Daily Archives: 7, July 2023

European Investment Bank Launches Landmark Water Investment in Djibouti for Enhanced Access and Climate Resilience

(IN BRIEF) The European Investment Bank (EIB) has announced its first-ever water investment in Djibouti. This transformative project, part of the Global Gateway initiative, will significantly improve water access, enhance climate resilience, and provide clean drinking water to over 555,000 … Read the full press release

Android 14 to Feature Ericsson’s Network Slicing Capability for Improved 5G Performance

(IN BRIEF) Ericsson has partnered with Android to introduce a new feature in the upcoming Android 14 release that allows users to request a dedicated 5G network slice for improved performance during specific times for supported applications. Enabled by the … Read the full press release

ANDRITZ to Supply Norske Skog Skogn with Customized TMP Line for Newsprint Mill

(IN BRIEF) International technology group, ANDRITZ, has secured an order from Norske Skog Skogn to supply a thermomechanical pulping (TMP) line for their newsprint mill in Levanger, Norway. The customized solution provided by ANDRITZ combines both new and secondhand equipment … Read the full press release

thyssenkrupp Lists Hydrogen Business on Frankfurt Stock Exchange, Raises €526 Million in Successful IPO

(IN BRIEF) thyssenkrupp has successfully listed its hydrogen business, thyssenkrupp nucera, on the Frankfurt Stock Exchange. As one of the world’s leading suppliers of electrolysis plants for green hydrogen production, thyssenkrupp nucera raised approximately €526 million through the IPO. The … Read the full press release

Triton Acquires Techouse AS, Expanding Presence in Offshore Energy Sector

(IN BRIEF) Triton, through a vehicle controlled by Triton Fund IV, has acquired Techouse AS, a renowned provider of energy recovery and water treatment solutions to the offshore oil and gas sector. The acquisition aims to bring Techouse under a … Read the full press release

Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report

Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar

(IN BRIEF) Digi Communications N.V. has announced the convocation of its general shareholders meeting (GSM) on August 18, 2023. The meeting will discuss and seek approval for various items, including the 2022 Annual Report, distribution of dividends, release of liability … Read the full press release

Audi Launches Production of New Q6 e-tron Series, Creating Jobs and Preparing Workforce for Electric Mobility

(IN BRIEF) Audi has commenced production of the new Audi Q6 e-tron series, marking the beginning of its largest model initiative in history. The electric SUV, based on the Premium Platform Electric (PPE), represents Audi’s commitment to electric mobility and … Read the full press release

Sika Expands in US Mining Market with Acquisition of Thiessen Team USA

(IN BRIEF) Sika, a global specialty chemicals company, has acquired Thiessen Team USA, a manufacturer of shotcrete and grouting products for the mining industry in the USA. Thiessen serves the Western US mining industry, which plays a crucial role in … Read the full press release

Inmarsat Maritime to Provide Connectivity for Wärtsilä ANCS’s Floating Laboratory AHTI

(IN BRIEF) Inmarsat Maritime, a Viasat business, will provide high-speed and reliable connectivity to support Wärtsilä ANCS’s floating laboratory, AHTI. Inmarsat’s award-winning Fleet Xpress connectivity, combined with unlimited backup from FleetBroadband, will enable seamless data exchange for advanced technology testing … Read the full press release

ESSP Selected as Service Provider for Iris Air Traffic Modernization Program

(IN BRIEF) ESSP (European Satellite Services Provider) has been appointed as the service provider for the groundbreaking Iris air traffic modernization program. Led by the European Space Agency (ESA), Iris utilizes digital satellite communications to enhance collaboration between pilots and … Read the full press release

Connected Vehicle Technology Shows Promise in Enhancing Road Safety in Queensland

(IN BRIEF) The adoption of Connected Vehicle technology in road work areas has the potential to significantly improve safety for both road workers and drivers. Real-time warning messages transmitted to in-vehicle displays help increase driver awareness and reduce reaction times, … Read the full press release

Saint-Gobain to Invest $235 Million in Palatka Facility for Gypsum Production Expansion and Modernization

(IN BRIEF) Saint-Gobain North America has announced plans to invest $235 million in its CertainTeed gypsum manufacturing facility in Palatka, Florida. The investment will focus on expanding and modernizing the facility, increasing its production capacity and improving energy consumption. The … Read the full press release

DNV and Partners Collaborate to Develop Standardized Languages for Digitalization in the Energy Sector

(IN BRIEF) DNV, along with other organizations, is renewing its partnership to address the challenges of data and information standardization in the energy sector. The lack of a common digital language and standardization leads to inefficiencies, waste, and safety risks. … Read the full press release

Arkema Partners with French National Women’s Football Team to Support Women’s Football Development

