(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
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