Luxembourg 10th in attracting and keeping talent: https://www.wort.lu/en/business/institute-for-management-development-luxembourg-10th-in-attracting-keeping-talent-study-shows-5a1ac200c1097cee25b77ddc Luxembourg City's ice skate rink: https://www.wort.lu/en/luxembourg/place-guillaume-ii-get-your-skates-on-for-luxembourg-city-s-ice-rink-5a12abc3c1097cee25b778a5 LIBO Book shop near the centre station to close: https://www.wort.lu/en/luxembourg/luxembourg-city-libo-bookshop-in-luxembourg-city-main-train-station-to-close-5a0ae541c1097cee25b773c4 Amazon prime launched in Luxembourg: https://www.wort.lu/en/luxembourg/next-day-delivery-amazon-prime-launches-in-luxembourg-5a01cde1c1097cee25b76e04 Flybe to continue Lux-Manchester route: https://www.wort.lu/en/luxembourg/flights-flybe-to-continue-manchester-luxembourg-route-5a0abc10c1097cee25b773a0 Housing market in Lux maybe on the verge of overheating: https://www.wort.lu/en/luxembourg/survey-luxembourg-housing-market-may-be-on-verge-of-overheating-bil-says-5a12a307c1097cee25b7789c TRAVEL + LEISURE: Long distance flights can get super cheap in 2018: http://www.travelandleisure.com/airlines-airports/long-haul-flights-getting-cheaper Traveling in Andes: https://www.theguardian.com/travel/2017/dec/07/andes-mountains-south-america-readers-tips Rise of solo travellers: https://www.brides.com/story/mono-moon-solo-travel-ideas 10 affordable beach getaways: http://time.com/money/5040694/10-affordable-beach-getaways-to-cure-your-winter-blues/ FINANCE: Bitcoin futures trading brings cryptocurrency mainstream: http://fortune.com/2017/12/09/bitcoin-mainstream-finance/ Must reads of 2017 - from finance to extinction: https://www.bloomberg.com/view/articles/2017-12-07/must-reads-of-2017-from-finance-to-extinction The next finance crash will look a lot different: https://finance.yahoo.com/news/next-stock-market-crash-look-110200769.html Tech's next big prey: Big Finance https://www.axios.com/silicon-valley-wants-to-become-the-next-wall-street-2513498729.html
Tesla Model S is going to be a Police Patrol car in Luxembourg: http://bit.ly/2xfiBwZ Luxembourg is set out as ideal location for international clients: http://bit.ly/2vdhNrb Interesting offers: Job: Luxembourg Govt. Department Space project manager: http://bit.ly/2fUxAJy EUR 700 iMac for sale: http://bit.ly/2wdEUGN 2 Bed room apartment for rent: http://bit.ly/2ifDk19 Private Yoga Session: http://bit.ly/2fWMxKU This week has been relatively a quiet week. We are constantly growing as a community on the www.luxexpats.lu platform. List your Events, Jobs, and Services. www.luxexpats.lu Forward to your friends to SignUp. We surpassed 35000 views.
Here are some of the top stories in Luxembourg THIS WEEK: Contaminated eggs: There has been controversy in Luxembourg about contaminated eggs being sold. Some, apparently, were sold in AlDI Luxembourg. At best, it seems like it's a good idea to stay away from eggs until this controversy dies down a bit. https://www.wort.lu/en/luxembourg/fipronil-contaminated-eggs-sold-by-aldi-in-luxembourg-5989e585a5e74263e13c573f Asylum seeking: Luxembourg is said to have received more than 1500 applications seeking Asylum in Luxembourg. The country is obviously a place with high quality of life and has a welcoming asylum environment. With the ongoing conflicts in the Middle East, and many parts of Africa, asylum seekers continue to arrive in Luxembourg. https://www.wort.lu/en/luxembourg/statec-more-than-1-300-applications-for-asylum-in-luxembourg-so-far-this-year-598b2450a5e74263e13c580a Brexit spoils: Luxembourg continues to attract asset management firms from the spoils of Brexit. Standard Life CEO's sees the Luxembourg environment in the same light. However, there is fierce competition from Frankfurt, Paris, Dublin, and Amsterdam for many of the Brexit spoils. We will continue to see more engagement here: https://www.wort.lu/en/luxembourg/brexit-relocations-standard-life-ceo-luxembourg-part-of-top-destinations-for-asset-management-598acbaca5e74263e13c57ac Space mining law: Luxembourg has introduced space mining law, with some calling it cutting-edge, and others taking issue with it to starting the race of claiming the space resources to a country. Space mining as a space for business is just at the very beginning. There are many more debates to happen before things are coming to a stable agreement. One thing however is clear, Luxembourg has raised its hand that it wants to be an important player as and when space mining takes off. Kudos to Luxembourg to be an early mover and positioning itself in the midst of this debate. https://www.lexology.com/library/detail.aspx?g=9f36c5ed-2527-4ddb-b5fe-662dd724f674 IP taxation: Intellectual Property taxation has been given some special treatment in Luxembourg. This according to EU and other requirements cannot be that straightforward and some of the special treatments are to be done away with. read more here: http://www.jdsupra.com/legalnews/luxembourg-announces-new-ip-tax-regime-68000/ New HQ for LuxCargo: And finally today, LuxCargo has plans for building a new HQ in Sandweiler. http://delano.lu/d/detail/news/cargolux-unveils-new-sandweiler-hq-plans/152974
Luxembourg is going through a phase of transformation driven by technology. We all know that Luxembourg is known for financial services and the country boast of the second largest fund industry in the world, next only to the US. However, as Luxembourg very well knows from its steel manufacturing times, this leadership do not last forever. The world tries to constantly catch-up and Luxembourg has to reinvent itself regularly to move forward. Many of us also work in the adjoining and support industries of finance such as legal, accounting, tax, and real-estate etc. There are other industries in Luxembourg that has also been successful such as Satellite (SES), Cargo (Luxcargo is one of the biggest operations of its kind in Europe), and needless to say some of the critical EU institutions such as European Investment Bank, European Court of Justice etc. are based in Luxembourg. Not bad for a country of half-a-million to accomplish all these. Luxembourg, therefore, can competitively lay claim to the title of "Singapore of Europe". With the robust financial regulatory authority such as CSSF, and the Luxembourg Stock Exchange, these claims can be backed by facts. However, Luxembourg knows that it has to take leadership in the ongoing changes driven by technology. Hence a number of initiatives have been taken up by Luxembourg in this regard. We would mention some initiatives below, and elaborate on this further in the subsequent articles. Fintech: Fintech is the marriage between Financial services and technology. The rise of technology in disrupting how banking is delivered and how customers interacts with banks and financial institution. From reaching the unbanked population to delivering real-time financial services are all disrupted by technology today. This development has direct impact on Luxembourg's Financial services leadership. To this development, Luxembourg is adapting rapidly and aims to be the European leader in Fintech and faces some heavy competition in this space from other places, in particular from London. Space: The success of SES has