Daily Archives: 19, December 2023

Voith Secures Major Contract to Equip Angola’s Caculo Cabaça Hydropower Plant

(IN BRIEF) Voith, a technology company, is set to supply electrical and mechanical equipment for Angola’s Caculo Cabaça hydropower plant. The order includes the installation of turbines, generators, control systems, and training programs. Located on the Kwanza River, the plant … Read the full press release

Quantum-Resistant Cryptography Comes to 5G Networks: SK Telecom and Thales Lead the Way

(IN BRIEF) SK Telecom (SKT) and Thales are partnering to implement Post Quantum Cryptography (PQC) on 5G networks, enhancing user identity and privacy protection. This innovative solution, based on 5G standalone networks and 5G SIM technology, encrypts and decrypts subscriber … Read the full press release

Accenture to Empower McDonald’s Workforce with AI and Digital Skills

(IN BRIEF) McDonald’s and Accenture are expanding their partnership to leverage advanced technology and generative AI solutions across McDonald’s global restaurants, aiming to improve operations, enhance customer and employee experiences, and boost efficiency. The collaboration includes accelerating automation innovations from … Read the full press release

ABB Expands Partnership with Volvo Cars to Supply Over 1,300 Robots for EV Production

(IN BRIEF) ABB is expanding its partnership with Volvo Cars to supply more than 1,300 robots and functional packages for the production of electric vehicles (EVs). The collaboration aims to support Volvo Cars in achieving sustainability goals as the automotive … Read the full press release

AF Gruppen’s Subsidiary Kanonaden Entreprenad to Reinforce Power Transmission with Svenska kraftnät Contract

(IN BRIEF) Kanonaden Entreprenad, a subsidiary of AF Gruppen, has secured a contract, valued at around SEK 219 million, to construct and install two series compensation stations for Svenska kraftnät. In partnership with Hitachi Energy, Kanonaden will establish these stations … Read the full press release

Kalmar Bolsters Super Terminais’ Terminal Efficiency with Equipment Deal in Brazil

(IN BRIEF) Kalmar, part of Cargotec, will supply equipment and services to Super Terminais Ltd.’s Manaus terminal in northern Brazil. The order includes reachstackers, empty container handlers, terminal tractors, and a performance management tool, with delivery scheduled for Q3 2024. … Read the full press release

Empowering Ukrainian children with IT skills through Star for Life Ukraine

(IN BRIEF) In a time marked by disruptions in education for over 5.3 million children due to the ongoing war in Ukraine, Star For Life Ukraine, a non-profit organization, is dedicated to promoting informal tech education. The aim is to … Read the full press release

Engineering Firm Wood to Play Key Role in Expanding Germany’s Renewable Energy Grid

(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release

Entrevias Inaugurates Two New Sections of SP-333 Highway, Enhancing Mobility in São Paulo State

(IN BRIEF) Entrevias Concessionária de Rodovias, the operator of 570 kilometers of highways in São Paulo’s Ribeirão Preto and Marília regions, has officially opened two new sections of the SP-333 highway, known as Rodovia Rachid Rayes, spanning from km 337 … Read the full press release

INEOS Phenol Commences Production at Europe’s Largest Cumene Facility with a 50% Emission Reduction

(IN BRIEF) INEOS Phenol has initiated production at the largest Cumene facility in Europe, located in Marl, Germany. This state-of-the-art plant, with a production capacity of 750,000 tonnes, employs pioneering cumene technology combined with advanced heat integration to achieve a … Read the full press release

Breakthrough Discovery: New Proteins Enhance Botox Effectiveness in Medical Treatments

(IN BRIEF) Researchers at PSI have made a surprising discovery that could expand the medical applications of botulinum toxin A1, commonly known as Botox. They have developed antibody-like proteins called DARPins that unexpectedly accelerate the toxin’s impact on nerve signal … Read the full press release

BioNTech Inaugurates mRNA Vaccine Manufacturing Site in Rwanda, Aims to Boost Vaccine Equity in Africa

(IN BRIEF) BioNTech has achieved a significant milestone in expanding mRNA vaccine manufacturing in Africa with the inauguration of its Kigali site, which includes the first manufacturing unit known as BioNTainer. This move is part of BioNTech’s broader efforts to … Read the full press release

EQT to Acquire Zeus Company, Pioneering Medical Device Components Manufacturer

(IN BRIEF) EQT X fund has announced its acquisition of Zeus Company Inc., a pioneer in the design and production of fluoropolymer tubing for medical devices and select industrial applications. The acquisition aims to support Zeus’ continued growth as a … Read the full press release

GSK’s Dostarlimab Shows Positive Results in Endometrial Cancer Trial

(IN BRIEF) GSK plc has announced positive results from Part 2 of the RUBY/ENGOT-EN6/GOG3031/NSGO phase III trial, evaluating the use of Jemperli (dostarlimab) in combination with standard chemotherapy and as maintenance therapy for patients with primary advanced or recurrent endometrial … Read the full press release

TotalEnergies and Nigeria Strengthen Long-Term Partnership, Commit to Emissions Reduction

