Headlines

Housing projects planned by a developer in Luxembourg will continue despite the firm’s subsidiary in the Grand Duchy entering insolvency proceedings, the company’s CEO has insisted, the Luxembourg Times reported. Capelli Lux, the Luxembourg arm of French property group Capelli, began insolvency proceedings on Monday, casting doubt over the future of a major construction project in Howald, the South Village project. It follows a decision by the Paris Commercial Court on 3 December 2025 to convert the Capelli group’s receivership into liquidation proceedings.

Officials overseeing the wind-down of Stenn Technologies, the U.K. invoice-finance firm backed by Wall Street investors, have recovered about one tenth of the funds owed so far as they continue to probe the circumstances of its collapse, Bloomberg News reported. Stenn was owed roughly $1 billion in short-term invoices at the point of its Dec. 2024 insolvency. Administrators at Interpath Advisory managing the firm’s failed UK subsidiaries have obtained £93 million ($125 million) since then, according to their latest reports.

Western oil companies have been fighting to recoup tens of billions of dollars that they say Venezuela owes them — debts that could play a prominent role in efforts by President Trump to compel U.S. businesses to produce more oil in the country, the New York Times reported. Exxon Mobil and ConocoPhillips top the list of oil companies with big financial claims against Venezuela, whose president, Nicolás Maduro, was captured by U.S. forces over the weekend in Caracas.

Company executives, customs brokers and trade lawyers are bracing for a Supreme Court ruling on the legality of President Donald Trump's sweeping global tariffs - and a potential fight over obtaining perhaps $150 billion in refunds from the U.S. government for duties already paid by importers if he loses, Reuters reported.

British consumers’ spending on food shored up revenue for U.K. retailers over a Christmas shopping season clouded by weak outlay on other goods, the Wall Street Journal reported. Tesco and Marks & Spencer on Thursday reported sales for the festive period, a key time for the sector, that showed stronger performance in food than in clothes and other goods. Many U.K. grocers see their biggest share of sales during the period and make use of promotions and discounts for a boost. Grocery sales have been a bright spot in retail, with U.K.

India's income tax authorities have joined the Reserve Bank of India in raising concerns over virtual digital assets, citing enforcement challenges that threaten the government's ability to track and tax crypto transactions as the Union Budget approaches, Decrypt.com reported. On Wednesday, Tax authorities presented their concerns about cryptocurrency and other virtual digital assets to the parliamentary standing committee of finance, according to a Times of India report.

Swiss inflation edged up in the final month of 2025, likely alleviating the pressure on the country’s central bank to cut rates below zero, the Wall Street Journal reported. Inflation climbed to 0.1% in December from 0.0% in November, the first rise in five months, Switzerland’s statistics office said Thursday. While lower-than-expected inflation in recent months and an economy that contracted in the third quarter raised some expectations that the Swiss National Bank could cut rates again below zero, the inching up of inflation could allay some nerves among policymakers.

Germany had the highest number of unemployed in twelve years in 2025 and this year will continue to be challenging for Europe's biggest economy, the labour office said on Wednesday, Reuters reported. The average number of jobless in 2025 rose by 161,000 to 2.948 million, the highest annual figure since 2013, according to the labour office. Although the trough has probably been reached, a slight easing is not expected until the middle of the year at the earliest, said labour office head Andrea Nahles.

The U.S. ouster of Venezuelan dictator Nicolás Maduro has jolted Cuba, which has long relied on Venezuela for oil imports that have barely kept its tiny economy from collapsing, the Wall Street Journal reported. It opens a new and perilous chapter for the island’s Communist regime during an economic implosion that already rivals the crisis suffered by Cuba after the collapse of the Soviet Union more than three decades ago. Cuba has been in a perpetual economic crisis, which has intensified since the Covid-19 pandemic.

January 9 Luxembourg Housing Projects to Continue Despite Insolvency Proceedings, Capelli CEO Says Housing projects planned by a developer in Luxembourg will continue despite the firm’s subsidiary in the Grand Duchy entering insolvency proceedings, the company’s CEO has insisted, the Luxembourg Times reported. Capelli Lux, the Luxembourg arm of French property group Capelli, began insolvency proceedings on Monday, casting doubt over the future of a major construction project in Howald, the South Village project.