- Mathilde Argaud of Largowind has been named the 11th Creative Young Entrepreneur Luxembourg by JCI Luxembourg. Largowind is developing a remote monitoring system for boat owners. The first was one of “10 startups you should know about” in Delano’s June edition.
- Transline Tours, a travel agency which declared bankruptcy in 2015, was ordered by a court in the capital to pay €42,000 in damages and interest to defrauded clients. In 2013, the company sold more than 500 round-trip tickets to Portugal for €295 without having secured the airline seats. The agency then only gave partial refunds to some of the travellers.
- After two-and-a-half years as the Belgium and Luxembourg head of the American electric carmaker, An de Pauw “no longer works with Tesla”, the company has said. The search for a replacement is underway. De Pauw had recently told Paperjam in an interview that she hoped local Tesla sales would double by next spring.
- If proposed international banking rules take effect, European banks would have to put aside between €850m and €900m more in capital reserves. That’s according to Serge de Cillia, head of the ABBL, Luxembourg’s banking trade group. He was speaking after a meeting of the “Basel 4” committee.
- Fernand Ernster has been named the new board chair of the CLC, the business federation which represents the grand duchy’s trade, services and transport sectors.
Mathilde Argaud of Largowind (centre) was honoured by the Junior Chamber International Luxembourg on Thursday evening