(To our readers: this is an article that will evolve throughout the day, which includes in the upper part the articles that we have decided to develop, enrich or personalize, then, in the lower part, the information which reach us constantly, classified from the most recent to the oldest. Do not hesitate to share your reactions to this summary of the day or your information at the address. [email protected])
Our selection of three items
Steve Martellini joined the Horesca board of directors in 2016. At 37, he embodies the future of the professional federation of restaurateurs, cafe owners and hoteliers. (Photo: Modern House)
Steve Martellini, young Horesca card. He is a self-taught 37-year-old in the army who, for several weeks, has assumed the role of secretary general of Horesca, replacing the “historic” François Koepp. A ready-made professional destiny for Steve Martellini?
Aurélie Dap (Volt): “A list that reflects the diversity of Luxembourg”. On the occasion of the European elections, Paperjam asked the main leaders of the list to discuss the issues at stake in this election, the meaning of their commitment and the message they wanted to send. Today, Aurélie Dap (Volt). .
On the road or on the rail, cross-border commuters continue to be impacted. On the rail or on the road, there are numerous construction sites and some are already impacting the journeys of residents and cross-border workers. Let’s take stock of the work in progress or to come, as the summer period approaches. A good opportunity to take your leave.
In the Paperjam news feed
10:30 a.m. Bank. The American bank JPMorgan Chase must pay a fine of $100 million for lack of controls between 2014 and 2021 relating to billions of customer orders placed without being controlled.
10am. Nomination. BCE announces the appointment of Sylvain Merle to the position of Chief Technology officer (CTO). He will be responsible for the management and development of the technological activities of Broadcasting Center Europe (BCE), which is part of the RTL group. He will report directly to BCE CEO Christophe Goossens and will join the executive committee composed of Christophe Goossens, COO Frédéric Fiévez, and CFO Daniel Felgueiras Da Cunha, CFO
9:30 a.m. Tech. The company xAI, with which Elon Musk wishes to compete with the OpenAI company, would be valued at $24 billion, the Bloomberg news agency reported.
8am. Science. According to the latest report by Markets and Markets, the cannabis testing market in terms of revenue was estimated at $1.8 billion in 2024 and is expected to reach $4 billion by 2029. Key players in this market include notably the Luxembourg-based Eurofins Scientific.
7:30 a.m. Education. The rate of early school leavers (i.e. young people aged 18 to 24 who leave education prematurely) is 9.5% in the EU in 2023. A falling figure which was 11 .8% in 2013. 16 countries remain within the target level set by the EU of 9%, including Luxembourg, which has a dropout rate of 6.8%. In Belgium, the rate is even lower (6.2%). In France, also within the target level, the dropout rate is 7.6%. In Germany, we observe the third highest dropout rate in the EU: 12.8%/
7am. Finance. According to the PwC 2024 Barometer published Thursday May 23, Luxembourg management companies recorded growth of 5.5% in assets under management in 2023, exceeding 5.2 trillion euros and taking the largest share with 30%. of the European total. Read Delano’s article, translated into French.
Yesterday. Justice. The European Commission has imposed a fine of 337.5 million euros on Mondelez, one of the world’s leading producers of chocolate and biscuits with a wide portfolio of brands such as Côte d’Or, Milka, Oreo, Ritz, Toblerone and Tuc, to have “infringes EU competition rules, in particular by taking part in 22 anti-competitive agreements aimed at restricting cross-border trade in various products as well as by abusing its dominant position on certain national markets,” reports the Competition Authority. of Luxembourg.
Yesterday. Trade. The Lidl supermarket chain recorded a global turnover of 125.5 billion euros in 2023. Its revenues increased by 9.8% compared to 2022. The brand has 13 points of sale in Luxembourg.
Yesterday. Justice/Industry. The company Knauf Insulation was sentenced by the Thionville police court to a fine of 5,000 euros for an incident that caused significant smoke releases in spring 2023. Based in Illange, the company manufactures insulation panels from of rock wool.
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