UK Chancellor Rachel Reeves publicly backed Andy Burnham to become prime minister and pitched policy continuity to markets, while declining to say whether she would keep the Treasury.
A German commission has urged Berlin to raise the retirement age toward 70, scrap 'pension at 63' and add a Sweden-style investment pillar — a reckoning that echoes Luxembourg's own pension debate.
China placed 10 US firms on its export-control list and barred 46 from government procurement on 22 June 2026, retaliating for the Pentagon's expanded list of 'Chinese military companies' and raising the temperature of a trade war that reaches export-dependent economies like Luxembourg's.
Washington has issued a 60-day general licence authorising the sale of Iranian crude, the first such opening since 2018. The move, tied to an interim deal over the Strait of Hormuz, pushed Brent lower and could ease Europe's energy-driven inflation.