Category Archives: Business

Business Press Releases & News distributed via EuropaWire

GRAHAM Attains PAS 2080 Verification, Pioneering Carbon Management in Built Environment Projects

(IN BRIEF) GRAHAM has achieved PAS 2080 verification, a globally recognized standard for managing carbon in buildings and infrastructure, showcasing its dedication to integrating carbon considerations throughout its operations. PAS 2080, developed by the British Standards Institution (BSI), offers a … Read the full press release

Neste Successfully Converts Discarded Tires into High-Quality Raw Material for Chemicals and Plastics

(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release

Siemens Mobility to Transform Copenhagen’s S-bane Network into World’s Largest Automatic Urban Railway

(IN BRIEF) Siemens Mobility has secured contracts with Banedanmark and DSB to upgrade Copenhagen’s S-bane network to the highest level of automation, GoA4 technology, by 2030. This upgrade, part of the “Future S-bane” program, aims to enhance capacity, passenger experience, … Read the full press release

TotalEnergies and OQ Finalize Marsa LNG Project, Pioneering Low-Emission LNG Production in Oman

(IN BRIEF) During a visit to Muscat, Patrick Pouyanné, Chairman and CEO of TotalEnergies, reaffirmed the enduring partnership between TotalEnergies and Oman by announcing the Final Investment Decision (FID) for the Marsa LNG project. This project, in collaboration with OQ, … Read the full press release

Bosch Champions Sustainability and Innovation at Hannover Messe 2024

(IN BRIEF) As Hannover Messe 2024 approaches, Bosch prepares to showcase its commitment to sustainability and innovation in industrial manufacturing. With a focus on addressing climate change and promoting resource conservation, Bosch’s diverse portfolio of solutions encompasses factory automation, hydrogen … Read the full press release

Barclays Strengthens M&A Leadership Team with Key Appointments in EMEA

(IN BRIEF) Barclays has announced the appointment of Stephen Pick as Head of M&A for EMEA, Pier Luigi Colizzi as Chairman of M&A for EMEA, and Asim Mullick as Head of M&A for Financial Sponsors for EMEA. These appointments underscore … Read the full press release

Prudential Launches Climate & Health Resilience Fund to Address Climate Change Impacts

(IN BRIEF) Prudential plc, a prominent insurance company in Asia and Africa, has announced a significant investment of US$2.5 million through its community investment arm, Prudence Foundation, to tackle the effects of climate change on health and enhance climate resilience, … Read the full press release

SFC Energy Unveils EFOY H₂PowerPack X50 at HANNOVER MESSE 2024

(IN BRIEF) SFC Energy AG announces its participation in the upcoming HANNOVER MESSE 2024, showcasing its latest innovation, the EFOY H₂PowerPack X50. This new product, boasting a cluster power output of up to 200 kW, marks a significant advancement in … Read the full press release

Mutares Expands Portfolio with Acquisition of Greenview Group Holdings Ltd

(IN BRIEF) Mutares SE & Co. KGaA has successfully acquired Greenview Group Holdings Ltd from Cordovan Capital Partners II LP and Michael Burke, the current CEO, marking its fourth acquisition in 2024. Greenview Group, established in 2017, specializes in mechanical … Read the full press release

Leadership Transition at flatexDEGIRO: Co-CEOs Appointed as Niehage Steps Down

(IN BRIEF) Frank Niehage will step down from his role as CEO of flatexDEGIRO Group on April 30, 2024, due to differing views on strategic development. Dr. Benon Janos, CFO, and Stephan Simmang, CTO, will take on the roles of … Read the full press release

PUMA Launches RE:SUEDE 2.0 Sneakers: Taking Sustainable Footwear to the Next Level

(IN BRIEF) PUMA announces the commercial release of its RE:SUEDE 2.0 sneaker, following the successful conclusion of its two-year pilot project aimed at exploring sustainable end-of-life solutions for footwear. During the experiment, PUMA produced 500 pairs of the iconic Suede … Read the full press release

Daimler Buses Delivers Fleet of Mercedes-Benz Tourismo Coaches for European Sporting Event 2024

(IN BRIEF) In April 2024, Daimler Buses handed over 24 Mercedes-Benz Tourismo 15 RHD touring coaches to Autobus Oberbayern GmbH from Munich and Bus-Verkehr Berlin KG (BVB) from Berlin. Each company received 12 coaches, which will be used as team … Read the full press release

Mercedes-Benz Trucks Achieves Breakthrough in E-Truck Charging: 1,000 Kilowatt Capacity Unveiled

(IN BRIEF) Mercedes-Benz Trucks has reached a significant milestone in electric truck development, successfully charging a prototype of the eActros 600 at a groundbreaking 1,000 kilowatts during internal testing at Wörth am Rhein. This achievement marks the implementation phase of … Read the full press release