positioned to Luxembourg to aim for bigger rewards in the ongoing space revolution. For much of the last century, space operations have been publicly funded and is driven by country's political leaderships. Export of space technologies have been heavily regulated and private industry has largely been kept out. When people realized that we carry much more computing power in our smart phones than a number of satellites, something fundamentally changed. The rise of nano satellites, space mining and more have become a competitive field for private innovators and entrepreneurs. Luxembourg is looking to take leadership position in space mining and we will elaborate on this in our subsequent posts. Cyber Security: If you're connected to the Internet, you're vulnerable that someone can hack into it. The best way to be safe is to be not connected. However, this is not an option since Internet is here to stay and gobbling every thing out there in what is called as Internet of Things (IoT). From Tesla car's online update to your dashboard to eventual control of refrigerator to everything at home, desk, and plant, every thing will eventually be plugged into to the Internet and delivering security in this space is simply critical. In this scenario, Fintech relies heavily on cyber security and Luxembourg is working on this field as well. Luxembourg knows that it's very leadership and wealth comes from adapting to the world's changes fast. As a small country with a savvy political team and institutions, Luxembourg's advantage is that it can move rapidly than bigger countries. Fingers crossed for this journey for Luxembourg, and it's definitely a country on the move. ----- If you like your article to be featured on LuxExpats, reach out to us at email@example.com
By Philip Rucker and Chris Mooney June 1 at 3:49 PM President Trump announced Thursday afternoon that he is withdrawing the United States from the landmark Paris climate agreement, a move that honors a campaign promise but risks rupturing global alliances and disappointing both environmentalists and corporate titans. But Trump said he would seek to negotiate a new climate deal that is, in his view, “fair” to America’s interests. “In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord but begin negotiations to reenter either the Paris accord or an entirely new transaction on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers,” Trump said. “We’re getting out,” he added, “but we will start to negotiate and we will see if we can make a deal that’s fair. If we can, that’s great. If we can’t, that’s fine.” Trump argued that the Paris agreement would “punish” the United States and instituted “onerous energy restrictions” that would stymie economic growth, especially in manufacturing industries. The president claimed that meeting the accord’s greenhouse gas emission standards would cost the United States close to $3 trillion in lost gross domestic product and 6.5 million industrial jobs. Play Video 2:05 Trump has decided to pull the U.S. out of the Paris Agreement. Here's what you need to know. Trump has decided to pull the U.S. out of the Paris Agreement. Here's what you need to know. (Daron Taylor/The Washington Post) The U.S. exit from the climate pact could raise doubts about the commitment of the world’s largest economy to curbing global warming and make it more difficult to hold other nations to their environmental commitments. All but two countries — Nicaragua and Syria — signed onto the 2015 accord, which was a signature diplomatic achievement for President Barack Obama. Trump was preparing to make his decision official in remarks from the Rose Garden at the White House. The atmosphere was celebratory, with a military band performing “Summertime” and other jazz hits as Cabinet members, White House staffers, conservative activists and other Trump supporters took their seats in the garden under the warm sun. The Paris agreement has long divided the Trump administration, with the president taking much of the spring to make up his mind amid an intense campaign by both sides to influence his decision. Sour Secretary of State Rex Tillerson and Ivanka Trump, the president’s daughter and adviser, are among those who urged him to stay in the deal, arguing it would be beneficial to the United States to remain part of negotiations and meetings surrounding the agreement as a matter of leverage and influence. White House chief strategist Stephen K. Bannon and Environmental Protection Agency Administrator Scott Pruitt pushed for a withdrawal, which probably can’t actually be finalized until near the end of Trump’s term. They, along with other hard-line conservatives, have sought to convince Trump that meeting the terms of the agreement would be harmful to the bottom lines of U.S. businesses and would jeopardize manufacturing jobs, especially in the Midwest and other regions where Trump found deep support in last year’s election. All but two countries are in the Paris climate agreement. The U.S. could be the third. VIEW GRAPHIC Introducing Trump at the Rose Garden, Vice President Pence said the climate decision was an example of the president putting what he sees as the interests of the United States above all else. “Our president is choosing to put American jobs and American consumers first,” Pence said. “Our president is choosing to put American energy and American industry first. And by his action today, President Trump is choosing to put the forgotten men and women first.” Condemnations of Trump’s decision from environmental leaders as well as Democrats on Capitol Hill arrived quickly Thursday afternoon. “This decision shows a stunning disregard for the well-being of people and the planet,” said Andrew Steer, chief executive of the World Resources Institute. “President Trump will now have to answer for walking away from one of the most hard-fought and popular global achievements in recent memory.” Sen. Sheldon Whitehouse (D-R.I.), who regularly speaks from the Senate floor about the perils of global warming, said Trump was “betraying the country.” “Ignoring reality and leaving the Paris Agreement could go down as one of the worst foreign policy blunders in our nation’s history, isolating the U.S. further after Trump’s shockingly bad European trip,” Whitehouse said in a statement. “Trump is betraying the country, in the service of Breitbart fake news, the shameless fossil fuel industry, and the Koch brothers’ climate denial operation. It’s sad.” Gina McCarthy, Obama’s EPA administrator when the Paris agreement was negotiated, said in a statement, “It’s a disappointing and embarrassing day for the United States.” “This decision makes zero sense from a public health or an economic perspective,” McCarthy continued. “It’s contrary to science and his obligation to protect America’s kids and future generations. It’s contrary to investors and CEOs saying we need to lean in on climate action, not bury our heads in the sand. And it’s contrary to... the vast majority of Americans calling for our country to do more.” More than 190 nations agreed to the accord in December 2015 in Paris, and 147 have since formally ratified or otherwise joined it, including the United States — representing more than 80 percent of the world’s