Daily Archives: 14, November 2023

Hamburg Chooses Hexagon’s HxGN OnCall Solutions to Enhance Emergency Dispatch Operations

(IN BRIEF) The Free and Hanseatic City of Hamburg, Germany, has partnered with Hexagon’s Safety, Infrastructure & Geospatial division to modernize its emergency dispatch operations and analysis for both the fire and police departments. This initiative is part of Hamburg’s … Read the full press release

Barry Callebaut Appoints Amr Arafa as Chief Digital Officer to Drive Tech-Enabled Transformation

(IN BRIEF) Barry Callebaut, a leading cocoa and chocolate products manufacturer, has appointed Amr Arafa as its Chief Digital Officer (CDO) to spearhead the company’s commitment to becoming an agile and tech-enabled organization. In this newly created role, Arafa will … Read the full press release

ING Repurchases Nearly 21 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 20,917,201 shares during the week of November 6, 2023, through November 10, 2023, as part of its €2.5 billion share buyback program unveiled on November 2, 2023. The shares were acquired at … Read the full press release

Ørsted Announces Departure of CFO and COO, Initiates Search for New Leadership

(IN BRIEF) Ørsted, a global leader in renewable energy, has announced the departure of two members of its executive management team: Daniel Lerup, Chief Financial Officer (CFO), and Richard Hunter, Chief Operating Officer (COO), by mutual agreement. This decision is … Read the full press release

Valio and St1 Joint Venture Explores Expansion of Biogas Plant Complexes for Renewable Energy Production

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is actively investigating the development of new biogas plant complexes in various regions. Currently, the construction of potential new plant complexes is under consideration in the Kokkola-Pietarsaari, Nivala-Haapavesi, … Read the full press release

Empa Researcher Aims to Enhance Energy Density of Water-Based Flow Batteries for Urban Renewable Energy Storage

(IN BRIEF) Empa researcher David Reber is on a mission to improve the energy density of water-based flow batteries, making them more suitable for storing renewable energy in urban environments. Flow batteries, unlike traditional lithium-ion batteries, store energy in liquid … Read the full press release

Tanzanian Leatherworkers Shine at BIO Africa Convention, Paving the Way for Business Growth

(IN BRIEF) Tanzanian leatherworkers from the Bulawayo Leather Cluster showcased their craftsmanship and commitment to business development at the 2023 BIO Africa Convention, a premier event for innovation and scientific advancement in Africa. The Bulawayo Leather Cluster, supported by Solidaridad’s … Read the full press release

Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release

Offshore Wind Sector Faces Challenges That Could Impact Global Energy Projects, EY Report Warns

(IN BRIEF) The offshore wind sector is experiencing significant turbulence, potentially reshaping the landscape of large-scale energy projects and their financing in the future, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI). Over the past year, offshore … Read the full press release

ANDRITZ to Supply High-Capacity Shredders for Polypropylene Recycling in the US

(IN BRIEF) International technology group ANDRITZ has secured an order from Krones AG, Germany, to provide six ADuro S shredders for a polypropylene (PP) recycling plant in the Southeast United States. These shredders, set to be operational in 2024, offer … Read the full press release

DHL Express Inaugurates Upgraded Central Asia Hub in Hong Kong with EUR 562 Million Investment

(IN BRIEF) DHL Express has unveiled its expanded Central Asia Hub (CAH) in Hong Kong, marking its largest infrastructure investment in the Asia Pacific region to date, totaling EUR 562 million. The CAH is one of three global hubs connecting … Read the full press release

Portugal’s Floene Enhances Cybersecurity in Energy Distribution Through ENCS Membership

(IN BRIEF) The European Network for Cyber Security (ENCS) welcomes Floene as its newest member, focused on enhancing cyber defenses in Europe’s energy sector. Floene manages Portugal’s largest gas distribution network and boasts modern infrastructure for renewable gas distribution, including … Read the full press release

BAE Systems Continues Support for UK Defence with £20 Million Order

(IN BRIEF) The UK Ministry of Defence (MOD) has placed a £20 million order with BAE Systems for the supply of small arms munitions over the next two years. These munitions include 5.56mm and 7.62mm rounds, and they will be … Read the full press release

