Daily Archives: 12, October 2023

Seasoned Marketer Suresh Balaji Joins Lloyds Banking Group as CMO

(IN BRIEF) Lloyds Banking Group has appointed Suresh Balaji as its Chief Marketing Officer, effective from October 16. In his new role, Balaji will oversee the Brand, Marketing, and Experience function for the group. He will be responsible for developing … Read the full press release

Restructuring Initiatives Underway as Airbus Prepares for 2024

(IN BRIEF) Airbus is undergoing significant leadership changes, forming a Commercial Aircraft management team led by Christian Scherer. The leadership team will focus on addressing current operational challenges while also planning for future strategies. Effective January 1, 2024, the Airbus … Read the full press release

ANDRITZ Strengthens Industry Position with 15th Pressurized Refining System for Insulation Boards

(IN BRIEF) ANDRITZ, a global technology group, will supply a pressurized refining system to Sonae Arauco Deutschland GmbH’s Meppen mill in Germany. This system will enable the production of wood-based insulation products and marks ANDRITZ’s 15th insulation board production line … Read the full press release

EBRD and Morocco’s Ministry of Energy Partner to Advance Green Energy Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Morocco’s Ministry of Energy Transition and Sustainable Development (METSD) have signed a Memorandum of Understanding to collaborate on accelerating the decarbonization of Morocco’s electricity sector. The partnership will focus … Read the full press release

EIB Commits €1 Billion for Morocco’s Post-Earthquake Reconstruction

(IN BRIEF) The European Investment Bank (EIB) has pledged €1 billion for Morocco’s post-earthquake reconstruction program over the next three years. This funding aligns with Morocco’s national recovery program priorities and aims to mobilize a total of €12 billion by … Read the full press release

Catalyzing Green Energy: EIB Commits €700 Million for Naturgy’s Power Network Upgrade in Spain

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million loan to support the expansion and modernization of Naturgy’s electricity distribution network in Spain. The first tranche of €500 million has been signed in Madrid, and the project … Read the full press release

EIB Commits €500 Million in Landmark Investment to Eradicate Polio Globally

(IN BRIEF) The European Investment Bank (EIB) has announced a substantial investment of €500 million to support the eradication of polio in Africa and Asia. This landmark commitment was unveiled during a press conference in Brussels, signifying a historic partnership … Read the full press release

EIB Backs Dutch Climate Tech Battolyser Systems with €40 Million Investment for Green Hydrogen Production

(IN BRIEF) The European Investment Bank (EIB) has sealed a €40 million financing agreement with Dutch climate tech scale-up Battolyser Systems. Supported by the InvestEU Fund guarantee, this investment will enable Battolyser Systems to expand its production facility in Rotterdam … Read the full press release

EIB, European Commission, and Bill & Melinda Gates Foundation Commit €1.1 Billion to Eradicate Polio and Advance Global Health Innovation

(IN BRIEF) The European Commission, the European Investment Bank (EIB), and the Bill & Melinda Gates Foundation have unveiled a groundbreaking financing partnership aimed at addressing global health challenges. The partnership, with support from the World Health Organization (WHO) and … Read the full press release

AstraZeneca Highlights Long-Acting Antibodies and Vaccines for At-Risk Individuals at IDWeek Conference

(IN BRIEF) AstraZeneca is set to present new data at the 12th annual IDWeek conference, emphasizing the role of long-acting antibodies and vaccines in safeguarding at-risk individuals from common infectious respiratory diseases. The company will share 15 abstracts, including oral … Read the full press release

Alexion to Present Data Reinforcing Effectiveness of Ultomiris and Soliris in Treating Rare Neurological Disorder at ECTRIMS-ACTRIMS Meeting

(IN BRIEF) Alexion, a subsidiary of AstraZeneca Rare Disease, is set to present new data at the 9th Joint Meeting of the European Committee for Treatment and Research in Multiple Sclerosis and Americas Committee for Treatment and Research in Multiple … Read the full press release

AstraZeneca Presents Promising Data from Phase III Trials Advancing Cancer Treatments at ESMO Congress

(IN BRIEF) AstraZeneca has unveiled data from four pivotal Phase III trials at the European Society for Medical Oncology (ESMO) Congress, demonstrating advances in cancer treatments across multiple types of cancers. These trials include TROPION-Lung01 and TROPION-Breast01, showcasing the significance … Read the full press release

Atos Selected by Ambu to Drive Digital Transformation and Enhance IT Infrastructure

(IN BRIEF) Atos has been chosen by Ambu, a leading provider of single-use endoscopy solutions, as its IT infrastructure partner to support Ambu’s global digital transformation. Atos will provide end-to-end IT infrastructure services, contributing to Ambu’s IT transformation efforts aimed … Read the full press release

Eviden Partners with CryptoNext to Enhance Network Security with Post-Quantum Algorithms

(IN BRIEF) Eviden, a business within the Atos Group specializing in security, has announced that its Trustway IP Protect IPSec network security solution will soon support post-quantum algorithms. The company is expanding its strategic partnership with CryptoNext Security, a European … Read the full press release

Roche’s OCREVUS Subcutaneous Injection Shows Promise in Phase III Study for Multiple Sclerosis Treatment