greenhouse gas emissions. It’s also heavily backed by U.S. and global corporations, including oil giants Royal Dutch Shell, ExxonMobil and BP. Large corporations, especially those operating in international markets, have had years to get used to the idea that there are likely to be reductions on carbon emissions, and they have been adapting their businesses accordingly for some time. Withdrawing the United States from the agreement could take years due to the accord’s legal structure and language, but such a move would weaken its goals almost immediately. The United States is the world’s second-largest greenhouse gas emitter and would otherwise have accounted for 21 percent of the total emissions reductions achieved by the accord through 2030. The Paris agreement is designed to set the world on a path toward keeping the warming of the planet “well below” a 2 degrees Celsius (3.6 degrees Fahrenheit) rise above preindustrial temperatures, an amount of warming that scientists would consider “dangerous” climate change. Hans Joachim Schellnhuber, a physicist who founded the Potsdam Institute for Climate Impact Research in Germany, said that the United States departing from the deal could make the planet a few tenths of a degree Celsius warmer, based on the assumption that the world carries ahead with its plans while the United States keeps on emitting greenhouse gases as usual. But he emphasized that’s still a significant increase — especially if the goal is ultimately to hold the planet to an even more ambitious 1.5 degree Celsius, another target cited in the Paris agreement. subscribe The story must be told. Your subscription supports journalism that matters. Try 1 month for 99¢ “It would mean the remaining distance between the guardrails and where we stand right now would be halved by the U.S. contribution,” Schellnhuber said. “And this is significant, because it’s a narrow escape anyway.” Schellnhuber says he thinks that other countries would not follow the United States out of the accord, and instead are likely to keep on pushing to cut their emissions, meaning they may be able to offset the United States’ departure from the agreement. But the diplomatic repercussions of a U.S. withdrawal could be vast, as demonstrated when European leaders last week pushed Trump to stay in the climate deal at the G-7 meeting in Italy. Trump appeared unswayed, and a communique coming out of the meeting pointedly failed to include the United States among G-7 countries backing the agreement. Some environmentalists warned that pulling out of the deal will be disastrous. “If Donald Trump pulls the United States out of the Paris Agreement he will be committing a traitorous act of war against the American people,” Billionaire environmental activist and mega-political donor Tom Steyer said in a statement. “Trump has abdicated American leadership and sent a clear message to both our allies and enemies alike: In the search for courageous and moral solutions to the challenges of the 21st century, don’t count on America to lead.”
In Sweden there’s a constitutional right they call allemansrätten. It’s a national concept of “freedom to roam” that allows anyone the right to access, walk, cycle, or camp on any land (the only exceptions being private residences, as well as gardens and lands under cultivation). To get the rest of the world to try it out, they just listed the entire country on Airbnb. It appears that Sweden’s tourism is in the throes of a marketing contest. Last year the Swedish Tourist Association with agency Ingo created “The Swedish Number,” that allowed anyone, anywhere in the world, to dial in and be connected to a random Swede to chat about the country. Now Visit Sweden (the country’s global marketing department) working with agency Forsman & Bodenfors, is getting its own brand buzz with the help of Airbnb. There are nine different “listings,” ranging from a rustic forest retreat in Varmland on the country’s west coast, to cliffs with panoramic ocean views close to Skuleskogen National Park. According to Visit Sweden, it’s the first partnership of its kind with Airbnb, and, as gimmicks go, let’s hope there isn’t a rush of copycats. That said, it’s easy to imagine Airbnb jumping head first into allowing more tourism marketing like this the chance to target us directly from within the platform–for a price of course. In this case, Jenny Kaiser, president of Visit Sweden’s US office, says the arrangement between Visit Sweden and Airbnb wasn’t a paid placement. “As the initiative is a pure branding campaign for Sweden as a destination, the partnership is strategic for both parties and no payment has been done from/to either side,” Kaiser says. Read more here www.fastcompany.com/40423398/sweden-has-listed-the-entire-country-on-airbnb
If you were 90 years old, what would you tell your younger self? You'd certainly have some inspiring lessons and secrets to life, especially with 9 decades of accumulated wisdom, right? Well, 45 of these life lessons were written by Regina Brett, but in fact, Regina is not 90. In 2006, the Internet spun her piece into a viral hornet's nest and the lessons were mistakenly attributed to a 90-year-old. In reality, Regina shared these lessons right before her 45th birthday. I personally stumbled upon (literally) the article the other night, also thinking that it truly could have originated from a 90-year-old, and was left feeling quite humbled. After I did some more research and realizing writer's age gap, I still challenged myself to fast forward 6 decades and reflect on these 45 lessons and ask, "What would I really tell a younger Tom?". As a result, Regina's initial list has been compiled into 7 secrets and brief explanations that really do serve as powerful perspective, regardless of the writer's age. Who knows--they may even change the way you live your life. 1. When in doubt, just take the next small step. Sure, it's easy to take a step or two you in life that leaves you feeling afraid or regretful. But one small step after another eventually gets you across the finish line and you can learn from whatever doesn't work. Forward progress. Always. 2. Your job won't take care of you when you are sick. Your friends and family will. Work is important. But it's people who give meaning to that work who will share its rewards with you. Be thankful and kind--take time to smell the roses with people you love. 3. Don't compare your life to others. You have no idea what their journey is about. We all have our own life experiences, strengths, weaknesses, personalities and motivators. That means we're all running a different race, all learning different lessons at different times. So define success based on where you are and where you want to go, not by where others might happen to be. 4. When it comes to going after what you love in life, don't take no for an answer. People are going to tell you you can't, that you're crazy, and 'no'. But your persistence and resilience can lift you in life, no matter where that might happen to be. The only limitations you have are the ones you give yourself--so say 'no' to those limits. 5. What other people think of you is none of your business. What is your business is staying focused on the work you're doing or the individual you aspire to be. As long as you work with integrity, be who you are and stay the course. Everything else is noise. 6. No matter how you feel, get up, dress up, and show up. Life requires participation. So does success. Be mentally and physically present or someone else will. 7. Yield. You're not going to be right 100% of the time. Others have expertise, too. Pick your battles wisely and admit when backing down is the right option. Bonus lesson: Don't wait until you're 90 to apply this stuff. The opinions expressed here by Inc.com columnists are their own, not those of Inc.com. Source: Inc.com
Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. While many find the Grand Duchy a multilingual paradise, would-be expats are being warned not to expect the cosmopolitan lifestyle they currently enjoy in London and that they should prepare to spend long hours on clogged roads. “It will be crazy,” said Jose Pedro Fernandes, a 56-year-old taxi driver, who moved to Luxembourg from Portugal 15 years ago and earns a living transporting financial workers around the jammed capital that lacks a subway and suffers from inadequate bus services. Traffic congestion has become “unbearable,” according to Fernandes, because of construction sites everywhere to create a new tram line and a wave of new office buildings that can be seen popping up in and around Luxembourg city, the capital of by far the EU’s richest state. AIG in March said it will open an operation in Luxembourg following the U.K.’s vote to leave the European Union. U.S. insurer FM Global and Lloyd’s of London insurer Hiscox Plc., as well as private equity firm Blackstone also chose Luxembourg as their new EU hub. JPMorgan this month said it plans to move hundreds of London-based bankers to expanded offices in Luxembourg, Dublin and Frankfurt. Liver Dumplings Culturally and socially, Luxembourg has been trying to adapt to the growing demands of its wealthy population and a likely influx of financiers from the U.K. capital. Celebrity artists now regularly pay a visit and, unlike in bigger cities, it’s still easy to snap up a ticket for shows. Well-paid bankers and their families won’t starve. What Luxembourg lacks in sandwich bars it makes up for with 11 Michelin starred restaurants often serving regional delicacies such as black pudding and liver dumplings washed down with Pinot Gris. Still, Luxembourg is light years behind London when it comes to things to do and places to hang out. The U.K. capital was last year ranked best city in the world for quality of life, ahead of Paris and New York, in a PricewaterhouseCoopers survey. “There’s no atmosphere in the city in the evening,” said Chris Edward, U.K. country manager at Lombard International Assurance, who, nevertheless, says he likes being one of the 590,000 people crammed into the EU’s second-smallest nation. “Where I live locally, it’s totally different.” Million-Euro Homes Luxembourg’s house-price index in the second quarter of last year grew by 5.6 percent from the previous year, according to the country’s statistical office Statec. In 2016, the average price for existing apartments was 4,613 euros ($5,165) per square meter, and 594,379 euros for a one-family house. The data don’t show the full picture, since high-quality family homes with two or more bedrooms close to Luxembourg city, are priced at or above a million euros. Not in the same pay league as many of the new wave of immigrants, Fernandes, the taxi driver, can’t afford to live centrally anymore. His home now consists of a room in the northern town of Clervaux, more than an hour’s drive away from the center. While renting or buying a house in the center costs too much for many, others who crave a bigger place in the countryside must also pay a price -- a tortuous journey from neighboring Belgium, France and Germany. That means dodging long lines of Porsche 911s and Audi station wagons is already a daily ritual for the hordes of white-collar workers. Benoit Wtterwulghe, the chief executive officer of ABLV Bank Luxembourg SA, is one of a constantly rising number of 177,000 people commuting in and out of Luxembourg every day. Wtterwulghe, 47, moved there from neighboring Belgium almost 20 years ago. Having lived in Luxembourg for a while, he, his wife and their three children decided to move back to Belgium, just across the border, where they found a bigger house, with a garden. Early Starts “We are only a few hundred meters from the border, but the price is 10 times cheaper,” he said. “It’s quite tough with all the traffic jams. Sometimes I leave very early, but you need to cross the border before 6:30 a.m. Or, I start to work from home and get in a bit later.” Even though no one knows exactly how many people will head to the nation, Luxembourg for Finance, the agency for the development of the financial center, estimates that Brexit could create some 1,000 local jobs. According to realtors, prices are already under pressure due to current demand exceeding supply. “Finding good accommodation here is becoming the real issue,” said Wtterwulghe. “It’s not just the price, you also need to grab a place during your first visit, or it’s gone.” Wtterwulghe is skeptical that Brexit will attract thousands of people to Luxembourg. Still, the number worries him, because “even 100 people make a difference. Luxembourg is small and there’s not a huge stock” of available real estate. World Heritage Those staying closer to the center may have fewer square meters and may have to forgo big yards. But the payoff is being able to get to and from Luxembourg’s beautiful heart, part of which is a UNESCO World Heritage site, in just a few minutes. That’s a welcome contrast to London for Helen Cranmer, 34, who moved to Luxembourg two years ago after her partner joined the 1,500 strong workforce at Amazon.com Inc. “The quality of life here is just so much better,” said Cranmer, who lives in one of the most sought-after and family-friendly city districts. “We can walk to town in 15 minutes. That’s super convenient.” Luxembourg’s internationally oriented schools, many of them free, are another big plus for parents wanting multilingual kids, said Nicolas Mackel, chief executive officer of Luxembourg for Finance. Multilingual Kids They are “a unique opportunity” for anyone looking to move over with their families, to have their kids schooled in German, French and English, not to mention the local language of Luxembourgish. “You can’t find that anywhere else,” Mackel said. Luxembourg “has the capacity to further adapt, should there be an increase in demand,” said Myriam Bamberg, a spokeswoman for the education ministry. The International School of Luxembourg, one of several private schools, is monitoring the Brexit situation, saying that families coming to Luxembourg get priority over those who apply locally. For those with younger children, the situation could be trickier, as daycare centers are becoming scarce, according to Julien Pillot, head of office at real estate group Inowai. Demand for spaces that can accommodate new daycare centers has gone up massively in recent years, he said. “Daycare centers need to be able to afford the high prices, but also find a place that meets all the norms in terms