Five stories you may have missed

RBC announces further job losses in Luxembourg

RBC Investor & Treasury Services, part of the Royal Bank of Canada, will embark on another round of redundancies according to an email seen by the Luxembourg Times, even if a current social plan is not yet completed.

The firm made a proposal for cost saving measures in Europe, which will include "some job losses", primarily in Luxembourg, according to the email, which was sent to staff by the London-based chief executive officer of the RBC unit, Francis Jackson on Tuesday.

How certain is Luxembourg’s Covid-19 death count?

Luxembourg may not have a clear picture for months or years of who is at the greatest risk of dying from Covid-19, or even how many people the disease has killed, health officials have said.

Ten percent of the people counted as dying from the contagious respiratory disease through 9 September did not have Covid-19 listed as the cause on their death certificates, the Health Ministry told the Luxembourg Times after a records request.

Politicians in row over private security in capital

Politicians are at loggerheads after a decision by the mayor of Luxembourg City to hire a private security company to police parts of the capital suffering from high crime levels.

Mayor Lydie Polfer has hired private security guards with dogs to keep watch in the historical city centre and in the Gare area around the central train station, a drug and crime hotspot, the city said on Thursday.

Embattled LFP I left without board after shareholder vote

Shareholders in the embattled LFP I fund dismissed the entity's three directors on Monday after a meeting of more than six hours, which saw a skirmish erupt over the up to €100 million in investor money that has disappeared without a trace.

The three directors of LFP I - who have launched a flurry of lawsuits to retrieve the missing money since they were brought in two years ago - were dismissed in a vote, four different people who were present at the meeting told the Luxembourg Times.

First royal budget published after court scandal

Luxembourg will spend €17.5 million on its monarchy next year, Prime Minister Xavier Bettel has told Parliament, presenting the budget in one place for the first time after a damning report said it was unclear how much taxpayers spent on the royal family.

It was the first time the government separated spending for the royal court, and the royal family's personal finances, Bettel said, when presenting the numbers to a parliamentary committee on Tuesday.

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