- The delayed passage of Luxembourg’s space mining act has not blocked the signing of any company deals, Georges Schmit said in an interview with Paperjam. Schmit sits on the board of the government’s Spaceresources.lu initiative and is Luxembourg’s former consul general in San Francisco. The bill passed on Thursday, nearly 18 months after Étienne Schneider, the deputy prime minister, first floated the idea.
- An internal memo to Banque internationale à Luxembourg employees, seen by the daily newspaper Wort, reassured staff that their jobs are safe. The memo was sent after the Reuters news agency reported that control of Bil could be sold to a Chinese corporation.
- David Foy has been named head of sector development - digital economy at Luxinnovation, the state-backed economic development agency.
- Firms can only check up on job candidates’ social media activity if they have “legitimate and compelling reasons” under EU data privacy rules scheduled to take effect on 25 May 2018.
- Just a smidgen under €4trn in assets were managed in Luxembourg-based investment funds as of 31 May, according to data from the financial regulator CSSF.
Georges Schmit of Spaceresources.lu, pictured in this archive photo, said the passage of Luxembourg’s space resources bill marks an “important milestone”. Mike Zenari