of security, ideally with a garden, or a park nearby, and there’s just not enough around,” he said. Pros and Cons Despite his moans about the lack of nightlife and the traffic jams, Lombard’s Edward also reckons the pros of life in Luxembourg outweigh the cons. He came over at the age of 21 when he was still dreaming of a career in London or Zurich. He never thought he would end up in Luxembourg. “It was like, what am I doing here?” But Luxembourg grew on him. He now would “definitely not” be happier living in London, he said. Edward lives near the country’s wine region, alongside the river Moselle, which borders Germany. After another trip to London, and a journey on a crammed subway in a suit with a suitcase in hand, he is happy to come home to this. “I like the lifestyle here. I get in my car, or I can get on my bike and just cycle along the Moselle and look at the vineyards. It’s very scenic, very beautiful.” If that isn’t enough, there’s another consolation for home-sick bankers who just can’t stay away from their old haunts. From as little as 9.99 euros each way, flights back to London with budget carriers Ryanair Holdings Plc and EasyJet Plc are often cheaper, if not quicker, than the extortionately priced taxis to Luxembourg’s squeaky clean airport. Source: Bloomberg
The Conseil National pour Etrangers (CNE), an organisation representing Luxembourg's international community and supporting foreigner rights, could see a shift in its official language of communication, making it a bilingual French-English platform. The CNE's remit is to advise the Luxembourgish government on the impact of proposed legislation on the foreign population, and to respond to specific governmental issues of concern. Paul-Michael Schonenberg, who has served as president since 2012, said the organisation -- which at present conducts business in French -- could expand its language of communication to include English. Around 45% of Luxembourg's residents are foreigners, and Schonenberg argues that English, the second language for many in the international community, should carry more weight within the CNE. "The CNE helps people who have moved here, and it's important for the CNE to be a group that includes all the socio-economic levels of society," he said. The organisation is set to elect a new president, as Schonenberg's five-year term will expire at the end of June. For the next president, Schonenberg said it would be "wise" to change the rules to make the CNE's communication language both English and French. He added: "One of the issues under discussion and that is of concern to some people is 'do we have an inclusive CNE when the language of communication is French?'." The election is to take place on July 16. Details of how to apply are still being worked out, but anyone who is a Luxembourg resident will be able to run for office. One of the recent pieces of legislation on which the CNE was consulted was the change in law concerning the gaining of Luxembourgish nationality, which it supported. The government did not, however, consult the organisation on the referendum held in 2015 on whether foreign nationals living in Luxembourg should be given the right to vote. "We would have put suggestions together had we been asked about it," Schonenberg said. "The foreign community didn't have an opportunity to vote on the subject, and we were not asked to participate in the discussions. "But how can you ask people who don't have a vote to say something about an issue they can't vote on?" Last year, MP Serge Wilmes suggested the CNE suffered from "internal communication problems". Responding to a parliamentary question as to why no annual report had been published for the organisation, he said disagreements had "hindered its smooth running". source: Wort.lu
THE DUTCH KING SECRET COMMERCIAL AIRLINE PILOT FOR 21 YEARS It's tough to imagine a cushier gig than being king of a chill European country like The Netherlands. You're essentially a figurehead, occasionally called upon to employ official duties of plaque-unveiling and ribbon-cutting, with plenty of time day-to-day to invest in hobbies or other work. Just ask the Dutch King Willem-Alexander, who's been running a secret side hustle as a commercial airline pilot for the past 21 years. As revealed by the Dutch newspaper De Telegraaf, the 50-year-old King has been schlepping passengers for the airline KLM twice a month for the last two decades, and is rarely -- if ever -- noticed. He says that before 9/11, when the cockpit doors were occasionally open, passengers would occasionally spot him as they boarded or deplaned, but that he is never officially acknowledged as a co-pilot. Even when he's walking through the airport or making in-flight announcements, people rarely notice him as the King, a title he's officially held since 2013. The part-time gig involves him piloting short-haul flights around Europe (mostly the UK, Germany, and Norway), and he's avoided doing any longer overnight stints, so as not to stray too far from The Netherlands in case he must return immediately to the country he reigns over on short notice. As the article describes, the King has long considered flying a hobby and a "relaxing" distraction from his royal duties, but few knew how frequently -- and publicly -- he was doing it. He plans to continue his gig with the airline, but as KLM begins to phase out the model of passenger plane he's been at the controls of for years -- the Fokker 70 -- he's going to need to retrain to fly the carrier's fleet of Boeing 737s. Who knows, next time you hitch a ride from Amsterdam to London, you may very well be entrusting your life to one of the world's last living (and youngest) monarchs. Source: Thrillist
New York (AP) -- For the first time, women in their early 30s are having more babies than younger moms in the United States. Health experts say the shift is due to more women waiting longer to have children and the ongoing drop in the teen birth rate. For more than three decades, women in their late 20s had the highest birth rates, but that changed last year, according to preliminary data released Wednesday by the Centers for Disease Control and Prevention. The birth rate for women ages 30 to 34 was about 103 per 100,000; the rate for women ages 25 to 29 was 102 per 100,000. The CDC did not release the actual numbers of deliveries for each age group. It's becoming more common to see older parents with kids in elementary or high school, said Bill Albert of the National Campaign to Prevent Teen and Unplanned Pregnancy. Meanwhile, more teens are growing up with fewer of their peers getting pregnant, he said. "We always talk about peer pressure as a negative, but it can be a force for good," Albert said. A separate CDC report focusing on deaths found the nation's overall death rate fell last year after an unusual and worrisome increase in 2015. The reports are based on a first look at birth and death certificates filed across the country last year. Among the findings: — The overall birth rate was down slightly in 2016, to 62 births per 100,000 women ages 15 to 44. — The average age when women have their first child is about 28. — The teen birth rate continued to drop last year. —The infant mortality rate stayed about the same. —The overall death rate fell to about 724 per 100,000 people in 2016, down from 733 the year before. Experts said the 2015 increase was tied to an unexpected leveling off in the death rate from the nation's leading killer, heart disease. Heart disease and stroke deaths were falling steadily until 2011, but then the annual decreases shrank. In 2015, the heart disease death rate increased nearly 1 percent, and started to go down again in 2016. Now it seems like 2015 may have been blip, "but we can't tell right now what will happen next year or in the next couple of years," said Dr. Stephen Sidney, a researcher at Kaiser Permanente Northern California who has written on heart disease death trends. Source: Bloomberg
