Monthly Archives: February 2024

Barclays’ Omar Faruqui Appointed Director General of UK Takeover Panel

(IN BRIEF) Omar Faruqui, Barclays’ Co-Head of M&A for Europe, Middle East, and Africa, has been appointed as the Director General of the UK Takeover Panel, commencing a two-year secondment from Barclays starting May 1, 2024. The UK Takeover Panel, … Read the full press release

Orange MEA Partners with Tencent Cloud to Enhance Max it Super-App Ecosystem

(IN BRIEF) Orange Middle East & Africa (OMEA) has forged a strategic alliance with Tencent Cloud, the cloud arm of global tech giant Tencent, to enhance its super-app Max it and expand its service offerings across the Middle East and … Read the full press release

Climate Change Report: Urgent Adaptation Measures Needed to Stem Rising Economic Losses, Swiss Re Institute Finds

(IN BRIEF) Swiss Re Institute’s latest analysis reveals that climate change is poised to escalate economic losses globally due to severe weather events. The report highlights the vulnerability of countries like the Philippines and the United States, which face significant … Read the full press release

Orange MEA Partners with MIGA to Expand Telecommunications Infrastructure in MEA

(IN BRIEF) Orange Middle East and Africa (OMEA) collaborates with the Multilateral Investment Guarantee Agency of the World Bank (MIGA) to ensure guarantees for its subsidiary, including mobile money, and to bolster the expansion of its telecommunications infrastructure across the … Read the full press release

Telefónica Partners with Fini Company for Extensive Digital Transformation

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica announced a strategic partnership with the Fini Company, Spain and Brazil’s leading candy manufacturer, aiming to revolutionize their operations through digitalization over the next three years. Dubbed ‘Fini360º Digitization,’ the project … Read the full press release

Telefónica and Ericsson Unveil the Technological Marvels Behind Lang Lang’s Unforgettable Concert Experience

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica and Ericsson divulged the technical intricacies behind the groundbreaking concert featuring Chinese pianist Lang Lang at the Gran Teatre del Liceu in Barcelona. Leveraging the power of 5G technology, the event … Read the full press release

Thales Adaptive Connect (TAC) Transforms IoT Connectivity with Eseye Partnership

(IN BRIEF) Eseye, a global IoT connectivity solutions provider, has partnered with Thales to enhance IoT devices’ connectivity. They are leveraging Thales’ expertise to implement Thales Adaptive Connect (TAC), a cloud-based solution based on eSIM technology. This solution eliminates the … Read the full press release

DHL and Formula 1 Extend Partnership to Drive Sustainability in Motorsports Logistics

(IN BRIEF) DHL and Formula 1 have announced a multi-year extension of their partnership, with DHL commemorating its 20th anniversary as the Official Logistics Partner of Formula 1. This collaboration, the longest-standing global partnership in the sport’s history, signifies a … Read the full press release

Vodafone and Broadcom’s Collaborative Effort to Optimize Network Performance at MWC 2024

(IN BRIEF) Vodafone and Broadcom, showcased at the Mobile World Congress 2024, present a collaborative solution aimed at enhancing network performance amidst the proliferation of bandwidth-consuming short video clips. By leveraging innovative technology co-developed by both companies, content providers can … Read the full press release

Bentley Residences Miami: Where Luxury Living Meets Automotive Artistry

(IN BRIEF) Bentley Motors, in collaboration with Dezer Development, has broken ground on Bentley Residences Miami, the first-ever Bentley-branded residential tower, located on an exclusive oceanfront stretch in Sunny Isles Beach. Featuring 216 private residences with innovative car lifts and … Read the full press release

Deutsche Telekom Unveils Network-Based Cybersecurity Solutions at Mobile World Congress

(IN BRIEF) At the Mobile World Congress in Barcelona, Deutsche Telekom (DT) introduces “Magenta Security on Net,” a new line of network-based security products designed to protect customers from the growing threats of cybercrime while on the go. These innovative … Read the full press release

Enhancing Cycling Safety: Lazer Sport Partners with Siemens Xcelerator

(IN BRIEF) Lazer Sport NV, a prominent European cycling helmet manufacturer, has partnered with Siemens Digital Industries Software to develop their latest innovation, KinetiCore rotational impact protection technology. Through the adoption of Siemens Xcelerator portfolio, Lazer Sport aims to enhance … Read the full press release

Siemens Unveils Gridscale X DER Insights Software to Enhance Grid Visibility and Support Net-Zero Goals in the US

(IN BRIEF) Siemens has introduced Gridscale X DER Insights software, aiming to revolutionize grid management and support the US’s goal of achieving net-zero emissions by 2050. As distributed energy resources (DERs) proliferate, utilities face operational challenges in managing grid stability … Read the full press release

