Monthly Archives: May 2024

NIB Commits EUR 100 Million for Modernization of Hospital Infrastructure in North Savo

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into an uncommitted credit facility of EUR 100 million with the Wellbeing Services County (WSC) of North Savo, Finland, marking their second loan agreement. This 20-year loan is designated for the … Read the full press release

NIB Funds Landsnet’s Green Transmission Network Expansion in Iceland

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a 15-year USD 50 million investment loan agreement with Iceland’s transmission system operator, Landsnet hf., to support the construction and enhancement of substations, underground cabling, and overhead lines from 2023 to … Read the full press release

NIB Partners with City of Stockholm to Build World’s Largest Underground Wastewater Treatment Facility

(IN BRIEF) The Nordic Investment Bank (NIB) has inked a 10-year loan agreement with the City of Stockholm to fund the construction of the world’s largest underground wastewater treatment facility at Henriksdal. Valued at SEK 2 billion (EUR 172 million), … Read the full press release

BAE Systems to Equip U.S. Navy’s F/A-18E/F Super Hornets with Cutting-Edge Dual Band Decoy

(IN BRIEF) BAE Systems secures a contract with the U.S. Navy to develop the Dual Band Decoy (DBD), an advanced radio frequency (RF) countermeasure system designed to protect fighter jets from enemy threats. Building on the success of the AN/ALE-55 … Read the full press release

EDF Pioneers Green Commercial Paper Issuance, Targets Renewable Energy Investments

(IN BRIEF) On May 14, 2024, EDF achieved a significant milestone by launching its inaugural green commercial paper issuance, valued at €50 million with a 6-month maturity, successfully subscribed by Ecofi. The funds from this issuance are earmarked to support … Read the full press release

BASF Elevates Car Painting Skills at WorldSkills Lyon 2024 with Sustainable Solutions

(IN BRIEF) BASF solidifies its commitment to the WorldSkills movement by signing a multi-year global industry partnership as the exclusive sponsor of the Car Painting category and becoming the global silver partner of the 47th WorldSkills Competition in Lyon, France. … Read the full press release

Siemens and Foxconn Forge Alliance to Revolutionize Smart Manufacturing and Sustainability

(IN BRIEF) Siemens AG and Hon Hai Technology Group (Foxconn) have inked a memorandum of understanding (MoU) to spearhead digital transformation and sustainability in smart manufacturing platforms. This collaboration aims to optimize global manufacturing processes, particularly in electronics, information and … Read the full press release

Taylor Swift’s Eras Tour: A £997m Economic Boost for the UK

(IN BRIEF) The highly anticipated Eras Tour by Taylor Swift is poised to inject a staggering £997 million into the UK economy, according to new data from Barclays. Swifties attending the tour are expected to spend an average of £848 … Read the full press release

Exploring Tomorrow’s Science: FCC Study Spotlighted at La Roche-sur-Foron Exhibition

(IN BRIEF) The Future Circular Collider (FCC) study was prominently featured at the International Fair of Haute-Savoie/Mont Blanc in La Roche-sur-Foron, captivating attendees with its innovative exhibits and presentations. The FCC aims to succeed the LHC at CERN and promises … Read the full press release

ANDRITZ Completes Acquisition of NAF AB, Expanding Control Valve Portfolio

(IN BRIEF) ANDRITZ, a global technology group, has finalized the acquisition of NAF AB’s business, bolstering its product range in process control and automation systems for pulp and paper mills and other industrial plants. This acquisition strengthens ANDRITZ’s Intelligent Instruments … Read the full press release

Unveiling Ancient Microbial Life: Iron-Sulfur Minerals as Signatures of Early Earth Bacteria

(IN BRIEF) Researchers from the Universities of Tübingen and Göttingen have uncovered potential biosignatures of early life on Earth by studying iron-sulfur minerals in hydrothermal vents, known as black smokers, deep in the ocean. These mineral formations, resembling spherical pyrite … Read the full press release

Kalmar Secures Order for Three Heavy Terminal Tractors from Uniport Livorno

(IN BRIEF) Kalmar, a part of Cargotec, has inked a deal with Uniport Srl. to provide three Kalmar TR618i heavy terminal tractors, marking a significant addition to Uniport Livorno’s fleet in the Port of Livorno, Italy. Scheduled for delivery in … Read the full press release

MAHLE Finalizes Sale of OEM Thermostat Business to ADMETOS, Ensuring Stable Transition

(IN BRIEF) MAHLE has successfully concluded the sale of its OEM thermostat business to ADMETOS, effective May 2, 2024. Under the new ownership, the thermostat segment will operate as BTT Solutions, with ADMETOS assuming control and responsibility for approximately 600 … Read the full press release

ITC Faculty Wins Geospatial World Awards Leadership Award for Research Excellence

