(IN BRIEF) Continental is proud to introduce the VikingContact 8, the latest innovation in winter tire technology designed specifically for the demanding conditions of Nordic winters. Engineered with a focus on safety, comfort, and sustainability, the VikingContact 8 sets a … Read the full press release
Posted in Automotive, Germany, Industrial, Technology
Tagged electric cars, hybrids, maximum snow grip, Nordic winters, SUVs, VikingContact 8, winter tire
(IN BRIEF) Achmea has reached a final settlement agreement with interest groups Consumentenclaim, Woekerpolis.nl, Woekerpolisproces, Wakkerpolis, and the Consumentenbond regarding unit-linked insurance policies sold through various brands in the Netherlands. The agreement, totaling €85 million, aims to provide clarity and … Read the full press release
(IN BRIEF) Norsk Hydro ASA announced the signing of a USD 1,000 million revolving multi-currency credit facility on February 15, 2024. The facility, with a two-year tenor and a one-year extension option, replaces the company’s previous undrawn USD 1,300 million … Read the full press release
Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway
Tagged facility, Norsk Hydro, partnership, sustainability
(IN BRIEF) Swiss Re has announced impressive financial results for 2023, reporting a net income of USD 3.2 billion and a return on equity of 22.3%. The company’s Property & Casualty Reinsurance (P&C Re), Life & Health Reinsurance (L&H Re), … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, Financial, investment, John Dacey, Swiss Re
(IN BRIEF) Hanna Maula, an experienced professional in communications and brand management, has been appointed as Vice President of Communications and Brand at Neste, effective no later than June 1, 2024. She will report directly to Hannele Jakosuo-Jansson, Executive Vice … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management, Marketing, Media
Tagged appointment, Communications, Hanna Maula, Hannele Jakosuo-Jansson, Neste, UPM
(IN BRIEF) TenneT, the Dutch transmission system operator, is moving forward with plans to extend the national 380 kV grid, with a focus on three key connections: Vierverlaten-Ens, Ens-Diemen, and Geertruidenberg-Krimpen aan den IJssel or Crayestein. The Ministry of Economic … Read the full press release
(IN BRIEF) Ericsson (NASDAQ:ERIC) has announced that it will be exercising its authorization granted at the annual general meeting on March 29, 2023, to transfer the company’s own shares. This decision allows Ericsson to retain and sell up to 60% … Read the full press release
Posted in Business, Financial, Investment, Management, Sweden, Technology
Tagged Ericsson, LTV 2019, LTV 2020, Nasdaq Stockholm, shares, vested shares
(IN BRIEF) ING has announced its decision to redeem US$ 1,250 million of 6.750% Perpetual Additional Tier 1 Contingent Convertible Capital Securities on April 16, 2024, aligning with the bank’s ongoing efforts to optimize its capital structure. The securities will … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Capital Securities, Financial, ING, investment
(IN BRIEF) NatWest Group plc has announced the appointment of Paul Thwaite as Group Chief Executive Officer and Executive Director, effective immediately. Thwaite, who initially took on the role on a 12-month basis in July 2023, has been recognized for … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, CEO, Howard Davies, leadership, NatWest Group, Paul Thwaite, Rick Haythornthwaite
(IN BRIEF) thyssenkrupp Steel has initiated a call for tenders to supply hydrogen to its first direct reduction plant as part of the tkH2Steel decarbonization project. The project aims to transition to 100% hydrogen operation by 2029, with hydrogen use … Read the full press release
(IN BRIEF) Deutsche Telekom has achieved a groundbreaking transition by migrating its IP-based voice telephony platform to the cloud, centralizing landline connections through cloud data centers in Germany and migrating over seventeen million customer connections. Facilitated by the NIMS platform … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Technology, Telecom
Tagged Abdu Mudesir, Bejoy Pankajakshan, cloud migration, Deutsche Telekom, HPE, Juniper Networks, Lenovo, Marion Kessing, Mavenir, Microsoft, Rami Rahim, Red Hat, Stefano Capperi, telephony, Yousef Khalidi CVP
(IN BRIEF) In a significant move towards advancing their joint vision for e-mobility, Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed a landmark supply agreement for components of Volkswagen’s MEB platform to be integrated into Mahindra’s purpose-built electric … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged electric mobility, INDIA, INGLO, Mahindra, partnership, Volkswagen
(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release
Posted in Banks, Business, Environment, Estonia, Financial, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business
Tagged Arvils Aseradens, BALTIC, EIB Group, Evika Siliņa, Mart Võrklaev, Nadia Calviño, offices, partnership, Riga, SMEs, sustainability, Tallinn, Thomas Östros
(IN BRIEF) Outokumpu finalized its share repurchase program on February 15, 2024, purchasing shares on two trading venues. The total cost amounted to EUR 330,701.62 for 80,325 shares. This action is in line with the company’s previously announced buyback program … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, OUTOKUMPU OYJ, Shares Buyback Program
(IN BRIEF) Dr. Richard Carter, a University of York academic, is leading a project exploring the responsible use of artificial intelligence (AI) in the museum and heritage sector to revolutionize storytelling and enrich visitor experiences. The project, funded by the … Read the full press release
(IN BRIEF) A remarkable exhibition at the Yorkshire Museum, titled “Star Carr: Life after the ice,” unveils a treasure trove of artefacts discovered during excavations led by a University of York researcher at the renowned Middle Stone Age site of … Read the full press release
(IN BRIEF) Henkel, a global leader in adhesive technologies, has announced the acquisition of Seal for Life Industries LLC, a US-based provider of protective coating and sealing solutions, from Arsenal Capital Partners. With Seal for Life’s expertise in infrastructure markets … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged acquisition, Carsten Knobel, Henkel, Maintenance Repair Overhaul (MRO) Solutions, Mark Dorn, partnership, Seal for Life Industries, sustainability, USA
(IN BRIEF) Empa researcher Andyn Omanovic, in collaboration with etavalve GmbH, a spin-off of Empa and ETH Zurich, is poised to revolutionize the utilization of industrial waste heat. Omanovic’s innovative piston machine, equipped with an electro-hydraulically actuated valve control system, … Read the full press release
(IN BRIEF) Kapsch TrafficCom secures the third-highest grade in the annual Carbon Disclosure Project (CDP) for the second year running, showcasing its commitment to climate action and sustainability. Surpassing competitors in the electrical and electronic equipment sector, Kapsch TrafficCom’s exemplary … Read the full press release
(IN BRIEF) Rheinmetall Dermalog SensorTec GmbH, a joint venture between Rheinmetall AG and DERMALOG Identification Systems GmbH, has clinched a significant order from a leading healthcare company for a cutting-edge system designed to detect distraction and fatigue during final quality … Read the full press release
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