Global macroeconomic forecasts have shifted dramatically amidst the rapid spread of the Coronavirus
Disease (COVID-19) and associated responses from governments, corporations and households. The IMF
forecast for global growth in 2020, updated earlier this week, deteriorated from (positive) 3.3% in
January to -3.0% in April. On a quarter-over-quarter basis, the second quarter of 2020 is widely expected
to be the worst on record for most major economy sovereigns, as the impact of widespread business and
school closures, idled workforces, and social distancing ripples across the globe.
A Gartner, Inc. cohort of 200 CFOs on 17 March* revealed that 81% intend to offer benefits to their hourly employees that exceed any contractual obligations during the coronavirus disruption. As many as a third intend to offer full monetary compensation during the period.
The rapid spread of the virus is putting a heavy strain on both public health and the economy. The European Investment Bank Group (EIBG) has proposed measures to be taken in cooperation with the European Commission and national partners in support of European companies, health expenditure, and the EU economy as a whole.
Clearstream, Credit Suisse Asset Management, the Luxembourg Stock Exchange, and Natixis Investment Managers have announced a Series A investment in FundsDLT to develop a novel decentralised technology platform to facilitate the distribution of funds based on distributed ledger technology (DLT). This move marks a major milestone in the evolution of FundsDLT, originally initiated and incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare.
With the spread of COVID-19, the Chamber of Commerce of Luxembourg has taken measures to support companies having difficulties to ensure their activities in this period of crisis. Together with the entities House of Entrepreneurship, Mutualité de Cautionnement and the General Directorate for the Middle Classes of the Ministry of the Economy; new measures have been adopted and will be active as of this Monday 16thMarch 2020.
Several rating agencies such as Moody's and Standard and Poor (S&P) have confirmed Luxembourg's AAA rating with a stable outlook.
The very first edition of the European Finance Summit took place on March 5th, 2020. More than 500 finance professionals gathered at the ECCL to discuss the current and future trends that are redefining the entire industry. After discussing payments in the morning, the second part of the summit focused on "the new financial landscape at the horizon 2030".
La relation symbiotique entre une entreprise et ses parties prenantes passe par la notion de « karma d’entreprise », comme l’explique Katherine Davidson, analyste sectorielle mondiale chez Schroders. Cette notion peut aider les entreprises socialement responsables à être plus performantes à long terme.
La Banque Internationale à Luxembourg, en partenariat avec ALD Automotive Luxembourg, lance BIL Private Lease, son service de location longue durée (LLD) 100% digital. Avec cette solution innovante, les clients de la banque pourront choisir un véhicule et souscrire leur contrat de location depuis la plateforme BIL Private Lease.
Société Générale annonce la signature d’un accord pour céder SG Finans AS, ses activités de financement d’équipements et d’affacturage en Norvège, en Suède et au Danemark, à Nordea Finance, la branche de financement d’équipements et d’affacturage de Nordea Bank.