Luxembourg has levied the third highest amount of total fines enforcing the EU’s General Data Protection Regulation (GDPR) since the data privacy rules took effect eight years ago. The Grand Duchy’s data protection watchdog slapped penalties totalling more than €740 million between May 2018 and January 2026, according to a survey released by the law […]
Continue ReadingEuropean Central Bank President Christine Lagarde said another volley of tariffs from US President Donald Trump would have only a minor impact on inflation in Europe. “If we look in the short term, the immediate effect is relatively minor,” Lagarde said Wednesday in an interview with RTL radio. According to the ECB chief, Trump’s latest […]
Continue ReadingThe German military reconnaissance team that arrived in Greenland on Friday is on its way back after a 44-hour deployment on the Arctic island, Bild newspaper reported on Sunday. The team of 15 was due to board a flight from the capital of Nuuk at midday, according to the German newspaper, which said the soldiers […]
Continue ReadingDonald Trump said he will hit European countries with fresh tariffs of 10% from next month until they agree to support his ambition to acquire Greenland. The US president said the new levies would apply to France, Germany, the UK, the Netherlands, Denmark, Norway, Sweden and Finland, and would rise to 25% in June. “We […]
Continue ReadingGerman investor Digital Transformation Capital Partners GmbH is on track to raise Europe’s largest-ever dedicated venture capital fund for defence startups, signing its first big backers for a fund targeting €500 million ($580 million). DTCP, which was spun out of Deutsche Telekom AG a decade ago, has closed investments from its anchor backers, managing partner […]
Continue ReadingEuropean Central Bank President Christine Lagarde said Bulgaria joining the euro area on Thursday is a testament to Europe’s ability to collaborate and defy international headwinds. “The euro is a powerful symbol of what Europe can achieve when we work together, and of the shared values and collective strength that we can leverage to confront […]
Continue ReadingThe Trump administration on Tuesday imposed visa sanctions on former European Union Commissioner Thierry Breton and four other people for trying to make American tech companies police political speech on their platforms. “For far too long, ideologues in Europe have led organized efforts to coerce American platforms to punish American viewpoints they oppose,” Secretary of […]
Continue ReadingRyanair has been fined nearly €256 million by Italy’s antitrust watchdog for allegedly using an “abusive strategy” to thwart customers who booked through travel agencies. The Rome-based competition authority said Europe’s most popular airline imposed barriers such as additional facial verification on those passengers, blocked certain agency bookings by disabling payments and deleting accounts, and […]
Continue ReadingPresident Donald Trump’s top trade negotiator critiqued the practices of two key US partners, the European Union and India, signalling that contentious talks are set to spill into the new year. US Trade Representative Jamieson Greer said he discussed EU regulation of American tech companies on Thursday with the bloc’s trade commissioner, Maros Sefcovic, and […]
Continue ReadingLuxembourg: Understanding social fractures in order to rethink the economy In Luxembourg, the housing crisis, economic inequalities, and rising poverty are raising questions about how the economy is organized. A cross-disciplinary analysis shows how to rethink land use, taxation, and the distribution of wealth.
Continue Reading