Daily Archives: 20, March 2024

Thales Data Threat Report Reveals Alarming Increase in Ransomware Attacks and Compliance Failures

(IN BRIEF) Thales releases its 2024 Data Threat Report, highlighting a 27% surge in ransomware attacks and a concerning trend of enterprises failing compliance audits. The report underscores the growing severity of cybersecurity threats, with ransomware, malware, and phishing emerging … Read the full press release

World Sailing and Kuehne+Nagel Forge Three-Year Logistics Alliance for Sustainable Event Supply Chain

(IN BRIEF) World Sailing announces Kuehne+Nagel as its Global Logistics Partner for an initial three-year period, aiming to revolutionize the logistics behind sailing events while prioritizing sustainability. Kuehne+Nagel will manage transportation for sailing equipment and resources, with a focus on … Read the full press release

GKN Aerospace Leads HyFIVE Consortium for Advancing Hydrogen Fuel Systems in Aviation

(IN BRIEF) GKN Aerospace collaborates with Marshall, Parker Meggitt, and several prestigious universities in the HyFIVE consortium, marking a significant milestone in establishing a robust cryogenic hydrogen systems supply chain for future aircraft. With a £40 million programme secured, supported … Read the full press release

Stellantis Ventures Backs SteerLight’s Next-Gen LiDAR Technology for Advanced Driver Assistance Systems

(IN BRIEF) Stellantis Ventures, the corporate venture fund of Stellantis N.V., announces its investment in SteerLight, a pioneer in high-performance LiDAR sensing technology. SteerLight’s innovative LiDAR, powered by silicon photonics technology, promises enhanced resolution, precision, and cost-effectiveness compared to existing … Read the full press release

ABN AMRO MeesPierson Ups Equity Position Amidst Optimistic Economic Outlook

(IN BRIEF) ABN AMRO MeesPierson, the private bank, announces a shift in its equity weighting from neutral to slightly overweighted, citing a more favorable macroeconomic landscape and the potential for interest rate cuts. Chief Investment Strategist Ralph Wessels highlights the … Read the full press release

Bristol Researcher Joins European Effort to Decode Heart Risks Post-Pregnancy

(IN BRIEF) Professor Abigail Fraser, leading a team from the University of Bristol, partners with researchers in the Netherlands to investigate the links between maternal vascular malperfusion (MVM) in placentas and future heart and circulatory diseases. Funded by the British … Read the full press release

Avia Solutions Group Teams Up with Impact Investments and Mike Pompeo for Global Expansion

(IN BRIEF) Avia Solutions Group, a leading global provider of aviation services, announces a strategic partnership with Impact Investments LLC, led by former US Secretary of State Mike Pompeo. Impact Investments will offer strategic and financial development counsel to support … Read the full press release

Fugro Initiates €42.8 Million Share Repurchase Program to Fulfill Employee Share Programs

(IN BRIEF) Fugro has announced the commencement of a share repurchase program, aiming to buy back 2 million of its ordinary shares to fulfill obligations under its employee share programs. Scheduled to begin on March 20, 2024, and anticipated to … Read the full press release

ANDRITZ to Enhance Tissue Production Efficiency in Derbyshire Mill: Sustainable Solutions at Forefront

(IN BRIEF) International technology group ANDRITZ has secured a turn-key order from Northwood Tissue Ltd. to implement a state-of-the-art PrimeDry Hood and air system for a tissue machine rebuild in Chesterfield, Derbyshire, England. Scheduled for completion in the third quarter … Read the full press release

Telefónica Tech Partners with Ferrovial and Endesa X for Smart Lighting in Santiago de Compostela

(IN BRIEF) Telefónica Tech has been chosen as the technology partner for the digitalization of public lighting in Santiago de Compostela by the joint venture of Ferrovial and Endesa X. This initiative involves the implementation of Telefónica Tech’s intelligent lighting … Read the full press release

Standard Chartered and DHL Express Forge Partnership for Sustainable Aviation Fuel Initiative

(IN BRIEF) Standard Chartered and DHL Express have entered a strategic partnership to advance the use of Sustainable Aviation Fuel (SAF) through DHL’s GoGreen Plus service. This collaboration enables Standard Chartered to offset CO2 emissions associated with its upstream logistics … Read the full press release

