Daily Archives: 23, February 2024

Hungary Expands Gripen Fleet: Saab Signs Contract for Four New Aircraft

(IN BRIEF) Saab has secured a contract with the Swedish Defence Materiel Administration (FMV) to deliver four additional Gripen C fighter aircraft to Hungary. This follows an amendment to an existing agreement dating back to 2001. With this order, Hungary’s … Read the full press release

Austria’s Military Modernization: Skyranger 30 Systems to Bolster Air Defence Capabilities

(IN BRIEF) Austria is set to bolster its air defence capabilities with the procurement of 36 Skyranger 30 air defence systems mounted on Pandur EVO 6×6 vehicles from GDELS. This collaboration between Rheinmetall and GDELS marks a significant milestone in … Read the full press release

Next-Level 5G Experience: Ericsson and Telefónica Launch Innovative Network Slicing Solution

(IN BRIEF) Ericsson and Telefónica have introduced a pioneering initiative allowing consumers to access enhanced 5G services through on-demand network slicing. Tested at the 5TONIC Lab in Madrid, this proof of concept enables subscribers to customize their service experience with … Read the full press release

DHL Group and ICC to Unveil GoTrade Summit Insights at WTO Ministerial Conference

(IN BRIEF) DHL Group and the International Chamber of Commerce (ICC) are collaborating to host a side event during the 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi. The event aims to share key insights from the GoTrade … Read the full press release

Vodafone and Recommerce© Unveil Sustainable Shift: Europeans Favor Refurbished Phones

(IN BRIEF) The latest Recommerce© Barometer, presented in collaboration with Vodafone during Mobile World Congress 2024 in Barcelona, reveals a significant surge in European consumer interest in refurbished smartphones. Key findings indicate that over half of Europeans are now open … Read the full press release

Early Forest Fire Detection System Launched in Laguna Primera de Palos Wetland by Vodafone and CEPSA

(IN BRIEF) Vodafone and CEPSA have teamed up to protect the Laguna Primera de Palos wetland in Huelva, Spain, using an innovative IoT solution. The system, powered by solar panels, detects forest fires early by identifying initial combustion particles. Successfully … Read the full press release

ABB Releases Integrated Report Showcasing Record-Breaking Year and Sustainability Progress

(IN BRIEF) ABB has released its Integrated Report, along with its Annual Reporting Suite for 2023, detailing the company’s strategy, business performance, governance, and sustainability achievements. The report highlights ABB’s record-breaking year in 2023, emphasizing its role as a technology … Read the full press release

ABB Appoints Morten Wierod as CEO Successor to Lead Company’s Next Chapter

(IN BRIEF) ABB, a global technology leader in electrification and automation, has announced the appointment of Morten Wierod as its new Chief Executive Officer (CEO), succeeding Björn Rosengren. Wierod, currently serving as President of the Electrification Business Area, will assume … Read the full press release

ABB Announces Annual General Meeting 2024: Key Details and Agenda Revealed

(IN BRIEF) ABB has released an invitation to its Annual General Meeting (AGM) scheduled for March 21, 2024, at 10:00 a.m. The meeting will take place at Halle 550, Birchstrasse 150, 8050 Zurich, Switzerland, and will also be broadcast online. … Read the full press release

Singtel Partners with Ericsson to Drive Innovation in 5G Connectivity Solutions

(IN BRIEF) Ericsson has announced Singtel’s participation in its Startup 5G program, aimed at fostering innovation in 5G solutions and applications. Singtel will gain access to Ericsson’s research data and collaborate with startups in areas like gaming, e-commerce, and smart … Read the full press release

Alstom Commences Production of 52 Modern Metropolis Trainsets for Delhi Metro Phase IV

(IN BRIEF) Alstom has initiated the production of 52 state-of-the-art Metropolis trainsets for the Delhi Metro Rail Corporation (DMRC) Phase IV, following a €312 million contract awarded in 2022. These trains, comprising six cars each, will serve three different lines, … Read the full press release

Comprehensive Review in The Lancet Explores Atrial Fibrillation Risk Factors and Management

(IN BRIEF) A recent comprehensive review published in The Lancet Regional Health Europe offers insights into the risk factors and management strategies for atrial fibrillation (AF), a prevalent heart rhythm disorder affecting millions globally. Conducted by researchers from the University … Read the full press release

Outokumpu Oyj repurchased 39,634 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu concluded its share repurchase program, acquiring a total of 39,634 of its own shares across trading venues CEUX and XHEL on February 22, 2024. The weighted average price per share stood at EUR 4.1, totaling EUR 162,562.24. … Read the full press release

ETZ Hospital Secures €115 Million Financing for Modernization and Sustainability Drive