(IN BRIEF) Arkema, the naming rights holder of D1 Arkema, has become a partner of the French national Women’s Football Team for the next two seasons, solidifying its commitment to women’s football and the development of the women’s game. This … Read the full press release

bp Ventures Leads $10 Million Investment in WasteFuel to Expand Bioenergy Solutions

(IN BRIEF) bp ventures, the investment arm of bp, has committed $10 million as the lead investor in the Series B funding round of WasteFuel, a California-based biofuels company. WasteFuel specializes in converting bio-based municipal and agricultural waste into lower … Read the full press release

Bosch Powers Porsche and Cadillac in WEC Racing Series with LMDh Hybrid System

(IN BRIEF) The WEC racing series enters its second half of the season with the 6 Hours of Monza, where Porsche and Cadillac factory teams will compete using the new LMDh hybrid system in the hypercar category. Bosch, the official … Read the full press release

Research Reveals Misconceptions Hindering Homeowners from Energy Efficiency Retrofits

(IN BRIEF) A study by Barclays and Ipsos has identified misconceptions as a key factor preventing homeowners from making energy efficiency retrofitting upgrades to their homes. The research highlights that homeowners overestimate the cost of common energy efficiency modifications and … Read the full press release

Zurich Insurance Group Forms Strategic Partnership with Qover to Enhance Distribution of Innovative Insurance Products

(IN BRIEF) Zurich Insurance Group has announced a strategic partnership with Qover, a Belgium-based insurtech, through Zurich Global Ventures. As part of the collaboration, Zurich is joining Qover’s Series C funding round. Qover, founded in 2016, offers a technology-enabled distribution … Read the full press release

GovMarket Joins T-Systems and Google Cloud’s Sovereign Cloud for Public Sector Digital Solutions

(IN BRIEF) Berlin-based start-up GovMarket has migrated to the Sovereign Cloud, a joint platform by T-Systems and Google Cloud, becoming their newest customer. GovMarket, a marketplace offering digital solutions for the public sector, prioritizes strict adherence to data protection regulations. … Read the full press release

BAE Systems Awarded Contract for Next Generation Evolved SeaSparrow Missile Launch System

(IN BRIEF) BAE Systems has secured a $37 million contract from the U.S. Department of Defense Ordnance Technology Consortium (DOTC) to design the Next Generation Evolved SeaSparrow Missile Launch System (NGELS). The company will collaborate with the NATO SeaSparrow Program … Read the full press release

Siemens Partners with PRODEA Investments for Digital Transformation and Sustainability of Real Estate Portfolio

(IN BRIEF) Siemens, a global technology company, has teamed up with PRODEA Investments, a leading real estate investment company in Greece and Southeast Europe, to implement Building X, a digital building platform. The partnership aims to accelerate PRODEA Investments’ digital … Read the full press release

Crédit Agricole Partners with Coface to Support International Expansion of Corporate Clients

(IN BRIEF) Crédit Agricole has signed a distribution agreement with Coface to offer credit insurance products to its corporate clients engaged in international trade. The economic slowdown and inflation of the past year have impacted payment behavior, particularly affecting small … Read the full press release

Allianz Launches Initiatives to Overcome Financial Obstacles for Women in Professional Football

(IN BRIEF) Allianz has introduced two new initiatives aimed at helping women overcome financial barriers in pursuing professional football careers. A survey by Allianz revealed that 64% of women are prevented from pursuing their passion due to financial obstacles. To … Read the full press release

Logicor Leases Space to Leading European Toy Provider at Logicor Houplines Logistics Park in France

(IN BRIEF) Logicor, a prominent logistics real estate company in Europe, has leased approximately 40,000 sqm of space to a leading European provider of toys and children’s entertainment at Logicor Houplines Logistics Park in France. The site will undergo redevelopment … Read the full press release

European Investment Fund Grants €110 Million Guarantee to BPER Banca Group to Support SMEs and Sustainable Investments

(IN BRIEF) The European Investment Fund (EIF) has provided a guarantee worth €110 million to the BPER Banca Group, comprising BPER Banca and Banco di Sardegna, with the assistance of Banca Finint. This agreement aims to boost investments by small … Read the full press release

EBRD Boosts Private Equity Financing in Central and Eastern Europe with €80 Million Investment

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has committed €80 million to Poland-based Enterprise Investors’ tenth private equity fund, aiming to enhance private and entrepreneurial initiatives in central and eastern Europe. The investment will support the development … Read the full press release

“Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine

Russian Anti-War Activists Unleash Creative Crusade Against War (IN BRIEF) A group of Russian activists living in exile has formed an artistic resistance movement within the Russian diaspora to oppose war. These activists, who are working artists with diverse specialties, … Read the full press release