Daily Archives: 17, January 2024

ABN AMRO Extends Partnership with Esther Vergeer Foundation to Promote Inclusivity in Sports for Children with Disabilities

(IN BRIEF) ABN AMRO has announced an extension of its partnership with the Esther Vergeer Foundation for an additional two years, continuing their joint efforts to enable children with physical disabilities and chronic conditions to engage in sports and experience … Read the full press release

Jolanda Poots-Bijl Steps Down from AkzoNobel’s Supervisory Board Due to New CFO Role at Ahold Delhaize

(IN BRIEF) Jolanda Poots-Bijl has decided to resign from her position as a member of AkzoNobel’s Supervisory Board, effective from January 31, due to her recent appointment as the CFO of Ahold Delhaize, which would limit her availability for her … Read the full press release

University of Helsinki Study: Advancing Colorectal Cancer Risk Assessment with Comprehensive Genetic Information

(IN BRIEF) A study led by researchers at the University of Helsinki highlights the need for a more comprehensive approach to assessing the hereditary risk of colorectal cancer. By analyzing genetic data and health records of over 450,000 Finns, the … Read the full press release

£2.3 Million Wellcome Trust Grant Awarded to Research Impact of Polar Climate Change on Human Health and Healthcare Sector

(IN BRIEF) The University of Exeter and its partners, including Arctic Basecamp, the World Economic Forum, Deloitte, and the Climate Vulnerable Forum through Aroha Geneva, have secured a £2.3 million grant from the Wellcome Trust for a research project examining … Read the full press release

Addressing Food Insecurity Among Workers: University of Liverpool Law School’s Research and Advocacy Efforts

(IN BRIEF) The University of Liverpool Law School is hosting an event to advocate for addressing the recommendations of a research report aimed at improving the protection of workers facing food insecurity. The report, developed in collaboration with Feeding Liverpool, … Read the full press release

Copper Giant Outokumpu Completes Repurchase of 254,118 Shares Worth EUR 1 Million

(IN BRIEF) On January 16, 2024, Outokumpu announced the completion of its share repurchase program, which included the acquisition of 254,118 of its own shares across various trading venues. The weighted average price per share was approximately 4.09 EUR, resulting … Read the full press release

bp Expands European C&I Energy Presence with Acquisition of GETEC ENERGIE GmbH

(IN BRIEF) bp, the global energy company, is set to expand its presence in the European commercial and industrial (C&I) energy supply sector with the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier in Germany. This acquisition will strengthen … Read the full press release

bp Elevates Interim CEO Murray Auchincloss to Permanent Leadership Role

(IN BRIEF) bp has appointed Murray Auchincloss as its new Chief Executive Officer (CEO), effective immediately. Auchincloss, who has been serving as interim CEO since September 2023, will continue as a member of the bp board. His appointment follows a … Read the full press release

Changing Landscape: BASF Report Highlights Transformation in Car Color Preferences

(IN BRIEF) BASF, a global chemical company, has released its 2023 Color Report for Automotive OEM Coatings, highlighting changing trends in automotive paint choices. The report shows that while achromatic colors (white, black, gray, and silver) remain dominant for non-commercial … Read the full press release

Swisscom Partners with NVIDIA to Build AI Supercomputers, Investing 100 Million Swiss Francs in AI Solutions

(IN BRIEF) Swisscom has announced a significant collaboration with NVIDIA to create generative AI (GenAI) full-stack supercomputers in Switzerland, utilizing NVIDIA accelerated computing and the NVIDIA AI Enterprise software platform, including the NeMo framework. This partnership aims to develop standard … Read the full press release

Carlos Zarlenga Appointed to Lead Stellantis North America, Focusing on Electrification and Performance Improvement

(IN BRIEF) Stellantis has announced that Carlos Zarlenga will assume the role of leading Stellantis North America, effective February 1, 2024, taking over from Mark Stewart. Zarlenga, who brings over a decade of automotive experience and a strong financial background, … Read the full press release

Deutsche Telekom Climbs Brand Finance Global 500, Achieving Top-Ten Status

(IN BRIEF) Deutsche Telekom has achieved a top-ten position in the “Brand Finance Global 500” study, making it one of the world’s most valuable brands. The company also secured the top spot as the most valuable telecommunications brand globally, surpassing … Read the full press release

SIXT Strikes Multi-Billion Euro Deal with Stellantis for Up to 250,000 Vehicles in Rental Fleet Expansion

(IN BRIEF) SIXT, the premium mobility service provider, and Stellantis, a major global automaker, have reached a multi-billion euro agreement, allowing SIXT to potentially purchase up to 250,000 vehicles for its rental fleet across Europe and North America over the … Read the full press release

