5 stories you may have missed

5 stories you may have missed

News roundup

In case you missed it, the Luxembourg Times has selected the top five news stories of the week.

Bureaucracy tarnishes Luxembourg start-up shine

Long wait times for government payments and the need to fill out large amounts of paperwork are among the complaints from Luxembourg start-ups.

Home to over 700 startups, the Grand Duchy offers a variety of aid schemes to help business aspirants come to fruition, including rent-free offices where they can unite, known as incubators.

Intelsat Beats SES on Court Claims Worth Millions of Dollars

Luxembourg satellite pioneer SES cannot claim hundreds of millions of euros from Intelsat, a US judge has ruled.

SES has cut its bill from satellite operator Intelsat to around €422 million this year. However, a U.S. judge ruled last week that SES had failed to prove it had a claim for the money.

EU relief fund finds replacement leader once legling ends

The Luxembourg-based EU bailout fund has temporarily replaced Christoph Frankel after the European Stability Mechanism had been its sole managing director since it was set up to manage the currency crisis a decade ago. nominated to

The ESM, which handles around €700 billion of emergency aid on behalf of eurozone countries, will be led by Frankel until the end of the year after former boss Klaus Legling resigned on Friday.

Luxembourg plagiarism row gets first day in court

A widely reported plagiarism lawsuit between a Luxembourg artist and a US-based photographer had its first day in the courts of the Grand Duchy on Monday.

Singaporean photographer Jinnah Chan. accuses Luxembourg artist Jeff Dieschberg of copying her work without crediting herBut the filing of the lawsuit, which has received international attention, will have to wait.

Luxembourg is less competitive, ranking results

Luxembourg has fallen slightly to 13th place in the latest ranking of prestigious business schools in the world’s most economically competitive countries, but has maintained its top position in economic performance.

Twenty years ago, Luxembourg topped the annual Global Competitiveness Yearbook devised by the International Institute for Management Development (IMD), a private business school in Lausanne, Switzerland. The platform measures 63 countries on his four criteria: economic performance, government efficiency, business efficiency and infrastructure.

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