(IN BRIEF) Avient Corporation and BASF have partnered to introduce colored grades of Ultrason® high-performance polymers to the global market. The collaboration combines BASF’s Ultrason® polyarylethersulfones (PAES) as the base polymer with Avient’s Colorant Chromatics™ expertise in high-temperature color formulations. … Read the full press release
(IN BRIEF) Deutsche Post AG has successfully issued its first sustainability-linked bond worth €500 million. The bond’s interest rate is tied to the company’s ambitious CO2 emissions reduction targets. Deutsche Post AG aims to decrease its greenhouse gas emissions to … Read the full press release
(IN BRIEF) LCH Group, majority-owned by the London Stock Exchange Group (LSEG), has agreed to acquire Euronext’s 11.1% stake in LCH SA, the French subsidiary of LCH Group, for EUR 111 million. This transaction will grant LCH Group full ownership … Read the full press release
Posted in Business, Financial, France, Investment, United Kingdom
Tagged acquisition, credit derivatives, equity clearing services, Euronext, Eurozone, LCH Group, LCH SA, LSEG, repo transactions, Stake Acquisition
(IN BRIEF) RWE is expanding its solar business in Spain with the commissioning of the Puerta del Sol solar farm, following the earlier launch of Casa Valdes. Puerta del Sol, located near Madrid, has a capacity of 44 MWac and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Casa Valdes solar farm, Ferrovial, Gazules project, Green Energy, Guadalajara province, Katja Wünschel, Las Vaguadas, Madrid, Orkoien onshore wind, Puerta del Sol, RWE, RWE Renewables Iberia, Solar, solar farms, Spain
(IN BRIEF) Tom Drechsler has been appointed as the new head of the Communication department at Škoda Auto, starting from July 1. He replaces Ariane Kilian, who is temporarily stepping down due to personal reasons. Drechsler brings extensive experience, having … Read the full press release
Posted in Automotive, Business, Czech Republic, Management, Marketing, Media
Tagged Ariane Kilian, Auto Bild, AUTO BILD Group, Communication, communications manager, journalist, Klaus Zellmer, leadership, ŠKODA, ŠKODA AUTO, Tom Drechsler
(IN BRIEF) BNP Paribas, in collaboration with Banque des Territoires and the European Investment Fund (EIF), has launched a new marketplace initiative called the BNP Paribas European Impact Bonds Fund 2. This fund aims to support the expansion of Impact … Read the full press release
Posted in Banks, Environment, European Union, Financial, France, Society
Tagged Antoine Sire, Banque des Territoires, BNP Paribas, BNP Paribas European Impact Bonds Fund 2, Cazenave Report, child protection, Christophe Genter, combating homelessness, European Investment Fund, European Union, fighting school dropout, Impact Bonds, L’Ascenseur in Paris, NEET, people with disabilities, refugees, Roger Havenith, SIBs, Social Impact Bonds fund, vulnerable youth
(IN BRIEF) The Bank of England has disclosed the schedule for the sales of gilts held in the Asset Purchase Facility (APF) for monetary policy purposes in Q3 2023. They plan to sell a total of £2.37 billion across short, … Read the full press release
Posted in Banks, Economy, Financial, Investment, United Kingdom
Tagged Asset Purchase Facility, Bank of England, BoE, gilts, monetary policy
(IN BRIEF) Iberdrola, a renewable energy company, has launched a “solar grazing” initiative in Portugal. They have introduced around 300 sheep to graze in their photovoltaic parks. This practice benefits livestock farmers by providing new grazing spaces and protects the … Read the full press release
(IN BRIEF) The Financial Conduct Authority (FCA) in the UK has issued a warning about fraudsters impersonating Blockchain Access UK Ltd, an authorised EMD Agent. These fraudsters are attempting to deceive consumers by using the details of the authorised agent. … Read the full press release
(IN BRIEF) Volkswagen has launched pre-sales for the new Touareg R eHybrid, their flagship electric SUV. Packed with power and innovation, the Touareg R features a 3.0-liter turbocharged engine and electric motor, delivering 340 kW (462 PS) of power and … Read the full press release
(IN BRIEF) Eni and Vår Energi have announced their agreement to acquire Neptune Energy Group, a leading exploration and production company with gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia. Eni will acquire Neptune’s global business, excluding Germany … Read the full press release
Posted in Business, Energy, Gas & Oil, Investment, Italy, Norway
Tagged acquisition, Eni, exploration, natural gas production, Neptune Energy Group, Vår Energi
(IN BRIEF) Bosch Engineering and X Shore have announced a collaboration to enhance the electric drive system of the X Shore 1 boat. The partnership aims to improve performance and efficiency, bringing together Bosch’s advanced technology and automotive expertise with … Read the full press release
(IN BRIEF) RWE, a leading energy company, has announced its updated Green Financing Framework to support sustainable investment. With a focus on building a sustainable energy system, RWE plans to invest over 50 billion euros by 2030 as part of … Read the full press release
