Luxembourg

European ministers met in Luxembourg to discuss a 'business case' for addressing extreme heat, acknowledging Europe as the world's fastest-warming continent. The meeting focused on strategies to cope with rising temperatures.

Ripple has obtained a full MiCA license in Luxembourg, completing its licensing process under the Markets in Crypto-Assets regulation. This approval allows Ripple to offer regulated crypto-asset services across the European Economic Area.

Ripple's preliminary crypto asset provider license in Luxembourg has been upgraded to fully compliant status. The regulatory update reflects approval of Ripple's operations as a crypto asset provider in the jurisdiction.

Ripple secured full MiCA CASP authorization from Luxembourg for regulated crypto services across all 30 European Economic Area countries. The approval enables Ripple to operate legally in this region under the MiCA regulatory framework.

Bernard Arnault and his wife face a €22.5 million tax assessment in France, including additional contributions for 2010 and wealth solidarity tax for 2012-2015. The Paris administrative court of appeal's decision will be appealed to the Council of State.

The article discusses the EU judges' opaque handling of potential conflicts of interest. Ursula von der Leyen, president of the European Commission, took her oath of office at the Court of Justice of the European Union in Luxembourg.

Sweden’s environment minister Romina Pourmokhtari brought her three-month-old son to an EU ministerial meeting in Luxembourg, marking the first time a baby attended such a meeting. She emphasized the possibility of balancing ministerial duties with motherhood, supported by colleagues like French official Monique Barbut and Spain’s Climate Minister Sara Aagesen.

The article discusses the tension between green policies and efficiency in Luxembourg, focusing on topics such as REACH reform, car CO2 standards, and the expansion of the Council summit.

Ripple has obtained preliminary CASP approval in Luxembourg ahead of the July 1 EU MiCA deadline. The company is among those racing to secure crypto licensing under the new regulations.

The EU's next seven-year budget debate intensifies as ministers meet in Luxembourg. The U.S. ambassador to the EU's exclusive diplomatic dinners in Brussels are ending, causing concern among diplomats. A think tank linked to former prime minister Viktor Orbán faces challenges amid his upcoming visit.

Ukraine and Moldova are set to begin the first phase of EU membership negotiations, facilitated by the election of a new Hungarian government. The negotiations, starting in Luxembourg, mark a symbolic step for both former Soviet Union countries amid Russia's intensified attacks on Ukraine.

Luxembourg's financial regulator approved Israel's diaspora bond program after Ireland withdrew due to public pressure over Gaza-related accusations. The bonds, marketed as support for Israel's military campaigns, face claims of complicity in genocide under international law.

Zodia Custody secured a Luxembourg payment licence from the CSSF, enabling regulated stablecoin custody and transfers across the EU.

Digital ministers are traveling to Luxembourg, with the article also noting CAIDA, a lack of enthusiasm for an AI committee, and a Nintendo complaint.

President William Ruto launched the Kenya-Benelux Chamber of Commerce in Brussels to strengthen trade and investment ties between Kenya and the Benelux region, which includes Belgium, the Netherlands, and Luxembourg.

Hungary is preparing to lift its veto on Ukraine's EU accession bid, signaling openness for Ukraine and Moldova to initiate the first cluster of talks at a Luxembourg conference on June 15. The shift follows negotiations on ethnic Hungarians' rights in Ukraine and ongoing EU ambassador discussions to finalize a joint position.

Qivalis has expanded its euro stablecoin consortium to include 37 banks, adding 25 European institutions to the group, which now includes Luxembourg's state-owned Spuerkeess. This expansion increases the consortium's reach and potential impact on the financial sector. The growth of the consortium may lead to increased adoption of euro stablecoins.

A zero-day attack by Huawei led to the crash of Luxembourg's entire telecoms network last year, with no evidence of recurrence but the flaw remains unexplained. The incident has not been publicly acknowledged by the company. The cause and impact of the attack are still unclear.

B2C2 has secured a MiCA license in Luxembourg, allowing the company to offer OTC trading services across all EU member states and three EEA countries. This expansion enables B2C2 to extend its OTC spot trading services. The license is a significant development for B2C2's operations in the EU.

State Street announced plans to launch tokenized fund servicing from Luxembourg by the end of 2026, aligning with growing industry predictions of a tokenization boom.

Canadian Prime Minister Mark Carney defended Canada's NATO commitments despite missing the 2% defense spending target until 2025. U.S. President Donald Trump criticized NATO allies for insufficient support, while NATO Secretary-General Mark Rutte praised Trump's push for alliance spending benchmarks.