News
IT glitch at Adem delays 900 unemployment claims
1+ hour, 58+ min ago (365+ words) A computer bug at Luxembourg's job agency, the Agency for Employment Development (Adem), is delaying the processing of around 900 applications, temporarily preventing benefit payments, Labour Minister Marc Spautz confirmed on Wednesday. The issue could take one to two months to…...
Spain’s jobless rate drops below 10% for first time since 2008
2+ day, 7+ hour ago (373+ words) Spain's unemployment rate dipped below 10% at the end of 2025, the lowest level in almost 18 years. Joblessness was 9.93% in the three months through December, the statistics office said Tuesday, adding that almost 22.5 million people are now employed in Spain. In the…...
Knot is most likely heir to Lagarde at ECB, survey shows
1+ week, 6+ hour ago (1032+ words) Dutchman Klaas Knot is most likely to succeed Christine Lagarde at the helm of the European Central Bank, despite other candidates being better qualified, a Bloomberg survey of economists suggests. Knot, whose stint as head of the Netherlands" central bank…...
ECB’s Lagarde sees little impact on inflation from more tariffs
1+ week, 1+ day ago (274+ words) European 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. Luxembourg represented by European Central Bank in open letter that warned that independence is…...
Rise of over 20% in Luxembourg pensioners claiming benefits last year
1+ week, 1+ day ago (492+ words) The number of pensioners in Luxembourg who accessed certain benefits last year increased by more than 20% compared to the previous year, Family Minister Max Hahn said on Tuesday, attributing the rise to the streamlining of payments and increased promotion of…...
Luxembourg inflation fell to 3.3% in December, says Eurostat
1+ week, 3+ day ago (414+ words) Luxembourg's annual inflation rate fell to 3.3% in December, down from 3.6% in November, according to confirmed data published by the EU's official statistics agency Eurostat on Monday. The rate remained unchanged from an estimate published earlier this month by Eurostat for…...
Luxembourg defence bond sold out in under a day
1+ week, 6+ day ago (371+ words) A Luxembourg government bond to support increased military and security spending has completely sold out less than 24 hours after being opened to investors. The order book for "150 million in defence bonds opened on Thursday afternoon and the bond was fully…...
Global central bankers rally behind Powell amid Trump probe
2+ week, 1+ day ago (445+ words) Leaders representing 35 international central banks and central banking institutions, including the Luxembourg Central Bank (BCL), have signed a statement in support of US Federal Reserve Chief Jerome Powell. The Trump administration launched a criminal investigation into Powell over spending on…...
European fund managers raise concerns over criminal probe into US Fed chair
2+ week, 2+ day ago (663+ words) A criminal investigation into the head of the US Federal Reserve has risen concerns about the central bank's independence and has the potential to push up American bond rates and inflation, and drag down the dollar and US stock markets,…...
Trade between EU member states is slowing, data shows
2+ week, 2+ day ago (620+ words) Trade between EU member states has fallen for the first time in almost a decade outside of the pandemic, European Commission figures show, despite efforts to reboot the single market in the face of economic threats from China and the…...