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Luxembourg

A Luxembourg house undergoing insulation work with a heat pump beside the façade.
Housing and energy

Luxembourg extends home-renovation climate subsidies to 2035

Luxembourg’s parliament has extended Klimabonus Wunnen for eligible energy renovations through 2035. The reform changes how technical installations are subsidised and prepares upfront financing for heat pumps from 2027.

By Tom Reuter

Europe

Unbranded cabin suitcase at an airport gate with a passenger aircraft outside.
Travel rules

EU adopts new air-passenger rights for flights from Luxembourg from 2027

The EU has finally adopted its first major revision of air-passenger rights since 2004. From 2027, travellers flying from Luxembourg will gain clearer claims procedures, fare transparency and new protections without losing the three-hour compensation threshold.

By Julia Weber

Finance

The glass office towers of Frankfurt's banking district seen through morning mist from across the river Main.
European banking consolidation

UniCredit's stake in Commerzbank rises to 47.6% as Berlin refuses to sell

UniCredit said on Wednesday that its takeover offer for Commerzbank had lifted the stake it can oversee to 47.6%, even though only about 1% of the German bank's free-float investors tendered shares. Berlin, holding roughly 12%, still refuses to sell, and the European Central Bank must now decide whether the Italian lender counts as being in control.

By Pierre Hansen

Politics

Tech & Science

An empty, marked-out greenfield construction site for a future semiconductor plant in southwestern South Korea at dawn.
Semiconductors

South Korea Bets Its Next Decade on the Chips That Feed AI

In Seoul on Monday, President Lee Jae-myung unveiled three interlocking AI "mega-projects" led by Samsung and SK Hynix, who together with suppliers will spend roughly $580 billion on new memory-chip plants. Korean media put the full decade-long programme at close to $1.2 trillion, equivalent to more than two-thirds of annual output — a bet that the AI era will be won by whoever controls the hardware.

By Noah Schreiber

Greater Region

A deserted rail line and empty station platform on the Luxembourg–Thionville route in summer light.
Cross-border rail

CFL to halt all trains between Luxembourg and Thionville for five weeks this summer

Luxembourg's national railway, the CFL, will close its busiest cross-border line, between Luxembourg and Thionville, from 16 July to 23 August 2026 for track works, forcing tens of thousands of French commuters onto replacement buses. The TGV to Paris is suspended for much of the summer too.

By Mathias Faber

World

Glass office tower in central Tokyo at dusk, one high floor lit behind closed blinds
Intelligence

Japan launches its first central spy agency since 1945 to counter Russia and China

Japan's National Intelligence Agency begins work this month — the country's first centralised spy service since the Second World War, with about 700 staff and FBI backing. The launch comes as a New York Times investigation exposes a Russian military-intelligence unit procuring missile and drone components from Aeroflot's Tokyo office.

By Julia Weber

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