Daily Archives: 13, August 2024

Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary

(IN BRIEF) Digi Communications N.V. announced that on 12 August 2024, it granted 70,000 conditional Class B stock options to a director of its Romanian subsidiary, Digi Romania S.A. This grant is part of a stock option program approved by … Read the full press release

EBRD Backs Nova Post’s Expansion with €70 Million Loan to Boost Ukraine’s Delivery Services Amid Wartime Challenges

(IN BRIEF) The EBRD is lending €70 million to Ukraine’s Nova Post to support its 2024 expansion plans, which include enhancing delivery services and building over 600 bomb shelters. The loan will help Nova Post maintain operations during wartime, support … Read the full press release

Voith and Navigator Paper Setúbal Achieve Milestone with Implementation of Seamed Felts on PM 1 and PM 3

(IN BRIEF) Voith has successfully implemented its Infinity S seamed felts on Navigator Paper Setúbal’s PM 1 and PM 3 machines, marking a significant achievement in the paper industry. This transition, resulting from a three-year collaboration, enhances safety, reduces felt … Read the full press release

Infineon Expands Bluetooth Portfolio with Eight New Products in AIROC CYW20829 MCU Family for Diverse Applications

(IN BRIEF) Infineon Technologies has expanded its Bluetooth portfolio with eight new products in the AIROC CYW20829 Bluetooth Low Energy 5.4 MCU family. These new offerings, optimized for industrial, consumer, and automotive applications, provide highly integrated solutions that reduce costs … Read the full press release

Enhertu Gains Conditional Approval in China for Advanced HER2-Positive Gastric Cancer Treatment

(IN BRIEF) AstraZeneca and Daiichi Sankyo’s Enhertu has received conditional approval in China for treating locally advanced or metastatic HER2-positive gastric cancer, following promising results from the DESTINY-Gastric06 trial. This marks the third approval for Enhertu in China in less … Read the full press release

WinGD and CMA CGM to Trial Groundbreaking Variable Compression Ratio Technology on Dual-Fuel Vessel

(IN BRIEF) WinGD is collaborating with CMA CGM to conduct the first real-world trial of its Variable Compression Ratio (VCR) technology on a dual-fuel vessel. This innovative technology, which dynamically adjusts the compression ratio in response to fuel type and … Read the full press release

NORMA Group Maintains Robust Profitability Amid Market Challenges, Announces Supervisory Board Nomination

(IN BRIEF) NORMA Group reported strong profitability in Q2 2024, despite a challenging market environment, with adjusted EBIT at EUR 26.1 million and a slightly improved margin of 8.5%. The company saw growth in its water management solutions but faced … Read the full press release

Schindler Olayan to Equip The Avenues – Riyadh with 293 Elevators and Escalators in Landmark Development

(IN BRIEF) Schindler Olayan will supply 293 elevators, escalators, and moving walks to The Avenues – Riyadh, a vast new multi-purpose development in Saudi Arabia’s capital. This project, featuring the Middle East’s largest commercial mall and five multipurpose towers, will … Read the full press release

Sika Doubles Production Capacity at Indonesia’s Largest Mortar Plant to Meet Growing Market Demand

(IN BRIEF) Sika has doubled the production capacity at its Bekasi plant, Indonesia’s largest facility for mortars, to meet the rising demand from infrastructure and building projects. This expansion, along with an increase in distribution points across the country, positions … Read the full press release

BBVA Expands AI Factory to Mexico and Türkiye, Doubling Workforce to Drive Global AI Innovation

(IN BRIEF) BBVA’s AI Factory has expanded to Mexico and Türkiye, doubling its workforce to over 400 AI experts. This expansion aims to accelerate the development of AI solutions to improve customer experiences and optimize internal processes. The AI Factory … Read the full press release

Empa’s Open Lab Day Offers Public a Hands-On Experience with Pioneering Scientific Research

(IN BRIEF) Empa’s Open Lab Day on September 14, 2024, at their Dübendorf research campus will offer the public a unique opportunity to explore cutting-edge materials science through interactive exhibits, demonstrations, and tours. The event will cover themes like energy … Read the full press release

ÖBB Rail Cargo Group Enhances European Logistics Network with New Salzburg–Augsburg Rail Link

(IN BRIEF) ÖBB Rail Cargo Group (RCG) has introduced a new TransFER route connecting Salzburg, Austria, with Augsburg, Germany, to enhance the logistics chain across Central and South-Eastern Europe. The service operates two round trips weekly, offering direct, non-stop transport … Read the full press release

MAHLE Unveils Bionic Fan Innovation at IAA 2024: A Quieter, More Efficient Solution for Electric and Fuel Cell Vehicles

(IN BRIEF) MAHLE is introducing a bionic high-performance fan at the IAA Transportation 2024, inspired by owl wings to reduce noise by up to 4 dB(A) in electric and fuel cell vehicles. The fan is 10% more efficient and 10% … Read the full press release

Kapsch TrafficCom Expands Inclusive AI Initiative to Chile, Leveraging Unique Skills for Competitive Advantage

(IN BRIEF) Kapsch TrafficCom is expanding its AI annotation initiative to Chile, building on a successful program in Vienna, Austria, where individuals with autism are employed to train AI systems for traffic management. The Chilean team will join the global … Read the full press release

