In its Annual Economic Report, the Bank for International Settlements warns that a cluster of converging vulnerabilities leaves the global economy dangerously exposed, and urges policymakers to act before adjustments become costlier. The report's focus on sovereign-bond fragility and non-bank finance lands squarely on Luxembourg, the world's second-largest fund domicile.
STATEC's latest forecast keeps the next wage-indexation tranche pencilled in for the second quarter of 2027, making a second automatic pay rise in 2026 unlikely as tripartite energy measures contain inflation.
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.
Luxembourg's automatic wage indexation raises salaries and pensions by 2.5% whenever average prices climb past a threshold. We explain how the mechanism works and why it is so contested.