News
Financial stability: Luxembourg retains 'AAA' rating, S&P confirms
2+ hour, 10+ min ago (199+ words) Nonetheless, the Grand Duchy is holding up reasonably well and the outlook remains stable. As of 30 January 2026, S&P Global Ratings, one of the world's three major rating agencies, confirmed Luxembourg's "AAA" rating with a stable outlook, according to the…...
Announced on Truth social media: Trump picks former US Fed official as next central bank chief
11+ hour, 49+ min ago (674+ words) President Donald Trump said Friday he would nominate former Federal Reserve governor Kevin Warsh to be the next US central bank chief, a move that has sparked cautious optimism among observers. The decision caps a highly publicized search for a…...
Europe's fourth largest economy: Spain unemployment drops below 10% in first since 2008
3+ day, 22+ hour ago (208+ words) Spain's historically stubborn unemployment fell below 10 percent in the fourth quarter of last year, official data showed on Tuesday, a first since the 2008 financial crisis. The jobless rate in the European Union's fourth-largest economy was 9.93 percent in the period, 0.52 percentage…...
Georges Heinrich interview: Defence bonds 'political marketing,' says former treasury head
2+ week, 21+ hour ago (219+ words) The government's latest issue of defence bonds sold out in less than 24 hours following their launch on Thursday. Five Luxembourgish banks participated in the initiative, including Raiffeisen, which was issuing government bonds for the first time. It was therefore a…...
2.25% fixed interest: Government launches defence bonds to raise €150 million
2+ week, 1+ day ago (241+ words) Minister of Finance Gilles Roth and Minister of Defence Yuriko Backes officially launched the defence bonds at 2pm at a press briefing, confirming the interest rate will be fixed at 2.25%. The three-year bond is designed to help fund national defence and…...
Housing market: Wide gap persists between fixed and variable mortgage rates in Luxembourg
3+ week, 4+ day ago (171+ words) Housing market: Wide gap persists between fixed and variable mortgage rates in Luxembourg'RTL Today Housing marketWide gap persists between fixed and variable mortgage rates in Luxembourg Data collected by the Central Bank of Luxembourg (BCL) show that homebuyers continue to…...
In Venezuela, price of US dollar up 479 percent in a year
4+ week, 2+ day ago (273+ words) Venezuela, currently in the throes of an escalating crisis with the United States, closed the books Wednesday on a complicated year for its economy, with the official cost of buying a US dollar up 479 percent in the last 12 months. The…...
Xi says China to hit 2025 growth target of 'around 5 percent"
1+ mon, 2+ hour ago (312+ words) China's economy is expected to have grown "around five percent" in 2025, President Xi Jinping said on Wednesday, despite "pressure" during a year he described as "very unusual", state media reported. The announcement came in Xi's New Year's Eve speech to…...
Key figures: Silver slips lower in mixed end to Asia trading year
1+ mon, 11+ hour ago (560+ words) Silver slipped further as Asian markets presented a mixed picture in the the final trading day of 2025 on Wednesday, with some stocks tracking Wall Street losses as investors eyed a New Year break. Silver dipped nearly nine percent by mid-afternoon…...
Record highs: US stocks edge lower from records as precious metals surge
1+ mon, 4+ day ago (380+ words) Wall Street stocks edged down from records on Friday amid holiday-thinned trading while precious metals extended their year-long surge to record highs. Silver topped $75 an ounce for the first time while gold also pushed to a fresh record price, with…...