(IN BRIEF) The Faculty Geo-Information Science and Earth Observation (ITC) at the University of Twente received the prestigious Geospatial World Awards Leadership Award for ‘Research, Science & Technology Institution of the Year’ at the Geospatial World Forum 2024 in Rotterdam. … Read the full press release

University of Liverpool and McMaster University Forge Strategic Partnership to Advance Collaborative Research

(IN BRIEF) The University of Liverpool and McMaster University have announced a strategic partnership aimed at fostering collaborative research and knowledge exchange. As part of this initiative, the universities have established a £300k/$500k seed fund to support joint projects in … Read the full press release

Vienna Insurance Group Strengthens Sustainability Commitments with Expanded Declarations and New Group Sustainability Office

(IN BRIEF) Vienna Insurance Group (VIG) reinforces its sustainability commitments by expanding its sustainability declarations in investment and underwriting and establishing its own “Group Sustainability Office” as part of the ongoing VIG 25 sustainability programme. The updated declarations outline stringent … Read the full press release

Henkel Showcases Next-Generation EV Battery Solutions at Battery Show Europe 2024

(IN BRIEF) Henkel, a leading partner in the automotive industry for designing and developing safer and more sustainable next-generation EV batteries, is gearing up to participate in the Battery Show Europe 2024 at Messe Stuttgart from June 18 to 20, … Read the full press release

Standard Chartered Leads Euro Settlement Revolution with Partior Blockchain Integration

(IN BRIEF) Standard Chartered has achieved a significant milestone by successfully conducting Euro-denominated cross-border transactions between Hong Kong and Singapore through Partior, the global unified ledger market infrastructure. As the first Euro settlement bank to go live on Partior, Standard … Read the full press release

Alstom Revamps c2c’s Class 357 Fleet with £8.8 Million Refurbishment Contract

(IN BRIEF) Alstom, a global leader in sustainable mobility, has clinched an £8.8 million contract with c2c, a passenger operator, for the refurbishment of its Class 357 Electrostar fleet. The contract entails the repair and repaint of 74 four-car units, … Read the full press release

Kerem Bugay Assumes Role of Managing Director at Alstom Türkiye, Pledging Rail Systems Advancement

(IN BRIEF) In a strategic move to bolster its operations in Türkiye, Alstom has appointed Kerem Bugay as the new Managing Director of Alstom Türkiye. With over two decades of leadership experience in the Middle East and Africa region, Kerem … Read the full press release

Eviden Unveils JARVICE™ AI: Streamlining AI Infrastructure Management

(IN BRIEF) Eviden, a business within the Atos Group specializing in advanced computing, has introduced JARVICE™ AI, a new software solution aimed at simplifying the management of AI infrastructure. JARVICE AI, an extension of Eviden’s existing JARVICE™ XE platform, offers … Read the full press release

ABB Ventures into AI-powered Energy Management with Ndustrial Investment

(IN BRIEF) ABB has announced a minority investment in Ndustrial, a US-based clean technology startup renowned for its AI-powered energy management platform. This strategic move aims to empower customers with real-time energy optimization, cost reduction, and accelerated decarbonization. Ndustrial’s innovative … Read the full press release

AF Energi og Miljø AS Expands Renewable Energy Portfolio with Acquisition of ETA Norge AS

(IN BRIEF) AF Energi og Miljø AS has finalized the acquisition of 70% of the shares in ETA Norge AS, a proficient bioenergy contractor. ETA Norge, established in 2023, specializes in delivering heating systems and providing project planning, installation, and … Read the full press release

Accenture Elevates Responsible AI Leadership with Appointment of Chief Officer

(IN BRIEF) Accenture has reinforced its commitment to responsible AI by appointing Arnab Chakraborty as its first Chief Responsible AI Officer. With over two decades of experience and a significant role in shaping AI governance, Chakraborty’s appointment signifies Accenture’s strategic … Read the full press release

Philips’ ‘Close to the Heart’ Campaign: Bridging Cardiology and Mountain Climbing for Exceptional Care

(IN BRIEF) Philips’ latest campaign, “Close to the Heart,” intertwines the narratives of interventional cardiologists and mountain climbers, epitomized by the inspiring journey of Dr. Qaisra Yasmin Saeed M.D. This campaign showcases the parallel challenges of both professions and highlights … Read the full press release

Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024

(IN BRIEF) Digi Communications NV reported a strong performance in Q1 2024, with consolidated revenues and other income rising by 12% year-on-year to EUR 446.7 million. The adjusted EBITDA (excluding IFRS 16 impacts) increased by 23.4% to EUR 139.9 million. … Read the full press release

Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group

(IN BRIEF) Digi Communications has announced the finalization of two export credit facilities agreements totaling EUR 117,158,657.37 by RCS & RDS S.A. (its subsidiary in Romania) and Digi Spain Telecom S.L.U. The agreements aim to finance the purchase of goods … Read the full press release

