(IN BRIEF) AUTO1 Group SE, a leading European digital automotive platform, reported record-breaking results in Q2 2024. Key highlights include a 17% increase in units sold (166,292), a 36% rise in gross profit (€173.3 million), and the highest adjusted EBITDA … Read the full press release
Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged AUTO1 Group, Christian Bertermann, Financial, investment, Markus Boser
(IN BRIEF) Delivery Hero SE has announced the merger of its food delivery businesses, foodora, Yemeksepeti, and foodpanda, to boost operational efficiency and business leverage across Europe and Asia. The new organization, led by Tareq Barto, aims to unlock synergies … Read the full press release
Posted in Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Technology
Tagged acquisition, Asian, Delivery Hero, European, foodora, foodpanda, operations, partnership, sustainability, Tareq Barto, Yemeksepeti
(IN BRIEF) KION Group reported a significant increase in profitability for the first half of 2024, with revenue rising by 2% to €5.736 billion and adjusted EBIT improving by 28% to €447 million. The company saw improvements in both its … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, KION Group, profitability, Rob Smith
(IN BRIEF) Encavis Asset Management AG and Commerzbank AG have secured project financing for the Bartow solar project, set to be Germany’s second-largest solar park with a capacity of 260 MW. Located in Mecklenburg-Western Pomerania, the project is part of … Read the full press release
(IN BRIEF) Elmos Semiconductor SE is celebrating its 40th anniversary this year, marking four decades of innovation and growth in the automotive mixed-signal semiconductor industry. Founded in 1984 in Dortmund by Prof. Dr. Günter Zimmer, Dr. Klaus Weyer, and Norbert … Read the full press release
(IN BRIEF) Vossloh is set to acquire Sateba Group, enhancing its rail infrastructure capabilities and expanding its European market presence. The €450 million deal, expected to close by spring 2025, will boost Vossloh’s annual sales and align with its sustainability … Read the full press release
(IN BRIEF) Schaeffler’s TriFinity™ wheel bearing has been nominated for the Automechanika Frankfurt 2024 Innovation Award in the “Parts and Innovative Technologies” category. This unique three-row ball bearing is designed for both electric and conventional vehicles, offering reduced friction, increased … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has initiated a €5 billion program to support the wind energy sector, starting with a €500 million counter-guarantee to Deutsche Bank. This will enable Deutsche Bank to issue up to €1 billion in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alexander von zur Muehlen, Deutsche Bank, EIB, Germany, Maroš Šefčovič, Nicola Beer, partnership, sustainability, wind energy
(IN BRIEF) Kuehne+Nagel and Mercedes-Benz have successfully reduced CO2 emissions by approximately 11,000 tonnes over the past year through the use of Sustainable Aviation Fuel (SAF) for air freight transport. This strategic partnership involves using SAF on Kuehne+Nagel’s Boeing 747-8F … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged CO2 emissions, Heiko Schuhmacher, Jörg Burzer, Kuehne+Nagel, Mercedes-Benz, partnership, sustainability, sustainable aviation fuel
(IN BRIEF) Skanska has signed a PLN 272 million (approximately SEK 720 million) contract with PKP Polish Railway Lines S.A. to modernize the Limanowa train station in southern Poland. The project includes upgrading a 3.5-kilometer railroad stretch, rebuilding the station, … Read the full press release
(IN BRIEF) Experian has partnered with World and Paralympic Champion Kadeena Cox to promote the Experian Support Hub, a service designed to improve accessibility to essential services for individuals with support needs. Through a series of videos, Cox will highlight … Read the full press release
Posted in Business, Financial, Healthcare, Industrial, Investment, Ireland, Management, News, Sports, Technology
Tagged Accessibility Needs, Experian, Jose Luiz Rossi, Kadeena Cox, multiple sclerosis (MS), partnership, Support Hub
(IN BRIEF) Experian’s latest data reveals a 31% increase in beauty salons and a 16% rise in dental surgeries on UK high streets over the past five years, driven by the influence of reality TV shows like Love Island. A … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, News, Technology, United Kingdom
