Daily Archives: 7, March 2024

Fostering Growth: Deutsche Bank’s Initiative Revolutionizes Women’s Role in Asian Agriculture

(IN BRIEF) Deutsche Bank’s Corporate Responsibility program in Asia is empowering women in agriculture across the Philippines, Sri Lanka, and India. Through partnerships and funding, women are gaining access to education, innovative farming equipment, and sustainable practices, enhancing their livelihoods … Read the full press release

FDA Gives Nod to Fresenius Kabi’s Tyenne®: A Dual-Format Tocilizumab Biosimilar Advancement

(IN BRIEF) Fresenius Kabi announces FDA approval of Tyenne® (tocilizumab-aazg), the first tocilizumab biosimilar offering both IV and subcutaneous formulations. This marks a significant milestone in the company’s growth strategy (#FutureFresenius) and expands treatment options for inflammatory, autoimmune diseases, and … Read the full press release

EBRD and EU-Funded Program Propel Alaska Hotel’s Sustainability Drive in Tsaghkadzor, Armenia, with Solar Investment

(IN BRIEF) Nestled in Tsaghkadzor, Armenia’s popular health resort, the Alaska Hotel is attracting visitors with its renowned Armenian hospitality and a commitment to sustainability. With support from the European Bank for Reconstruction and Development (EBRD) and the European Union … Read the full press release

Ahold Delhaize Sets Ambitious Greenhouse Gas Emission Targets Aligned with 1.5ºC Trajectory

(IN BRIEF) Ahold Delhaize, along with its local brands, has established Greenhouse Gas (GHG) emission reduction targets aligned with the 1.5ºC trajectory, following the Science Based Targets initiative (SBTi). These targets aim to reduce carbon emissions across operations and the … Read the full press release

European Investment Bank and Housing Finance Bank Collaborate to Boost Women Entrepreneurship in Uganda

(IN BRIEF) The European Investment Bank (EIB) and Uganda’s Housing Finance Bank (HFB) have joined forces to provide a €50 million investment aimed at supporting private sector entities, particularly SMEs, in Uganda. With a special focus on gender inclusion, at … Read the full press release

TowerCo of Africa Uganda Secures US$40 Million Financing to Expand Rural Telecom Infrastructure in Uganda

(IN BRIEF) TowerCo of Africa Uganda has secured a US$40 million financing package from European development finance partners to spearhead the installation of 506 new telecom towers in rural areas of Uganda. This initiative, supported by the European Investment Bank, … Read the full press release

NIB Partners with Nooa Savings Bank to Provide EUR 10 Million Loan for Finnish SMEs

(IN BRIEF) NIB and Nooa Savings Bank Ltd have entered into a EUR 10 million loan agreement aimed at financing small and medium-sized enterprises (SMEs) in Finland. The seven-year maturity loan will support Nooa Savings Bank’s strategic objectives of growing … Read the full press release

Record Free Cash Flow Highlights Brenntag’s Resilience in Volatile Market Conditions

(IN BRIEF) In 2023, Brenntag reported solid financial results despite market challenges, with sales declining by 11.0% due to lower prices and volumes. Operating gross profit reached 4,041.8 million EUR (-3.7%), and operating EBITA stood at 1,265.0 million EUR (-13.1%), … Read the full press release

GSK Reports Positive Results from DREAMM-8 Phase III Trial of Blenrep in Multiple Myeloma Treatment

(IN BRIEF) GSK has announced encouraging findings from the interim analysis of the DREAMM-8 phase III trial evaluating Blenrep (belantamab mafodotin) in combination with pomalidomide plus dexamethasone (PomDex) compared to the standard of care, bortezomib plus PomDex, for relapsed or … Read the full press release

AFRY Management Consulting Report Highlights Challenges of EU Carbon Border Adjustment Mechanism for Electricity Imports from Great Britain

