(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
(IN BRIEF) BEW Berliner Energie und Wärme AG has renewed its partnership with Landis+Gyr for another four years, extending their 20-year collaboration. Landis+Gyr will supply ultrasonic heat meters, specifically the T550 (UH50) model, chosen through a Europe-wide tender. The T550 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged BEW Berliner Energie, Germany, Heat Meter Supply, Johannes M. Koch, Landis+Gyr, partnership, sustainability, Switzerland, Theresa Matthes, Wärme AG
(IN BRIEF) Unilever has sold its stake in Qinyuan Group, known for water purification solutions in China, to Yong Chao Venture Capital Co., Ltd. This move is part of Unilever’s Growth Action Plan to focus on higher-growth areas. Eduardo Campanella, … Read the full press release
Posted in Business, Commodities, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, CHINA, Eduardo Campanella, Mr. Ye Jianrong, partnership, Qinyuan Group, sustainability, Unilever, Yong Chao Venture Capital Co. Ltd.
(IN BRIEF) TotalEnergies and Casino Group have renewed their 20-year strategic partnership to supply over 1,000 service stations in France, effective October 1, 2024, for five years. The agreement involves Casino providing food products and essential items to TotalEnergies stations, … Read the full press release
(IN BRIEF) Art collective De Strakke Hand has finished a unique mural on Eneco’s new heat buffer in Rijnsweerd, Utrecht. Inspired by a 19th-century watercolour by J.W. Wisselingh, the design was selected with input from local residents to help the … Read the full press release
(IN BRIEF) Kübler Schwertransporte is transporting a decommissioned 350-tonne submarine, U17, to the Sinsheim Museum of Technology. The journey involves moving the submarine along waterways and roads using a 30-axle platform trailer pulled by a MAN TGX 41.680 8×6 truck. … Read the full press release
(IN BRIEF) International technology group ANDRITZ reported a stable performance in the first half of 2024 despite challenging economic conditions. Revenue decreased slightly by 3.0% to €3,986.6 million, while order intake dropped by 18.4% to €3,845.4 million due to fewer … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, economic, Financial, investment, Joachim Schönbeck
(IN BRIEF) The European Investment Bank (EIB) and Greece’s four systemic banks—Alpha Bank, National Bank of Greece, Eurobank, and Piraeus—have introduced a €700 million guarantee programme to support mid-cap businesses. This initiative aims to facilitate €1.4 billion in new financing … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Greece, Industrial, Investment, Luxembourg, News, Small Business
Tagged Alpha Bank, EIB, Eurobank, Greece, Mid-Caps, National Bank of Greece, Panagiotis Lymperopoulos, partnership, Piraeus, SMEs, sustainability, Theodore Tzouros, Vassilis Karamouzis, Yannis Emiris, Yannis Tsakiris
(IN BRIEF) The European Investment Bank (EIB) released its 2023 Sustainability Report, highlighting major achievements in climate action. EIB-financed projects are expected to cut greenhouse gas emissions by 5.2 million tonnes, equivalent to the carbon footprint of 520,000 European households. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged 2023 Sustainability Report, Ambroise Fayolle, Climate Achievements, EIB Group
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
(IN BRIEF) TAKKT has strengthened its resilience in the first half of 2024 by increasing its gross profit margin to 40.5% and streamlining cost structures, resulting in a slight increase in free cash flow to €25.6 million. Despite a 17.7% … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged Andreas Weishaar, economy, Financial, investment, Maria Zesch, resilience, retail, TAKKT
(IN BRIEF) In Q2 2024, Vossloh Group demonstrated strong performance with an 11.7% increase in orders received, totaling €769.6 million, and maintained stable EBIT at €49.5 million, slightly above last year’s €49.3 million. Despite a 6.6% decline in sales revenues … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, News, Technology
Tagged Financial, investment, Oliver Schuster, Vossloh Group
(IN BRIEF) TeamViewer has been recognized as the Best-in-Class solution for Open Digital Platforms for Connected Workers (AR) by PAC Innovation Radar 2024. The accolade highlights TeamViewer’s prowess in implementing AR solutions, particularly in manual order picking with smart glasses, … Read the full press release
Posted in Awards, Germany, Industrial, Management, News, Technology
Tagged AR Connected Worker Platforms, Arnold Vogt, Awards, leadership, Market leader, Mei Dent, PAC Innovation Radar 2024, TeamViewer
(IN BRIEF) The European Investment Bank (EIB) has provided a €390 million loan to Greek energy supplier DEPA Commercial SA to build and operate solar-energy farms in Greece. This loan supports DEPA’s €500 million renewable energy investment plans, with new … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged DEPA Commercial, EIB, Greece, Ioannis Papadopoulos, Ioannis Tsakiris, Konstantinos Xifaras, Kostis Hatzidakis, Large-Scale Solar Projects, partnership, sustainability, Theodoros Skylakakis
(IN BRIEF) Paris 2024 has revealed a special edition medallist mascot that will be presented to all Olympic and Paralympic Games medallists. This tradition will continue with the distribution of the mascot and the Games’ Iconic Poster. The mascots, designed … Read the full press release
Posted in Business, Entertainment, Financial, France, Government, Industrial, Investment, Management, Marketing, Media, News, Sports
Tagged Doudou & Compagnie, Games Medallists, marketing, Mascot, Paris 2024, partnership, Poster, sports
(IN BRIEF) MCNEX, a Korean automotive technology company specializing in cameras, sensors, and software for vehicles, has been awarded the Cybersecurity Management System Certification by DNV. This certification, based on the ISO/SAE 21434 standard, ensures that MCNEX’s technology meets international … Read the full press release
Posted in Automotive, Awards, Business, Energy, Gas & Oil, Financial, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology
Tagged Awards, DNV, ISO/SAE 21434 Certification, KOREA, MCNEX, Min Dong-wook, Percy Lakdawalla, SECURITY, Vehicle Cybersecurity
(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Norway
Tagged carbon capture, DNV, European Commission, Jamie Burrows, Netherland, Norway, partnership, Prajeev Rasiah, Storage Guidance Documents, sustainability
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