Tagged Beauty Salons, Dental Surgeries, Dr. Ed Robinson, Experian, John Webb, Love Island, Malin Andersson, partnership, Reality TV Influence, UK
(IN BRIEF) FLSmidth has secured a DKK 340 million order to supply nine thickeners and six filters for a new lithium project in Nevada, USA. Scheduled for delivery in 2025/2026, the equipment will enhance lithium supply for electric vehicle batteries, … Read the full press release
Posted in Automotive, Business, Chemicals, Denmark, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Chris Reinbold, EV Battery Production, FLSmidth, Lithium Project, Nevada, partnership, sustaianability, USA
(IN BRIEF) Stellantis Pro One has become the market leader in commercial vehicles across Europe 30, South America, and the Middle East & Africa in the first half of 2024. The company achieved notable growth with new product launches like … Read the full press release
Posted in Automotive, Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Technology, Transportation & Logistics
Tagged Commercial Vehicle Markets, Innovative Product Lineup, leadership, Stellantis, Stellantis Pro One, Xavier Peugeot
(IN BRIEF) AkzoNobel’s Resicoat brand has developed a new powder coating technology for electric vehicle (EV) battery systems that enhances electrical protection with a single spray application. This innovation meets the growing demand for higher dielectric strength in the EV … Read the full press release
Posted in Automotive, Business, Chemicals, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Security & Safety, Technology
Tagged AkzoNobel, efficiency, EV battery systems, Jeff Jirak, Resicoat, safety, Single-Spray Powder Coating
(IN BRIEF) SAP SE has announced that Executive Board Members Scott Russell and Julia White will be stepping down, effective August 31, following a mutual agreement with the SAP Supervisory Board. Scott Russell, Chief Revenue Officer, has significantly contributed to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Germany, Industrial, Management, News, Technology
Tagged AI, appointment, Christian Klein, Julia White, leadership, Pekka Ala-Pietilä, SAP SE, Scott Russell, Suite Integration
(IN BRIEF) The European Investment Bank (EIB) is providing €20 million in venture debt financing to German medical technology company Protembis for the development of their “ProtEmbo” cerebral embolic protection system. This device aims to reduce the risk of brain … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Science, Technology
Tagged Brain Protection Technology, Conrad Rasmus, EIB, Germany, Heart Treatments, Karl von Mangoldt, Nicola Beer, partnership, Protembis, sustaianability
(IN BRIEF) The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and the Sunprime Group have signed a project finance operation worth €204 million to support the construction of over 100 photovoltaic plants across Italy, with a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Antonio Mazzitelli, EIB, Gelsomina Vigliotti, Italy, Natixis, partnership, photovoltaic project, Stefano Mazza, Sunprime, sustaianability
(IN BRIEF) The European Investment Bank (EIB) is providing €1 billion in loans to support the purchase of up to 90 advanced suburban trains for the Rhineland region in Germany, encompassing Cologne and Düsseldorf. These modern Alstom trains, set to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged EIB, Germany, go.Rheinland, Michael Vogel, Nicola Beer, Oliver Wittke, partnership, Rhineland Public Transport, sustainability, trains, Verkehrsverbund Rhein-Ruhr (VRR)
(IN BRIEF) Roland Berger’s net-zero emissions reduction target has been approved by the Science Based Targets initiative (SBTi). The consultancy aims to achieve net-zero greenhouse gas emissions across its value chain by 2040, aligning with the Paris Climate Agreement. The … Read the full press release
(IN BRIEF) ING has appointed Daniele Tonella as its new Chief Technology Officer (CTO) and member of the Management Board Banking, effective August 5, 2024. Tonella, who has over 20 years of experience in technology leadership roles within the financial … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News, Technology
Tagged appointment, Chief Technology Officer, Daniele Tonella, ING, leadership, Marnix van Stiphout, Steven van Rijswijk