Siemens Unveils Gridscale X Software to Accelerate Grid Decarbonization and Digital Transformation

(IN BRIEF) Siemens has introduced Gridscale X, a groundbreaking software solution aimed at revolutionizing grid management and facilitating the energy transition. Gridscale X empowers utilities to rapidly scale grid capacity, manage the complexity of distributed energy resources (DERs), and enhance … Read the full press release

Škoda Auto India Unveils Plans for New Compact SUV to Propel Market Growth

(IN BRIEF) Škoda Auto India has announced the development of an all-new compact SUV, marking the next phase of its product expansion strategy following the successful launches of the Kushaq and Slavia models. Scheduled for debut in the first half … Read the full press release

Orange and BNP Paribas Forge Partnership for Seamless Banking Experience Across France and Spain

(IN BRIEF) In a significant move towards enhancing customer service, Orange and BNP Paribas have finalized agreements following exclusive negotiations initiated in June 2023. The partnership entails various arrangements aimed at providing banking continuity and innovative solutions for Orange Bank … Read the full press release

Digi Communications NV announces the release of the 2023 Preliminary Financial Results

(IN BRIEF) Digi Communications NV has released its 2023 Preliminary Financial Results, which are now available on the company’s website. Alongside the release, a conference call is scheduled for 28th February 2024 to discuss these results, hosted by CEO Mr. … Read the full press release

EBRD Hosts Western Balkans Investment Summit, Spotlighting Regional Potential

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) convened the Western Balkans Investment Summit 2024 in London, welcoming the heads of government from Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia. The summit aimed to showcase … Read the full press release

EBRD Reinforces Commitment to Türkiye’s Tech Sector with Follow-On Investment in Dgpays

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has solidified its support for Türkiye’s burgeoning technology sector by investing in Dgpays, a rapidly expanding tech firm. Partnering with Truffle Capital, the EBRD’s follow-on investment in Dgpays underscores its … Read the full press release

Naturgy Demonstrates Resilience with 20% Increase in Net Profit for 2023

(IN BRIEF) Naturgy, a prominent energy group, announced strong financial results for 2023 despite challenging market conditions. Their EBITDA increased by 11%, reaching 5,475 million euros, with a 20% rise in net profit to 1,986 million euros. The company heavily … Read the full press release

Leading Healthcare Giant Fresenius Establishes ESG Advisory Board

(IN BRIEF) Fresenius, a global healthcare group, has appointed an independent advisory board to focus on sustainability issues. Comprising four experts from various fields, the board will support the development of Fresenius’ sustainability strategy. This move reflects Fresenius’ commitment to … Read the full press release

150 Years Strong: Brenntag Reflects on Milestones and Achievements

(IN BRIEF) Brenntag, the global leader in chemicals and ingredients distribution, is commemorating its 150th anniversary in 2024. Originating as an egg wholesale business in Berlin in 1874, Brenntag has evolved into a DAX-listed company with a worldwide presence. Throughout … Read the full press release

A Decade of Excellence: BusStore’s Journey to European Industry Leadership

(IN BRIEF) BusStore, a leading European brand for marketing used buses under Daimler Buses, is celebrating its ten-year anniversary since opening its first site in Neu-Ulm, Germany, in February 2014. Over the past decade, BusStore has expanded its network to … Read the full press release

Vattenfall Advances Plans for Negative Emissions Facility in Jordbro, Stockholm

(IN BRIEF) Vattenfall is progressing with its initiative to establish a facility in Jordbro, Stockholm, capable of capturing up to 150,000 tonnes of carbon dioxide annually from a biomass-fueled heat plant. This endeavor represents a crucial step towards achieving negative … Read the full press release

Outokumpu Oyj repurchased 543,921 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 543,921 of its own shares across various trading venues. This initiative, part of a larger buyback program announced in November 2023, aimed to repurchase up to 11 … Read the full press release

EBRD Invests €30 Million in Sustainable Real Estate Projects Across Baltic and Eastern Europe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering sustainable real estate initiatives in the Baltic states and central and eastern Europe with a €30 million investment in UAB Urban Hub Holding, a joint venture with UAB … Read the full press release

EIB Provides €81 Million Loan for Nuremberg School’s Green Transition

(IN BRIEF) The Martin-Behaim-Gymnasium grammar school in Nuremberg is set to transition into a new, eco-friendly building thanks to an €81 million loan from the European Investment Bank (EIB). This state-of-the-art facility, constructed with wood and equipped with solar panels, … Read the full press release

Arkema Advances Climate Plan with Long-Term Renewable Energy Agreements

(IN BRIEF) Arkema has taken significant steps towards its climate plan goals by signing long-term renewable energy agreements for multiple sites across the United States. These agreements, with energy providers like Tennessee Valley Authority (TVA), Entergy, and 3Degrees, are expected … Read the full press release

