Daily Archives: 18, June 2024

SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and … Read the full press release

Drone-Powered 5G Connectivity Enables Remote Control of Forestry Machines in Sweden’s Forests

(IN BRIEF) In a pioneering collaboration involving several organizations including Telia, Ericsson, and Volvo CE, supported by Vinnova, a successful test was conducted using a drone equipped with a portable mobile base station to provide 5G connectivity in remote forest … Read the full press release

CEB and HOWOGE Partner to Boost Affordable Housing in Berlin with €100 Million Loan

(IN BRIEF) The Council of Europe Development Bank (CEB) and HOWOGE, Berlin’s municipal housing company, have finalized a €100 million loan agreement aimed at constructing more than 1,000 new residential units in Berlin. This collaboration, the first of its kind … Read the full press release

WACKER Unveils Advanced Silicone Solutions for Battery Safety and Efficiency at Battery Show Europe 2024

(IN BRIEF) WACKER, a Munich-based chemical company, is set to unveil its latest silicone innovations at Battery Show Europe 2024 in Stuttgart. The focus will be on ELASTOSIL® CM 185, a new silicone rubber compound designed for battery safety in … Read the full press release

Allianz Trade and BPL Revolutionize Insurance Enquiry Processing with Digital Integration

(IN BRIEF) Allianz Trade and BPL have launched a pioneering collaboration aimed at streamlining the processing of bank non-payment insurance enquiries. Utilizing API integration via Verisk’s Whitespace platform, the initiative eliminates manual data entry inefficiencies and enhances data security. This … Read the full press release

Equinor Expands Onshore Renewables Footprint in Poland with Lipno Solar Plant

(IN BRIEF) Equinor has commenced test production at its third solar plant in Poland, Lipno, marking a significant milestone in expanding its onshore renewables portfolio in the region to approximately 200 MW. This development underscores Equinor’s commitment to strengthening its … Read the full press release

Hexagon Strengthens AECO Portfolio with Acquisition of Voyansi

(IN BRIEF) Hexagon, a global leader in digital reality solutions, has acquired Voyansi, a provider specializing in BIM and VDC solutions for the AECO industry. This acquisition aims to enhance Hexagon’s offerings in reality capture and construction digitization, enabling advanced … Read the full press release

BASF and WHW Recycling Forge Partnership to Enhance Battery Recycling in Europe

(IN BRIEF) BASF and WHW Recycling have formed a strategic partnership aimed at enhancing the sustainability of battery cell production in Europe. WHW Recycling will operate two new separation plants in Baudenbach, Germany, by year-end to process cathode and anode … Read the full press release

EURENCO and Thales Forge Strategic Partnership to Enhance Defense Supply Chains at EUROSATORY 2024

(IN BRIEF) EURENCO and Thales have announced a strategic partnership at EUROSATORY 2024 to enhance their supply chains for critical energy materials and components. This agreement ensures a secure procurement of materials such as powders and explosives essential for guided … Read the full press release

EY Highlights Battery Storage’s Role in Global Energy Transition, Identifies Top Investment Markets

(IN BRIEF) EY’s latest Renewable Energy Country Attractiveness Index (RECAI 63) underscores the critical role of battery energy storage systems (BESS) in addressing global energy challenges amid substantial clean energy investments. The index identifies the US, China, and the UK … Read the full press release

EY Implements Microsoft Dynamics 365 Sales Globally, Aiming for 100,000 Users by 2025

(IN BRIEF) EY has launched a global deployment of Microsoft Dynamics 365 Sales and Copilot for Sales across its organization, aiming to reach 100,000 professionals in 700 offices across 150 countries by January 2025. This initiative positions EY as one … Read the full press release

Sweden’s Forsmark and Ringhals Nuclear Plants Extend Reactor Lifespan to Boost Fossil-Free Electricity Supply

(IN BRIEF) The owners of Sweden’s Forsmark and Ringhals nuclear power plants have decided to extend the operational life of their reactors from 60 to 80 years. This initiative aims to increase the production of fossil-free electricity into the 2060s, … Read the full press release

L3Harris Partners with Accenture to Accelerate Technology Modernization and Digital Transformation

(IN BRIEF) L3Harris Technologies has entered into a strategic partnership with Accenture to accelerate its technology modernization efforts through the LHX NeXt initiative. This collaboration aims to establish a robust digital foundation, optimize operational efficiencies, and foster future growth. Accenture … Read the full press release

AFRY Launches Initiative to Advance Gravity Based Foundations for Offshore Wind in Northern Baltic Sea

(IN BRIEF) AFRY has launched a Joint Industry Project (JIP) focused on Gravity Based Foundations (GBFs) for offshore wind energy in the Northern Baltic Sea. Recognizing the region’s potential to generate over 100 GW of offshore wind power by 2050, … Read the full press release

Shell to Enhance LNG Leadership with Pavilion Energy Acquisition from Temasek Subsidiary

(IN BRIEF) Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a subsidiary of Temasek. This acquisition includes Pavilion Energy’s global LNG trading business, which handles … Read the full press release

EIB Global Invests $50 Million in Climate-Resilient Bridges to Enhance Rural Connectivity in Papua New Guinea

(IN BRIEF) EIB Global has invested $50 million to construct nine climate-resilient bridges across East Sepik and Madang provinces in Papua New Guinea, as part of the Bridge Replacement for Improved Rural Access project. This initiative, co-financed by the Asian … Read the full press release

Thiess Secures Four-Year Contract Extension with BHP Mitsubishi Alliance

(IN BRIEF) Thiess, a prominent global mining services provider, has secured a substantial four-year contract extension with BHP Mitsubishi Alliance (BMA) for operations at the Caval Ridge mine in Queensland, Australia. Valued at $580 million, the contract reaffirms Thiess’ role … Read the full press release

PUMA Teams Up with Rosé of BLACKPINK to Redefine Classic Style and Culture

(IN BRIEF) PUMA has announced a new partnership with Rosé from BLACKPINK, one of K-pop’s most influential groups. As PUMA’s newest ambassador, Rosé will collaborate on global campaigns and the “Rewrite the Classics” initiative, focusing on iconic PUMA styles. Her … Read the full press release

PUMA Launches CLOUDSPUN Collection: Elevating Comfort and Performance in Athletic Wear

(IN BRIEF) PUMA has launched its CLOUDSPUN Collection, featuring innovative athletic wear known for its ultra-soft fabric and advanced performance features such as moisture-wicking and 4-way stretch. The collection includes a range of men’s and women’s apparel designed for comfort … Read the full press release

Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence

(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems … Read the full press release

Rolls-Royce Power Systems Introduces Advanced Military Vehicle Propulsion Innovations at Eurosatory

(IN BRIEF) Rolls-Royce’s Power Systems division has unveiled innovative advancements in military vehicle propulsion at the Eurosatory defense trade fair. They introduced a hybrid powerpack and a new 10-cylinder variant of the mtu Series 199 engine, designed to enhance tactical … Read the full press release