Prudential announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is intended to be the company's hub for its European business after Brexit.
Luxembourg Prime Minister Xavier Bettel put the chances of Britain's parliament passing the withdrawal deal at 50-50 and said the best possible Brexit outcome would be a new referendum and a vote to stay in the European Union.
Luxembourg finance minister Pierre Gramegna told the Luxembourg Times paper that it was "unthinkable" Britain would delay its departure from the European Union beyond the European Parliament 23-26 May elections.
The European Commission has
opened an investigation to examine whether tax rulings granted
by Luxembourg to Finnish food and drink packaging company
Huhtamaki are in breach of EU state aid rules, it
said on Thursday.
The Christian Democrat parties from Belgium and Luxembourg want to kick Hungarian Prime Minister Viktor Orban out of their European Union EPP umbrella group in a move that could impact European elections in May.
The European Union should back any decision by Britain to hold a second Brexit referendum and could smooth the path by allowing it to nominate MEPs rather than participate in May's European Parliament elections, Luxembourg's foreign minister said.
The European Union could help Britain hold a second Brexit referendum by allowing it to nominate members of the European Parliament (MEPs) for a very short period, Luxembourg's Foreign Minister Jean Asselborn said on Tuesday.
A European-wide solution is needed on whether to exclude Chinese firms such as Huawei Technologies from participating in the building of Europe's future 5G mobile networks, Luxembourg Prime Minister Xavier Bettel said on Wednesday.
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