(IN BRIEF) The EBRD (European Bank for Reconstruction and Development) and Addiko Bank Banja Luka in Bosnia and Herzegovina have signed a €5 million loan agreement to support small and medium-sized enterprises (SMEs). This marks the EBRD’s third loan to … Read the full press release
(IN BRIEF) Meergul, owner of Art Hotel in Osh, Kyrgyzstan, has transformed an old building into a unique boutique hotel with distinct room designs and local artwork. Despite being hard of hearing, Meergul is a social entrepreneur who actively promotes … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Artful Boutique Hotel, EBRD, Entrepreneur, Small Business Advice Programme
(IN BRIEF) ANDRITZ, an international technology group, has received its ninth order for a PrimePress X shoe press from Lee & Man Paper Manufacturing Ltd. This press will be installed in Lee & Man’s Banting, Malaysia mill to enhance paper … Read the full press release
Posted in Austria, Business, Industrial, Management, News, Technology
Tagged Andritz, energy efficiency, Lee & Man, Malaysian Mill, paper quality, shoe press
(IN BRIEF) The Federal Financial Supervisory Authority (BaFin) has issued a warning about the website swissalgo.org. BaFin’s investigation reveals that the operator of the website, known by various names including Swiss Algo and CentralKasse, is providing financial and investment services … Read the full press release
Posted in Financial, Germany, Government, Internet & Online, Investment, Law
Tagged BaFin, CentralKasse, emgprime, Swiss Algo, swissalgo.org, Unauthorized Financial Activities
(IN BRIEF) A global operation led by the US has successfully taken down the ‘Qakbot’ malware network that infected 700,000 computers and caused massive financial damage. Collaborating with countries like France, Germany, and the UK, the initiative disrupted cybercrime. Eurojust … Read the full press release
Posted in European Union, Government, Internet & Online, Netherlands, Security & Safety, Technology
Tagged botnet, cryptocurrency, Cybercrime, Eurojust, EUROPOL, malware, Pinkslipbot, Qakbot, Qbot, ransomware, seizure
(IN BRIEF) EMA proposes Comirnaty Omicron XBB.1.5 vaccine for ages 6 months+, tailored to combat Omicron XBB.1.5 variant. One dose suffices for ages 5+, while kids 6 months to 4 years may need 1 or 3 doses based on prior … Read the full press release
(IN BRIEF) Ronan Cassidy, Chief Human Resources and Corporate Officer of Shell plc, will step down from his position on December 31, 2023, and leave the company thereafter. Rachel Solway, currently Executive Vice President of Human Resources, Organization Development & … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, United Kingdom
Tagged appointment, leadership, Rachel Solway, Ronan Cassidy, Shell, Wael Sawan
(IN BRIEF) Logicor, a prominent logistics real estate developer, owner, and manager in Europe, has finalized the acquisition of a logistics greenfield development site in Lelystad, Netherlands. The site spans over 61,000 m2 and will host the construction of three … Read the full press release
(IN BRIEF) ANDRITZ, an international technology group, has secured an order from Lotus Teknik Tekstil A.Ş. in Turkey to install the Metris All-In-One digitalization platform for their new WetlaceTM CP nonwovens production line. The integration of this platform is scheduled … Read the full press release
Posted in Austria, Business, Industrial, Management, News, Technology
Tagged Andritz, Ceyhun Zincirkiran, Lotus Teknik Tekstil, Metris All-In-One Platform, nonwovens production
(IN BRIEF) Daniele Parisi, an assistant professor at the ENTEG institute, is a partner in the ‘ReBond’ project, which has received EUR 3.9 million in funding from Horizon 2022 – MSCA – ITN. The project focuses on developing a universal … Read the full press release
(IN BRIEF) voestalpine AG’s Supervisory Board has made significant decisions regarding its Management Board, reappointing three existing members and introducing two new members. Herbert Eibensteiner will continue as Chairman of the Management Board for another five years, with Hubert Zajicek … Read the full press release
(IN BRIEF) RWE, a leading global offshore wind company, has secured a lease in the U.S. Department of the Interior’s first Gulf of Mexico offshore wind lease auction. The company won Lease Area OCS-G 37334 with a bid of $5.6 … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Auction, Gulf of Mexico, John Bel Edwards, Louisiana, Offshore wind, RWE, Sven Utermöhlen
(IN BRIEF) Bang & Olufsen and Ferrari have collaborated to create a collection that combines their iconic brands. The collaboration highlights the strengths of both companies – Bang & Olufsen’s excellence in aluminum craftsmanship and Ferrari’s renowned red color. The … Read the full press release
(IN BRIEF) Pairwise and Bayer have entered into a new five-year, multi-million Dollar collaboration focusing on gene-edited short-stature corn. Building on their initial partnership for corn, soy, wheat, cotton, and canola, this collaboration aims to optimize and enhance gene-edited short-stature … Read the full press release
Posted in Agriculture, Business, Environment, Germany, Industrial, Management, News, Pharma & Biotech
Tagged Bayer, Bob Reiter, Gene-Edited Short-Stature Corn, Pairwise, partnership, Smart Agriculture, sustainability, Tom Adams
(IN BRIEF) MAN Truck & Bus, a commercial vehicle manufacturer, has welcomed 528 new apprentices across twelve occupations at its three large German production sites in Munich, Nuremberg, and Salzgitter, along with German service workshops. Additionally, 30 dual students are … Read the full press release
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, has inaugurated its first bogie centre in Astana, Kazakhstan. The centre will produce and maintain bogies for various railway vehicles throughout their lifecycle. Alstom invested over €15 million in … Read the full press release
Posted in Business, France, Industrial, Infrastructure & Utilities, Management, News, Transportation & Logistics
Tagged Alstom, Bogie Centre, Kanat Alpysbayev, Kazakhstan, railway
(IN BRIEF) Ericsson has been awarded the 2023 Google Cloud Industry Solution Technology Partner of the Year Award for Telecommunications. The recognition stems from Ericsson’s innovative integration of its 5G portfolio with Google Cloud technology. The collaboration between Ericsson and … Read the full press release
Posted in Awards, Business, Industrial, Management, News, Sweden, Technology, Telecom
Tagged 2023 Partner Award, Awards, Ericsson, Google Cloud, INNOVATION, Kevin Ichhpurani, partnership, Ravi Vaidyanathan, Transformative Telecommunications
(IN BRIEF) Technology giants Ericsson, Amazon Web Services (AWS), and Hitachi America R&D have collaborated to showcase the transformative potential of existing 5G, artificial intelligence (AI), and automation solutions in manufacturing. A private 5G infrastructure trial was conducted at Hitachi … Read the full press release
(IN BRIEF) Google Cloud and The Estée Lauder Companies Inc. (ELC) are expanding their partnership to utilize generative AI for ELC’s brand sites, enhancing the luxury digital experience. Through this collaboration, ELC aims to understand consumer sentiment, improve R&D efforts, … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, France, Industrial, Management, News, Technology
Tagged artificial intelligence, Atos, digital, Estée Lauder, Gibu Thomas, Google Cloud, partnership, Thomas Kurian, transformation
(IN BRIEF) Galp, an energy company, has invested $5 million in Verdagy, a US-based company developing scalable electrolysis technology for industrial applications. This technology aims to reduce costs and dependency on critical raw materials compared to current electrolysis methods. Galp’s … Read the full press release
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