(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
(IN BRIEF) BASF SE reported its Q2 2024 results, showing steady EBITDA despite challenging market conditions. The company’s sales reached €16.1 billion, down from €17.3 billion last year due to lower prices and currency effects. EBITDA before special items remained … Read the full press release
Posted in Business, Chemicals, Economy, Financial, Germany, Industrial, Investment, Management, News
Tagged BASF, Financial, investment
(IN BRIEF) Eni reported strong growth and strategic progress in Q2 2024, achieving an adjusted net profit of €1.5 billion. Key achievements include a 6% year-on-year increase in oil and gas production, significant portfolio upgrades, and advancements in transition businesses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Italy, Management, News
Tagged Claudio Descalzi, Eni, Financial, Giuseppe Zafarana, investment
(IN BRIEF) PETRONAS, Enilive, and Euglena have made a final investment decision to develop a biorefinery at PETRONAS’ Pengerang Integrated Complex in Johor, Malaysia. Set to be operational by the second half of 2028, the biorefinery will produce Sustainable Aviation … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Ahmad Adly Alias, biofuel production, biorefinery, Eni, Enilive, Euglena, investment, Japan, Malaysia, Mitsuru Izumo, partnership, PETRONAS, Renewable Diesel/Hydrogenated Vegetable Oil (HVO), Stefano Ballista, sustainability, sustainable aviation fuel (SAF)
(IN BRIEF) The European Investment Bank (EIB) has provided a €430 million loan to Adif Alta Velocidad (Adif AV) for the construction of the “Y vasca” high-speed rail line connecting Vitoria/Gasteiz, Bilbao, and Donostia/San Sebastián in Spain’s Basque Country. This … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged Adif Alta Velocidad (Adif AV), Basque, EIB, High-Speed Rail Project, partnership, Ricardo Mourinho Félix, Spain, sustainability, Trans-European Transport Network (TEN-T), Y vasca
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