(sth) – ArcelorMittal and Luxembourg's fund in charge of urban development in Kirchberg announced on Wednesday that they narrowed a competition to design and build the new ArcelorMittal headquarters in Luxembourg down to three finalists. The headquarters are planned to be built on a 7,273sqm site in Kirchberg, right next to the European Convention Centre and not far from the European Court of Justice and the European Investment Bank. A jury composed of the CEO of ArcelorMittal Europe, Aditya Mittal, two members of ArcelorMittal, two members of the urban development fund, one representative of Luxembourg's government, one representative of the city of Luxembourg, one independent architect from Luxembourg and one independent architect from an architecture school narrowed the contestants down to three. The 'ARBED building' in Luxembourg's 'Gare' district used to serve as headquarters before ARBED was acquired by Mittal Steel and became ArcelorMittal. The building is now used by the BCEE. The 'ARBED building' in Luxembourg's 'Gare' district used to serve as headquarters before ARBED was acquired by Mittal Steel and became ArcelorMittal. The building is now used by the BCEE. Photo: Guy Wolff Foster + Partners, Rem Koolhaas OMA and Wilmotte & associés will now have to present more detailed versions of their projects and hope to win the final bid. The Kirchberg fund is the owner of the site and endorsed the choice of the three projects due to their ''innovative steel solutions'' that try to implement ''iconic architecture set to rival the quality of the institutional and cultural buildings that characterise this historical part of the Kirchberg plateau.'' ArcelorMittal plans to promote its own economic activity through this headquarters project by using steel for ''sustainable construction'', showing its advantages compared to ''conventional construction materials.'' The company also aims to set an example by prioritising sustainability, obliging the architects to fulfil standards needed to be awarded environmental labels like ''BREEAM outstanding'', ''DGNB Gold'', ''BCAA performant'' and ''WELL''. The maximum surface of the new building will be 55,000sqm. Source: Wort.lu
Published on Wednesday, 17 May, 2017 at 06:30 (sth) – Luxembourg's fund industry continues to grow apace, according to a recent study by Monterey Insight. The research company found that Luxembourg-domiciled funds boasted more than 3,977 billion US dollars (3,771 billion euros) in assets under management (AUM) in 2016, a 3% increase compared with the 3,857 billion dollars reported in 2015. State Street retained its top ranking as the largest administrator by total net assets, with $703.2 billion, followed by JP Morgan Bank ($548.8bn), BNY Mellon ($304.5bn) and BNP Paribas ($285.6bn). Among fund managers, the largest promoter or initiator of Luxembourg-domiciled schemes was JP Morgan ($294.6bn), followed by Deutsche Asset Management ($176.5bn) and BlackRock Financial Management ($145.5bn). As has been the case for much of the past decade, JP Morgan Bank had the largest proportion of assets under custody, at $761.7 billion, ahead of State Street ($704.7bn) and Brown Brothers Harriman ($331.2bn). This year, for the first time, Monterey Insight added a transfer-agent ranking, led by State Street, with a total of $555.8 billion in assets and 1,503 funds. RBC Investors Services Bank followed in second place with $489.5bn in assets, and JP Morgan in third, with $382.5bn. PwC defends leading auditor position In the auditors category, PwC maintained its lead, auditing 5,878 sub-funds, ahead of KPMG (3,359) and Deloitte (2,629). For legal advisers, Arendt & Medernach was able to maintain first place by number of funds (3,788), just ahead of Elvinger, Hoss & Prussen (3,346). Looking at market share by total net assets, however, Elvinger, Hoss & Prussen was able to defend its top ranking, as has largely been the case for the last 10 years. As with the year previous, equity funds accounted for the lion's share (29%) of total fund assets in Luxembourg at $1,145.7 billion dollars, followed by bond funds, which increased in number to 3,018, and in assets to $1,140.8 billion, up from 2,940 and $1,077.4 billion. Cash products were also on the rise, growing by 8%, while alternative investments grew by 5%. Over the course of 2016, 1,591 funds were launched with total assets of $149 billion, representing an increase of 9% compared with the previous year. For these newly launched funds, the top sectors were traditional investments such as global bonds and global mixed equities bonds, with total assets of $86.6 billion, accounting for 58% of assets launched in 2016. Source: Wort.lu
All Europeans descent from Belgium, a new study suggests. An ancient DNA (genome) study suggests Europeans trace their origins from ice age Belgium. “The ability to obtain genome-scale data from ancient bones is a new technology that’s only been around for the last five or six years” said David Reich of the Harvard Medical School. Another significant factor in the study was 51 samples of European moderns humans aged 45,000 to 7,000 years old from across Europe. That is the biggest study of its kind. The study estimates that the first humans entered Europe approximately 45,000 years ago, eliminating the Neanderthals. Using the genome technique, all populations that lived 37,000 years ago seem to have come from a region that is today called Belgium. These “original people” were in time displaced by successive migratory waves, triggered by climate change. Their displacement meant they, in turn, migrated to across Europe. The study traces their common origin, hence one could say that all Europeans have a Belgian ancestor. The study was published by Nature, on May 2nd, and suggests there are three major European migrations towards the end of the Ice Age across Europe. The last ice age peaked 35,000 and 19,000 years ago, coming to an end 12,000 years ago. The change of climate correlates with major migrations. The first migration was from Spain to northern Europe (19,000 years ago). Then, there was a second migratory waves from Turkey and Greece to Northern Europe (14,000 years ago). And then there was a second migratory wave from Greece and Turkey (5,000 ago). Each wave displaced previous generations of Europe’s first humans. Source: New Europe
