Luxembourg, Japan Team up to Explore and Mine Space Resources

By   Re-Blogged From Mining.com

Luxembourg seems to be in a rush to become Europe’s hub for space mining, as it announced Wednesday yet another deal aimed at boosting boost the exploration and the commercial utilization of resources from near earth objects, such as asteroids.

The fresh agreement, this time with Japan, is part of Luxembourg’s SpaceResources.lu initiative launched last year to promote the mining of celestial bodies for minerals.

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EU Takes Countries To Court Over ‘Bail-In’ Laws

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

The European Commission is taking legal action against six European countries, including the Netherlands and Luxembourg, after they failed to implement rules that would allow for depositors to have their cash confiscated.

Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU’s “bail-in” laws into national legislation, the European Commission said last Thursday according to The Telegraph.

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