Tag: Luxembourg
From sun-drenched deserts to equatorial highlands, a growing number of countries now generate over 10%—and in some cases nearly 30%—of their electricity from solar power. The unlikely leader is Lebanon—a nation in the throes of state collapse. With its national grid delivering just a few hours of power per day and the central government functionally bankrupt, Lebanese citizens, businesses, and hospitals have turned rooftops into power plants. This infographic shows the share of solar in electricity generation.
Public trust in defence spending — ultimately, for the proxy war against Russia in Ukraine — risks further erosion as taxpayers see an alliance unable or unwilling to police its own procurement processes.
Luxembourg’s historical relevance is that, because France, Belgium, the Netherlands and Germany have all fought over the centuries to control their tiny neighbour, Luxembourg has often bled profusely as a result.
From the beginning of April this year, the subject of «Offshore leaks» has become a favourite with the world's media. Even the issue of Cyprus has paled in significance. Loosely speaking, «Offshore leaks» can be defined as the leakage of sensitive information about offshore companies and their clients… We are talking about a planned operation on a global scale. On 4 April, the leading media companies of a variety of countries almost simultaneously issued a sensational news story claiming that an organisation called the International Consortium of Investigative Journalists (ICIJ) has a rich database on offshore companies and their clients. The overall volume of files at ICIJ's disposal exceeds 260 gigabytes…
