Daily Archives: 26, October 2023

BrauBeviale 2023: Exploring Optimization and Sustainability in Brewing and Beverage Industry

(IN BRIEF) BrauBeviale, taking place in Nuremberg from November 28 to 30, 2023, aims to provide the brewing and beverage industry with opportunities for optimization in various aspects of their operations. This includes resource conservation, product presentation, and equipment enhancements. … Read the full press release

NatWest Charity Boosts Social Enterprises with Over £1 Million in Loans in 2022

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

(IN BRIEF) NatWest Social and Community Capital (S&CC), an independent charity funded and supported by NatWest Group, approved over £1 million in loans to social enterprises and community businesses in 2022, marking a 128% increase from the previous year. S&CC … Read the full press release

FTSE Russell and Tradeweb Forge Strategic Alliance to Elevate Fixed Income Index Pricing and Trading

(IN BRIEF) FTSE Russell, an LSEG business, and Tradeweb have formed a strategic partnership aimed at advancing fixed income index pricing and index trading products. The collaboration will expand benchmark pricing, widen index inclusion, and enhance trading functionality for fixed … Read the full press release

DHL Slides into Role as Official Logistics Partner for International Luge Federation

(IN BRIEF) DHL has become the Official Logistics Partner of the International Luge Federation (FIL), entering a multi-year agreement that involves providing logistical support for athletes’ equipment, marketing, and hospitality materials. The partnership commences in the winter season of 2023/2024, … Read the full press release

Vodafone Tests Upper 6GHz Spectrum for Faster 5G, Urges Global Allocation

(IN BRIEF) Vodafone has successfully tested the use of the upper 6GHz frequency band for mobile services, aiming to ensure faster and more reliable 5G services in the coming years and prevent a capacity crunch due to rising bandwidth demands. … Read the full press release

Škoda Teases Fourth-Generation Superb: Modern Design and Enhanced Features Unveiled

(IN BRIEF) Škoda Auto has unveiled exterior sketches of the fourth-generation Superb, its upcoming ICE flagship model. The new Superb embraces elements of the new Modern Solid design language, featuring sharp lines, dynamic proportions, and upgraded LED Matrix beam headlights … Read the full press release

EIF and Leading Romanian Banks Join Forces to Provide €1 Billion in Guarantees for SMEs in Romania

(IN BRIEF) The European Investment Fund (EIF) has partnered with five leading Romanian banks to provide €1 billion in guarantees to support small and medium-sized enterprises (SMEs) in Romania. These guarantees, backed by the InvestEU Member State Compartment and the … Read the full press release

EBRD Commits €250 Million Recovery Package to Assist Morocco After Devastating Earthquake

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release

EIF and Millennium bcp Partner to Provide €405 Million in InvestEU Financing to Portuguese SMEs

(IN BRIEF) The European Investment Fund (EIF) and Millennium bcp (BCP) have signed a €405 million InvestEU-backed guarantee agreement to support investment in Portugal. The financing will focus on key EU priorities, including sustainability, innovation, digitalization, social entrepreneurship, and more. … Read the full press release

Accenture and TD Bank Forge Coalition with Disability:IN to Drive Disability Inclusion in Marketing and Communications

(IN BRIEF) Accenture and TD Bank have partnered to establish a cross-industry coalition comprising Chief Marketing Officers (CMOs) and Chief Communications Officers (CCOs) powered by Disability:IN. This coalition aims to accelerate disability inclusion in the marketing and communications professions by … Read the full press release

Expansion Milestone: SGL Carbon Boosts Production Capacities for High-Quality Carbon Ceramic Brakes

(IN BRIEF) The foundation stone was ceremonially laid for the expansion of production capacities at Brembo SGL Carbon Ceramic Brakes (BSCCB) at the SGL Carbon site in Meitingen. The expansion involves the construction of two new production halls with a … Read the full press release

Logicor and Leroy Merlin Strengthen Logistics Collaboration in Poland

(IN BRIEF) Logicor, a major European logistics real estate company, has renewed and expanded its partnership with Leroy Merlin, a well-known French hypermarket chain. As part of this agreement, Leroy Merlin will occupy approximately 50,000 square meters of warehouse space … Read the full press release

Winter Vivern Exploits Zero-Day Vulnerability in Roundcube Webmail Servers to Target European Governments

(IN BRIEF) ESET researchers have uncovered Winter Vivern’s exploitation of a zero-day XSS (Cross-Site Scripting) vulnerability in the Roundcube Webmail server. The cyberespionage group targeted Roundcube Webmail servers of governmental entities and a think tank in Europe, compromising email systems. … Read the full press release

EBRD Unveils New Strategy to Drive Green Transition in Slovakia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release

Mongolia’s Cashmere Industry: EBRD Initiatives for Sustainability and Growth

(IN BRIEF) Mongolia is a significant player in the global cashmere industry, producing nearly 40% of the world’s raw cashmere. However, challenges such as limited processing capacity and environmental issues threaten the industry’s sustainability. To address these challenges, the European … Read the full press release

MAN Truck & Bus Achieves Strong Sales Growth and Profitability in First Nine Months of 2023

(IN BRIEF) MAN Truck & Bus has reported strong performance in the first nine months of 2023, with unit sales increasing by 51% to 84,244 new vehicles. The company’s sales revenue reached €10.6 billion, up 36% year-on-year, attributed to higher … Read the full press release