Amey Helps Achieve 30% Carbon Reduction in Avon and Somerset Courts Contract

(IN BRIEF) Amey, a provider of facilities management services and project solutions for the public estate, has assisted its client in achieving a 30% reduction in carbon emissions across its Avon and Somerset Courts contract. The reduction not only aligns … Read the full press release

AirFund Secures €6 Million in Financing Round Led by Amundi and Indosuez Wealth Management

(IN BRIEF) Amundi and Indosuez Wealth Management have jointly invested in AirFund, a digital platform designed to connect asset management firms and distributors of Private Markets funds with retail investors. This €6 million financing round marks a significant step in … Read the full press release

Stéphanie Ferran Appointed Deputy CEO of Hachette Livre to Lead Publishing Expansion

(IN BRIEF) Arnaud Lagardère, Chairman and CEO of Hachette Livre, has announced the appointment of Stéphanie Ferran as Deputy CEO of the Hachette Livre group, effective immediately. In her new role, Ferran will support Hachette Livre’s ambitions in the publishing … Read the full press release

Continental Unveils Innovative Solutions for Sustainable Smart Farming at Agritechnica 2023

(IN BRIEF) Continental, a leading technology company, is showcasing its extensive product and service portfolio tailored to the agricultural sector at Agritechnica 2023. Under the theme “Our Smart Farming. For your harvest of tomorrow,” Continental presents a range of sustainable … Read the full press release

Road Safety Advancement: Mercedes-Benz Hits 10 Million Active Brake Assist Systems Worldwide

(IN BRIEF) Mercedes-Benz has reached a significant safety milestone with over 10 million of its passenger cars worldwide equipped with Active Brake Assist, which includes pedestrian detection. This system helps reduce the risk of collisions with vehicles, pedestrians, and cyclists … Read the full press release

Continental Announces Streamlining Measures to Enhance Competitiveness in Automotive Sector

(IN BRIEF) Continental, a leading automotive technology company, has unveiled a series of measures aimed at strengthening the competitiveness of its Automotive sector. The company plans to simplify and streamline its business and administrative structures, targeting an annual cost reduction … Read the full press release

Teck Resources to Exit Elk Valley in Landmark $6.93 Billion Deal with Glencore, Reshaping Canadian Mining

(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release

Alfa Laval Joins Global Effort at COP28 to Accelerate Transition to Net-Zero Emissions

(IN BRIEF) Alfa Laval, as part of the Swedish delegation to COP28, is actively participating in discussions and collaborations to expedite the transition to net-zero emissions by 2050. The company’s focus revolves around the systemic shift in key industries, including … Read the full press release

EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release

EBRD and Green Climate Fund’s High-Impact Programme Aims to Transform Hard-to-Abate Sectors for Net-Zero Goals

(IN BRIEF) The transition to a net-zero economy presents significant challenges for various industries, especially “hard-to-abate” sectors such as cement, steel, chemicals, mining, shipping, and aviation. These sectors contribute to about 30% of global emissions, making their transition crucial. The … Read the full press release

Kyrgyz Businesswoman Empowers Women in the Hotel Industry Through EBRD Support

(IN BRIEF) Women globally perform at least 2.5 times more unpaid work than men, with working mothers often balancing multiple roles, including employment, household chores, and childcare. In Central Asia, traditional constraints add to the challenges faced by women. Saikal, … Read the full press release

EBRD and EU Support Montenegro’s Green Energy Efficiency Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU) and Austria, is bolstering energy efficiency investments in Montenegro by extending a €2 million loan to NLB Banka a.d. Podgorica, aimed at providing … Read the full press release

Henkel Adhesive Technologies Recognizes Strategic Partners with Annual Supplier Awards

(IN BRIEF) Henkel Adhesive Technologies has presented its annual Supplier Awards to recognize the successful collaboration with its strategic partners for the 10th consecutive year. In 2023, awards were given to Kraton, Wanhua, and Kolon in the categories of Sustainability, … Read the full press release

Digi Communications NV announces the release of the Q3 2023 Financial Results

Digi Communications NV announces the release of the Q3 2023 Financial Results

(IN BRIEF) Digi Communications N.V. has released its Q3 2023 financial results, which can be found on the company’s website. A conference call to discuss these results will be held today at 14:00 UK time / 16:00 EEST (Romania local … Read the full press release