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Looking green: European Commission President Ursula von der Leyen during her European tour, here in Vienna on Monday
the eurocrat

From plan to cash: the EU's road to recovery

A look at what's on the political agenda of the European Union this week
by Beatriz Ríos 4 min. 21.06.2021
Bookshelves with books. New York City, NY, USA
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Three ways for business owners to promote diversity and inclusion within their company

The Fourth Industrial Revolution will drive a fundamental shift in the relationship between humans and machines.
Economy Minister Franz Fayot presented Luxembourg's plans to digitise the economy at a press conference on Monday
Alter Domus has its headquarters in the Cloche d'Or district in Luxembourg
Polls suggest that Armin Laschet is on course to become Germany's next chancellor in September's election
Iran's President-elect Ebrahim Raisi arrives for his first press conference in the capital Tehran on Monday
Marine Le Pen leaves a polling booth prior to casting her vote in Henin-Beaumont, northern France, on Sunday
The UK's strong performance was driven by London's status as the leading city for financial services investment
The disappearance of Jurgen Conings in mid-May sparked a cross-border manhunt involving Luxembourg special forces and Interpol
EU Commissioner for Competition Margrethe Vestager has denied that the Digital Markets Act will only target American firms
The EU's anti-fraud office, OLAF, recommended the EIB should discipline dozens of its own staff following the investigation
Top stories

Top five stories you may have missed

In case you missed them, the Luxembourg Times has selected the best stories of the week for you
4 min. 19.06.2021
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New challenges on pricing intragroup financial guarantees.

Following the Covid 19 outbreak, raising capital became more cumbersome. Multinational groups could use intragroup financial guarantees to decrease their cost of funding. New guidance has been published to price such guarantees at arm’s length conditions, increasing scrutiny by tax authorities.
Sketch of an Ichthyosaurus
Luxembourg finance minister Pierre Gramegna
Paulette Lenert, the public face of Luxembourg's fight against the coronavirus, is the country's most popular politician
The European Central Bank is examining the prospect of introducing a digital euro
Digital currency

Digital euro will guard consumer privacy, says ECB executive

However, Fabio Panetta also acknowledges there will need to be regulatory measures to protect against misuse of data
4 min. 20.06.2021
People in the UK have built up the most savings during the pandemic, according to a survey in 17 countries

British hoard more cash than other countries during pandemic

UK tops poll of 17 nations for savings accrued during more than a year of lockdowns, with around €291 billion in estimated spare cash
2 min. 19.06.2021
Cristiano Ronaldo moved Coca-Cola bottles which had been placed in front of him at a press conference on Monday, replacing them with water
Danske Bank in central Stockholm, Sweden
Cristiano Ronaldo had removed two bottles of Coca-Cola in front of him and urged people to drink water instead
Luxembourg is the largest destination for ESG funds
The European Commission has cleared eight previously barred banks to handle bond sales for the EU’s €800bn recovery fund

EU clears banks originally barred from bond deals

Commission enables eight lenders to handle transactions again after evidence of "remedial measures" taken following previous rule breaches
2 min. 19.06.2021
A vial of the AstraZeneca/Oxford coronavirus vaccine

AstraZeneca and EU both declare victory over vaccine supply spat

The company must supply 80.2 million doses of the shot by 27 September, only about 10 million more doses than Astra has already sent the EU
European Commission President Ursula von der Leyen and Luxembourg Prime Minister Xavier Bettel in Betzdorf, Luxembourg on 18 June
The European Investment Bank is headquartered in the Kirchberg district of Luxembourg City
Supporters of Iran's newly-elected president Ebrahim Raisi celebrate his victory in the capital Tehran on Sunday

World powers meet on nuclear deal after Iran hardliner wins

Discussions in Vienna aim to revive agreement following election of Ebrahim Raisi as Iran's new President
3 min. 20.06.2021
Ebrahim Raisi has been elected as Iran's new President
Kathy Bates plays the character of Ruth Whitefeather Feldman in the Netflix series Disjointed

“Disjointed” is the swampy bong water of weed culture

Netflix series is an offensive misrepresentation of cannabis and its users
by Natalia DEMBOWSKA 4 min. 18.06.2021
the garden path
Lina Peller in her role as Steph, a character that bears resemblance to playwright Stephanie Ridings
theatre review
The Covid-19 has been a fertile ground for all kinds of conspiracy theories
Brasserie Bosso in Grund has a great choice of dishes including spätzle

City dining on a budget

Want to dine out as much as possible now restrictions are relaxing? Here's our take on budget eats in the city with mains from €10-15
by Sarita Rao 4 min. 19.06.2021
You can visit 33 countries on a digital interrail pass
That familiar sign that means your journey is going to take an unexpected detour
The tradition of celebrating on 23 June started with Grand Duchess Charlotte