(IN BRIEF) TotalEnergies is withdrawing from South Africa’s offshore Block 11B/12B and Block 5/6/7 due to economic viability challenges, following the exit of partner CNRI. Despite significant gas discoveries in Block 11B/12B, the company decided it is not feasible to … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Offshore Blocks, partnership, South Africa, TotalEnergies, Withdrawal
(IN BRIEF) Henkel has launched Bonderite M CR 1405, a RoHS-compliant product that integrates metal passivation and pretreatment into a single step, enhancing efficiency and sustainability in color coating processes. This innovation reduces energy and water consumption by eliminating the … Read the full press release
Posted in Business, Environment, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Bonderite M CR 1405, Henkel, Metal Treatment, sustainability, Volker Mansfeld
(IN BRIEF) Roche has completed the acquisition of LumiraDx’s Point of Care technology after receiving all necessary antitrust and regulatory clearances. This addition enhances Roche’s diagnostics portfolio with an advanced multi-assay platform that consolidates a wide range of tests, including … Read the full press release
Posted in Business, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Switzerland, Technology
Tagged acquisition, Global Diagnostic Capabilities, LumiraDx’s Point of Care Technology, Matt Sause, partnership, Roche, sustainability, Veronique Ameye
(IN BRIEF) Continental has launched Tough RuNR air springs, which significantly reduce CO2 emissions by using a new compound of natural rubber and ethylene-propylene-diene rubber (EPDM) instead of synthetic rubber. This innovation, to be showcased at the IAA Transportation 2024 … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Continental, Dr. Kevin Borck, eco-friendly, Marc Leinemann, sustainability, Tough RuNR Air Springs
(IN BRIEF) GreenPowerMonitor (GPM), a DNV company, has launched an advanced Energy Management System (EMS) designed to enhance the operational efficiency of renewable power plants. The new EMS supports the significant growth in renewable energy capacity, which saw a 50% … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, News, Norway, Spain, Technology
Tagged DNV, GreenPowerMonitor Energy Management System, Juan Carlos Arévalo, partnership, Renewable Power Plant, Spain, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested $40 million in Georgia Global Utilities’ (GGU) second green Eurobond issuance, which totals $300 million. This funding aims to improve Tbilisi’s water infrastructure. The issuance is also backed … Read the full press release
(IN BRIEF) NatWest Group has announced the acquisition of a £2.5 billion portfolio of prime residential mortgages from Metro Bank, which will add around 10,000 new customer accounts to NatWest. These accounts will continue to be serviced by Metro Bank … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged acquisition, Metro Bank, NatWest Group, partnership, Paul Thwaite, sustainability
(IN BRIEF) Barco’s permit for a 4.5MW wind turbine at its Kortrijk site was annulled by the Council for Permit Disputes, which cited a need for more thorough examination and justification by the Flemish Government. Despite the setback, Barco is … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Law, Management, News, Technology
Tagged Barco, Belgium, Kurt Verheggen, Minister Demir, Permit, wind turbine
(IN BRIEF) The Golubinja tunnel, the longest road tunnel in Bosnia and Herzegovina at 3.6 kilometers, has reached a significant milestone with the breakthrough of its left stretch. Part of the Poprikuše – Nemila motorway on the Pan-European Corridor Vc, … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Adebayo Babajide, Andrijana Katić, Asim Cengiz, Bosnia and Herzegovina, construction, Denis Lasić, EIB, Golubinja tunnel, Longest Road Tunnel, partnership, Prime Minister Nermin Nikšić, Sandrine Friscia, sustainability
(IN BRIEF) Gasum, a leading Nordic energy company, has ceased all LNG purchases from Russia following the EU’s 14th sanctions package, which prohibits the import of Russian LNG through EU terminals not connected to the EU gas network. Effective from … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Law, Management, News, Politics, Russia
Tagged EU Sanctions, Gasum, LNG Purchases, partnership, RUSSIA, sustainability