(IN BRIEF) Vodafone Foundation has expanded the m-mama maternal and newborn emergency transport system to Kenya with a $14 million investment. The collaborative effort between Vodafone Foundation, the Kenyan Government, USAID, Safaricom, and M-Pesa Foundation aims to improve maternal and … Read the full press release
(IN BRIEF) Telekom has announced that its customers can enjoy 5G roaming services while traveling abroad during the summer holiday season. With over 120 partner agreements in 60 countries, Telekom ensures seamless access to the fastest mobile communication standard worldwide. … Read the full press release
Posted in Business, Germany, Infrastructure & Utilities, Internet & Online, Technology, Telecom, Travel
Tagged 5G roaming, 5G surfing, holiday, mobile communications, roaming, streaming, summer holiday season, Telekom, travel
(IN BRIEF) Škoda Auto has launched a dedicated microsite that provides comprehensive information on the company’s sustainability initiatives. The microsite covers Škoda’s environmental, social, and governance efforts, showcasing measures to reduce its CO2 footprint, community involvement, and commitment to being … Read the full press release
(IN BRIEF) Logicor has signed a long-term lease agreement with EET Group for a property in Greve, Denmark. EET Group, a B2B IT distributor serving over 30,000 merchants across Europe, plans to utilize the facility as a crucial part of … Read the full press release
Posted in Business, Denmark, Industrial, Transportation & Logistics, United Kingdom
Tagged Andrew Dalgliesh, Bjarke Roost, EET Group, Greve, Logicor, logistic real estate, logistics, modern warehouse, warehouse
(IN BRIEF) Eni has announced the completion of its treasury shares purchase program from June 12 to June 16, 2023. During this period, the company acquired 5,417,589 shares on the Euronext Milan at an average price of €12.9818 per share, … Read the full press release
Posted in Energy, Gas & Oil, Financial, Investment, Italy
Tagged Eni, Euronext Milan, Million Treasury Shares, Share Buyback Program
(IN BRIEF) Allianz Trade has conducted a study revealing a significant gap between perceived and actual inflation rates, with Germany experiencing the widest disparity. The study shows that perceived inflation in the eurozone is nearly three times higher than the … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Insurance, Switzerland
Tagged Actual Inflation, Allianz Trade, divergent inflation rates, Eurozone, inflation, Perceived Inflation
(IN BRIEF) Volkswagen Group has announced a strategic realignment and the launch of performance programs to enhance profitability and cash flow. At its Capital Markets Day, the Group emphasized leadership principles focused on customer orientation and entrepreneurship. Each brand will … Read the full press release
(IN BRIEF) Henkel Adhesive Technologies, a leader in sustainability, has achieved a major milestone by making its manufacturing sites carbon neutral and sourcing 100% renewable energy. As part of its 2030+ Sustainability Ambition Framework, the company has invested in various … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) Vattenfall proudly announces the completion of turbine installation at the Hollandse Kust Zuid offshore wind farm. After nearly two years of construction, the final turbine has been installed, bringing the total count to 139 out of the originally … Read the full press release
(IN BRIEF) Effective October 1, 2023, BASF will transfer its European direct business for Ultraform® (POM) to its trusted trading partners, ALBIS and Ultrapolymers Group. While the sales process will be handled by ALBIS and Ultrapolymers Group, BASF will continue … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management
Tagged ALBIS, BASF, engineering plastics, engineering plastics portfolio, polyoxymethylene, POM, Ultraform®, Ultrapolymers Group
(IN BRIEF) BASF has started construction on a polyethylene (PE) plant in Zhanjiang, China. The plant, scheduled to be operational by 2025, will have an annual capacity of 500,000 metric tons of PE. This investment aims to meet the increasing … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Investment
Tagged BASF, Bejoy Chandran, Bir Darbar Mehta, CHINA, ethylene, films, flexible packaging, PE, pipelines, polyethylene, storage tank, versatile thermoplastic polymer, Zhanjiang
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Montenegro
Tagged EBRD, Elektroprivreda Crne Gore a.d. Nikšić, energy transition, EPCG, Green Gvozd LLC, Krešimir Čondić, Milutin Đukanović, Montenegro, Nikola Rovčanin, onshore wind farm, Remon Zakaria, renewable energy
(IN BRIEF) Rheinmetall, a leading provider of automotive solutions, has introduced a plug and play heat pump designed to enhance thermal management in electric vehicles (EVs). The compact and preassembled heat pump offers efficient climate control in the passenger compartment … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Mastercard Center for Inclusive Growth have announced an expansion of their collaboration on gender equality, small business support, and digital transformation. The Memorandum of Understanding (MoU) between the organizations … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Investment, Turkey