(IN BRIEF) ETZ hospital has finalized a €115 million financing deal with the European Investment Bank (EIB) and BNG Bank to support the modernization of its St. Elisabeth location in Tilburg. This funding will facilitate the construction of a new … Read the full press release

EBRD Commits €10 Million to GapMinder Fund II to Foster Tech Innovation in Romania and Beyond

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has allocated €10 million to GapMinder Fund II, managed by Romanian venture capital firm GapMinder, to support early-stage technology-driven companies primarily in Romania and other EBRD regions. This investment aims … Read the full press release

EIB Global Commits €11 Million Grant to Enhance Education Infrastructure in Montenegro

(IN BRIEF) EIB Global, the European Investment Bank’s financial arm for activities outside the EU, has allocated an €11 million grant for the Montenegro education program. The funding aims to modernize and equip 13 education facilities, including kindergartens, primary, vocational, … Read the full press release

STMicroelectronics Unveils Advanced 3D LiDAR and ToF Sensors, Targets Diverse Applications

(IN BRIEF) STMicroelectronics (NYSE: STM) introduces cutting-edge Time-of-Flight (ToF) sensors, including a high-resolution 3D LiDAR module and the world’s smallest 500k-pixel indirect ToF sensor. These sensors offer enhanced depth-sensing capabilities for smart devices, home appliances, and industrial automation. The VL53L9, … Read the full press release

Deka Immobilien Acquires State-of-the-Art E-Fulfilment Centre in Paris Region

(IN BRIEF) Deka Immobilien has finalized the acquisition of a cutting-edge e-fulfilment center in the Paris region for approximately EUR 160 million. Developed by Gemfi, the newly constructed facility, named “Tailor,” spans 140,000 sqm and is strategically located in the … Read the full press release

ABP Hosts ECG Maritime Meeting, Showcasing Automotive Industry Hub

(IN BRIEF) Associated British Ports (ABP) is hosting the inaugural ECG Maritime & Ports Working Group meeting at its Grimsby port, a pivotal location in the UK’s automotive sector. ABP’s Humber ports, including Grimsby and Immingham, handle over 700,000 vehicles … Read the full press release

ABP Appoints Francis Paonessa as Capital Projects Director to Drive Growth Initiatives

(IN BRIEF) Associated British Ports (ABP), the UK’s leading port operator, is intensifying its focus on growth and strategic development with the creation of a new role, Capital Projects Director. Francis Paonessa, with extensive experience in delivering large-scale infrastructure projects, … Read the full press release

NIB Achieves Record Demand with Largest-Ever USD Bond Issue

(IN BRIEF) Nordic Investment Bank (NIB) recently priced a five-year USD 1.5 billion global benchmark bond, marking its first USD benchmark issuance of 2024. The transaction saw unprecedented demand, with the orderbook surpassing USD 4.5 billion, making it NIB’s largest … Read the full press release

The Baltic Drive Towards Energy Autonomy Amid Geopolitical Shifts

(IN BRIEF) Amidst geopolitical tensions triggered by Russia’s actions in Ukraine, the Baltic States are accelerating their journey towards energy independence and sustainability. Historically reliant on Russian energy flows, the Baltics are now fast-tracking efforts to diversify their energy sources, … Read the full press release

Riverty Triumphs with “Best Payment Solution” Award at E-Commerce Germany Awards

(IN BRIEF) Riverty, a leading FinTech company, emerges victorious at the E-Commerce Germany Award 2024, securing the title of “Best Payment Solution” for its innovative “Buy Now, Pay Later” (BNPL) offering. Recognized for its customer-centric approach, Riverty’s BNPL solutions aim … Read the full press release

BBVA Collaborates with Energy Tech Summit to Drive Climate Innovation in Bilbao

(IN BRIEF) BBVA announces its sponsorship of the upcoming Energy Tech Summit, Europe’s premier conference on entrepreneurship and climate venture capital, to be held for the first time in Bilbao on April 10th and 11th, 2024. With a focus on … Read the full press release

Graphene Flagship Culminates with Groundbreaking Findings and Innovations

(IN BRIEF) The Graphene Flagship, Europe’s largest-ever research initiative with a one billion Euro budget, concludes its ten-year journey, yielding significant insights into the health and environmental impacts of graphene and related materials. Empa researchers, including Peter Wick, have played … Read the full press release

Continental’s Tire Tech App Revolutionizes Fleet Management with New Features and Expansion

(IN BRIEF) Continental unveils an enhanced version of its TireTech App, empowering fleet managers, drivers, retailers, and tire workshops with advanced functionalities for optimal tire performance and fleet efficiency. The app now includes winter tire recommendations for 39 countries, tire … Read the full press release