Daily Archives: 8, November 2023

German Government Awards Rheinmetall Contract for €400 Million Military Aid Package to Ukraine

(IN BRIEF) Rheinmetall has secured a contract from the German government to supply Ukraine with 100,000 rounds of 120mm mortar ammunition as part of a €400 million military aid package. The order, valued in the lower-three-digit million-euro range, will be … Read the full press release

Swedish Collaboration Pioneers Sustainable Construction with Fossil-Free Steel Building

(IN BRIEF) Peab, SSAB, Ruukki Construction, and Wihlborgs have unveiled the world’s first building constructed entirely with fossil-free steel in Lund, Sweden. The industrial facility named “Tomaten 1” represents a significant milestone in reducing the carbon footprint of the construction … Read the full press release

Henkel Adhesive Technologies Introduces Sustainable Sealant Solution for Food Cans

(IN BRIEF) Henkel Adhesive Technologies has developed DAREX WBC 711, a new sealant for irregular ends of tinplate or aluminum cans used in the food industry. This sealant offers a more sustainable and cost-effective solution for can sealing, reducing Greenhouse … Read the full press release

GUSTO Trial Aims to Revolutionize Bladder Cancer Treatment with Genetic Tailoring

(IN BRIEF) A groundbreaking trial called GUSTO, led jointly by the University of Southampton, Sheffield Teaching Hospitals NHS Foundation Trust, and the University of Leeds, has been launched to potentially revolutionize bladder cancer treatment by matching therapies to the genetic … Read the full press release

SAP Finalizes Acquisition of LeanIX, Expanding Transformation Suite

(IN BRIEF) SAP SE has successfully concluded its acquisition of LeanIX, a prominent player in enterprise architecture management (EAM). LeanIX specializes in facilitating the modernization of IT landscapes and continuous business transformation through its software-as-a-service solutions. These tools empower organizations … Read the full press release

Kapsch TrafficCom and Comillas Pontifical University Join Forces to Advance Sustainable Urban Mobility

(IN BRIEF) Kapsch TrafficCom has unveiled a strategic partnership with Spain’s Comillas Pontifical University to establish a ‘Chair for Smart and Sustainable Mobility.’ This collaboration aims to explore various aspects of urban mobility, conduct in-depth analysis, and propose innovative policy … Read the full press release

SEB Collaborates with UPM to Enhance Green Finance Framework in Line with Sustainability Goals

(IN BRIEF) Finnish forest products company UPM has updated its Green Finance Framework to align with its Biofore strategy and incorporate the latest market practices and standards. SEB served as an adviser in the framework’s structuring. UPM had initially published … Read the full press release

Enhancing Agricultural Precision: Bosch Engineering’s Sensor Solutions Unveiled

(IN BRIEF) Bosch Engineering, a pioneer in sensor technology, is introducing advanced sensor systems to enhance automation in agriculture. These high-performance surround sensors are designed to make farming more efficient and sustainable, particularly for agricultural machinery and autonomous field robots. … Read the full press release

Alfa Laval Joins Circular Initiative to Accelerate Circular Economy Transition

(IN BRIEF) Alfa Laval has been invited to participate in the Circular Initiative for the third time, a collaborative platform aimed at advancing the transition toward a circular economy. The gathering brings together leaders from various sectors committed to promoting … Read the full press release

France Aims for Widespread Fiber Access as Orange Expands Network

(IN BRIEF) Orange and the French government have agreed to accelerate the deployment of fiber optic broadband across France by 2025. This includes connecting an additional 1,120,000 homes in the AMII zone and focusing on areas with low fiber coverage. … Read the full press release

BBVA Invests €23.6 Million in Decarbonization Partners Fund, Total Climate Investment Reaches €108.4 Million

(IN BRIEF) BBVA, a global financial institution, is investing €23.6 million (approximately $25 million) in the Decarbonization Partners Fund I, bringing its total investment in climate-related funds to €108.4 million. The bank views sustainability as a significant business opportunity and … Read the full press release

EY Report Calls for Urgent Digital Overhaul in Universities to Enhance Student Experience

(IN BRIEF) A new report by EY highlights the pressing need for universities to revamp their digital education practices and improve the overall student experience. The report, based on data from over 3,000 undergraduate and postgraduate students across eleven countries … Read the full press release

Economic Headwinds Impact voestalpine’s H1 2023/24 Financial Results

(IN BRIEF) voestalpine, a steel and technology company, reported its financial performance for the first half of the 2023/24 fiscal year. The company faced economic challenges with declining revenue and earnings due to a changing economic landscape. While some sectors … Read the full press release