Tagged climate mitigation, EBRD, EU, European Union, green investments, low-carbon economy, maritime, Nikolaus Meyer Landrut, Sue Barrett, The Maritime Decarbonisation and Green Shipping Programme, Türkiye
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
(IN BRIEF) Rolls-Royce has announced the commencement of testing for its new small gas turbine designed for hybrid-electric flight. The engine is part of a turbogenerator system developed for the Advanced Air Mobility market, catering to applications like eVTOL aircraft … Read the full press release
Posted in Aviation & Aerospace, Electronics & Machinery, Industrial, Technology, Transportation & Logistics, United Kingdom
Tagged advanced air mobility, Commuter Aircraft, electrical vertical take-off and landing, eVTOL, eVTOL Aircraft, hybrid-electric flight, Olaf Otto, Rolls-Royce, small gas turbine, turbogenerator system, urban air mobility
(IN BRIEF) TotalEnergies is responding to the increasing demand for sustainable aviation fuel (SAF) by investing in multiple SAF production projects. By 2028, the company aims to produce half a million tons of SAF, meeting the European SAF blending mandate. … Read the full press release
(IN BRIEF) Saab’s Arexis sensor suite has been selected as the preferred solution for the German Eurofighter Electronic Warfare (EW) variant by Germany’s defence procurement office (BAAINBw). This follows Germany’s plan to equip 15 Eurofighters for EW missions. Saab’s Arexis … Read the full press release
Posted in Business, Defence, Germany, Industrial, Sweden, Technology
Tagged Anders Sjöberg, Arexis, artificial intelligence, BAAINBw, electronic warfare, German Eurofighter, Helsing, Saab, sensor
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the winner of the EBRD Literature Prize 2023. “The Lake” by Bianca Bellová, translated from Czech into English by Alex Zucker and published by Parthian Books, emerged as … Read the full press release
Posted in Art & Culture, Banks, Entertainment, Financial, Media, United Kingdom
Tagged Alex Zucker, Alex Zucker Toby Lichtig, And Other Stories, Arkady Ostrovsky, Author Bianca Bellová, Bianca Bellová, EBRD, EBRD Literature Prize 2023, Fitzcarraldo Editions, Jennifer Croft, literary fiction, Luke Leafgren, Maya Jaggi, Mister N, Najwa Barakat, Natasha Randall, Odile Renaud-Basso, Olga Tokarczuk, Parthian Books, The Books of Jacob, The Lake, Toby Lichtig
(IN BRIEF) The European Investment Bank (EIB) and the Ministry of Foreign Affairs in Mexico have signed a declaration of intent to strengthen their strategic partnership on financing sustainable development in Mexico. The agreement aims to provide appropriate and affordable … Read the full press release
Posted in Banks, European Union, Financial, Investment, Luxembourg
Tagged Andrés Manuel López Obrador, BANCOMEXT, BANOBRAS, Carmen Moreno Toscano, CFE, CONAGUA, EIB, EU-Mexico partnerships, European Commission, European Investment Bank, Federal Electricity Commission, Kristin Lang, Lithium for Mexico, LITIO MX, Mexico, Mexico City, Nacional Financiera SNC, NAFIN, National Bank of Foreign Trade, National Bank of Public Works and Services, National Water Commission, Plan Sonora, Ursula von der Leyen
(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Norway
Tagged aluminium, Hydro, Malaysia, offshore floating solar, offshore floating solar energy, Paul Warton, renewable energy, SolarDuck, SolarDuck offshore floating solar plant, Tenaga Nasional Berhad, TNB, TNB Renewables Sdn Bhd, TNB Research Sdn Bhd
(IN BRIEF) Michelin Group has acquired full ownership of ASM Clermont Auvergne, a renowned rugby club. The acquisition aims to ensure the club’s continuity and guide its transformation. Michelin shares the club’s ambition to restore its athletic goals while improving … Read the full press release
Posted in Automotive, France, Sports
Tagged ASM Clermont Auvergne, Benoît Vaz, Jean-Claude Pats, professional rugby, sports, The Michelin group, Yellow Army
(IN BRIEF) Barclays has announced the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within its Investment Banking division. Shakhmin’s extensive experience and track record in advising industrial clients make him a valuable addition to … Read the full press release
(IN BRIEF) DHL Express Finland has announced the construction of a new logistics center at Helsinki-Vantaa Airport. The facility, with an investment of approximately €100 million, will serve as the central hub for all incoming and outgoing Express shipments in … Read the full press release
(IN BRIEF) Crédit Agricole Payment Services (CAPS) has appointed Philippe Marquetty as the Chief Executive Officer, effective from June 16, 2023. Marquetty, who joins the Management Committee of Crédit Agricole S.A., brings extensive experience in financial institutions and the payments … Read the full press release
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