Luxembourg Times

Almost 2,000 jobs are estimated to have been lost in Luxembourg as the result of bankruptcies in the third quarter of this year, according to the latest figures published by the country’s official statistics agency Statec on Wednesday. A total of 236 companies were declared bankrupt between July and September, compared with 230 in the third quarter last year, an increase of 2.6%. Another 24 companies were liquidated.

McDonald’s will stop selling its McRib burger, the invention of a Luxembourg chef, at the end of this month. The McRib in its current format will be sold for the last time in Luxembourg on Tuesday, 27 October, the global fast food giant announced in a newsletter to its customers. In future, McDonald’s intends to focus more on rotating promotional products instead.

A majority of Luxembourg voters want the government to curb migration to the country and restrict voting rights for citizens abroad, an opinion poll has found, amid a rise in popularity of the right-wing ADR party. The so-called Sonndesfro (Sunday question) - a biannual opinion poll of Luxembourg voters - found there is growing momentum behind the populist ADR, which recorded the biggest wave of support since the poll was started in 2018.

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With more applicants competing for each rental property in Luxembourg, owners have increasingly more choice, and small details in an application can make all the difference. Explore Luxembourg like never before with our lifestyle and culture newsletter Sie können sich jederzeit wieder abmelden, wenn Sie das möchten. Weitere Informationen finden Sie in unserer Datenschutzrichtlinie.

Luxembourg has issued what it says is the first benchmark sovereign bond in Europe to be created natively on blockchain technology, raising €1.7 billion at a coupon of 3.7%. The bond was issued natively on distributed ledger technology, which underpins blockchain, through LuxCSD, Luxembourg’s central securities depository, using Clearstream’s D7 platform. According to the government, this makes Luxembourg the first European state to issue a benchmark bond natively based on the technology.

A total of 80 jobs are to be lost at a company which forms part of the Universal Investment Group in Luxembourg, unions have said. The cuts will affect employees at the European Fund Administration (EFA), now known as UI efa, which was acquired in 2022 by the Universal Investment Group. The OGBL and LCGB trade unions announced the redundancies in a press release on Wednesday, following several weeks of negotiations with the company’s management.

Delhaize has suspended its ordering systems in the Grand Duchy, following a cyberattack which has affected all stores throughout the country, according to a notice posted in a branch of the supermarket. This sign posted in a Delhaize store in the Gare district of Luxembourg City.

A 2.6-magnitude earthquake was recorded in a German town close to Luxembourg on Tuesday. According to data from the Royal Observatory of Belgium, the earthquake was recorded at 10:26 near Heckhuscheid, Germany. The German town is located in the Eifel, a region considered to be volcanic. The epicentre was located at a depth of approximately 9.7 kilometres. The tremor was detected by several seismic stations, notably in Kalborn, Luxembourg, situated approximately 11 kilometres from the epicentre.

Delhaize has suspended its ordering systems in the Grand Duchy, following a cyberattack which has affected all stores throughout the country, according to a notice posted in a branch of the supermarket. This sign posted in a Delhaize store in the Gare district of Luxembourg City.