Daily Archives: 8, April 2024

NIB Partners with Latvian Air Transport Infrastructure Company LGS to Advance Air Navigation Technologies

(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release

Henkel Launches ‘Climate Connect’ Program to Drive Supplier Engagement in Emissions Reduction

(IN BRIEF) Henkel has initiated the “Climate Connect” program, aiming to enhance supplier engagement in reducing Scope 3 emissions across its global supply chain. Partnering with “Manufacture 2030,” the program focuses on gathering emissions data from raw material and packaging … Read the full press release

Rheinmetall Secures Major Contract to Introduce Autonomous Ground Vehicles in Japan

(IN BRIEF) Rheinmetall has clinched a significant multimillion-dollar contract from the Japanese Ministry of Defence, paving the way for the introduction of autonomous Unmanned Ground Vehicles (UGVs) in Japan. The contract entails the delivery of Rheinmetall Mission Master SP UGVs … Read the full press release

AIXTRON Honored with Gold Supplier Award for Micro LED Collaboration with BOE HC SemiTek

(IN BRIEF) AIXTRON, a leading provider of deposition equipment, has been awarded the prestigious Gold Supplier Award by BOE HC SemiTek for their exceptional collaboration in the field of Micro LED technology. The partnership, spanning over 19 years, has evolved … Read the full press release

Adyen Research Reveals Alarming Global Retail Fraud Losses, Urges Enhanced Prevention Strategies

(IN BRIEF) Adyen, in collaboration with Cebr, has unveiled concerning statistics indicating a staggering $429 billion loss to payments fraud in the retail sector in 2023. The report exposes an average loss of $2.98 million per enterprise, with luxury fashion … Read the full press release

Melodies of Milan: IKEA’s “1st” Exhibition Unites Music and Design

(IN BRIEF) During Milan Design Week, IKEA’s “1st” exhibition at Padiglione Visconti becomes a haven for the city’s music scene, celebrating individual journeys towards independence through the fusion of music and design. Featuring nightly performances from various artists like Lorenzo … Read the full press release

TotalEnergies Expands U.S. Gas Production with Dorado Leases Acquisition

(IN BRIEF) TotalEnergies has announced the acquisition of Lewis Energy Group’s 20% interest in the Dorado leases operated by EOG Resources in the Eagle Ford shale gas play, bolstering its natural gas production capacity in Texas. This move is set … Read the full press release

TotalEnergies and Papua New Guinea Prime Minister Discuss Progress of Papua LNG Project

(IN BRIEF) Prime Minister James Marape of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, convened to review the status of the Papua LNG project. TotalEnergies affirmed its commitment, alongside project partners ExxonMobil, Santos, and JX Nippon, … Read the full press release

Rolls-Royce Secures Funding for Space Nuclear Power Research

(IN BRIEF) Rolls-Royce has been awarded £1.18 million from Phase 2 of the UK Space Agency’s International Bilateral Fund (IBF) to advance strategic research partnerships within the UK space sector and with emerging space nations. This funding will support collaborative … Read the full press release

Aviva Joins Partnership to Finance 250 Zero Emission Buses Across UK

(IN BRIEF) Rock Rail, the UK Infrastructure Bank, and Aviva Capital Partners have collaborated to establish a funding platform for zero emission bus financier, ‘Rock Road,’ committing an initial £100 million to fund up to 250 zero emission buses and … Read the full press release

Accenture to Bolster Technology Expertise with Acquisition of CLIMB in Gunma Prefecture

(IN BRIEF) Accenture, a global technology services provider, has announced its agreement to acquire CLIMB, a technology services provider specializing in system integration and IT infrastructure management primarily in Gunma Prefecture, Japan. This acquisition aims to enhance Accenture’s capabilities in … Read the full press release

AFRY Selected as Owner’s Engineer for 65MWp Solar PV Plant in Bacolod, Philippines

(IN BRIEF) Amatera Renewable Energy Corporation (ARECO) has appointed AFRY as the owner’s engineer for the construction of a 65MWp solar photovoltaic (PV) plant in Bacolod, Philippines. The project, known as The Vista Alegre, aims to provide clean energy to … Read the full press release

Study Reveals High Rates of Repeat Antibiotic Prescriptions for Respiratory Tract Infections in UK Primary Care

(IN BRIEF) A recent study conducted by researchers from the Universities of Bristol and Bath, King’s College London, and University Medical Center Utrecht highlights the concerning prevalence of repeat antibiotic prescriptions for respiratory tract infections (RTIs) within the same episode … Read the full press release

SSAB CEO Martin Lindqvist Steps Down After 26 Years for New Board Career

(IN BRIEF) After 26 years with SSAB, Martin Lindqvist, the President and CEO for the past 13 years, has announced his decision to step down to focus on his board career. During his tenure, Lindqvist led SSAB through significant transformations, … Read the full press release

Kuehne+Nagel Streamlines Organizational Structure to Enhance Efficiency and Agility

(IN BRIEF) Kuehne+Nagel International AG’s Board of Directors has approved a significant restructuring, transitioning to a new direct reporting system for country organizations. This strategic move aims to streamline responsibilities, empowering business and functional units to adapt more swiftly to … Read the full press release

Alstom’s C-Series Electric Train Marks a Historic Milestone in Western Australia’s Rail Manufacturing

(IN BRIEF) Alstom celebrates a significant milestone in Western Australia’s transportation sector with the delivery of the first Electric Multiple Unit (EMU) C-Series train into passenger service. This achievement follows the award of a substantial contract in 2019 for the … Read the full press release

Infant Brain Responses to Speech Predict Later Language Development, Study Finds

(IN BRIEF) A study conducted at the University of Helsinki under the DyslexiaBaby project reveals that infants’ neural responses to speech sounds can predict their later development of language and literacy skills. Stronger neural responses in the left side of … Read the full press release

Ipsotek Unveils Game-Changing Natural Language Search Feature for VISuite AI Platform

(IN BRIEF) Ipsotek, a division of Eviden and a leader in AI-powered video analytics, introduces a groundbreaking advancement in its Artificial Intelligence Video Analytics (AIVA) engine. This development enables users of the VISuite platform to conduct object searches within videos … Read the full press release

Cargotec to Present Kalmar as Discontinued Operations in Restated Financials for 2023

(IN BRIEF) Cargotec Corporation has approved a demerger plan, separating the Kalmar business area into an independent listed company by June 30, 2024. Shareholders, representing a significant portion of Cargotec’s shares and votes, have expressed support for the demerger. Consequently, … Read the full press release

Kapsch TrafficCom Elevates Tolling and Traffic Management Systems with AI Integration

(IN BRIEF) Kapsch TrafficCom is enhancing its tolling and traffic management systems by integrating Artificial Intelligence (AI) technology, signaling a significant advancement in the transportation sector. Leveraging AI for real-time data processing and video analytics promises smoother traffic flow and … Read the full press release

BevZero South Africa Achieves FSSC 22000 Food Safety Certification

(IN BRIEF) BevZero, a leading provider of beverage solutions, proudly announces its attainment of the FSSC 22000 Food Safety Management System certification in South Africa. This certification, incorporating the ISO 22000 standard, highlights BevZero’s dedication to ensuring the highest standards … Read the full press release