Daily Archives: 28, September 2024

Vossloh Unveils Innovative Sustainable Rail Solutions at InnoTrans 2024, Targets €2 Billion Sales by 2030

(IN BRIEF) Vossloh presented its latest sustainable rail infrastructure solutions at InnoTrans 2024, showcasing products like CO2-reduced rail fastening systems, fully recyclable composite sleepers, and digital innovations on its connect platform. The company highlighted its commitment to supporting rail operators … Read the full press release

Sto Group Reaffirms Environmental Commitment with Global Participation in World Cleanup Day

(IN BRIEF) Sto Group once again participated in World Cleanup Day, an international initiative aimed at reducing global waste, on September 27, 2024. Employees from Sto’s global offices took part in local cleanup activities, collecting litter and various discarded items … Read the full press release

Schaeffler to Merge with Vitesco Technologies, Trading Suspension Set for October 1, 2024

(IN BRIEF) Schaeffler AG has announced that its merger with Vitesco Technologies Group AG will officially take effect on October 1, 2024. The merger will involve the absorption of Vitesco Technologies by Schaeffler, with shareholders of Vitesco receiving Schaeffler shares … Read the full press release

Schaeffler AG Strengthens Leadership Team to Drive E-Mobility Growth Amid Vitesco Merger

(IN BRIEF) Schaeffler AG has made strategic appointments to its Executive Board as part of its preparation for a merger with Vitesco Technologies. Thomas Stierle, previously with Vitesco, will lead Schaeffler’s new E-Mobility division starting in October 2024. Dr. Jochen … Read the full press release

Michelin Unveils Alpin 7: A Cutting-Edge Winter Tire for Enhanced Safety and Efficiency

(IN BRIEF) Michelin has launched the MICHELIN Alpin 7, a new winter tire designed for enhanced safety and performance in snowy and cold conditions. The tire offers 6% better braking on snow and a 9% reduction in rolling resistance, improving … Read the full press release

RAF’s Typhoon Takes Flight with Next-Generation Radar, Enhancing Combat Capabilities

(IN BRIEF) The Royal Air Force’s Typhoon aircraft has taken a major step forward with the first test flight of the new European Common Radar System Mark 2 (ECRS Mk2). Developed by Leonardo UK and tested by BAE Systems, this … Read the full press release

Enel Group Champions Just Energy Transition and Climate Action at UN General Assembly and Climate Week

(IN BRIEF) The Enel Group participated in the 79th United Nations General Assembly and New York Climate Week, engaging in discussions on climate action, sustainable development, and a just energy transition. Key executives, including Nicolò Mardegan and Gianni Vittorio Armani, … Read the full press release

Deutsche Bank Recognized as Best FX Bank in Asia Pacific and Western Europe by Euromoney

(IN BRIEF) Deutsche Bank has been recognized as the best bank for foreign exchange (FX) services in both Asia Pacific and Western Europe by Euromoney. The award, part of Euromoney’s prestigious Foreign Exchange Survey, highlights Deutsche Bank’s ability to innovate … Read the full press release

Deutsche Bank Supports China’s €2 Billion Sovereign Bond Return to Euro Market

(IN BRIEF) Deutsche Bank has played a key role in helping China’s Ministry of Finance issue €2 billion in international sovereign bonds, marking China’s return to the euro bond market since 2021. The dual-tranche offering, which included three- and seven-year … Read the full press release