World teeters on brink of geopolitical and environmental crises, warns WEF
The world faces mounting challenges in 2025, according to the latest Global Risks Report published by the World Economic Forum.
Europe’s largest asset manager emerges from BPCE, Generali deal
Paris-based BPCE and Milan-headquartered Generali are joining forces in a 1,900 billion euro asset management venture, set to dominate Europe’s market by revenue.
The market maintains confidence in US insurers despite wildfires
The “outrageous” prediction by Saxo Bank of a major climate disaster impacting the insurance industry in 2025 became a reality last week. The effects of California’s wildfires are being felt within the insurance sector. However, the predicted crisis has not materialised, as investors remain confident in the industry’s resilience.
Alumia partners with CIFC in alternative credit
Luxembourg-based investment advisory firm Alumia has announced a partnership with CIFC Asset Management, an alternative credit specialist headquartered in Miami.
Sustainable funds rush to rebrand amid greenwashing crackdown
Asset managers are scrambling to rebrand their sustainable investment funds as stepped-up regulatory crackdowns on greenwashing risk deepening fragmentation in the industry, experts warned at the Morningstar Sustainable Investing Summit in Amsterdam.
NATO’s top admiral urges EIB to boost European defence funding
NATO’s top military commander, admiral Rob Bauer, has urged the European Investment Bank (EIB) to expand its support for the defence sector, pointing out that the EIB’s current restrictions limit Europe’s security capabilities at a critical time.
Trump orders Musk, Ramaswamy to cut federal fat
In a move set to shake the corridors of Washington, president-elect Donald Trump has appointed Tesla’s CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead a new “Department of Government Efficiency,” or DOGE.
Luxembourg innovators bring wine and e-signing to Web Summit
Luxembourg startups Vinesia and Ignisign this week head to Lisbon’s Web Summit, showcasing innovative solutions in fine wine investment and secure e-signatures amid Europe’s bustling tech scene.
CSSF imposes fines on five AIFMs for AML violations
The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has issued administrative fines to five alternative investment fund managers for failing to comply with anti-money laundering and counter-terrorism financing (AML/CFT) regulations.
With Republican House victory, Powell’s troubles deepen
The Republicans won the popular vote, regained control of the Senate, and are nearing a majority in the House of Representatives. This is bad news for Fed Chairman Jerome Powell, with whom Donald Trump has a score to settle.