BP Announces Cash Tender Offer for Notes

(IN BRIEF) BP p.l.c. has initiated a cash tender offer through its subsidiary, BP Capital Markets p.l.c., to acquire any validly tendered and accepted Notes issued by the Offeror, up to an aggregate principal amount of $1,000,000,000. The Tender Offer, … Read the full press release

Orange Business and Cisco Forge Partnership to Drive Greenhouse Gas Emission Reductions

(IN BRIEF) Orange Business and Cisco have entered into a Memorandum of Understanding (MoU) to jointly tackle greenhouse gas (GHG) emissions, furthering their commitment to sustainability. The agreement entails collaboration on creating an emissions baseline, implementing circular economy practices, and … Read the full press release

Telefónica Chairman Highlights Industry Transformation and Collaborative Vision at MWC 2024

(IN BRIEF) José María Álvarez-Pallete, Chairman of Telefónica, addresses the Mobile World Congress, reflecting on the transformative vision realized within the industry over the past year, particularly with the widespread adoption of Open Gateway. He underscores the collaborative efforts among … Read the full press release

Telefónica Redefines Sports Experience with ‘Telefónica Open Gateway’ Demo at MWC 2024

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica introduces the ‘Telefónica Open Gateway’ demo, showcasing an innovative way to experience sports through immersive virtual reality (VR) technology powered by Open Gateway APIs. Partnering with YBVR, a leading VR company … Read the full press release

Telefónica Unveils ‘Smart Industry: Leading the Change’ Demo at MWC 2024

(IN BRIEF) Telefónica showcases its technological prowess at Mobile World Congress (MWC) 2024 with the unveiling of the ‘Smart Industry: Leading the Change’ demo. This comprehensive demonstration highlights Telefónica’s capabilities in digitizing and automating industrial processes using advanced technologies such … Read the full press release

Telefónica Unveils Immersive Gaming Experience Powered by Network and Edge Computing

(IN BRIEF) At Mobile World Congress (MWC) in Barcelona, Telefónica introduces the Telefónica Edge Haptic Arena, a groundbreaking gaming experience that leverages its network and Edge Computing capabilities. Combining Extended Reality (XR) graphics, haptic technology, fiber connectivity, cloud rendering, and … Read the full press release

Telefónica and TikTok Collaborate on Open Gateway to Enhance User Security

(IN BRIEF) Telefónica and TikTok have announced a strategic partnership at Mobile World Congress (MWC) to collaborate on Open Gateway, an initiative by the GSMA aimed at unlocking the potential of telecom network capabilities through open and standardised APIs. Initially … Read the full press release

Telefónica Partners with Microsoft to Integrate AI Studio into Kernel 2.0

(IN BRIEF) Telefónica announces its collaboration with Microsoft to integrate Azure AI Studio into Telefónica Kernel 2.0, enhancing the capabilities of Kernel by incorporating generative AI into its workflows. The partnership aims to leverage the advancements in Large Language Models … Read the full press release

trinamiX Unveils Groundbreaking Consumer Spectroscopy Solution at MWC Barcelona 2024

(IN BRIEF) trinamiX GmbH debuts its latest innovation, the Consumer Spectroscopy solution, at the Mobile World Congress in Barcelona. This cutting-edge technology integrates a near-infrared (NIR) spectrometer into a smartphone reference design powered by Qualcomm’s Snapdragon® 8 Gen 3 platform, … Read the full press release

Deutsche Telekom Unveils Vision for AI Integration, Innovative Routers, and Enhanced Network Security at MWC Barcelona 2024

(IN BRIEF) At the Mobile World Congress 2024, Deutsche Telekom (DT) showcases its vision for integrating artificial intelligence (AI) into everyday communication, presenting prototypes of AI-powered smartphones designed for seamless task automation. Collaborating with Qualcomm and Brain.ai, DT explores AI … Read the full press release

Global Telco AI Alliance Formed by Industry Leaders to Revolutionize Customer Service with Tailored Language Models

(IN BRIEF) Deutsche Telekom, e& Group, Singtel, SoftBank Corp., and SK Telecom announce the establishment of the Global Telco AI Alliance (GTAA) during the Mobile World Congress 2024. Their joint venture aims to develop Large Language Models (LLMs) customized for … Read the full press release

Deutsche Telekom Unveils ‘Concept T’: Redefining Future Communication with Human-Centered Design

(IN BRIEF) Deutsche Telekom unveils its visionary “Concept T” at the Mobile World Congress 2024, offering a glimpse into the future of personal communication and connectivity. Comprising three design studies, “Concept T” explores innovative approaches to router functionality, incorporating cutting-edge … Read the full press release