Škoda Auto Strengthens Support for LGBTQ+ Rights with Ongoing Prague Pride Partnership

(IN BRIEF) Škoda Auto continued its commitment to diversity and inclusion by partnering with the Prague Pride Festival for the third year in a row. The festival, themed around ‘Family,’ featured active participation from Škoda employees and highlighted the company’s … Read the full press release

Philips and Isala Hospital Extend Partnership to Boost Healthcare Innovation and Sustainability

(IN BRIEF) Philips and Isala Hospital have renewed their strategic partnership to enhance healthcare delivery through advanced technology, focusing on radiology and cardiology. The collaboration, which began in 2012, will continue for five years with an option to extend. The … Read the full press release

TUM’s Innovative Software Boosts German Beach Volleyball Team to Olympic Silver

(IN BRIEF) The Technical University of Munich (TUM) played a key role in helping the German beach volleyball team of Nils Ehlers and Clemens Wickler secure a silver medal at the Paris Olympics. The team’s success was supported by innovative … Read the full press release

University of Warwick and RFU Launch Innovative Partnership to Promote Women’s Rugby

(IN BRIEF) The University of Warwick and the Rugby Football Union (RFU) have launched a Knowledge Transfer Partnership (KTP) aimed at promoting women’s rugby in England through sociolinguistic insights. The initiative will explore how the language used by rugby coaches … Read the full press release

Successful voestalpine Cares Run Raises €700,000 for Charitable Initiatives

(IN BRIEF) The recent voestalpine cares run has successfully raised €700,000 for various charitable initiatives, building on last year’s inaugural event. With over 5,700 employees from more than 40 countries participating in physical activities like running and hiking, the campaign … Read the full press release

RWE Launches Pilot Electrolyser Plant in Lingen to Advance Green Hydrogen Production

(IN BRIEF) RWE has inaugurated a pilot electrolyser plant in Lingen, Germany, aimed at advancing green hydrogen production. The 14-megawatt facility, which can generate up to 270 kilograms of green hydrogen per hour using renewable energy, will provide insights for … Read the full press release

RWE Achieves Major Milestone in Offshore Wind Energy with Successful Auction

(IN BRIEF) RWE has successfully secured two offshore wind sites in the German North Sea, N-9.1 and N-9.2, with a total capacity of 4 gigawatts, during a recent federal auction. The company will pay €250 million for these sites, located … Read the full press release

Review Highlights Failures in Child Imprisonment Reforms in England

(IN BRIEF) A major review involving research from the University of Liverpool has revealed significant failings in child imprisonment reforms in England over the past 25 years. Titled Why Child Imprisonment is Beyond Reform: A Review of the Evidence, the … Read the full press release

New Anatomy Training Facilities Under Construction at University of East Anglia

(IN BRIEF) The University of East Anglia (UEA) has begun construction on a new state-of-the-art Anatomy Suite, set to enhance training for healthcare professionals. Located next to the Norfolk and Norwich University Hospital, the two-storey facility will offer 390 square … Read the full press release

Vestas Updates Financial Outlook for 2024 Amid Adjustments in Service Costs

(IN BRIEF) Vestas Wind Systems A/S has revised its financial outlook for 2024, now projecting revenue between EUR 16.5 billion and EUR 17.5 billion, down from EUR 16 billion to EUR 18 billion. The expected EBIT margin before special items … Read the full press release

Outokumpu Expands Metal Powder Production with New Collaborations and Publicly Funded Projects

(IN BRIEF) Outokumpu is advancing its entry into the metal powder market for additive manufacturing, transitioning to commercial production after a successful pilot year at its Krefeld facility in Germany. The company aims to produce up to 330 tons of … Read the full press release

Webuild Launches Campaign to Inspire Women and Youth Through Sports Champions

(IN BRIEF) Webuild has launched a new communication campaign titled “We Dream, We Build, We Win,” featuring Italian sports champions to inspire women and youth. The campaign highlights themes of teamwork, commitment, and resilience, showcasing the journeys of athletes alongside … Read the full press release

TotalEnergies Begins Production at Anchor Field in the Gulf of Mexico

(IN BRIEF) TotalEnergies has commenced production at the Anchor field in the US Gulf of Mexico, where it holds a 37.14% interest alongside operator Chevron. The project, which began development in December 2019, features subsea wells connected to a semi-submersible … Read the full press release

Amazon and Barclays Unveil Co-Branded Credit Card Offering Rewards for Everyday Spending

(IN BRIEF) Amazon and Barclays have launched the Amazon Barclaycard, a new co-branded credit card in the UK that rewards customers for everyday spending. The card offers up to 2% back in Amazon Barclaycard Rewards, with 1% on Amazon purchases … Read the full press release

Exor N.V. Launches €125 Million Share Buyback Program to Reduce Capital

(IN BRIEF) Exor N.V. has announced the continuation of its share buyback program, originally launched on September 13, 2023, with an additional €125 million allocated for the second tranche, starting August 12, 2024. This follows the completion of the first … Read the full press release

Arrow Energy to Expand Surat Gas Project with Shell Investment

(IN BRIEF) On August 12, 2024, Arrow Energy announced plans to expand its Surat Gas Project in Queensland, Australia, with significant investment from Shell. Phase 2 is expected to produce about 22,400 barrels of oil equivalent per day at peak … Read the full press release