Accelerating economic impact The health technologies incubator will contribute to accelerating the economic impact of investments made to develop public research in biomedicine in Luxembourg. In addition to fully equipped laboratories, hosted companies will also be able to benefit from professional support in the field of business development. The incubator is part of the House of Biohealth, a hosting facility with office and lab space for both established companies and start-ups in the fields of biotech, cleantech and ICT. The House of Biohealth currently hosts 9 companies and two public research laboratories that are part of the Luxembourg Institute of Health (LIH) and the Luxembourg Centre for Systems Biomedicine (LCSB). Around 450 people work in various areas such as diagnostics, medical devices and digital health. Once the healthtech incubator has been opened, the House of Biohealth with be able to host up to 600 researchers …
by Kathryn OGLESBY The sale could come through by summer this year Luxembourg-based space firm Spire Global is planning to list on the New York Stock Exchange by the summer of this year, announcing this week that two groups of investors will buy new shares in the company. Stockholders in Spire Global would own 67% of the shares in the listed company, which is estimated to be worth $1.6 billion. The new capital would come from defense and government technology investment fund NavSight, based in Virginia in the United States, which would merge with Spire Global, the company said. The newly formed company would also receive a €245 investment from US hedge fund Tiger Global Management and from funds managed by BlackRock, Hedosophia, the JAWS family office and Bloomtree Partners. These groups would hold around 15% of the shares in the …
Luxembourg's Ministry of Equality between Women and Men has initiated a research project with the Luxembourg Institute of Socio Economic Research (LISER) on COVID-19 from a gender perspective. The Equality Ministry has announced that it will analyse the impact of the COVID-19 crisis on equality (i.e. how the crisis affects women and men differently) through an in-depth research project carried out by LIST. The appearance of the coronavirus in early 2020 and the subsequent declaration of a state of emergency in Luxembourg had an impact on a multitude of areas of daily life, namely health but also crisis management, employment, public life, childcare, education, domestic chores and marital and family relations. In terms of gender equality, the question is how these radical changes in daily life have influenced equality between women and men. And how might the pandemic undermine the …
The new Crossroads Magazine is a central platform from which to promote Luxembourg as an attractive business destination for international investors. “I’m delighted to announce this first edition of Luxembourg’s new publication aimed at companies across the globe looking for a perfect location to launch or expand their business in Europe,” says Sasha Baillie, CEO of Luxinnovation. Edited by Luxinnovation, Crossroads Magazine builds on the same foundation as its predecessor, Happen. Clean technologies and post COVID-19 market trends Making the economy sustainable while remaining highly competitive is a priority in Luxembourg, and the first edition of the magazine dives deep into the topic of clean technologies. It includes an interview with Minister of the Economy Franz Fayot on what the country has to offer in this field, and highlights how companies can use clean technologies and circular business models to acquire a competitive advantage. Crossroads …
LACC President, Michel Franck, was interviewed by Paperjam Business Luxembourg regarding the 2020 US Presidential election. The full written and recorded transcripts are also available on the Paperjam website.
After Post announced the rollout of 5G to Luxembourg customers, telecoms providers Tango and Telindus expect to follow a week later. Communicating on Thursday, Tango said 5G would start being available to mobile customers in the capital from 23 October, a launch that coincides with the release of the new iPhone 12 and iPhone 12 Pro. 5G technology should offer existing customers download speeds of up to 1Gbit/s. Tango said access is included in its mobile contracts. Tango 5G is already certified on the two new iPhone models, the firm said, adding that certifications are underway for a selection of other devices. The 5G network will be deployed to customers in other geographic areas in the south of the country at the start of 2021, with further areas to follow later in the year. Meanwhile, Telindus announced on Friday that …
The Danish citizen took on the role in interim in May, after the resignation of his predecessor Thomas Steiger. Prior to the appointment, Jørgensen served for two years as the bank’s head of client business, where he was in charge of the private banking, external asset managers, fund services and investment advisory & portfolio management divisions. He has over 25 years’ experience in the financial sector and fund management domain, 15 of which were in the grand duchy. Jørgensen, whose career history also includes roles at Danske Bank Grounp, Copenhagen Stock Exchange and Nordea Bank, was praised as being “a valued management figure and respected financial professional” by CEO of VP Bank Groul, Paul Arni, according to a company press release.
Moselle-region winemakers in Luxembourg and Germany are looking forward to a promising wine harvest starting next month thanks to great growing conditions that they hope will help them overcome reduced consumption due to cancelled events. Lots of spring sun meant that vines bloomed early, and with rainfall in recent weeks the grapes are ready to harvest about two weeks earlier than usual, Jean-Marie Vesque of the Cep D'Or vineyard near Stadtbredimus told the Luxembourg Times. Winemakers not only escaped the frost and intense heat that marked last year, there were no major pest or fungal infestations. "The year 2020 is looking good so far, despite the fact that we're having a dry summer and some water is missing in the soil," said Josy Gloden, president of Domaines Vinsmoselle, a Luxembourg cooperative of around 300 regional winegrowers. The relatively early harvest …