VOXI by Vodafone Introduces Advanced AI Chatbot for Enhanced Customer Interaction

(IN BRIEF) VOXI by Vodafone has collaborated with Accenture to launch a cutting-edge large language model (LLM) generative AI chatbot, aimed at revolutionizing customer interactions. Developed using the ChatGPT framework, this innovative chatbot is designed to engage in human-like conversations, … Read the full press release

Prudential plc Appoints Anette Bronder as Chief Technology & Operations Officer to Drive Strategic Objectives

(IN BRIEF) Prudential plc announces the appointment of Anette Bronder to the newly established role of Chief Technology & Operations Officer, effective May 1st, reporting directly to CEO Anil Wadhwani and joining the Group Executive Committee. In this role, Bronder … Read the full press release

trinamiX Unveils Groundbreaking NIR Spectrometer for Consumer Use at BEAUTY Düsseldorf

(IN BRIEF) trinamiX GmbH introduces a revolutionary Consumer Spectroscopy solution at BEAUTY in Düsseldorf, showcasing the world’s first NIR spectrometer that fits into smartphones or handheld devices for cosmetic applications. This innovation enables consumers to conduct non-invasive molecular analysis of … Read the full press release

ArcelorMittal Appoints Kleber Silva as CEO of Mining Division, Bids Farewell to Stefan Buys

(IN BRIEF) ArcelorMittal, a global leader in steel and mining, has named Kleber Silva as the Executive Vice President and Chief Executive Officer of its mining division, effective April 8, 2024. Kleber, who brings 35 years of extensive experience in … Read the full press release

Shell Releases 27th Annual Sustainability Report, Highlights Progress Towards Emission Reduction Goals

(IN BRIEF) Shell has published its 27th annual Sustainability Report, showcasing progress made in social, safety, and environmental performance throughout 2023. CEO Wael Sawan emphasizes the company’s commitment to creating more value with fewer emissions, noting advancements in reducing carbon … Read the full press release

London Metal Exchange Plans to Add Jeddah as New Delivery Point for Copper and Zinc

(IN BRIEF) The London Metal Exchange (LME) has announced its intention to include Jeddah as a new delivery point for copper and zinc, pending a brief consultation on a technical modification to the LME’s warehouse location framework. LME CEO Matthew … Read the full press release

Eurojust Coordinates Cross-Border Arrests in Cannabis Trafficking Case

(IN BRIEF) Eurojust has facilitated the collaborative efforts of Swedish and Spanish authorities leading to the arrest of four individuals implicated in the wholesale and transportation of cannabis and other illegal substances. The operation, centered around a main suspect allegedly … Read the full press release

EBRD Literature Prize Shortlist Reflects Diverse Voices from Across Regions

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has revealed the shortlist for the prestigious EBRD Literature Prize, showcasing a diverse array of compelling works from writers across several countries and regions of the Bank’s operation. Selected by … Read the full press release

Team Europe Delegation Commits €166 Million for Benin’s Development Agenda

(IN BRIEF) A high-level Team Europe delegation recently concluded an official visit to Benin, solidifying the country’s partnership with the European Union through the signing of finance contracts totaling €166 million. Led by senior leaders of European institutions and development … Read the full press release

EIB Group Boosts Portuguese Economy with €2.1 Billion Investment in 2023

(IN BRIEF) In 2023, Portugal witnessed a significant financial influx from the European Investment Bank Group (EIB Group), totaling over €2.1 billion, marking a 25% increase from the previous year. This substantial support, aimed at fostering economic growth, social cohesion, … Read the full press release

EIB Supports GROPYUS to Revolutionize Sustainable and Affordable Housing in Europe

(IN BRIEF) The European Investment Bank (EIB) is injecting €40 million into German-Austrian PropTech GROPYUS to advance the construction of sustainable and affordable homes across Europe. GROPYUS specializes in employing digitalized, fully automated, and industrialized processes to produce multi-storey wooden … Read the full press release

EIB Signs MoU with Ukrhydroenergo to Boost Ukraine’s Energy Security

(IN BRIEF) EIB President Nadia Calviño hosted Ukrainian Prime Minister Denys Shmyhal at the EIB headquarters, marking a significant step in bolstering Ukraine’s energy security amidst ongoing challenges from the war. The meeting saw the signing of a Memorandum of … Read the full press release