Daily Archives: 15, February 2024

Vodafone Introduces Next-Gen XR Experience with HyperRealityHub at MWC 2024

(IN BRIEF) Vodafone introduces HyperRealityHub and 5G Network advancements at Mobile World Congress 2024. The HyperRealityHub offers lightweight glasses and shared immersive experiences, while the upgraded 5G Network in a Box provides enhanced processing power and portability. Additionally, Vodafone unveils … Read the full press release

Vodafone Debuts Next-Gen Raspberry Pi-Based 5G Network for Small Businesses

(IN BRIEF) Vodafone is introducing an enhanced version of its 5G Network in a Box at the Mobile World Congress (MWC) 2024. Developed with Lime Microsystems, this portable 5G network, housed on a Raspberry Pi, offers expanded features and capabilities. … Read the full press release

bp’s GTA LNG Project Reaches Crucial Milestone with FLNG Vessel’s Arrival

(IN BRIEF) The floating liquefied natural gas (FLNG) vessel for the Greater Tortue Ahmeyim (GTA) LNG project, operated by bp and partners, has reached its destination on the maritime border of Mauritania and Senegal. This vessel, named Gimi, is a … Read the full press release

Elke Anderl Appointed as Head of Sales for Germany at T-Systems

(IN BRIEF) Elke Anderl has been appointed as the new Head of Sales for Germany at T-Systems International GmbH. With 16 years of experience in sales and service, Anderl brings extensive expertise from the automotive and telecommunications sectors. In her … Read the full press release

Deutsche Telekom Unveils AI Smartphone Concept at MWC 2024

(IN BRIEF) Deutsche Telekom, in collaboration with Qualcomm Technologies, Inc. and Brain.ai, unveils a revolutionary AI smartphone concept at MWC 2024. Departing from traditional app-centric models, the device features a digital assistant powered by AI, serving as a personalized concierge … Read the full press release

Deutsche Telekom, ServiceNow, and Cisco Unveil Future-Ready Retail Solutions at EuroCIS Trade Fair

(IN BRIEF) Deutsche Telekom, along with partners ServiceNow and Cisco, will showcase innovative retail solutions at the EuroCIS trade fair in Düsseldorf. These solutions, including “Instore Task Management” and “Law Monitoring,” aim to streamline operations and ensure compliance with evolving … Read the full press release

Deutsche Telekom Joins #Zusammenland Initiative: Promoting Freedom and Diversity

(IN BRIEF) Deutsche Telekom has announced its support for the “#Zusammenland – Vielfalt macht uns stark” initiative, advocating for freedom and diversity in society. The campaign, backed by prominent German media outlets and industry leaders, denounces hate, racism, and fascism … Read the full press release

ANDRITZ to Upgrade Evaporation Plant at Moorim P&P’s Ulsan Mill for Enhanced Efficiency

(IN BRIEF) International technology group ANDRITZ has secured an order from Moorim P&P in South Korea to upgrade the evaporation plant at its Ulsan mill, aimed at improving efficiency and resource conservation. The refurbishment project will focus on increasing the … Read the full press release

Siemens Powers Sustainable Mobility at Lisbon’s Infinity Building with Innovative EV Charging Solution

(IN BRIEF) Siemens Smart Infrastructure has installed 200 VersiCharge wallboxes and an intelligent charging management system at Lisbon’s Infinity building, a prestigious residential site known for its commitment to sustainability. This solution, customized by Siemens engineering teams, enables dynamic and … Read the full press release

Outokumpu Oyj repurchased 350,906 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has finalized the repurchase of its own shares, as outlined in its recently announced buyback program. The company completed transactions across multiple trading venues, acquiring a total of 350,906 shares at an average price of EUR 4.1 … Read the full press release

UniCredit Sponsors Youth America’s Cup, Nurturing Next Generation of Sailors

(IN BRIEF) UniCredit has announced its support for the third edition of the Youth America’s Cup and will serve as the naming partner for the UniCredit Youth America’s Cup Regatta. Scheduled from September 17th to 26th in Barcelona, the event … Read the full press release

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and … Read the full press release

Stellantis Approves €3 Billion Share Buyback Program to Enhance Shareholder Value

(IN BRIEF) Stellantis has announced the approval of a share buyback program worth up to €3 billion, reflecting the company’s robust financial position and commitment to delivering value to shareholders. The program, to be executed on the market, will involve … Read the full press release

Stellantis Achieves Record Financial Performance in 2023, Proposes Increased Dividend and Share Buyback

(IN BRIEF) Stellantis N.V. has announced its exceptional full-year 2023 results, with net revenues soaring to €189.5 billion, a 6% increase year-on-year, accompanied by a remarkable 11% rise in net profit to €18.6 billion. The company also reported a substantial … Read the full press release

Stellantis Announces Record Employee Payouts Totaling Nearly €1.9 Billion

(IN BRIEF) Stellantis has revealed its plans to distribute close to €1.9 billion this year to employees worldwide, based on the company’s impressive 2023 financial results and global achievements. This marks a significant milestone since the formation of Stellantis just … Read the full press release