Chr. Hansen’s Probiotic Strain DDS-1® Authorized by Health Canada for Stress Relief in IBS

(IN BRIEF) Health Canada has granted authorization for the probiotic strain Lactobacillus acidophilus DDS-1® to make health claims related to the gut-brain axis. The strain is now approved to help alleviate perceived stress, improve irritable bowel syndrome (IBS)-related quality of … Read the full press release

EQT Partners with Nobel Prize Outreach for Seminar on AI’s Role in Finance and Diversity

(IN BRIEF) EQT, an International Partner of Nobel Prize Outreach, recently hosted a seminar in conjunction with Nobel Prize Outreach’s conference in Seoul, South Korea, focused on “Future Learning: Exploring Science & Technology.” The seminar discussed the impact of generative … Read the full press release

Bertelsmann Reports Strong Revenue Growth and Ambitious Investment Plans

(IN BRIEF) Bertelsmann, the multinational media conglomerate, has announced a 1.9 percent increase in group revenues, reaching €14.6 billion, with organic growth at 0.8 percent. This growth is attributed to successful contributions from various divisions, including Penguin Random House, BMG, … Read the full press release

Holcim’s Bold European Decarbonization Roadmap Aims for Profitable Growth

(IN BRIEF) Holcim has revealed an ambitious decarbonization roadmap for Europe, as part of its strategy to achieve profitable growth while reducing its carbon footprint. At an investor day event in Switzerland, the company outlined its targets, including surpassing CHF … Read the full press release

EU Announces €902 Million Support Package for Jordan, Focusing on Education, Water Infrastructure, and Economic Development

(IN BRIEF) The President of the European Commission, Ursula von der Leyen, welcomed King Abdullah II of Jordan to Brussels and discussed recent regional developments. During the visit, the EU announced a substantial support package for Jordan worth €902 million, … Read the full press release

EIB and European Commission to Triple Advisory Assistance for Western Balkans and Turkey

(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release

Eurojust Coordinates Crackdown on International Online Fraud Network

(IN BRIEF) Eurojust, at the request of Swiss authorities, has organized a series of actions against an online fraud network operating in multiple EU Member States, Georgia, and Ukraine. The investigation into this investment scam began in October 2019, revealing … Read the full press release

Telefónica Launches Voluntary Public Acquisition Offer for Telefónica Deutschland Shares

(IN BRIEF) Telefónica, through its subsidiary Telefónica Local Services GmbH, is making a voluntary public acquisition offer to acquire up to 28.19% of Telefónica Deutschland shares not currently held by Telefónica. The offer price of EUR 2.35 per share represents … Read the full press release

DHL Supply Chain and AutoStore Extend Partnership to Revolutionize Global Warehouse Automation

(IN BRIEF) DHL Supply Chain and AutoStore, a leading robotic technology company specializing in automated storage and retrieval systems, are expanding their collaboration to advance automated warehouse operations on a global scale. DHL, already involved in nine operational AutoStore warehouse … Read the full press release

Vodafone and Sumitomo Introduce Pairpoint: A Groundbreaking Venture for the Economy of Things

(IN BRIEF) Vodafone and Sumitomo Corporation have unveiled Pairpoint, a new brand for their joint venture that was previously known as Digital Asset Broker. Pairpoint aims to enable customers and businesses to leverage the opportunities arising from the Economy of … Read the full press release

BrauBeviale 2023: Europe’s Leading Gathering for Beverage Industry Professionals

(IN BRIEF) BrauBeviale 2023, scheduled from November 28 to November 30, will serve as a vital meeting point for experts in the beer, wine, sparkling wine, spirits, and non-alcoholic beverage production and marketing sectors. After a four-year hiatus, the event … Read the full press release

Bosch Unveils Cutting-Edge Innovations in Motorcycle Technology at EICMA 2023

(IN BRIEF) Bosch is spearheading advancements in motorcycle technology with a focus on software solutions, electrification, and connectivity. The company’s innovative rider-assistance systems, powertrain developments, electrification solutions, and smart connectivity tools are poised to shape the future of motorcycling. Bosch’s … Read the full press release

E.ON Presents Digital Heat Map for Germany to Support Energy Transition in Heating Sector

(IN BRIEF) E.ON, in collaboration with Klara Geywitz, Federal Minister for Housing, Urban Development, and Building, has introduced a comprehensive digital heat map for all of Germany. This interactive tool provides insights into the current status of heat supply in … Read the full press release

ING Repurchases Over 3.8 Million Shares as Part of €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 3,881,120 shares on November 3, 2023, marking the end of the first week of its €2.5 billion share buyback program, which was unveiled on November 2, 2023. These shares were acquired at … Read the full press release