(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
(IN BRIEF) On March 27, 2024, Logicor, a prominent player in European logistics real estate, finalized the acquisition of two greenfield land plots in key logistics hubs in Sweden. With plans to develop over 100,000 sqm of new logistics space, … Read the full press release
(IN BRIEF) Investor AB has announced the convening of its Annual General Meeting (AGM) scheduled for May 7, 2024, at China Teatern in Stockholm, Sweden. Shareholders are encouraged to participate either in person or via advance voting. The meeting will … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Annual General Meeting, Investor AB, Jacob Wallenberg, Johan Forssell
(IN BRIEF) Investor AB’s Nomination Committee has submitted proposals for the upcoming Annual General Meeting on May 7, 2024, regarding the composition of the Board of Directors. The committee suggests thirteen members, including notable re-elections such as Gunnar Brock, Magdalena … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged 2024 Annual General Meeting, Anders Oscarsson, appointment, Board of Directors, Christian Cederholm, Grace Reksten Skaugen, Gunnar Brock, Hans Stråberg, Investor AB, Isabelle Kocher, Jacob Wallenberg, Johan Forssell, Katarina Berg, leadership, Leif Johansson, Magdalena Gerger, Magnus Carlsson, Marcus Wallenberg, Mats Rahmström, nominations, Peder Hasslev, Sara Öhrvall, Sven Nyman, Tom Johnstone
(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, investment, Investor AB, Jacob Wallenberg, Johan Forssell, sustainability
(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Expansion Strategy, financial performance, investment, Markus Lesser, PNE AG
(IN BRIEF) Adyen collaborates with Riverty, a part of the Bertelsmann Group, to offer merchants in the DACH region a new 14-day invoice Buy Now, Pay Later (BNPL) payment method seamlessly integrated into Adyen’s fintech platform. This partnership aims to … Read the full press release
Posted in Banks, Business, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Retail, Technology
Tagged 14-Day Invoice, Adyen, Bertelsmann Group, buy now, Hella Fuhrmann, Netherland, partnership, Pay Later Solution, Riverty, Walter Drieenhuizen
(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain
Tagged BBVA, carbon footprint, partnership, renewable energy, sustainability
(IN BRIEF) NIRAS and Egis announce a strategic partnership aimed at bolstering consultancy and engineering services in the realm of renewable energies, particularly offshore wind projects in France. With NIRAS’s extensive experience in global offshore wind and Egis’s strong foothold … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Egis, France, Jean-Emmanuel Seixas, NIRAS, offshore wind development, partnership, sustainability, Thor Ugelvig Petersen
(IN BRIEF) AstraZeneca and Sanofi celebrate the approval of Beyfortus (nirsevimab) in Japan by the Ministry of Health, Labour, and Welfare for preventing lower respiratory tract disease (LRTD) caused by respiratory syncytial virus (RSV) in neonates, infants, and children entering … Read the full press release
Posted in Business, Environment, Financial, France, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Security & Safety, Technology, United Kingdom
Tagged AstraZeneca, Beyfortus, Dr. Hiroyuki Moriuchi, France, Iskra Reic, Japan, LRTD, partnership, prophylaxis, respiratory syncytial virus, safety, Sanofi, sustainability
(IN BRIEF) AstraZeneca announces the approval of Truqap (capivasertib) in combination with Faslodex (fulvestrant) by the Japanese Ministry of Health, Labour, and Welfare (MHLW) for treating adult patients with unresectable or recurrent hormone receptor-positive, HER2-negative breast cancer. The approval, based … Read the full press release
Posted in Business, Financial, Government, Healthcare, Industrial, Investment, Management, Marketing, News, Pharma & Biotech, Science, Security & Safety, Technology, United Kingdom
Tagged AstraZeneca, Breast Cancer Treatment, Dave Fredrickson, Faslodex, Japan, Masakazu Toi, MHLW, safety, Truqap
(IN BRIEF) Hexagon, a leading technology company, announces the availability of its Annual Report and Sustainability Report for 2023 on its website, hexagon.com. Striving for sustainability, the company opts for digital distribution but offers printed copies upon request. Additionally, the … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged Digital Distribution, Financial, Hexagon, investment, sustainability
(IN BRIEF) Deutsche Bank has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, marking its second venture into the SGD market. The funds will be used for general corporate purposes. Jonathan Blake, Deutsche Bank’s Head of Issuance … Read the full press release
Posted in Banks, Business, Financial, Germany, Investment
Tagged Asia Pacific, Deutsche Bank, Fiona Ip, Jonathan Blake, Oxley Holdings, Singapore, Singaporean Government
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) initiates a new risk-sharing framework with Privredna banka Zagreb d.d. (PBZ), offering up to €75 million in guarantees to share partner banks’ exposure to local enterprises in Croatia. PBZ, part … Read the full press release
Posted in Banks, Business, Croatia, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged businesses, CROATIA, Dinko Lucić, EBRD, Mark Davis, partnership, Privredna banka Zagreb d.d. (PBZ), SMEs, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Türkiye, aimed at financing the completion of upgrades to Antalya Airport. These enhancements, including … Read the full press release
Posted in Aviation & Aerospace, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Antalya Airport, EBRD, Fraport TAV, partnership, sustainability, Turkey, Upgrades
(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland
Tagged Andrzej Domański, economy, European Investment Bank, partnership, Poland, sustainability, Teresa Czerwinska
(IN BRIEF) Infineon Technologies AG launches the SSO10T TSC package, integrating OptiMOS™ MOSFET technology with a direct top-side cooling concept, ensuring superior thermal performance in automotive electronic control units. This innovative package facilitates a compact double-sided PCB design, significantly reducing … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Automotive Power Designs, Infineon, SSO10T TSC Package
(IN BRIEF) Heidelberg Materials has been granted up to US$500 million in funding by the US Department of Energy to advance industrial-scale carbon capture, transport, and storage (CCUS) at its cement plant in Mitchell, Indiana. This significant investment marks a … Read the full press release
(IN BRIEF) Borealis and AKVA Group have collaborated to introduce a groundbreaking innovation in sustainable aquaculture: the world’s first workboat hull crafted from renewable plastic. Utilizing Borealis’ Bornewables™ range of renewable polyolefins, AKVA Group’s iconic Polarcirkel series now boasts a … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, News, Norway, Transportation & Logistics
Tagged AKVA Group, aquaculture, Borealis, Freddy Bakken Braseth, John Webster, Norway, partnership, Renewable Plastic Workboat Hull, sustainability
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