«Luxembourg Herald»

Violence against Christians witnessed an “explosive” surge worldwide last year, according to an annual report on Christian persecution by Open Doors. The international aid organization notes a significant rise in attacks on Christian establishments, including churches, shops, and homes. In 2023, Christian churches, cemeteries, schools, and hospitals experienced 14,766 attacks, marking a sevenfold increase from 2022. Open Doors reports that most of these attacks occurred in China, India, Nigeria, Nicaragua, and Ethiopia. Читать дальше...

On Wednesday, a precipitation front will sweep across our country, bringing the possibility of ice in the extreme south and snow in the remainder of the southern half, extending to the centre and north-east. Widespread hazardous road conditions are anticipated, prompting the Royal Meteorological Institute (RMI) to strongly recommend avoiding travel. Code red has been issued for the country of Luxembourg. The snowfall is expected to be particularly intense south of Sambre and Meuse, especially in the afternoon. Читать дальше...

While discussing his generative AI venture to improve staff efficiency and customer service, Vydas Kondrakis of Kneipp emphasized the balance between the benefits of AI and the need for responsible and ethical adoption, and the importance of remaining competitive and innovative in an evolving financial industry stressed the importance of maintaining competitiveness and innovation in an evolving financial industry. Vydas Kondrakis, Vice President of Risk Management at Kneip, a Luxembourg-based... Читать дальше...

In the first of a two-part series, Jeffrey Dentzer, Head of Luxembourg Markets and CIB at Banque Internationale à Luxembourg (Luxembourg Bank), outlined the low-cost ESG-compliant customer, real estate and financial industry and outlined the regulations that will be introduced in the Luxembourg banking sector in 2024. Jeffrey Denzer, Head of Luxembourg Markets and CIB at the Bank of Luxembourg, expects that ESG-active clients will be at an advantage as sustainability regulations are likely to accelerate. Читать дальше...

Neil Maffei of Monex notes that market volatility, geopolitical instability, and rising interest rates have impacted valuations in 2023. While interest rate volatility is likely to remain a major theme in 2024, there are opportunities for private capital. London-based Neil Maffei is the head of the institutional division at U.K.-based foreign exchange firm Monex Europe, whose team is “pretty focused” on the private capital space and institutional investors. When we interviewed him, he said he... Читать дальше...

While Mark Jombetti highlights the transformative role that AI and generative AI play in personalizing insurance policies and streamlining risk assessment, in the final installment of his “AI in Finance” series, he emphasizes the need for a strategic and responsible approach that balances technological innovation with customer trust and regulatory compliance. It emphasizes the need for Mark Giombetti, product architect at Two Impulse, a company skilled in the use of artificial intelligence, natural language processing... Читать дальше...

Graham Morral has been appointed International Sales Director at Moventum. Effective January 1, 2024, fund and financial platform Moventum has a new sales director: Graham Morral. ‘Graham knows the financial services industry inside and out,’ Moventum CEO Lewis Wright commented in a press release dated January 2. His international distribution relationships, expertise, and extensive knowledge will allow Moventum to reach even more institutional and high-net-worth private clients.” Mr. Moral has a background in sales... Читать дальше...

Lancia announces its return to the Benelux region with the European tour of the Lancia Pu+Ra HPE, a visionary concept embodying the brand’s next decade of design, interior aesthetics, durability, electrification, and user-friendly technology. According to Luca Napolitano, CEO of Lancia, the Belux countries are strategically vital due to their appreciation for ‘style’ and ‘Made in Italy’ design, positioning Lancia as a sought-after and respected brand in the European premium market. In 2024, Lancia... Читать дальше...

“This project will enable us to shape the working environment of tomorrow,” states David Capocci, Managing Partner of KPMG in Luxembourg. “The building is entirely designed to meet the growing needs of our employees and clients. We aim to create a workplace that fosters connection, collaboration, and innovation.” The new office will be constructed on a site acquired from BGL – the Luxembourg subsidiary of BNP Paribas, which already houses the Kronos building. BPI Real Estate will redevelop a total of 55,658 square meters of built-up surface.

The European Parliament (EP) is still grappling with the issue of establishing new European regulations for the return of asylum seekers who have exhausted their legal rights. Leading the negotiations on this matter, MEP Tineke Strik of GroenLinks had hoped to reach an agreement with the Christian Democratic Group PPE this week, but their efforts fell short. The European People’s Party (EPP) within the EP is advocating for stricter rules than those presented in the current proposal. Negotiations are set to resume after November 6... Читать дальше...