(IN BRIEF) TotalEnergies celebrates its centenary by introducing three initiatives: €100 rewards for new electricity customers in France, €100 incentives for select fuel purchases, and the allocation of 100 company shares to each of its global employees, contingent on a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Management
Tagged anniversary, centenary, customers, electricity, Employees, France, Patrick Pouyanné, service stations, shares, TotalEnergies
(IN BRIEF) Volkswagen celebrates 50 years of the Golf, Europe’s most successful car, with over 37 million units sold worldwide. Since its debut in 1974, the Golf has set industry standards, introducing innovations in technology, safety, and design across its … Read the full press release
Posted in Automotive, Germany, Industrial, Technology, Transportation & Logistics
Tagged 50th anniversary, Andreas Mindt, automotive, Giorgio Giugiaro, golf, Herbert Schäfer, Hybrid, INNOVATION, Volkswagen
(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals
Tagged Annual General Meeting, ArcelorMittal, board committee, Luxembourg, Mrs. Karyn Ovelmen, shareholders, STEEL
(IN BRIEF) SIX, a leading provider of financial data and analytics, has acquired a majority stake in FactEntry, a global fixed income data and solutions provider. The acquisition, finalized on March 27, 2024, enhances SIX’s data offerings, particularly in fixed … Read the full press release
Posted in Business, Financial, Investment, Management, Sweden
Tagged acquisition, analytics, cross-asset data capabilities, FactEntry, financial data, financial market participants, Fixed Income Data Provider, fixed income reference data, Fixed Income Solutions Provider, Marion Leslie, reference data, SIX
(IN BRIEF) Ericsson announced that its anti-corruption compliance program has been independently certified as effective by the compliance Monitor appointed by the U.S. Department of Justice. This certification marks significant progress since the resolution of historical violations of the Foreign … Read the full press release
(IN BRIEF) Stora Enso has released its Green and Sustainability-Linked Financing Report for 2023, highlighting the allocation of proceeds from green bonds and bilateral loans. The report details the environmental benefits achieved through projects in sustainable forest management and product … Read the full press release
(IN BRIEF) Borealis has received Letters of No Objection (LNOs) from the US Food & Drug Administration (FDA) for specific grades of its Borcycle™ M post-consumer recycled plastics (PCR) to be used in food-grade packaging. This milestone underscores Borealis’ commitment … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release
Posted in Banks, Construction, Education, Financial, Finland, Industrial, Infrastructure & Utilities
Tagged Aalto University, Aalto University Foundation, Aalto-korkeakoulusäätiö sr, construction, Espoo, financing, Finland, K3, Kide, Kide buildings, loan, Marsio, NIB, Otaparkki, renovation
(IN BRIEF) Roland Berger, a global management consultancy, opens a new office in Abu Dhabi’s ADGM financial district, expanding its regional presence to five offices. The move reflects Roland Berger’s commitment to Abu Dhabi’s economic growth and diversification efforts. The … Read the full press release
Posted in Business, Germany, Management, Technology
Tagged Abu Dhabi, Abu Dhabi Global Market, Hani Tohme, management consultancy, Middle East, Rene Seijger, Roland Berger, Santiago Castillo
(IN BRIEF) Thales, a leading European high-tech company in civil and defense sectors, announces the launch of cortAIx, an AI accelerator. cortAIx aims to equip armed forces, aircraft manufacturers, and critical infrastructure operators with secure and efficient AI solutions. Thales … Read the full press release
Posted in Artificial Intelligence (AI), Aviation & Aerospace, Defence, France, Industrial, Security & Safety, Technology, Telecom
Tagged aerospace, AI, AI accelerator, AI capabilities, air defence radars, Air Traffic Control systems, AirMaster surveillance radars, civil, cortAIx, cortAIx Factory, cortAIx Lab, cortAIx Sensors, Critical Infrastructure, Cybersecure AI, Cybersecurity, data analysis, defence fields, defense technology, digital identity, optronics, Patrice Caine, radar, radio, RESEARCH, Sensors, Sonar, Talios pod, Thales, Thales sensors
(IN BRIEF) CANCOM Group concluded the 2023 fiscal year with remarkable financial results, including a 17.8% increase in revenue to €1,522.7 million and a notable rise in EBITDA to €115.7 million. CEO Rüdiger Rath attributes this success to strategic acquisitions … Read the full press release
Posted in Business, Financial, Germany, Management, Technology
Tagged CANCOM Group, EBITDA, economic challenges, ERP system, expansion, financial performance, forecast, integration, KBC Group, Market development, Operational improvements, profitability, revenue growth, Rüdiger Rath, Strategic acquisitions
(IN BRIEF) EDF Renewables, a prominent player in renewable energy, is proposing Béatrice Buffon as its new Chairman and CEO. This change follows the decision of Bruno Bensasson, the current Chairman and CEO, to step down to pursue other opportunities. … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Management
Tagged appointment, Béatrice Buffon, Bruno Bensasson, Chairman, Chief Executive Officer, EDF Hydro, EDF Renewables, Emmanuelle Verger, fight against climate change, French hydroelectricity, hydroelectric power, leadership, Luc Rémont, offshore wind farm, solar energy
(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management
Tagged 100th anniversary, Compagnie Française des Pétroles, COP28, decarbonized power, Direct Energie, electricity, Elf-Aquitaine, ENERGY, energy transition, France’s energy supply, hydrocarbons, LNG, Maersk Oil, multi-energy company, natural gas, oil, Petrofina, renewables, Saft, TotalEnergies
(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Clarity, Financial, investment
(IN BRIEF) Daimler Truck AG has finalized a new revolving credit line worth €5 billion, capitalizing on favorable market conditions to replace its existing syndicated credit line set to mature. Coordinated by BNP Paribas, Deutsche Bank, and LBBW, with participation … Read the full press release
(IN BRIEF) Jenoptik AG announces impressive financial results for the fiscal year 2023, highlighted by a considerable increase in revenue and profitability. The company’s photonics business, particularly in the semiconductor equipment sector, drove significant organic revenue growth of 8.7 percent … Read the full press release
(IN BRIEF) Truro and Penwith College, in collaboration with the University of Exeter, has expanded its Mature Access Pathway program, aimed at facilitating mature students’ transition to university education and career advancement. This initiative offers tailored support, including workshops, talks, … Read the full press release
(IN BRIEF) Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has announced that its Sishen and Kolomela mines in South Africa have attained the Initiative for Responsible Mining Assurance’s (IRMA) IRMA 75 level of performance. This achievement underscores … Read the full press release
Posted in Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged Aimee Boulanger, Anglo American, Awards, IRMA 75 Performance Level, Kolomela, Kumba Iron Ore, mining, Mpumi Zikalala, Sishen, South Africa, sustainability, Themba Mkhwanazi
(IN BRIEF) The Alan Turing Institute has released a groundbreaking report suggesting that Large Language Models (LLMs) could revolutionize efficiency and safety within the finance sector. The research explores how LLMs can detect fraud, generate financial insights, and automate customer … Read the full press release
(IN BRIEF) ASSA ABLOY, a global leader in access solutions, has announced its agreement to acquire Nomadix and Global Reach, prominent providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate sectors in the US … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Internet & Online, Management, News, Technology, United Kingdom
Tagged acquisition, ASSA ABLOY, Global Reach, Hospitality, Nico Delvaux, Nomadix, partnership, Stephanie Ordan, sustainability, USA
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