Daily Archives: 1, May 2024

Ørsted Secures Feasibility Licences for Offshore Wind Projects in Gippsland, Victoria

(IN BRIEF) The Australian Government has granted feasibility licences to Ørsted for its first offshore wind project in Australia, with intentions to grant a licence for a second project pending consultation. These licences provide Ørsted with exclusive site access to … Read the full press release

Wood Secures Contract with TotalEnergies for North Sea Flare Gas Recovery

(IN BRIEF) Wood, a prominent consulting and engineering firm, has secured a new 23-month contract from TotalEnergies (TEPUK) to support flare gas recovery in the North Sea as part of the Elgin-Franklin Flare Gas Recovery System Project. The contract, following … Read the full press release

NatWest Group and FSB Forge New Payments Partnership

(IN BRIEF) NatWest Group and the Federation of Small Businesses (FSB) have joined forces to introduce a new payments partnership aimed at bolstering support for small businesses across the UK. This collaboration, building on their longstanding relationship and previous initiatives … Read the full press release

Garanti BBVA International Partners with Kordsa for $50 Million Sustainable Loan

(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing initiatives, has secured a $50 million sustainable loan agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa). This collaboration aligns with Kordsa’s efforts to reduce environmental and … Read the full press release

Ambu A/S CEO Britt Meelby Jensen Nominated to Hempel A/S Board

(IN BRIEF) Britt Meelby Jensen, the CEO of Ambu A/S, is nominated to join the Board of Directors at Hempel A/S, replacing Susanna Schneeberger. With over two decades of experience in the life science industry, including leadership roles at global … Read the full press release

CEOs and Investors Navigate Shifting Economic Terrain: Outlook Revealed in EY CEO Pulse Survey

(IN BRIEF) The latest EY CEO Outlook Pulse survey reveals a nuanced perspective among CEOs, with two-thirds expressing optimism for revenue and profit growth despite economic challenges. Prioritizing investments in technology, data management, and cybersecurity reflects a strategic pivot towards … Read the full press release

Accenture Enhances Japanese Presence with CLIMB Acquisition, Bolstering Digital Transformation Capabilities

(IN BRIEF) Accenture has finalized the acquisition of CLIMB, a technology services provider renowned for its system integration and IT infrastructure management expertise, particularly in Gunma Prefecture. This strategic move, initially announced on April 8, 2024, brings approximately 230 professionals, … Read the full press release

Safran Helicopter Engines Secures Major Contract with DRF Luftrettung for H145 Fleet Support

(IN BRIEF) Safran Helicopter Engines has inked a substantial support-by-the-hour deal with DRF Luftrettung, encompassing maintenance and repair services for over 90 Arriel 2E engines powering its H145 helicopter fleet. The agreement, managed by Safran Helicopter Engines Germany, highlights the … Read the full press release

Barclays and British Gas Extend Partnership to Offer Discounted Home Health Check for Mortgage Customers

(IN BRIEF) Barclays has extended its partnership with British Gas to offer residential mortgage customers a discounted British Gas Home Health Check for £50, including an Energy Performance Certificate (EPC) at no extra cost. Aimed at addressing homeowners’ confusion about … Read the full press release

Vodafone Joins LF Edge, Introduces Innovative Edge Computing Applications

(IN BRIEF) Vodafone has become a Premier member of LF Edge, an organization under the Linux Foundation focused on advancing edge computing globally. With this membership, Vodafone aims to actively contribute to LF Edge’s governance and drive the development of … Read the full press release

Vodafone and Nokia Complete Successful Open RAN Trial in Northern Italy

(IN BRIEF) Vodafone and Nokia have concluded a successful three-month Open RAN trial in the Alpine towns of Arcisate and Sernio, Italy, leveraging a live 5G standalone (5G SA) test network. The trial showcased impressive results, achieving gigabit download speeds … Read the full press release

DHL Supply Chain Announces Strategic Leadership Changes for Future Growth

(IN BRIEF) DHL Supply Chain (DSC) unveils strategic leadership changes aimed at fortifying its global presence and preparing for future challenges. With the appointment of new members and a partial restructuring of roles within the Global Board of Management, DSC … Read the full press release

Fraunhofer-Gesellschaft and Siemens Spearhead Battery Cell Research in Münster

(IN BRIEF) The Fraunhofer-Gesellschaft initiates a groundbreaking project in Münster, Germany, by commissioning a research factory for battery cells, set to bolster the region’s electromobility sector. Partnering with Siemens AG, the project aims to revolutionize battery production, positioning “Made in … Read the full press release

Iberdrola Deutschland and Salzgitter AG Forge Green Energy Partnership

(IN BRIEF) Iberdrola Deutschland and Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, have entered a 15-year power purchase agreement (PPA) to drive low-CO2 steel production and support industry decarbonization. Commencing in 2025, Iberdrola will supply over 900 GWh of … Read the full press release

INEOS Nitriles Introduces INVIREO™: A Game-Changer in Bio-based Acrylonitrile Production

(IN BRIEF) INEOS Nitriles announces the world’s first sales of INVIREO™, a groundbreaking bio-based Acrylonitrile, essential for carbon fibre production and water purification. Produced through a certified mass balance route, INVIREO™ offers a remarkable 90% reduction in carbon footprint compared … Read the full press release

Jens Schulte Named New CFO of thyssenkrupp AG

(IN BRIEF) Dr. Jens Schulte is set to assume the role of Chief Financial Officer (CFO) at thyssenkrupp AG starting June 1, succeeding Dr. Klaus Keysberg who will retire on May 31. Approved by the Supervisory Board last November, Schulte … Read the full press release

EBRD Funds Sustainable Transport Solutions in Tajikistan’s Capital

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing up to €28.45 million to upgrade key infrastructure and develop sustainable transportation solutions for Tajikistan’s capital, Dushanbe. This project marks the third initiative under the Dushanbe Green City … Read the full press release

Multilateral Development Banks Unveil Circular Economy Vision at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBRD), presented their shared vision on the role of MDBs in supporting the circular economy. … Read the full press release

EBRD Invests in TBC Bank Georgia’s US$300 Million Capital Notes Issuance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has injected US$60 million into TBC Bank Georgia’s public placement of US$300 million Additional Tier 1 (AT1) capital notes, marking TBC’s return to international capital markets since 2019. This investment, … Read the full press release

EBRD and Swiss Government Boost Water Infrastructure in Tajikistan with €2.7 Million Investment

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Swiss government are teaming up to provide €2.7 million towards the completion of vital water projects in Fayzobod, Tajikistan. This financial package will support upgrades to water supply … Read the full press release