Luxembourg City is appealing for volunteers to participate in the capital’s torchlit parade on the eve of national day. Each year on 22 June, thousands of people gather in the capital to mark Luxembourg’s national day with a concert, procession, street parties and fireworks at 11pm. Anyone interested in being part of the procession should email firstname.lastname@example.org before 31 May. This year the fireworks in the capital will be lit from Fort Thüngen in Kirchberg. More formal celebrations follow on 23 June with an official ceremony, military parade in the Gare district and Te Deum service in Notre Dame Cathedral during the afternoon. Find out more in the below link: www.visitluxembourg.com/fr/adresse/specialevents/fete-nationale
Side effects of drinking too much Green Tea One of the most sought out weight-loss drinks; Green Tea is, in fact, an herbal tea from China, which has now cemented its roots all across Asia. Known to be the oldest herbal tea, which aids digestion, Green Tea has actually no conclusive evidence that proves it triggers weight loss. If taken in moderation, Green Tea helps in lowering cholesterol and is also linked with, in fact, the risk of death by up to 5%. According to health experts, one cup of this lukewarm beverage is sufficient for a healthy living, which can be moderately increased by up to 2 cups per day. But, anywhere drinking 5 or more cups of it daily can reverse the aid, or perhaps lead to severe health consequences; especially for the people suffering through following health problems: #1. Pregnant women Those, who are either pregnant or planning to conceive, must avoid too much of Green Tea. Caffeine is a stimulant, which can easily pass through your blood into the fetus’ bloodstream, where it may take much longer to metabolize unlike in an adult’s body. This can impact the development of the foetus and may lead to several complications at a later stage. However, we advise to always consult your doctor before consuming anything that contains caffeine. #2. Anaemic People with iron deficiency are warned against drinking Green Tea, as it might be fatal for them. The herbal beverage reduces the absorption of iron from food, worsening your health if you drink too much of it. #3. Insomnia Green Tea has filtered caffeine which when consumed blocks the sleep-inducing chemicals, thus boosting the production of adrenaline. So, people who are already on treatment for insomnia or are on any kind of medication for sleep problems must avoid Green Tea; its content may alter the chemical reaction, thus jeopardizing your health. #4. Diabetics and High Blood Pressure patients No well-educated and trained medical professional would advise you to drink Green Tea, under the above-mentioned health conditions. Even if taken into the moderate amount, Green tea may interfere with blood sugar levels in your body, thus causing dizziness, anxiety, heartburn, etc. As it boosts adrenaline rush, it’s not an ideal beverage for a blood-pressure patient.
Do you seethe when someone cuts past you at the checkout counter? Do you think they deliberately did it? Beware, you are cutting short your life, warn molecular biologist Elizabeth Blackburn--who won the Nobel Prize in Medicine in 2009--and health psychologist Elissa Epel, who studies stress and ageing. The authors claim in their new book, The Telomere Effect, that negative thoughts harm your health at the DNA level. Research has shown that a person's "social relationships, environments and lifestyles" affect their genes. "Even though you are born with a particular set of genes, the way you live can influence how they express themselves." Blackburn and Epel say components of DNA called telomeres determine how fast your cells age. Short telomeres are one of the major reasons human cells grow old, but lab tests have shown that they can also grow longer. In other words, ageing "could possibly be accelerated or slowed -and, in some aspects, even reversed." The shopper above is an example of `cynical hostility'. "People who score high on measures of cynical hostility tend to get more cardiovascular disease, metabolic disease and often die at younger ages. They also have shorter telomeres." Pessimism shortens telomeres too."When pessimists develop an ageing-related illness, like cancer or heart disease, the illness tends to progress faster... They tend to die earlier," warn the authors. Ruminating over a bad situation is also destructive. "Rumination never leads to a solution, only to more ruminating... When you ruminate, stress sticks around in the body long after the reason for the stress is over." The resulting depression and anxiety only make your telomeres shorter. Trying to suppress thoughts and feelings makes matters worse. "The more forcefully you push your thoughts away, the louder they call out for your attention... In a small study, greater avoidance of negative feelings and thoughts was associated with shorter telomeres." Even lack of focus is bad for telomeres because "when people are not thinking about what they're doing, they're not as happy as when they're engaged." To reverse the harm to telomeres, try meditation and long-distance running. Source: Times Of India / TNN
The first tests for Differdange’s 100% electric bus known as 'Diffbus' is already underway. "As of June 6, new buses will start to circulate respecting new route and time schedules," said Wolfgang Schroeder, sales director of Sales-Lentz bus company. The streets of Differdange over the past week have been the testing ground for a fully electric Diffbus and "the first test results are very satisfactory,” said Schroeder, adding that "there have been no problems so far. We were satisfied with how smoothly everything works." But before all regular lines can be effectively served by these electric buses, some stops will have to be adapted with the installation of charging points for the four Volvo 7900 electric buses, which have already arrived in Luxembourg. These devices can charge the vehicle’s battery up to 80 percent in five to eight minutes. The official inauguration of the new network, four lines in total, is scheduled for June 11, with Differdange being one of the first towns in Europe with a 100% electric buses on its network. Source: Wort.lu
The construction of a velodrome in Luxembourg has been planned for a long time, but the sticking point has been where to build it. However it has now been confirmed it will be built in town that is the home to the Schleck brothers, Mondorf-les-Bains. Lex Delles, the deputy mayor of Mondorf confirmed the news via the DP’s party website for the east of the country, that the commune of Mondorf had been awarded the contract. "There is finally certainty", stated Delles. In recent months, Minister of Education Claude Meisch and Sports Minister Romain Schneider had in fact stated that a velodrome was to be built in Mondorf. However this did require the commune’s approval which has now been clearly given. The velodrome is part of the "Munnerefer Lycée" project. A school, leisure and sports complex all connected on a campus. The planned site will be "Bei Grëmelter", and the town of Mondorf seems to be a perfect choice as it is the home to Luxembourg’s most well-known cyclists, Andy and Frank Schleck. Added to that, Mondorf will be the starting point for the fourth stage of this year’s Tour De France on July 4. Further details have not yet been disclosed.
