(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
(IN BRIEF) Lightsource bp has released its 2022 Sustainability Report, detailing the company’s sustainability strategy, progress, and achievements. The report highlights the development of 3GW of solar projects, efforts to achieve biodiversity net gain, updated greenhouse gas emission inventories, and … Read the full press release
(IN BRIEF) Amey Consulting, a prominent UK engineering consultancy, has launched the “ReStart” program to support qualified STEM professionals in re-entering the workforce. The 12-week paid placement opportunity is designed for individuals seeking to restart their careers or transition their … Read the full press release
Posted in Business, Construction, Education, Industrial, Infrastructure & Utilities, Management, News, United Kingdom
Tagged 'ReStart' Program, Amey, Laura Simarro, STEM Professionals, workforce
(IN BRIEF) Vodafone Group Plc has appointed Luka Mucic as the Chief Financial Officer and an Executive Director of Vodafone, effective from 1 September 2023. Luka Mucic’s appointment comes at a crucial time as Vodafone undergoes a transformation, and he … Read the full press release
Posted in Business, Industrial, Management, News, Telecom, United Kingdom
Tagged appointment, Executive Director, Jean-François van Boxmeer, leadership, Luka Mucic, Margherita Della Valle, vodafone
(IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated over 150 grants … Read the full press release
Posted in Automotive, Business, Financial, Management, News, Non Profit, United Kingdom
Tagged Advancing Life Chances, Bentley, investments, Sally Hepton, UK Charities
(IN BRIEF) BASF’s high-performance thermoplastic, Ultrason® P 3010, is being used by milkrite | InterPuls, a leading dairy equipment company, to manufacture durable milk meter sensors. These sensors are used for reliable and accurate milk quality control in the milking … Read the full press release
(IN BRIEF) T-Systems has partnered with IQM Quantum Computers to offer its enterprise customers cloud access to IQM’s quantum systems. This expansion to a “multicloud” quantum landscape allows T-Systems customers to develop and train on IQM’s quantum infrastructure, potentially solving … Read the full press release
(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release
Posted in Banks, Business, Financial, Insurance, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, Aviva, Barclays Home Insurance, Owen Morris, partnership, Retail Insurance Business
(IN BRIEF) BAE Systems’ Combat Mission Systems (CMS) business released its 2022 Economic Impact Report, revealing a $1.9 billion contribution to the U.S. economy through its ground vehicle and weapon systems network. The company’s 12 sites and partnerships with over … Read the full press release
Posted in Business, Defence, Economy, Financial, Industrial, Management, News, United Kingdom
Tagged Andy Corea, BAE Systems, Ground Vehicle, U.S. Economy, Weapon Systems
(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release
Posted in Business, Financial, Germany, Insurance, Management, News, Small Business
Tagged Allianz, Allianz Commercial, Chris Townsend, Joachim Mueller, partnership, SMEs
(IN BRIEF) The 110th Tour de France concluded with Danish rider Jonas Vingegaard winning the overall title, accompanied by a camouflaged new Superb Combi provided by Škoda Auto. The crystal trophies for the winners were created by Škoda’s design team. … Read the full press release
Posted in Automotive, Business, Czech Republic, Entertainment, Management, Media, News
Tagged 20 Years, Jasper Philipsen, Jonas Vingegaard, Klaus Zellmer, partnership, ŠKODA AUTO, Tour de France
(IN BRIEF) The Joint Initiative on Circular Economy (JICE), led by the European Union’s largest public promotional banks and institutions, has decided to extend its efforts beyond the original time frame of 2023. Launched in 2019, JICE aims to provide … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Investment, Luxembourg, Management, News, United Kingdom
Tagged Beata Daszyńska-Muzyczka, Dario Scannapieco, Dr. Werner Hoyer, Eric Lombard, Joint Initiative on Circular Economy (JICE), José Carlos García de Quevedo, partnership, Stefan Wintels, sustainability, Sustainable Projects EIB
(IN BRIEF) The European Investment Bank (EIB) and Cellnex have signed a €315 million finance contract to support the development of mobile telecoms infrastructure for 5G rollout in Spain, Portugal, France, Italy, and Poland. The loan will unlock a total … Read the full press release
(IN BRIEF) The European Anti-Fraud Office (OLAF) collaborated with Romanian authorities in an operation aimed at combating the illicit traffic of toxic products in Tulcea County, Romania. The joint effort resulted in the seizure of 353 liters of insecticide valued … Read the full press release
(IN BRIEF) Ahlstrom, a global leader in sustainable specialty materials, has received a binding offer from Accursia Capital to acquire its Stenay plant in France. The offer comes after Ahlstrom launched a consultation process with employee representatives to potentially divest … Read the full press release
Posted in Business, Environment, Finland, Infrastructure & Utilities, Investment, Management, News
Tagged Accursia Capital, acquisition, Ahlstrom, partnership, Stenay plant, sustainability
(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
(IN BRIEF) The LEGO Group has announced three new additions to its LEGO Star Wars building set range at San Diego Comic-Con. The new sets include Ahsoka Tano’s T-6 Jedi Shuttle and New Republic E-Wing vs. Shin Hati’s Starfighter, connected … Read the full press release
Posted in Business, Construction, Denmark, Entertainment, Industrial, Management, Media, News
Tagged Ahsoka, Ahsoka Tano's T-6 Jedi Shuttle, César Carvalhosa Soares, Chewbacca, Jens Kronvold Frederiksen, LEGO Group, New Republic E-Wing™ vs. Shin Hati’s Starfighter, San Diego Comic-Con, Star Wars Building Sets
(IN BRIEF) The University of Twente (UT) has launched a collaboration with the Ministry of the Interior and Kingdom Relations (BZK) and the Post Master Digital Design & Architecture Foundation (PMDD&A). The collaboration aims to offer the Digital Design & … Read the full press release
(IN BRIEF) MAHLE, an international technology group, aims to position itself as the system champion in e-mobility, according to Arnd Franz, Chairman of the MAHLE Management Board and CEO. The company presented a new technology kit for electric motors that … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Arnd Franz, e-mobility, Electric Motor Technology Kit, electrification, innovative, MAHLE
(IN BRIEF) Airbus Helicopters has received certification from the Civil Aviation Administration of China (CAAC) for its H175 helicopter. This certification allows for the delivery of H175 helicopters to customers in China, which is a demanding market with a growing … Read the full press release
(IN BRIEF) ANDRITZ, an international technology group, has secured an order from Roseburg Forest Products Co. to supply a complete fiber preparation line for medium density fiberboard (MDF) production at their new mill in Dillard, Oregon, USA. The investment is … Read the full press release
(IN BRIEF) AFRY Management Consulting has been ranked among the top three consultancies for green and low-carbon hydrogen by Reuters in their report on the top 100 innovators in hydrogen for 2023. AFRY’s expertise in the hydrogen value chain, ranging … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged AFRY, Awards, GREEN HYDROGEN, hydrogen, John Williams, Management Consulting, Reuters, sustainability, Top Consultancy
(IN BRIEF) Capgemini and Microsoft have collaborated to create the Azure Intelligent App Factory, a solution aimed at enabling organizations to scale responsible and sustainable generative AI capabilities for their business. The App Factory combines Capgemini’s expertise in engineering and … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
