#luxembourg

#luxembourg

Amazon is set to fire 370 people at its European headquarters in Luxembourg in the coming weeks, as Bloomberg reports. That accounts for about 8.5 percent of the workforce. Amazon initially planned to reduce its headcount there by 470, but under European Union law, companies have to negotiate layoffs with employee reps and, in some cases, governments. Amazon reportedly told employees at the European HQ in a memo the layoffs are "adjustments that reflect business needs and local strategies."

Prediction: Germany to win 3-0

Even though it's a small country, for various reasons I've found myself visiting this landlocked European destination on multiple occasions. It's a business and political hub, so work trips to Luxembourg are common, but I also find it a pleasant tourist city too. The aforementioned flight from London takes less than an hour and if you depart from London City Airport you can breeze through security in less than 5 minutes. Seriously, I timed it and that number is actually on the high side.

Missing out on the chance to skyrocket their way to the top of the Group A standings, the Falcons will know the importance of immediately dusting themselves down. Nevertheless, getting their World Cup qualifying campaign underway with a famous 2-0 victory at home against European icons Germany, Francesco Calzona's side have put six points on the board from their first three qualifying appearances.

Some might argue that we're committing too little too late; others will point out the volatility and speculative nature of the investment. Yet, given the FSIL's particular profile and mission, the fund's management board concluded that a 1% allocation strikes the right balance, while sending a clear message about bitcoin's long-term potential.

Luxembourg will enthrone a new head of state on Friday, as Grand Duke Henri abdicates his throne to son Guillaume. Grand Duke Henri, 70, will end his 25-year reign of the small European nation, that has a population of about 680,000 people, in a ceremony at the Grand Ducal Palace. The 43-year-old Guillaume will then be crowned and swear an oath to Luxembourg's constitution in front of guests such as the Dutch and Belgian royal couples.

Higer Bus has inaugurated its first European spare parts center and service station in Luxembourg, officially unveiled on July 7, strengthening after-sales support and logistics.

Several public transport operators are believed to have systematically invoiced services as having been carried out using electric buses, whereas in reality, a significant portion of these services was allegedly performed using diesel or hybrid vehicles. This practice enabled the operators to benefit from a higher remuneration rate reserved for zero-emission services. Consequently, the required corrective coefficients for not complying with the electrification obligations were not applied either and resulted in overbilling in the period between 2022 and 2024.