Daily Archives: 19, September 2023

SGS Expands Accreditation to Certify Textile Exchange Standards Across Multiple Regions

(IN BRIEF) SGS has been accredited by the IOAS (International Organic Accreditation Service) as an independent third-party certification body to issue certificates for Textile Exchange standards in new regions, including Europe, Asia, Africa, and North America. This expanded geographical reach … Read the full press release

Henkel’s Xathon Expands to AI Focus While Empowering Female Entrepreneurs

(IN BRIEF) Henkel’s Xathon, a hackathon for early-stage female entrepreneurs, has transformed into an open innovation challenge with a strong focus on AI while maintaining its commitment to supporting women in tech. In its fifth edition, Xathon addresses real business … Read the full press release

Kuehne+Nagel Named Official Logistics Partner for COP28 Climate Conference in Dubai

(IN BRIEF) Kuehne+Nagel has been appointed as the official logistics partner for COP28, the 2023 UN Climate Change Conference in Dubai. The logistics company will oversee all on-site logistics activities at Expo City Dubai, including building country pavilions and stages … Read the full press release

European Investment Fund Backs Croatian Innovation with CVCi 2 Funding

(IN BRIEF) The European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of Croatia have announced a funding agreement for the Croatian Venture Capital Initiative 2 (CVCi 2). This program builds on the success of the … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

BioNTech and CEPI Join Forces to Develop mRNA-Based Vaccine for mpox Prevention

(IN BRIEF) BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) have entered into a strategic partnership to develop an mRNA-based vaccine, BNT166, for the prevention of mpox (formerly monkeypox), an infectious disease that can have severe and life-threatening complications. … Read the full press release

EIB and UN Agencies Team Up to Drive Climate and Social Projects Worldwide

(IN BRIEF) The European Investment Bank (EIB) and five United Nations (UN) institutions have signed an agreement to enhance their collaboration on projects aimed at achieving Sustainable Development Goals. This agreement allows the EIB to directly finance technical assistance and … Read the full press release

Saab Extends Framework Agreement with U.S. Department of Defense for Close Combat Solutions

(IN BRIEF) Saab has announced an extension of its Indefinite Delivery, Indefinite Quantity (IDIQ) framework agreement with the U.S. Department of Defense (DoD). This extension allows the DoD to place orders for Saab’s close combat solutions worth up to an … Read the full press release

Kapsch TrafficCom Invests EUR 1.3 Million in Production Expansion of Toll Collection OBUs

(IN BRIEF) Kapsch TrafficCom is expanding its production of on-board units (OBUs) for contactless toll collection in Vienna by over 30%, allowing for the manufacture of approximately 2 million OBUs annually. The expansion represents an investment of EUR 1.3 million. … Read the full press release

SEB Announces Date for Annual General Meeting in 2024 and Composition of Nomination Committee

(IN BRIEF) Skandinaviska Enskilda Banken AB (SEB) has scheduled its Annual General Meeting for March 19, 2024. The bank’s Nomination Committee, responsible for proposing Directors and related matters, consists of members appointed by major shareholders, including Petra Hedengran (Investor) as … Read the full press release

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release

TotalEnergies Provides Urgent Relief to Flood-Affected Libya

(IN BRIEF) In response to the devastating floods in Libya’s Derna region, TotalEnergies has swiftly stepped in to provide critical assistance. The company has deployed both ground and air resources, sending nearly 50 tons of essential supplies, including medical items, … Read the full press release

Equinor’s Johan Castberg Project Sees Nearly NOK 13 Billion Cost Increase, But Production Timeline Unchanged

(IN BRIEF) The Johan Castberg partnership, consisting of Equinor, Vår Energi, and Petoro, has announced an upward revision of the project’s cost estimate, with an increase of nearly NOK 13 billion compared to the previous year. Despite these cost escalations, … Read the full press release

ABT CUPRA XE Secures Double Podium Finish at Island X Prix in Sardinia

(IN BRIEF) ABT CUPRA XE achieved an outstanding performance at the Island X Prix in Sardinia during the Extreme E season. The team, led by drivers Klara Andersson and Sébastien Loeb, secured a podium finish in both races, earning a … Read the full press release

King Felipe VI Receives SEAT S.A. Executive Committee to Discuss Electric Mobility and Record-Breaking Performance

(IN BRIEF) His Majesty King Felipe VI of Spain held an audience with the Executive Committee of SEAT S.A., led by its President, Wayne Griffiths, at Palacio Albéniz in Barcelona. During the meeting, SEAT S.A. executives updated the King on … Read the full press release

NatWest Group Expands Collaboration with AWS to Harness AI for Financial Wellbeing

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has announced an expanded collaboration with Amazon Web Services (AWS) to accelerate the use of artificial intelligence (AI), including AWS’s generative AI solutions, to help 10 million people manage their financial wellbeing by the end of … Read the full press release

DemoSATH Floating Offshore Wind Project Powers Up, Pioneering Clean Energy in Spain

(IN BRIEF) The DemoSATH floating offshore wind project, led by Saitec Offshore Technologies in collaboration with RWE and KEPCO, has achieved a significant milestone by commencing electricity generation. Located off the Basque coast, the DemoSATH platform features a 2 MW … Read the full press release

Audi Collaborates with Vodafone on 5G Augmented Reality App for Premium Charging Experience

(IN BRIEF) Audi is enhancing the electric vehicle charging experience by partnering with Vodafone to develop an interactive augmented reality (AR) app at its Nuremberg charging hub. The charging hub provides premium amenities such as workstations, a meeting room, a … Read the full press release

Bentley Collaborates with Designer Supriya Lele, Showcasing Leather-Offcut Creations at London Fashion Week

(IN BRIEF) Bentley Motors has partnered with acclaimed fashion designer Supriya Lele to showcase a unique collaboration at London Fashion Week for the Spring/Summer 2024 season. As part of their shared commitment to craft, excellence, heritage, and luxury, Lele used … Read the full press release

Lloyds Banking Group Invests €3 Million in Enigio to Advance Digital Documentation in Trade

(IN BRIEF) Lloyds Banking Group has made a strategic investment of €3 million in Enigio, a technology company specializing in digital documentation for trade transactions. This investment will support the expansion of Enigio’s trace:original solution, which eliminates the need for … Read the full press release

Berlin Completes Rollout of New S-Bahn Fleet Enhancing Public Transport Service

(IN BRIEF) Berlin celebrates the completion of its new S-Bahn fleet with all 106 trains now in service, offering passengers enhanced comfort and convenience. These state-of-the-art trains feature air conditioning, advanced passenger information systems, and security cameras, providing a significant … Read the full press release

Amundi and Sand Grove Capital Launch UCITS Fund for Event-Driven Equity Strategy

(IN BRIEF) Amundi, Europe’s largest asset manager, and Sand Grove Capital Management LLP have unveiled the Amundi Sand Grove Event Driven Fund. This fund, available on the Amundi Alternatives UCITS platform, focuses on a global event-driven equity strategy with a … Read the full press release