Equinor and Petoro Announce Strategic Asset Swap in Haltenbanken Area

(IN BRIEF) Equinor and Petoro have finalized a value-neutral asset swap agreement in the Haltenbanken area, aimed at optimizing ownership in key production hubs. Equinor will increase its stake in the Heidrun field and Noatun discovery while reducing ownership in … Read the full press release

Management Transition: Dr. Tanja zu Waldeck Leaves BurdaForward, Dr. Lydia Rullkötter Takes Over as Co-CEO

(IN BRIEF) Dr. Tanja zu Waldeck, CEO of BurdaForward, is set to leave the company at the end of July to join TX Group as Group COO. Her departure marks a management change at BurdaForward, with Dr. Lydia Rullkötter appointed … Read the full press release

EIF and Greek Government Launch €200 Million Equity Fund to Boost Innovation in Life Sciences and Sustainability Sectors

(IN BRIEF) Greek startups and SMEs in life sciences, healthcare, and sustainability sectors are set to receive a significant boost with the launch of a €200 million equity agreement managed by the EIF arm of the EIB Group. The agreement, … Read the full press release

Stellantis and Leapmotor Finalize Formation of Leapmotor International, Paving the Way for Global Expansion of EV Lineup

(IN BRIEF) Stellantis and Leapmotor have successfully completed the formation of Leapmotor International B.V., a joint venture led by Stellantis with a 51% stake, aimed at expanding the global reach of Leapmotor’s electric vehicle lineup. Spearheaded by CEO Tianshu Xin, … Read the full press release

Boliden Joins Ericsson and Telia’s NorthStar 5G Program for Advanced Mining Operations

(IN BRIEF) Boliden, a leading Swedish metals, mining, and smelting company, is partnering with Ericsson and Telia to enhance its mining operations through the NorthStar 5G innovation program. By upgrading its private 5G network in the Kankberg mine, Boliden aims … Read the full press release

ZF Introduces Innovative Employer Branding Metaverse for Talent Engagement

(IN BRIEF) ZF has unveiled its cutting-edge Employer Branding Metaverse, revolutionizing talent acquisition and engagement through immersive virtual experiences. This innovative platform allows candidates to explore ZF’s brand essence, corporate culture, and career opportunities in a dynamic virtual environment. Featuring … Read the full press release

Zalando Reorganizes Leadership for Enhanced E-commerce Ecosystem Strategy

(IN BRIEF) Zalando, Europe’s leading fashion and lifestyle e-commerce platform, is restructuring its management board to align with its updated strategy focusing on two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). Co-founder David Schneider transitions to a dedicated role focusing … Read the full press release

PSI Researchers Unlock Key Enzyme for Green Chemistry

(IN BRIEF) Scientists at the Paul Scherrer Institute (PSI) have made a groundbreaking discovery by precisely characterizing the enzyme styrene oxide isomerase, which holds immense potential for producing valuable chemicals and drug precursors in an environmentally sustainable manner. This enzyme, … Read the full press release

REPowerEU Marks Second Anniversary with New Wind Energy Initiatives

(IN BRIEF) Today marks the second anniversary of REPowerEU, the European Union’s response to Russia’s energy threat following the invasion of Ukraine. REPowerEU has significantly accelerated the deployment of wind energy across Europe, increasing its share in the electricity mix … Read the full press release

EIB and MicroBank’s €200 Million Boost to Spanish Entrepreneurs

(IN BRIEF) The European Investment Bank (EIB) and MicroBank have partnered to provide a €200 million loan, aimed at empowering small businesses and self-employed individuals in Spain. With MicroBank contributing an additional €100 million, this initiative seeks to address the … Read the full press release

EIF’s €200 Million Equity Mandate Boosts Greek Innovation and Sustainability

(IN BRIEF) The Hellenic Republic has entrusted the European Investment Fund (EIF) to manage €200 million from European structural funds and national resources to provide equity financing for Greek startups and SMEs in the life sciences, healthcare, and sustainability sectors. … Read the full press release

Eviden Launches BullSequana AI 600: Empowering Breakthroughs in AI Innovation with AMD Collaboration

(IN BRIEF) Eviden, in partnership with AMD, introduces the BullSequana AI 600, a new addition to its AI product lineup designed to support developers, data scientists, and researchers in achieving breakthroughs in innovation and computation. Featuring AMD Instinct™ MI300X accelerators … Read the full press release

JEDI Tops Green500 List: Leading the Charge in Energy-Efficient Supercomputing

(IN BRIEF) Forschungszentrum Jülich and EuroHPC Joint Undertaking, in collaboration with ParTec-Eviden, unveiled the first module of the exascale supercomputer JUPITER, named JEDI, at the International Supercomputing Conference. JEDI secured the top spot in the Green500 list for its exceptional … Read the full press release