Anglo American Faces Appeal Decision in Kabwe Lead Pollution Case

(IN BRIEF) Anglo American acknowledges the High Court of South Africa’s recent decision to grant claimants the right to appeal against the dismissal of their class action application regarding lead pollution in Kabwe, Zambia. Despite the prior dismissal due to … Read the full press release

DNV Bolsters Presence in Aquaculture Sector with Full Ownership of Ocean Ecology

(IN BRIEF) DNV has completed the acquisition of Ocean Ecology, a leading UK marine environmental consultancy, solidifying its position in the aquaculture and biodiversity sector. Previously majority-owned by Åkerblå, Ocean Ecology has established itself as a trusted provider of marine … Read the full press release

Pinellas County Partners with Kapsch TrafficCom to Enhance Mobility and Safety

(IN BRIEF) Pinellas County, Florida, has chosen Kapsch TrafficCom to lead a project aimed at improving mobility and safety with advanced technology solutions, backed by a USD 4.6 million grant from the Federal Highway Administration. With Pinellas County facing significant … Read the full press release

GKN Aerospace Secures Contract with Swedish Defence for Future Fighter Systems Development

(IN BRIEF) GKN Aerospace has been awarded a contract by the Swedish Defence Materiel Administration (FMV) to conduct conceptual studies for advanced power and propulsion systems in support of future fighter systems. The agreement, spanning two years with the possibility … Read the full press release

Swissloop Tunneling Triumphs at Not-a-Boring Competition 2024 with Groundhog Beta

(IN BRIEF) Swissloop Tunneling, a team of students from ETH Zurich supported by Empa, emerged victorious at the Not-a-Boring Competition 2024 in Bastrop, Texas, with their innovative micro-tunneling machine, Groundhog Beta. The team’s success marks a significant milestone in the … Read the full press release

BMT SPARO® Revolutionizes Drone Deliveries with British Army Contract

(IN BRIEF) BMT SPARO®, a pioneering air-ground payload transfer device, has secured a pivotal contract with the British Army, signaling a significant advancement in autonomous logistics within the defense sector. This innovative technology allows drones to conduct precise deliveries from … Read the full press release

Gerrit Marx Appointed CEO of CNH Industrial, Succeeding Scott W. Wine

(IN BRIEF) CNH Industrial N.V. (NYSE:CNHI) has announced the appointment of Gerrit Marx as its new CEO, effective July 1, 2024. Marx will succeed Scott W. Wine, who, after successfully overseeing the delivery of the 2021 Business Plan, has decided … Read the full press release

Neste and New Jersey Natural Gas Collaborate to Slash Greenhouse Gas Emissions with Renewable Diesel

(IN BRIEF) Neste, a global leader in renewable diesel production, teams up with New Jersey Natural Gas (NJNG) to tackle greenhouse gas emissions by adopting Neste MY Renewable Diesel™ for NJNG’s medium-duty trucks and equipment fleet. This initiative marks NJNG … Read the full press release

Vonage and Singtel Forge Alliance to Drive Global Innovation with Network APIs

(IN BRIEF) Vonage, a part of Ericsson, joins forces with Singtel, a leading communications service provider, to integrate Vonage’s API platform with Singtel’s Paragon orchestration platform. This partnership aims to enhance innovation opportunities for enterprises and telcos by providing access … Read the full press release

Cunard Welcomes Queen Anne: Newest Jewel in the Luxury Cruise Line’s Fleet

(IN BRIEF) Cunard’s illustrious fleet gains a new gem as Queen Anne officially joins during a historic handover ceremony at the Fincantieri Marghera shipyard in Venice. Attended by dignitaries and industry leaders, the event marks the 249th ship under the … Read the full press release

Lithuania Advances Rail Electrification with EUR 200 Million Investment in Electric and Battery Trains

(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release

Hydro Expands Recycling Capacity to Accelerate Decarbonization Efforts

(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release

Continental Survey Reveals Driver Attitudes Towards Health Checks and Advanced Safety Systems

(IN BRIEF) A recent survey commissioned by Continental highlights German drivers’ perspectives on health checks and advanced driver assistance systems (ADAS). Almost two-thirds of respondents consider regular health checks a sensible means to assess fitness for driving, with significant generational … Read the full press release

AFME Applauds European Council’s Push for New Competitiveness Deal

(IN BRIEF) The Association for Financial Markets in Europe (AFME) lauds the European Council’s recent conclusions advocating for a “new European competitiveness deal,” which underscores the importance of deepening the Single Market and advancing the Capital Markets Union (CMU). AFME … Read the full press release

