(IN BRIEF) The Euro-Latin American Parliamentary Assembly (EuroLat) is set to hold its fifteenth meeting in Madrid from 24th to 27th July. The gathering will bring together 75 Members of the European Parliament (MEPs) and 75 representatives from Latin American … Read the full press release
Posted in Education, Environment, European Union, Healthcare, International Trade, Politics, Society, Spain
Tagged access to water, Amado Cerrud, Ander Gil, Caribbean, CELAC, COVID-19, digital platform regulation, EuroLat, H.M. King Felipe VI, hate speech, Javi López, José Manuel Albares, Latin America, Meritxell Batet, Organized Crime, Óscar Darío Pérez, Parlacen, Parlandino, Parlasur, Parlatino, Pedro Sánchez, trade negotiations
(IN BRIEF) BASF Personal Care has released the first progress report for its Responsibly Active sustainability program, focusing on its bioactives portfolio for personal care applications. The program includes commitments and action plans to protect natural resources, empower people along … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Chemicals, Environment, France, Industrial, Management, News
Tagged BASF, bioactives, Lucilene Veira Nunes, personal care, sustainability
(IN BRIEF) Aviva has successfully obtained a £120 million full scheme buy-in for the NTL 1999 Pension Scheme. This agreement allows Aviva to assume the defined benefit liabilities of approximately 650 members, mitigating the investment and longevity risks associated with … Read the full press release
(IN BRIEF) Versalis, Eni’s chemical company, has released its 2022 Sustainability Report, highlighting its efforts to contribute to sustainable and circular models in alignment with Eni’s strategy. The report outlines Versalis’ targets for achieving carbon neutrality by 2050 and emphasizes … Read the full press release
Posted in Business, Chemicals, Economy, Environment, Financial, Industrial, Italy, Management, News
Tagged 2022 Sustainability Report, Adriano Alfani, carbon neutrality, decarbonisation, eni.com, Versalis
(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Assen Vassilev, Bulgaria, Bulgarian Development Bank, digitalization, economy, European Investment Bank, financing, Iliya Karanikolov, INNOVATION, Lilyana Pavlova, Marjut Falkstedt, Milena Stoycheva, Paolo Gentiloni, partnership, SME, sustainability
(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … Read the full press release
(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Anna Ohlsson-Leijon, Asset Divestment, Electrolux Group, Financial, Jonas Samuelson, sales, Therese Friberg
(IN BRIEF) Standard Chartered has released a report on the outcomes of its not-for-profit COVID-19 facility, which provided financing of $1 billion to support clients in manufacturing and distributing essential products during the pandemic. The facility offered loans to help … Read the full press release
(IN BRIEF) Ahlstrom, adapa, and Maped have collaborated to develop a groundbreaking flowpack solution for eraser packaging. Using Ahlstrom’s Cristal™ base papers, a transparent paper alternative has been created for traditional plastic or film substrates. The fiber-based window packaging provides … Read the full press release
(IN BRIEF) Ericsson and O2 Telefónica in Germany have reached a significant milestone in the development of 5G Cloud RAN technology in Europe. Through a joint Proof of Concept (PoC) deployment at O2 Telefónica’s innovation hub, Ericsson showcased its first … Read the full press release
Posted in Business, Industrial, Management, News, Sweden, Technology, Telecom
Tagged 5G Cloud RAN, Daniel Leimbach, Ericsson, Europe, Germany, INNOVATION, Mallik Rao, O2 Telefónica, partnership
(IN BRIEF) Kalmar, a subsidiary of Cargotec, has entered into an agreement with Australian heavy-equipment distributor AJL Group Pty Ltd (AJL) to provide 18 heavy terminal tractors to TT-Line Company Pty (TT-Line). The order, which was included in Cargotec’s Q2 … Read the full press release
Posted in Business, Finland, Industrial, Management, News, Transportation & Logistics
Tagged AJL Group Pty Ltd, Andrew Lawson, Australia, Cargotec, Heavy Terminal Tractors, Kalmar, partnership, Peter Trevitt, TT-Line
(IN BRIEF) Cargotec Corporation has announced its decision to initiate a share repurchase program. The Board of Directors will exercise the authorization granted by the Annual General Meeting on March 23, 2023. Cargotec plans to repurchase 400,000 class B shares, … Read the full press release
Posted in Business, Financial, Finland, Investment, Management, Media, News, Transportation & Logistics
Tagged Board of Directors, Cargotec, Incentive Programs, share repurchase program
(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release
(IN BRIEF) Hiab, a subsidiary of Cargotec, has launched HiSkill, a cost-effective training simulator designed to enhance the safety and efficiency of knuckle boom crane operations. HiSkill utilizes virtual reality (VR) technology to create a realistic and secure learning environment … Read the full press release
Posted in Automotive, Business, Finland, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Cargotec, Hiab, HiSkill, Knuckle Boom Crane Operations, Maria Lindroos, Virtual Reality
(IN BRIEF) Outokumpu, a company, will release its half-year report for January-June 2023 on August 3, 2023. The report will be available at approximately 9.00 am EEST. Later in the day, at 3.00 pm EEST, a live webcast and conference … Read the full press release
Posted in Business, Financial, Finland, Industrial, Management, Media, Metals and Minerals, News
Tagged Half-Year 2023 Report, Heikki Malinen, Outokumpu, Pia Aaltonen-Forsell
(IN BRIEF) Vattenfall, a leading energy company, has acquired Solizer, a German solar developer, as part of its efforts to enable fossil-free living. The acquisition includes an experienced team and a pipeline of large-scale solar projects in Germany, totaling 4 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged acquisition, Helene Biström, partnership, solar power, Solizer, sustainability, Vattenfall
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