(IN BRIEF) Symrise has launched a Digital Immersion Co-Creation Center in Singapore, starting operations in Q3 2024. This high-tech facility integrates digital technology with market, consumer, and sensory insights to drive innovation in food and beverage development. The center features … Read the full press release
(IN BRIEF) ZF Friedrichshafen AG is realigning its structures to enhance competitiveness, focusing on Commercial Vehicle Technology, Chassis Solutions, Industrial Technology, and Aftermarket divisions. The restructuring will consolidate German locations, resulting in a gradual reduction of 11,000 to 14,000 jobs … Read the full press release
(IN BRIEF) Juwi GmbH has sold a 267 MW photovoltaic portfolio in Greece to Foresight and Mirova, marking the largest project in its history. Juwi will serve as the EPC and O&M contractor, with construction starting in August 2024. This … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Diomidis Dorkofikis, foresight, Greece, Helene Dimitracopoulos, Juwi GmbH, Mirova, partnership, PV Portfolio, Stephan Hansen, sustainability, Takis Sarris
(IN BRIEF) INEOS Inovyn, Europe’s leading PVC producer, is partnering with Daimler to trial the Mercedes-Benz GenH2 hydrogen trucks, aiming to enhance heavy-duty transport’s sustainability. Over the next 12 months, INEOS will make around 250 deliveries using these trucks in … Read the full press release
Posted in Belgium, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Netherlands, News, Technology, Transportation & Logistics, United Kingdom
Tagged Belgium, Daimler Trucks, Germany, INEOS, INEOS Inovyn, Mercedes-Benz GenH2 hydrogen trucks, partnership, sustainability, the Netherlands, Wouter Bleukx, Zero-Emission Transport
(IN BRIEF) BBVA has been named the World’s Best Corporate Bank 2024 by Global Finance magazine, marking the fourth time and second consecutive year it has received this honor. The award recognizes BBVA’s strong performance, reputation, and management excellence. BBVA … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Technology
Tagged Awards, BBVA, Financial, Global Finance magazine, INNOVATION, investment, Joseph D. Giarraputo, Outstanding Performance, sustainability, World's Best Corporate Bank 2024
(IN BRIEF) Rheinmetall has been awarded a mid double-digit million euro contract by the Swiss Confederation to produce and supply 81mm mortar cargo ammunition, including MX2-KM mortars and cartridges for illumination and smoke discharge. Manufacturing will be handled by Rheinmetall … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Switzerland, Technology
Tagged Mortar Ammunition, MX2-KM mortar system, partnership, Rheinmetall, Rheinmetall EXPAL Munitions SA, Rheinmetall Waffe Munition GmbH, Swiss Armed Forces, Switzerland
(IN BRIEF) At the Farnborough Airshow, MTU Aero Engines secured approximately $800 million in orders, highlighting the strong demand for Pratt & Whitney’s GTF engines for the A320neo and GE9X engines for the Boeing 777X. Major orders included Avolon’s purchase … Read the full press release
Posted in Aviation & Aerospace, Business, Entertainment, Environment, Financial, Germany, Government, Industrial, Investment, Management, Media, News, Technology, United Kingdom
Tagged Airbus, Boeing 777-9 aircraft, EVA Air, Farnborough Airshow, IAG, Japan Airlines, MTU Aero Engines, partnership, Qatar Airways, sustainability
(IN BRIEF) METRO has decided to shut down METRO Advertising GmbH as part of its strategic focus on its sCore wholesale strategy. This decision affects 67 employees in Germany and Poland, with business activities ceasing by the end of 2024. … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Germany, Government, Industrial, Investment, Management, Marketing, News, Poland, Technology
Tagged Germany, Guillaume Deruyter, METRO Advertising GmbH, METRO AG, Poland, Wholesale Strategy
(IN BRIEF) Bosch and Ducati have co-developed a new electronic Combined Brake System (eCBS) designed for racetrack performance, which will debut on the new Ducati Panigale V4 at World Ducati Week 2024. The advanced eCBS technology, which integrates data from … Read the full press release
Posted in Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Italy, Management, News, Technology, Transportation & Logistics
Tagged Alessandro Valia, Bosch, Ducati, Ducati Panigale V4, electronic Combined Brake System (eCBS), Fevzi Yildirim, partnership, performance, Racetrack Excellence, safety, sustainability, World Ducati Week 2024
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