ORLEN Group Electrifies Sleipner Field, Slashing Carbon Emissions

(IN BRIEF) ORLEN Group continues its commitment to sustainability with the electrification of the Sleipner field in the North Sea, connecting it to clean energy generated onshore. This initiative will result in the prevention of 160,000 tonnes of carbon dioxide … Read the full press release

Sweco AGM 2024: Resolutions Passed, Dividend Announced, and Treasury Share Plans Set

(IN BRIEF) Sweco AB (publ) concluded its Annual General Meeting, ratifying proposals from the Board of Directors and the Nomination Committee. The meeting re-elected seven Directors and granted discharge of liability for the financial year 2023. Ernst & Young AB … Read the full press release

Evonik Unveils Next-Gen Sustainable Additives at UTECH Europe 2024

(IN BRIEF) Evonik is set to showcase its latest solutions for the polyurethane industry at UTECH Europe 2024, emphasizing its commitment to sustainable innovation and deep understanding of polyurethane chemistry. Highlighting its portfolio transformation towards sustainable additive solutions based on … Read the full press release

DNV Grants Class and Statutory Certificates to Fortescue’s Green Pioneer, Pioneering Ammonia-Powered Vessel

(IN BRIEF) During Singapore Maritime Week, DNV awarded Australian company Fortescue with class and statutory certificates for its revolutionary dual-fuelled ammonia-powered ship, the ‘Green Pioneer’. This achievement marked the culmination of a project initiated in 2021, with DNV engaged to … Read the full press release

GTT Group Names Jean-Baptiste Choimet as New CEO, Maintains Philippe Berterottière as Chairman

(IN BRIEF) The GTT Group has announced the appointment of Jean-Baptiste Choimet as its new Chief Executive Officer effective June 12, 2024. Currently serving as a member of GTT’s Executive committee and Managing Director of Elogen, a subsidiary specializing in … Read the full press release

Intesa Sanpaolo Partners with Quid Informatica to Launch Innovative Financing Products through isybank

(IN BRIEF) Intesa Sanpaolo and Quid Informatica have inked a framework agreement facilitating the introduction of financing products by isybank, Intesa Sanpaolo’s digital bank, in the upcoming months. Qinetic, Quid’s credit process management platform, will serve as the foundation for … Read the full press release

Knorr-Bremse Expands Rail Portfolio with Acquisition of Alstom Signaling North America

(IN BRIEF) Knorr-Bremse AG, a global leader in braking systems and rail technologies, announces its acquisition of the conventional rail signalling technology business of Alstom Signaling North America. This strategic move marks Knorr-Bremse’s entry into the rail control, command, and … Read the full press release

NatWest SME PMI® Tracker Shows UK SMEs Optimistic Amidst Recovery and Sustainable Investment Plans

(IN BRIEF) The latest NatWest SME PMI® Tracker reveals a robust expansion in business activity among UK SMEs during the first quarter of the year, with a Business Activity Index of 52.6 in March, indicating growth. This growth is largely … Read the full press release

Telefónica Honored at Madrid Stock Exchange on 100th Anniversary

(IN BRIEF) Telefónica celebrates its 100th anniversary at the Madrid Stock Exchange, where Chairman José María Álvarez-Pallete rings the bell in commemoration of the company’s century-long journey. Surrounded by guests from the economic and stock market sectors, Álvarez-Pallete emphasizes the … Read the full press release

Telefónica Marks 100th Anniversary with Spectacular Gala at Teatro Real

(IN BRIEF) Telefónica commemorates its 100th anniversary with a grand Centenary Gala at the prestigious Teatro Real in Madrid, attended by dignitaries including His Majesty King Felipe VI and prominent political and business figures. The evening features performances by renowned … Read the full press release

DHL Group Extends GoHelp Program to Europe, Enhancing Disaster Relief Efforts

(IN BRIEF) In a move to bolster global disaster relief initiatives, DHL Group announces the expansion of its GoHelp program to Europe. Building on its longstanding partnership with the United Nations, DHL Group aims to address the increasing frequency of … Read the full press release

Deutsche Telekom Dominates Connect Readers’ Polls in Spring 2024

(IN BRIEF) In the latest Connect readers’ poll, Deutsche Telekom emerged as the undisputed leader across various categories in the telecommunications sector. Garnering over 90,000 votes, Deutsche Telekom clinched top honors in mobile network operation, fixed network provision, IPTV service, … Read the full press release

EBRD Supports Nrep’s Innovative Housing Concept in Poland with PLN 58.9 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a loan of PLN 58.9 million (€13.7 million) to Nrep Nordic Strategies Fund IV’s Polish subsidiary to facilitate the development of residential housing in Poland. This funding will … Read the full press release