(IN BRIEF) Siemens Mobility is investing $60 million to build North America’s first high-speed rail manufacturing facility in Horseheads, New York. The nearly 300,000 sq. ft. plant will create 300 jobs and produce the American Pioneer 220 trainsets for the … Read the full press release
(IN BRIEF) Siemens has partnered with DMG MORI and Renishaw to enhance its Siemens Xcelerator platform, offering new scalable solutions for machine tools. Renishaw’s tool condition monitoring system, combined with Siemens software, automates tool wear detection and improves manufacturing traceability. … Read the full press release
Posted in Automotive, Aviation & Aerospace, Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged digital transformation, DMG MORI, partnership, RENISHAW, Scalable Machine Tool Solutions, Siemens, sustainability, UK
(IN BRIEF) Shell plc has announced the euro and pounds sterling equivalent dividend payments for its second quarter 2024 interim dividend of $0.344 per ordinary share. Shareholders who opted for euros or pounds sterling will receive €0.3102 or 26.15p per … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Euro, Financial, GBP Dividend Payments, investment, Shell
(IN BRIEF) Volkswagen Passenger Cars and SEAT S.A. have announced a leadership change in their finance departments, effective October 1, 2024. Patrik Andreas Mayer will become SEAT’s new Chief Financial and IT Officer, while David Powels, currently in that role, … Read the full press release
Posted in Automotive, Business, Financial, Germany, Government, Industrial, Investment, Management, News, Spain, Technology
Tagged appointment, David Powels, finance, IT Departments, leadership, Patrik Andreas Mayer, SEAT, Thomas Schäfer, Volkswagen, Wayne Griffiths
(IN BRIEF) Hexagon’s Manufacturing Intelligence division has introduced the Leica Absolute Tracker ATS800, a new innovation designed to streamline quality inspections in large-scale manufacturing. By combining laser tracking and non-contact measurement, the ATS800 reduces inspection times from hours to minutes … Read the full press release
(IN BRIEF) Global demand for electric vehicles has slowed, with concerns about charging infrastructure, range, and battery costs remaining key obstacles for potential buyers, according to the EY Global Mobility Consumer Index. EV buying intent rose marginally, but the US … Read the full press release
Posted in Automotive, Business, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged charging infrastructure, electric vehicles, EY
(IN BRIEF) GSK’s depemokimab, a new ultra-long-acting biologic, showed a 54% reduction in severe asthma exacerbations in the SWIFT-1 and SWIFT-2 phase III trials. Administered every six months, it also demonstrated a 72% reduction in hospitalizations and emergency visits, offering … Read the full press release
Posted in Business, Financial, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Security & Safety, Technology, United Kingdom
Tagged David Jackson, Depemokimab, GSK, Phase III Trials, safety, Severe Asthma Attacks, SWIFT-1, SWIFT-2
(IN BRIEF) ContourGlobal has selected AFRY to provide engineering services for the rehabilitation and efficiency improvement of 35 solar photovoltaic (PV) plants across nine regions in Italy, representing 60 MW of installed capacity. The project will enhance the performance of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Sweden, Technology
Tagged AFRY, Alessio Giuffra, ContourGlobal, Italy, Paola Agrati, partnership, solar plants, sustainability
(IN BRIEF) The Luxembourg Future Fund 2 (LFF 2) has invested an additional €5 million in the VIVES Inter-University Fund (IUF), raising the fund’s total to €75 million. VIVES IUF is an early-stage science-based fund that supports startups and spin-offs, … Read the full press release
Posted in Banks, Belgium, Business, Economy, Education, Environment, Financial, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Science, Technology
Tagged EIF, European Innovation, Eva Kremer, investment, Luxembourg Future Fund 2 (LFF 2), Marjut Falkstedt, partnership, Société Nationale de Crédit et d’Investissement (SNCI), Startup Ecosystem, sustainability, VIVES Inter-University Fund (IUF)
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in partnership with AccessBank to boost financing for small and medium-sized enterprises (SMEs) in Azerbaijan. Through this €15 million agreement, the EBRD will share … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged AccessBank, Azerbaijan, David Tsiklauri, EBRD, Elisabetta Falcetti, partnership, risk sharing facility, SME
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