(IN BRIEF) Roche has announced positive late-breaking data from the Phase III OCARINA II study, which demonstrates the effectiveness of OCREVUS as a twice-yearly, 10-minute subcutaneous injection for patients with relapsing or primary progressive multiple sclerosis (RMS or PPMS). The … Read the full press release

Google Cloud and Unilever Launch ‘My Unilever’ App to Digitally Connect Factory-Based Employees Worldwide

(IN BRIEF) Google Cloud and Unilever have jointly launched the “My Unilever” app, designed to digitally connect Unilever’s factory-based employees globally. The app, built on Google Cloud and delivered in partnership with Accenture, provides factory-based colleagues with secure access to … Read the full press release

Ericsson’s Microwave Outlook 2023 Report Emphasizes E-Band Spectrum for 5G Backhaul and Innovations in Antenna Designs

(IN BRIEF) Ericsson has released its 10th edition of the Microwave Outlook report, highlighting the role of E-band spectrum (71 GHz to 86 GHz) in meeting the backhaul capacity needs of most 5G deployments beyond 2030. The report emphasizes that … Read the full press release

Ericsson Announces Executive Team Changes to Drive Business Transformation

(IN BRIEF) Ericsson has made changes to its Executive Team, appointing Chris Houghton as Chief Operating Officer (COO) and Åsa Tamsons as Head of Business Area Enterprise Wireless Solutions. These appointments signal Ericsson’s commitment to accelerating its business transformation. Houghton, … Read the full press release

Merck’s Evobrutinib Shows Long-Term Efficacy and Improved Quality of Life in Multiple Sclerosis Patients, Revealing Potential RMS Treatment Advancements

(IN BRIEF) Merck has presented new data on evobrutinib, an investigational BTK inhibitor, at the 9th Joint ECTRIMS-ACTRIMS congress. The data from an ongoing Phase II open-label extension study of evobrutinib in patients with relapsing multiple sclerosis (RMS) show sustained … Read the full press release

GSK Resolves California Zantac Litigation Through Confidential Settlements

(IN BRIEF) GlaxoSmithKline (GSK) has announced a confidential settlement in the Cantlay/Harper case filed in California state court, which was scheduled for trial in November 2023. Additionally, GSK has settled the three remaining breast cancer bellwether cases in California, effectively … Read the full press release

AXA Adopts New Accounting Standards for 9M22 Activity Indicators Reporting

(IN BRIEF) AXA has released its 9M22 activity indicators in accordance with the new accounting standards IFRS 17 and IFRS 9, which came into effect on January 1, 2023. These indicators include Gross Written Premiums & Other Revenues, New Business … Read the full press release

Vodafone Boosts Business Connectivity and Security with 5G Mobile Private Networks

(IN BRIEF) Vodafone is leveraging 5G Mobile Private Networks (MPN) to enhance connectivity, speed, reliability, and security for business customers. These networks are especially beneficial for the manufacturing industry, where connected machines, autonomous vehicles, and robots play a significant role. … Read the full press release

BASF Partners with Asahi Kasei’s ROICA Division to Produce Sustainable Stretch Fibers for Apparel

(IN BRIEF) BASF is supplying its biomass balanced tetrahydrofuran (THF BMB) to Asahi Kasei’s ROICA Division to produce sustainable stretch fibers under the ROICA™ brand. This collaboration aims to support the launch of a new sustainable apparel collection and achieve … Read the full press release

TotalEnergies Responds to Accusations Over Mozambique LNG Terrorist Attacks, Details Emergency Assistance Efforts

(IN BRIEF) TotalEnergies rejects accusations of “manslaughter and a failure to assist people in danger” during the 2021 terrorist attacks in northern Mozambique. The company outlines its emergency response, which included evacuating over 2,500 people from the Mozambique LNG project … Read the full press release

Intesa Sanpaolo’s ‘Italian Excellences 2023’ Highlights Italian Mid Corporates to International Investors in Paris

(IN BRIEF) The second edition of Intesa Sanpaolo’s “Italian Excellences 2023, Mid Corporate Conference” in Paris saw around 50 companies, primarily listed on the Euronext STAR Milan segment of Borsa Italiana, participating. The event, in collaboration with Borsa Italiana, attracted … Read the full press release

DNV Report: Energy Transition Slow to Replace Fossil Fuels, CO2 Emissions Peak Expected in 2024

(IN BRIEF) Despite record-high sales of electric vehicles, increased solar and battery installations, and the rapid expansion of renewables, fossil fuels are still growing in absolute terms and meeting half of the world’s new energy demand, according to DNV’s Energy … Read the full press release

Digitalization Reshapes Insurance: Balancing Efficiency Gains and Emerging Risks

(IN BRIEF) The insurance industry is leveraging digitalization to monitor, mitigate, and price risks more efficiently, leading to tailored insurance solutions and increased protection. Swiss Re’s report highlights the potential for 3-8% improvements in loss ratios and 10-20% savings in … Read the full press release

Saab Secures SEK 970 Million Order to Enhance CV90 Combat Vehicle’s Targeting Capabilities

(IN BRIEF) Saab has secured an order worth SEK 970 million from BAE Systems Hägglunds to provide sight- and fire control capability for the CV90 combat vehicle. The contract, spanning from 2023 to 2029, involves supplying this capability for CV90s … Read the full press release