Demonstrators in London voiced support for Ukraine as EU ministers approved new sanctions against Russia. Luxembourg’s Cube Infrastructure Managers announced senior leadership changes. Retail vacancy rates decreased as food retail expanded. The EU granted carmakers leeway in achieving CO2 targets by 2025.
Demonstrators in London expressed their solidarity with Ukraine as EU foreign ministers convened. On February 24, the ministers approved a 16th sanctions package against Russia, according to two diplomats. Concurrently, in Luxembourg, Cube Infrastructure Managers announced new senior leadership appointments amidst ongoing economic adjustments in various sectors. The retail vacancy rates in Luxembourg slightly declined, driven by the rise of food retail and pop-up stores. Meanwhile, the EU is allowing car manufacturers greater flexibility in meeting the 2025 CO2 reduction targets, a move welcomed by firms like Volvo.
The EU’s ongoing support for Ukraine through new sanctions underscores its commitment to international stability. Meanwhile, Luxembourg’s economic landscape is shifting, with leadership changes in firms and a decline in retail vacancy rates. The automotive sector is also adapting to regulatory changes aimed at addressing climate change.
Original Source: www.luxtimes.lu