Schneider Electric Achieves Record Sustainability Impact Score in 2023

(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has announced its exceptional sustainability performance for 2023 alongside its annual financial results. Surpassing expectations, the Schneider Sustainability Impact (SSI) score reached 6.13 out of 10, exceeding the … Read the full press release

GSK Expands Respiratory Biologics Portfolio with Aiolos Bio Acquisition

(IN BRIEF) GSK plc has finalized the acquisition of Aiolos Bio, bolstering its respiratory biologics portfolio with AIO-001, a promising long-acting anti-TSLP monoclonal antibody for treating asthma. AIO-001, set to enter phase II clinical trials, targets severe asthma patients with … Read the full press release

Stadler and SBB Expand Rail Connectivity with Five New Giruno High-Speed Trains

(IN BRIEF) Swiss rail operator SBB has placed an order for five additional Giruno high-speed trains from Stadler, aiming to bolster its international services to Italy and enhance accessibility and comfort for passengers. Manufactured at Stadler’s production plant in Bussnang, … Read the full press release

Outokumpu and V-ZUG Pioneer Green Stainless Steel for Sustainable Appliances

(IN BRIEF) Outokumpu, a leader in sustainable stainless steel, joins forces with V-ZUG, a Swiss premium home appliance manufacturer, to introduce the world’s first towards-zero stainless steel. Utilizing Outokumpu Circle Green®, boasting up to a remarkable 93% reduction in carbon … Read the full press release

European Power Grid’s Future: ENTSO-E Unveils Strategic Roadmap for Carbon Neutrality

(IN BRIEF) ENTSO-E, the European Network of Transmission System Operators for Electricity, has unveiled a new Strategic Roadmap aimed at preparing the European power system for carbon neutrality. The roadmap focuses on integrating carbon-neutral energy sources, deploying flexibility resources, and … Read the full press release

thyssenkrupp’s Fiscal Performance Aligned with Expectations Despite Market Challenges

(IN BRIEF) thyssenkrupp’s operational performance in the first quarter of the 2023/2024 fiscal year remained steady amidst a challenging market landscape. With order intake at €8.0 billion and sales at €8.2 billion, the company faced economic effects leading to declines, … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

ABP Southampton Sponsors Southampton Hospitals Charity’s Light the South Art Trail

(IN BRIEF) ABP Southampton proudly announces its sponsorship of the Southampton Hospitals Charity Light the South Art Trail, which will feature 40 8ft lighthouses spread across Southampton and Cowes on the Isle of Wight during the summer. This community event … Read the full press release

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … Read the full press release

Skanska Commits PLN 126M to Eco-Friendly Residential Project ‘Stilla’ in Warsaw

(IN BRIEF) Skanska, a leading construction company, is investing PLN 126 million in the development of the residential project “Stilla” in Warsaw, Poland. The project comprises two adjacent buildings with a total of 179 apartments, featuring innovative eco-friendly solutions aimed … Read the full press release

EBRD Invests €90 Million in Eko-Okna to Boost Polish Manufacturing Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering the growth of Poland’s manufacturing sector by providing a €90 million loan to Eko-Okna, a prominent producer of energy-efficient windows and doors in Poland. This investment will fund … Read the full press release

NWB Bank and EIB Sign €400 Million Agreement to Boost Dutch Water Infrastructure

(IN BRIEF) The Nederlandse Waterschapsbank (NWB Bank) and the European Investment Bank (EIB) have joined forces in a €400 million loan agreement aimed at enhancing flood protection and water quality in the Netherlands. Under this partnership, NWB Bank will lend … Read the full press release

ABN AMRO Bank Reports Strong Q4 Performance and Sets Ambitious Financial Targets for 2026

(IN BRIEF) ABN AMRO Bank concludes Q4 2023 with a net profit of EUR 545 million, showcasing continued high net interest income and impairment releases. The bank’s strategic focus on digital transformation and sustainable finance regulation contributed to these results. … Read the full press release

ABN AMRO Launches €500 Million Share Buyback Program to Enhance Capital Structure

(IN BRIEF) ABN AMRO announces the commencement of its third share buyback program, with plans to repurchase depositary receipts and ordinary shares of ABN AMRO Bank N.V. worth up to €500 million. The buyback, approved by the ECB, aims to … Read the full press release

ABN AMRO Leads in Sustainable Finance with Updated Green Bond Framework

(IN BRIEF) ABN AMRO announces the publication of an updated Green Bond Framework and Second Party Opinion on its corporate website, reaffirming its commitment to sustainable finance. As one of the first banks in Europe to issue green bonds in … Read the full press release

Vodafone Portugal Leads Global Deployment of Ericsson’s Energy-Efficient Triple-Band Radio 4485

(IN BRIEF) Vodafone Portugal has partnered with Ericsson to pioneer the deployment of Ericsson’s energy-efficient Radio 4485, making it the first service provider globally to implement this technology. The radio, deployed in Portugal’s 5G network, promises substantial energy savings of … Read the full press release

Loughborough University’s Professor Tim Watson Appointed Director of Science and Innovation at The Alan Turing Institute

(IN BRIEF) Professor Tim Watson, Director of the Cyber Security Centre at Loughborough University, has been appointed as one of four new Directors of Science and Innovation at The Alan Turing Institute. Tasked with addressing significant societal challenges, the appointments … Read the full press release