Henkel Promotes Inclusivity with Gender-Neutral Parental Leave Policy Worldwide

(IN BRIEF) Henkel, a global company, is introducing a pioneering gender-neutral parental leave policy for its 50,000 employees worldwide, starting in 2024. This new initiative offers up to eight weeks of fully paid parental leave based on the caregiver’s role … Read the full press release

Skanska to Renovate and Expand DNB Livsforsikring’s Office Building in Trondheim for NOK 673M

(IN BRIEF) Skanska has secured a contract worth NOK 673 million (approximately SEK 660 million) from DNB Livsforsikring AS, via its subsidiary Trondheim Torg AS, for the renovation and expansion of an existing commercial office building in Trondheim, Norway. This … Read the full press release

Expansion of Kvasiny Plant Boosts Škoda’s Capacity for Second-Generation Kodiaq SUVs

(IN BRIEF) Škoda Auto has begun series production of its second-generation Kodiaq SUV at the Kvasiny plant in the Czech Republic. The company invested €49 million to modernize and expand the production facilities, enabling the plant to produce up to … Read the full press release

Voith and Schumacher Packaging Successfully Upgrade PM 2 in Poland for Doubled Production Capacity and Sustainability

(IN BRIEF) Voith and Schumacher Packaging have achieved the successful startup of PM 2 in Myszków, Poland, following a comprehensive modernization project. The rebuild, led by Voith, has doubled the production capacity of lightweight containerboard grades from 500 to 1,000 … Read the full press release

Nordic Investment Bank Issues NZD 600 Million Kauri Bond, Named ‘Kauri Issuer of the Year’

(IN BRIEF) On January 15, the Nordic Investment Bank (NIB) issued a new NZD 600 million Kauri bond, reaffirming its presence in the Kauri Market and receiving recognition as the ‘Kauri Issuer of the Year’ at the KangaNews 2023 awards. … Read the full press release

Savills Expands EMEA Data Centre Advisory Team with New Appointment

(IN BRIEF) Savills has bolstered its EMEA data centre advisory team by bringing in Rupert Duckworth as an associate director at the company’s Margaret Street head office. With over six years of experience in the real estate sector, specializing in … Read the full press release

European Commission Approves Quantum Key Distribution Infrastructure for Enhanced Cybersecurity

(IN BRIEF) The European Commission has awarded a consortium led by Deutsche Telekom, named “Nostradamus,” the task of constructing testing infrastructure for quantum key distribution (QKD). This initiative will facilitate the evaluation of QKD devices from European manufacturers, a crucial … Read the full press release

Bentley Motors Commits to Support Armed Forces Community by Signing the Armed Forces Covenant

(IN BRIEF) Bentley Motors, located in Crewe, has pledged its commitment to the Armed Forces Community by signing the Armed Forces Covenant, a national initiative aimed at supporting military personnel and their families. The company aims to treat those who … Read the full press release

Aviva Completes £140 Million Bulk Annuity Deal to Secure Member Benefits

(IN BRIEF) Aviva has successfully finalized a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan, sponsored by Office Depot UK Pension Sponsor Limited. This transaction covers around 1,500 members … Read the full press release

Siemens Joins HEINEKEN in Pioneering Global Net Zero Production Initiative

(IN BRIEF) HEINEKEN, the world’s leading brewer, has partnered with Siemens to advance its global Net Zero Production roadmap. The collaboration aims to achieve net-zero emissions in Scopes 1 and 2 across all production sites by 2030. Siemens will deploy … Read the full press release

Baltic Power Offshore Wind Farm to Pioneeringly Use Low-Emission Steel for Turbines, Reducing Carbon Footprint by 10%

(IN BRIEF) The Baltic Power offshore wind farm, a collaboration between ORLEN Group and Northland Power, is set to become the world’s first to construct wind turbines using low-emission steel produced predominantly from recycled materials in an electric arc furnace … Read the full press release

Siemens and Salesforce Collaborate to Launch Teamcenter SLM App on Salesforce AppExchange for Enhanced Manufacturing Service and Customer Experiences

(IN BRIEF) Siemens Digital Industries Software has unveiled the new Teamcenter SLM app on Salesforce AppExchange, developed in partnership with Salesforce. This app combines Siemens’ Teamcenter Service Lifecycle Management (SLM) solution with Salesforce Manufacturing Cloud and Salesforce Service Cloud, bridging … Read the full press release

Shell to Sell Nigerian Onshore Subsidiary SPDC to Renaissance Consortium for $1.3 Billion

(IN BRIEF) Shell has entered into an agreement to divest its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to the Renaissance consortium. This consortium comprises four Nigerian exploration and production companies and an international energy … Read the full press release

Celebrating Sustainability: EIB Invests Over $1 Billion in Northvolt’s Gigafactory Expansion

(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release