(IN BRIEF) A new report from AFRY Management Consulting commissioned by interconnector businesses and transmission companies sheds light on the potential impact of the EU Carbon Border Adjustment Mechanism (CBAM) on electricity imports from Great Britain (GB). The study identifies … Read the full press release

ING Releases 2023 Annual Report Highlighting Resilience and Sustainability Commitments

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has published its 2023 Annual Report, offering stakeholders an overview of its strategy, business activities, and performance throughout the year. Despite facing numerous challenges such as geopolitical tensions, economic shocks, and climate-related disasters, ING has navigated successfully … Read the full press release

Novo Nordisk Hosts Capital Markets Day to Share Progress on Strategic Aspirations 2025

(IN BRIEF) Novo Nordisk is conducting a Capital Markets Day (CMD) to provide updates on its Strategic Aspirations 2025. The event will focus on various aspects, including corporate strategy, sustainability, research and development pipeline, and financial performance. Highlights include discussions … Read the full press release

Thales Transport Achieves Silver Accreditation for Diversity Development Standard

(IN BRIEF) Thales Transport in the UK has secured the EW Group’s Diversity Development Standard (DDS) Silver accreditation, underscoring its unwavering commitment to fostering equity, diversity, and inclusion (EDI) within the rail sector. Since initiating its EDI journey in 2022, … Read the full press release

Vattenfall and Borealis Forge Renewable Energy Partnership to Drive Decarbonization

(IN BRIEF) Vattenfall and Borealis have entered into a groundbreaking long-term renewable hydropower purchase agreement (PPA) aimed at bolstering sustainability efforts. Starting January 2024, Vattenfall commenced supplying Borealis’ Stenungsund operations with 175 GWh per year of renewable energy sourced from … Read the full press release

European Investment Fund Fuels Blue Economy with €20 Million Aquaculture Investment

(IN BRIEF) The European Investment Fund (EIF) has announced a €20 million investment under the InvestEU program to support the Blue Revolution Fund, managed by Hatch Blue. This investment aims to boost early-stage aquaculture enterprises, address market deficiencies, and promote … Read the full press release

Allianz Trade Launches Comprehensive Payment Solutions for B2B E-commerce with Allianz Trade Pay

(IN BRIEF) Allianz Trade has introduced Allianz Trade Pay, a suite of services tailored to the needs of B2B e-commerce activities. This new offering encompasses various solutions, including trade credit insurance, fraud protection, digital buyer onboarding, and instant financing through … Read the full press release

Allianz SE Extends Mandates of Key Board Members Through 2029

(IN BRIEF) The Supervisory Board of Allianz SE has prolonged the mandates of Sirma Boshnakova and Günther Thallinger, members of the Board of Management, until December 2029, pending regulatory approvals. Boshnakova oversees the Group’s insurance operations in Western & Southern … Read the full press release

Schroders Capital Plans UK Venture and Growth Fund with £300 Million Investment Boost

(IN BRIEF) Schroders Capital’s private markets investment division announces its intention to launch a UK venture and growth Long-Term Asset Fund (LTAF) with a £300 million cornerstone investment, backed by the British Business Bank (BBB) and Phoenix Group. This initiative, … Read the full press release

Stellantis Pours €5.6 Billion into South America: A Game-Changer for the Region’s Automotive Sector

(IN BRIEF) Stellantis has unveiled an ambitious investment plan of €5.6 billion in South America, marking the largest ever investment in the region’s automotive industry. This substantial funding will span from 2025 to 2030 and will facilitate the introduction of … Read the full press release

Ericsson and Mobily Forge Partnership to Enhance Network Programmability in Saudi Arabia

(IN BRIEF) Ericsson and Etihad Etisalat (Mobily) have signed a Memorandum of Understanding (MoU) at LEAP 2024, Riyadh, Kingdom of Saudi Arabia, aiming to expose Mobily’s network capabilities to enterprises and developers in the country. Through this collaboration, Mobily will … Read the full press release