By Keri Lumm, Buzz60 They say one is the loneliest number. But it turns out men in Britain experience their loneliest time at the age of 35. According to a survey of 1,200 British men conducted by the Jo Cox Commission on Loneliness, that's the age when men feel the most isolated -- and the organization is encouraging men to talk about it. Singles, this seems like your demographic if you are looking for love on OKCupid. Of course, according to data released by the dating app, men, no matter their age, prefer women between ages 20-23. Psychology Today previously reported that a person's twenties are their loneliest point in life until they reach their 80s. Who wouldn't be depressed when funerals become a big part of your social life? So, while for some men 35 is the loneliest age, there is hope, because according to a study shared by the Telegraph, most Britons are happiest at age 37. That's only two years until perfect bliss.
Die Wahl zum 19. Deutschen Bundestag findet am Sonntag, dem 24. September 2017 statt. Deutsche Staatsangehörige können unter bestimmten Bedingungen auch aus Luxemburg an dieser Bundestagswahl teilnehmen. Zu unterscheiden ist zwischen Deutschen, die sich in Luxemburg aufhalten, aber weiter in Deutschland gemeldet sind und Deutschen, die dauerhaft in Luxemburg leben und in Deutschland nicht mehr gemeldet sind oder dort nie einen Wohnsitz hatten. Deutsche mit Wohnsitz in Deutschland Deutsche, die sich in Luxemburg aufhalten und nach wie vor einen Wohnsitz in Deutschland haben, werden von Amts wegen in das örtliche deutsche Wählerverzeichnis eingetragen. Dies gilt für Bundestagswahlen, Europawahlen, Landtagswahlen und Kommunalwahlen. Diese Deutschen erhalten eine Wahlbenachrichtigung an ihre deutsche Meldeanschrift und können daraufhin einen Antrag auf Briefwahl bei ihrer deutschen Wohnsitzgemeinde stellen. Der Antrag auf Briefwahl kann durch Ausfüllen des Wahlscheinantrags, der auf der Rückseite der Wahlbenachrichtigung aufgedruckt ist, gestellt werden. Deutsche mit Wohnsitz nur in Luxemburg Deutsche, die sich dauerhaft in Luxemburg aufhalten und in Deutschland nicht mehr als Einwohner gemeldet sind, können in vielen Fällen in Deutschland an Bundestagswahlen teilnehmen. Auslandsdeutsche ohne Wohnsitz in Deutschland sind nach § 12 Absatz 2 Satz 1 Bundeswahlgesetz (BWG) wahlberechtigt, sofern sie nach Vollendung ihres 14. Lebensjahres (das heißt, vom Tage ihres 14. Geburtstages an) mindestens drei Monate ununterbrochen in der Bundesrepublik Deutschland gelebt haben und dieser Aufenthalt nicht länger als 25 Jahre zurück liegt (§12 Absatz 2 Satz 1 Nummer 1 BWG). In diesem Fall setzt die Wahlteilnahme jeweils vor jeder Wahl einen Antrag auf Eintragung in das Wählerverzeichnis der zuständigen Gemeinde im Inland voraus. Das Antragsformular finden Sie auf der rechten Seite zusammen mit einem Merkblatt des Auswärtigen Amtes zur Bundestagswahl. Ausführliche Informationen zur Wahlberechtigung, der zuständigen Gemeinde und der Antragsstellung für die Wahlteilnahme von dauerhaft im Ausland lebenden Deutschen finden Sie auf der Webseite des Bundeswahlleiters (Link auf der rechten Seite). Falls Sie die obengenannten Bedingungen zur Wahlteilnahme nicht erfüllen, können Sie in manchen Fällen trotzdem an der Bundestagswahl teilnehmen, wenn Sie "aus anderen Gründen persönlich und unmittelbar Vertrautheit mit den politischen Verhältnissen in der Bundesrepublik Deutschland erworben haben und von Ihnen betroffen sind" (§12 Absatz 2 Satz 1 Nummer 2 BWG). Dies könnte zum Beispiel dann der Fall sein, wenn Sie langjähriges Mitglied einer deutschen Vereinigung im Ausland sind oder als Grenzpendler mit Wohnsitz in Luxemburg in Deutschland arbeiten. Diese Ausnahmetatbestände führen Sie bitte in dem Antragsformular auf. Ob die Voraussetzungen für eine Wahlteilnahme erfüllt sind, entscheidet die für Sie zuständige deutsche Gemeindebehörde.
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