Eni’s LNG Strategy: New 0.8 bcm Agreement Fuels Growth in Key Asian Markets

(IN BRIEF) Eni, a global energy company, has signed a significant LNG sales agreement with Merakes LNG Sellers for 0.8 billion cubic meters (bcm) annually, starting from January 2024 for three years. This complements their existing 1.4 bcm per year … Read the full press release

ARBURG Shines at Fakuma 2023 with Innovations in Plastics Processing and Sustainability

(IN BRIEF) ARBURG demonstrated its capabilities in plastics processing and innovative solutions at Fakuma 2023 in Friedrichshafen. The exhibition featured 20 exhibits showcasing sustainability, digitalization, and automation in plastics processing. The world premiere of the ALLROUNDER 520 H with the … Read the full press release

Enlighted, a Siemens Company, Empowers Industries with AI-Powered Building Solutions

(IN BRIEF) Enlighted, a property technology company owned by Siemens, has introduced AI enhancements to its Location Services solution, boosting tracking accuracy to over 98%. This technology tracks asset and badge locations within buildings through existing intelligent lighting systems. The … Read the full press release

SSAB Launches SEK 2.5 Billion (EUR 212.5 Million) Share Buyback Program to Optimize Capital Structure

(IN BRIEF) The Board of Directors of SSAB AB (publ) has decided to initiate a share buyback program with a maximum amount of SEK 2.5 billion (~EUR 212.5 Million). The program aims to optimize the company’s capital structure to enhance … Read the full press release

Barclays Strengthens Sustainability Focus with New Asia Pacific Head

(IN BRIEF) Barclays has appointed Denise Wong as the Head of Sustainable and Impact Banking for the Asia Pacific region. Based in Hong Kong, Wong will advise corporate and institutional clients on sustainability initiatives as they transition to a low-carbon … Read the full press release

Kapsch TrafficCom CFO Andreas Hämmerle to Depart, CEO Georg Kapsch Takes Over Finance Responsibilities

(IN BRIEF) The Supervisory Board of Kapsch TrafficCom AG has decided not to extend the contract of Andreas Hämmerle, who serves as the Chief Financial Officer (CFO) and is set to remain in his role until 2024. Consequently, Georg Kapsch, … Read the full press release

BASF’s €25 Million Investment Boosts Superabsorbent Polymer Innovation in Antwerp

(IN BRIEF) BASF has officially launched its Superabsorbents Excellence Center at the Antwerp site in Belgium, following a €25 million investment. This facility demonstrates BASF’s commitment to the hygiene industry within its acrylics value chain. The center is equipped with … Read the full press release

Norsk Hydro ASA Reports Share Buyback Program Transactions Totaling NOK 312.8 Million (~ EUR 26.5 Million)

(IN BRIEF) Norsk Hydro ASA has provided details of transactions made under its share buyback program, which commenced on September 22, 2023, and is set to conclude on February 29, 2024. The program has involved multiple transactions, with varying daily … Read the full press release

Arkema Doubles Capacity for Sartomer® UV/LED Curing Resins in Nansha Facility Expansion in China

(IN BRIEF) Arkema has commenced production of Sartomer® specialty UV/LED curing resins at its recently expanded facility in Nansha, China, effectively doubling its production capacity. This expansion aims to support the development of sustainable solutions for rapidly growing applications in … Read the full press release

London Gatwick Airport Achieves Top Environmental Certification, Accelerates Net Zero Commitment

(IN BRIEF) London Gatwick Airport, part of VINCI Airports network, has achieved Level 4+ ‘Transition’ certification in the Airport Carbon Accreditation (ACA) scheme, making it the 13th airport within VINCI Airports to reach this highest level of environmental recognition. The … Read the full press release

TotalEnergies’ Cape Ann LNG Terminal Adds 5 Billion Cubic Meters to French Gas Supply

(IN BRIEF) TotalEnergies has officially commissioned the Cape Ann, a Floating Storage and Regasification Unit (FSRU) for liquefied natural gas (LNG) in Le Havre’s port. This FSRU has begun injecting natural gas into the grid, using LNG sourced from Norway. … Read the full press release

Siemens Energy Advances Digital Transformation with SAP Digital Manufacturing Implementation

(IN BRIEF) Siemens Energy, a global energy technology leader, has initiated the implementation of SAP Digital Manufacturing at five of its lighthouse plants across Germany, the United Kingdom, and Mexico. This milestone, carried out in partnership with Syntax Systems GmbH … Read the full press release

TotalEnergies Strengthens Position in Europe’s Largest Power Market with Quadra Energy Purchase

(IN BRIEF) TotalEnergies has signed agreements to acquire Quadra Energy, a major player in the German renewable energy sector. Quadra Energy, with its 9 GW “virtual power plant,” is one of the top aggregators of renewable electricity in Germany. In … Read the full press release

Siemens Healthineers Partners with SAP to Drive Digital Transformation with RISE Solution

(IN BRIEF) Siemens Healthineers, a global medical technology company, has chosen SAP’s RISE with SAP solution for its digital transformation journey. This strategic collaboration involves migrating business systems to the cloud, utilizing SAP S/4HANA Cloud, SAP Business Technology Platform, SAP … Read the full press release