Daily Archives: 10, February 2024

UK Celebrates World Pulse Day with New Varieties of URBeans

(IN BRIEF) In celebration of World Pulse Day on February 10th, Professor Eric Holub of the University of Warwick introduces new varieties of UK Registered beans (URBeans) aimed at diversifying British cuisine with locally grown ingredients. Named after iconic figures … Read the full press release

Warwick-Aston Engineering Biology Project Receives £1.8m Grant for Membrane Protein Research

(IN BRIEF) The University of Warwick and Aston University have secured a £1.8 million grant to advance research in engineering microbial cell factories for the production of membrane proteins, crucial molecules in drug discovery and sustainable manufacturing. Funded by the … Read the full press release

Swiss Banks Boost Financing to Egypt’s Textile Modernization Program to EUR 375 Million

(IN BRIEF) Credit Suisse AG, UBS Switzerland AG, and other Swiss banks have collectively increased their financing commitment to the Cotton, Spinning, Weaving & Garment Holding Co in Cairo, Egypt, to EUR 375 million as part of the country’s textile … Read the full press release

WACKER Earns Top Climate Change Rating in CDP’s Annual Sustainability Assessment

(IN BRIEF) WACKER has achieved an exceptional milestone by securing the highest rating of A in the Climate Change category of the CDP’s annual sustainability assessment, reaffirming its leadership in climate protection. This recognition underscores WACKER’s commitment to environmental stewardship … Read the full press release

PARC, Foster + Partners, Kvadrat Acoustics, and Lindner Group Forge Strategic Alliance to Redefine Architectural Ceilings Market

(IN BRIEF) PARC, in collaboration with Foster + Partners, Kvadrat Acoustics, and Lindner Group, is embarking on a transformative initiative aimed at reshaping the architectural ceilings market with innovative design standards and sustainable practices. The strategic alliance leverages the Lindner … Read the full press release

Evonik and Uniper Launch TORTE Project to Harness Industrial Waste Heat for District Heating

(IN BRIEF) Evonik and Uniper have initiated the Technical Options for Thermal Energy Recovery (TORTE) project in Gelsenkirchen as part of Evonik’s broader sustainability initiative, the ‘Herne Green Deal’, aimed at transforming the Herne chemical site. The TORTE project will … Read the full press release

Maersk Elevates Shanghai as Global Gateway for Less-than-Container-Load Shipments

(IN BRIEF) Maersk, a global leader in shipping and logistics, has designated Shanghai as its new global gateway for Less-than-Container-Load (LCL) shipments, marking a significant shift in the industry’s logistics landscape. Leveraging relaxed local restrictions, Shanghai now serves as a … Read the full press release

Maersk’s Greenhouse Gas Emissions Targets Validated as Industry First by SBTi

(IN BRIEF) A.P. Moller – Maersk’s ambitious greenhouse gas emissions targets have received validation from the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway of the Paris Agreement, a milestone marking an industry first under SBTi’s … Read the full press release

Yara Reports Lower Fourth-Quarter Earnings but Sees Positive Market Trends for 2024

(IN BRIEF) Yara, a leading fertilizer company, announced its fourth-quarter financial results, revealing a decline in earnings compared to the previous year due to lower market prices and one-off position effects. Despite this, the company’s EBITDA stood at USD 586 … Read the full press release

Realty Income Announces Sale-Leaseback Deal with Decathlon for 82 Retail Properties Across Europe

(IN BRIEF) The Monthly Dividend Company, Realty Income, has finalized a sale-leaseback agreement involving 82 retail properties leased to Decathlon SE, a renowned global sports retailer. The portfolio spans across key European markets such as Germany, France, Spain, Italy, and … Read the full press release

Savills Celebrates Apprenticeship Excellence at Second Annual Awards Ceremony

(IN BRIEF) Savills, the international real estate advisor, commemorated the achievements of its young talent during its second annual Apprenticeship Awards held in London’s Margaret Street office coinciding with National Apprenticeship Week. With over 110 apprentices, mentors, and employees in … Read the full press release

German Navy Extends Contract with ARGE F125 for Frigate Support, Ensuring Operational Readiness

(IN BRIEF) The Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) has prolonged the contract with ARGE F125 for technical-logistical support (TLB) of the F125 frigate class, encompassing four ships and a testing/training center in Wilhelmshaven, until … Read the full press release

Barclays Expands Reach with Acquisition of Tesco Retail Banking Business and Exclusive Partnership Deal

(IN BRIEF) Barclays Bank UK PLC has announced its agreement to acquire Tesco’s retail banking business, marking a significant strategic move to expand its offerings and distribution channels in the UK. This acquisition, along with an exclusive long-term partnership to … Read the full press release

Barclays Intensifies Climate Commitment with New Climate Change Statement and Transition Finance Framework

(IN BRIEF) Barclays reinforces its dedication to addressing climate change by releasing a revised Climate Change Statement and unveiling a Transition Finance Framework. The updated statement outlines stringent measures, including restrictions on financing for certain energy projects and requirements for … Read the full press release

Vodafone’s Drone Project Delivers Medicine and More to Remote Villages

(IN BRIEF) Vodafone’s innovative drone project in collaboration with partners like Wingcopter and Frankfurt University of Applied Sciences has expanded to include medicine delivery in addition to groceries to residents of remote villages around Michelstadt, Germany. Through the ‘LieferMichel’ platform, … Read the full press release

Vodafone Earns Coveted Spot on CDP’s ‘A List’ for Climate Change Leadership

(IN BRIEF) Vodafone’s commitment to transparency and action on climate change has garnered recognition from the global environmental non-profit CDP, securing the telecom giant a coveted place on its prestigious annual ‘A List’. Acknowledged for efforts to reduce emissions, address … Read the full press release

BASF Initiates Divestment from Xinjiang Joint Ventures Amid Sustainability Strategy Shift

(IN BRIEF) BASF, in line with its global strategy for 1,4-butanediol (BDO), commenced the process to divest its shares from joint venture companies in Korla, China, due to environmental concerns and evolving market dynamics. The decision follows an assessment of … Read the full press release

Mercedes-Benz Marco Polo: Four Decades of Innovation in Camping Adventures

(IN BRIEF) Since its inception in 1984, the Mercedes-Benz Marco Polo camper has been synonymous with family holidays and adventurous journeys, continuously setting standards in the camping segment. Evolving from its origins with the “Bremer Transporter” to the current V-Class … Read the full press release

EIB Group and Deutsche Leasing Romania Forge €335 Million Agreement to Boost Small Business Financing and Climate Action

(IN BRIEF) The European Investment Bank Group (EIB Group) collaborates with Deutsche Leasing Romania IFN SA (DLRO) to finalize a synthetic securitization transaction worth €335 million, aimed at mitigating credit risk and enhancing lending capacity for DLRO, which in turn … Read the full press release

EIB Global’s €1.2 Billion Injection Energizes Western Balkans’ Future

(IN BRIEF) EIB Global, the financing arm of the European Investment Bank outside the EU, set a milestone by investing €1.2 billion in the Western Balkans in 2023, aiming to catalyze over €6 billion in new investments. The funds are … Read the full press release