Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

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

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

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

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

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

European Investment Bank Signs €215 Million Loan Agreement with Andalusia for Regional Development Projects

(IN BRIEF) The European Investment Bank (EIB) has finalized a €215 million loan agreement with the regional government of Andalusia to co-finance social, green, and digital investment initiatives in the Spanish region. This funding, part of the EU operational programme … Read the full press release

VINCI Concessions Seals Landmark Acquisition of Denver’s Northwest Parkway

(IN BRIEF) VINCI Concessions, through its subsidiary VINCI Highways, has completed the purchase of NWP HoldCo LLC, securing full ownership of Northwest Parkway, a crucial 14 km tolled segment of the Denver ring road in Colorado, USA, for approximately $1.2 … Read the full press release

Svenska kraftnät Awards AFRY Contract for Strengthening Transmission Capacity

(IN BRIEF) Svenska kraftnät, the Swedish state-owned enterprise, is embarking on an ambitious project called NordSyd to enhance the transmission network between electricity areas 2 and 3, aimed at facilitating the energy transition. AFRY has secured the contract for constructing … Read the full press release

Philips Museum Launches Interactive AI Exhibition: brAInpower

(IN BRIEF) The Philips Museum in Eindhoven, Netherlands, is set to unveil its new exhibition, ‘brAInpower,’ on April 20th, focusing on artificial intelligence (AI) and its impact, particularly in healthcare. Through interactive elements, rare collection pieces, and informative videos, visitors … Read the full press release

Modern Weather Models Revolutionize Satellite Movement Predictions

(IN BRIEF) Researchers at the Institute for Atmospheric and Earth System Research (INAR) at the University of Helsinki have discovered that modern weather models accurately predict the energy emitted and reflected by the Earth, affecting the movements of low Earth-orbiting … Read the full press release

Maersk Enhances ME2 Ocean Service, Expanding Reach to North Europe Ports

(IN BRIEF) A.P. Moller – Maersk (Maersk) has announced a significant upgrade to its ME2 ocean service, now including port calls to key destinations in North Europe such as Rotterdam, Felixstowe, and Bremerhaven. This strategic extension aims to benefit North … Read the full press release

Advancements in Causal Machine Learning Poised to Revolutionize Medical Diagnostics and Therapy, Researchers Say

(IN BRIEF) An international research group, led by Professor Stefan Feuerriegel from LMU, is pioneering the application of causal machine learning (ML) in medical diagnostics and therapy. Published in Nature Medicine, their study asserts that causal ML has the potential … Read the full press release

University of Liverpool Awarded £1.3m to Combat Antimicrobial Resistance in Fleming Fund Partner Countries

(IN BRIEF) The University of Liverpool has secured £1.3m in funding to support the UK Government’s Fleming Fund Fellowship Programme, aimed at addressing antimicrobial resistance (AMR) in partner countries. Led by Professor Alison Holmes, the program will provide mentorship and … Read the full press release

University of Liverpool Partners with Kenyan Government to Combat Household Air Pollution

(IN BRIEF) The University of Liverpool has joined forces with government stakeholders in Kenya to launch a groundbreaking initiative aimed at tackling the adverse health effects of household air pollution (HAP). Through the Memorandum of Understanding (MoU), the TABLE-HAP program … Read the full press release

UK Ministry of Defence Enhances Fleet Efficiency with Airbus H145 Helicopter Order

(IN BRIEF) The UK Ministry of Defence (MoD) has placed an order for six Airbus H145 helicopters, marking a strategic move towards fleet modernization and consolidation. These helicopters, designated for deployment in Cyprus and Brunei, will replace existing Airbus Pumas, … Read the full press release

Uniper Revives Düsseldorf Marathon: Return of City’s Premier Event Draws Global Attention

(IN BRIEF) The Düsseldorf Marathon, sponsored by international energy company Uniper, is set to make a triumphant return to the city on April 27, 2025, after a hiatus of six years. With Uniper’s support and the full organizational reins taken … Read the full press release

RIZON Drives Electric Innovation: Daimler Truck’s New Brand Debuts Battery-Electric Trucks in Canada

(IN BRIEF) Daimler Truck’s latest brand, RIZON, announces the Canadian launch of its battery-electric Class 4-5 trucks, marking a significant step towards electrification in the transportation sector. With its debut at Truck World in Toronto and preorders opening in June … Read the full press release

ANDRITZ and Trinity Touch Forge Strategic Alliance to Fortify Solar Power Sector

(IN BRIEF) ANDRITZ, an international technology group, and Trinity Touch Pvt. Ltd., a leading provider of electrical monitoring solutions for solar power plants, have joined forces in a strategic partnership aimed at enhancing efficiency and security in the solar energy … Read the full press release

Lithuania’s Rail Revolution: EIB, NIB, and LTG Link Spearhead Electric Train Fleet Renewal

(IN BRIEF) In a landmark move towards sustainable transportation, the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link have sealed a financing deal to procure electric and battery-powered trains. With loans totaling €200 million, nine electric … Read the full press release

EIB and Ukraine Forge Strategic Partnership for Reconstruction and Growth

(IN BRIEF) The European Investment Bank (EIB) and the Government of Ukraine have solidified a strategic collaboration to bolster Ukraine’s reconstruction, recovery, and integration with the EU. This partnership, marked by a new memorandum of understanding (MoU), pledges €560 million … Read the full press release

Bosch Maintains Growth Trajectory Amidst Challenging Economic Landscape

(IN BRIEF) Despite facing a challenging economic climate, the Bosch Group showcased growth and profitability in the 2023 business year. With sales reaching 91.6 billion euros and an EBIT margin from operations up by 5.3 percent year-on-year, the company is … Read the full press release

Barclays and LTA Join Forces to Serve Up Free Park Tennis Across Britain

(IN BRIEF) Barclays and the Lawn Tennis Association (LTA) have launched a new five-year partnership aimed at getting 150,000 people playing tennis more regularly in parks across Britain. Through the initiative “Barclays Free Park Tennis,” free volunteer-led tennis sessions will … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

Siemens Unveils Groundbreaking Innovations for Sustainable Industrial Transformation at Hannover Messe 2024

(IN BRIEF) At Hannover Messe 2024, Siemens unveils an array of cutting-edge technologies aimed at fostering sustainable transformation in the industrial sector. Among the highlights are the integration of Siemens Industrial Copilot into various industries, showcased in collaboration with partners … Read the full press release

Siemens Unveils Electrification X: Revolutionizing Infrastructure Transformation

(IN BRIEF) Siemens Smart Infrastructure has introduced Electrification X, the latest addition to its Xcelerator portfolio, aiming to revolutionize the transformation of electrification infrastructure. Building upon the success of Building X and Gridscale X, Electrification X offers scalable IoT SaaS … Read the full press release