(IN BRIEF) TotalEnergies’ Chairman and CEO, Patrick Pouyanné, met with Nigerian President Bola Ahmed Tinubu to reaffirm the enduring partnership between TotalEnergies and Nigeria. Over the past decade, TotalEnergies has been the largest private energy investor in Nigeria, with significant … Read the full press release

2Africa Subsea Cable Extends to Canary Islands, Enhancing Global Connectivity

(IN BRIEF) The world’s largest subsea cable system, 2Africa, has expanded to the Canary Islands, improving connectivity and providing additional capacity for global telecommunications services. In collaboration with Vodafone and the Council of Tenerife, the cable system landed on the … Read the full press release

BAE Systems and AMS Collaborate to Provide Artillery Systems Support in Ukraine

(IN BRIEF) BAE Systems and AMS Integrated Solutions Ltd have entered into an agreement to jointly offer specialized support for artillery systems used in Ukraine, particularly those produced by BAE Systems. This partnership aims to provide repair and support services … Read the full press release

Jörg Vocke Appointed CEO of Siemens Real Estate, Succeeding Zsolt Sluitner

(IN BRIEF) Effective from March 1, 2024, Jörg Vocke will take over as the new CEO of Siemens Real Estate (SRE), the real estate subsidiary of Siemens. Reporting directly to Ralf P. Thomas, Chief Financial Officer of Siemens AG, Vocke … Read the full press release

Indosuez Wealth Management Reveals Investment Outlook for 2024: A Year Full of Opportunities

(IN BRIEF) Indosuez Wealth Management has presented its investment outlook for 2024 during its Global Outlook presentation. As 2023 concludes with decreasing inflation and monetary policy normalization, the year 2024 is expected to offer promising prospects for investors. Key insights … Read the full press release

Škoda Auto Launches Project ONE Log for Streamlined Logistics Transformation

(IN BRIEF) Škoda Auto is embarking on a significant logistics transformation through Project ONE Log, aimed at implementing a unified logistics system using SAP technology. This move involves replacing various existing systems with a standardized SAP solution, streamlining logistics processes … Read the full press release

Study Urges Recognition of Patients’ ‘Lived Experiences’ in Diagnosis Process

(IN BRIEF) A study led by researchers from the University of Cambridge and King’s College London highlights the importance of valuing patients’ “lived experiences” in the diagnostic process. The research, involving over 1,000 patients and clinicians, revealed that clinicians often … Read the full press release

Mercedes-Benz Secures Conditional Automated Driving License in Beijing, Paving the Way for Safe and Reliable Automated Driving in China

(IN BRIEF) On December 16, Mercedes-Benz achieved a significant milestone by obtaining conditional approval for its Level 3 conditionally automated driving system in Beijing, becoming one of the first automakers to do so. The automaker plans to conduct tests of … Read the full press release

EBRD Launches Risk-Sharing Framework with ProCredit Bank Kosovo to Boost SME Financing and Sustainability

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a risk-sharing framework for Kosovan banks, with ProCredit Bank Kosovo (PCBK) becoming the first partner bank to join. This framework allows the EBRD to share partner banks’ exposure … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

EMA and HMAs Announce 2028 Workplan to Harness Artificial Intelligence in Medicines Regulation

(IN BRIEF) The European Medicines Agency (EMA) and the Heads of Medicines Agencies (HMAs) have jointly released a comprehensive Artificial Intelligence (AI) workplan outlining their collaborative strategy through 2028. This initiative aims to maximize the benefits of AI for stakeholders … Read the full press release

EIB Commits €200 Million Loan for Vital Nervión River Tunnel Project in Bilbao’s Metropolitan Area

(IN BRIEF) The European Investment Bank (EIB) has inked a €200 million loan agreement with Interbiak, a public entity under the Department for Infrastructure and Territorial Development of the Provincial Council of Bizkaia. This financing will facilitate the construction of … Read the full press release

African Pharmaceutical Technology Foundation Takes Major Strides Toward Building a Self-Reliant African Pharmaceutical Industry

(IN BRIEF) In a significant development for Africa’s pharmaceutical sector, the African Pharmaceutical Technology Foundation and the Rwandan Government have signed a host country agreement, paving the way for the Foundation’s operationalization. The Foundation has also forged a memorandum of … Read the full press release

EIB Grants PLN 1.5 Billion Loan to Jerónimo Martins Polska for Green Store Refurbishments

(IN BRIEF) The European Investment Bank (EIB) is providing a loan of PLN 1.5 billion to Jerónimo Martins Polska, the owner of the Biedronka retail store chain in Poland, to facilitate energy efficiency investments within its store network. This financial … Read the full press release

EIB Provides €175 Million Loan to Northern Fiber Holding Group for Northern Germany Fiber Optic Network Expansion

(IN BRIEF) The European Investment Bank (EIB) has granted a significant €175 million loan to Northern Fiber Holding Group (NFH) to support the expansion of its fiber optic network in northern Germany. This funding, in addition to the €240 million … Read the full press release

EIB’s Financing Initiatives in the Western Balkans Drive Job Growth and Investment, New Study Reveals

(IN BRIEF) A recent study, titled “The impact of the EIB’s intermediated lending to businesses in the Western Balkans,” assesses the effect of the European Investment Bank’s (EIB) intermediated lending on small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina, … Read the full press release