2025 Predatory Sparrow assaults on Bank Sepah and the Nobitex crypto exchange, and underscore how financial-system sabotage has become a frontline weapon in the wider Middle East confrontation.

    By Marc Weber

  • An off-white-and-yellow plastic jug of Roundup glyphosate weedkiller standing on a garden-centre shelf.
    Courts & business

    US Supreme Court shields Bayer's Monsanto from Roundup cancer-warning lawsuits

    The US Supreme Court ruled 7-2 that federal pesticide law blocks state lawsuits accusing Bayer's Monsanto of failing to warn that Roundup causes cancer, a decision that could dismiss tens of thousands of claims and lifted Bayer's shares to their biggest gain since 2003.

    By Marc Weber

  • A modern glass-fronted Luxembourg insurance headquarters in the Leudelange office park under grey skies, carrying a green corporate emblem.
    Insurance

    DKV stays Luxembourg's top-up health leader; its expat arm is now Foyer's

    Despite its near-ubiquity in Luxembourg's private health cover, the DKV name now spans two separate companies in two different hands. DKV Luxembourg, the LALUX-owned top-up market leader, is firmly in business. The international, expatriate-focused insurer once branded 'DKV Globality' is a different story: rebranded Globality and owned by Munich Re's ERGO, it was sold to Foyer in a deal completed in 2023.

    By Jonas Thill

  • Modern glass office building of Luxembourg's national statistics institute with European Union and Luxembourg flags outside under an overcast sky.
    Economy

    Luxembourg's economy stalls in first quarter as euro area shrinks

    Luxembourg's real GDP was unchanged quarter-on-quarter in the first three months of 2026 and up 1.6% on the year, STATEC said, as the euro area as a whole shrank by 0.2%. Manufacturing and financial services dragged on activity while investment and public spending held it up, and STATEC has already trimmed its 2026 growth forecast.

    By Jonas Thill

  • A food-delivery cyclist seen from behind carrying a large bright cyan-blue Wolt insulated backpack on a pale-stone street in Luxembourg City.
    Gig economy

    Luxembourg moves to bring food-delivery couriers under employment law

    Luxembourg has tabled a bill to transpose the EU Platform Work Directive before its December 2026 deadline, creating a legal presumption that food-delivery couriers are employees, granting algorithmic-management rights, and tasking the ITM and CNPD with enforcement backed by fines of up to €25,000 per worker.

    By Jonas Thill

  • Modern glass-and-steel bank towers on Luxembourg City's Kirchberg plateau, with the gold-bronze twin towers of the EU Court of Justice behind, under an overcast sky.
    EU tax policy

    EU's corporate-tax simplification package draws muted reception in Luxembourg

    The European Commission's two-part corporate-tax simplification package, unveiled on 24 June, could save EU business up to €8 billion a year. But its biggest benefit is delayed eight years and conditional on unanimity, and it leaves the Pillar Two compliance burden largely intact — a modest result for Luxembourg, where tax is the financial centre's main competitive lever.

    By Marc Weber

  • A small white quadcopter drone in flight against a clear sky, with a faint low-Earth-orbit communications satellite suggested high above.
    Space & telecoms

    Luxembourg's OQ Technology connects drones to its 5G satellite network

    OQ Technology and Airbus say they achieved the first LEO 5G non-terrestrial-network connection to a flying drone, while a separate OQ test relayed edge-compressed video over its narrowband link. The throughput is tiny, and real-time HD video remains a stated future goal, but the standards-based, low-power approach is drawing defence interest and EU funding.

    By Marc Weber

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