Monthly Archives: September 2024

Prudential Partners with Bank Syariah Indonesia to Boost Syariah Insurance Growth in Key ASEAN Market

(IN BRIEF) Prudential has entered into a strategic partnership with Bank Syariah Indonesia (BSI), enabling the company to offer Syariah-compliant life insurance through BSI’s extensive network starting in 2025. This collaboration is seen as a key step for Prudential to … Read the full press release

RS Lease to Expand Fleet with Siemens Mobility’s Vectron Locomotives in New Agreement

(IN BRIEF) RS Lease has signed a framework agreement with Siemens Mobility to purchase up to 65 Vectron locomotives, with an immediate delivery of 30 units and an option for 35 more. These new Vectron Multi-System and Dual Mode locomotives … Read the full press release

NIB Invests €10 Million in Spar Nord Bank’s Green MREL-Eligible Bond to Boost Danish SME Financing

(IN BRIEF) The Nordic Investment Bank (NIB) has invested €10 million in a €250 million, 6-year Green MREL-eligible bond issued by Denmark’s Spar Nord Bank. This bond helps the bank meet EU regulatory requirements for loss absorption and capital recovery … Read the full press release

Brightsight Singapore Achieves EMVCo Accreditation, Boosting Payment Security Certification in Asia

(IN BRIEF) Brightsight, an SGS company, has received official recognition from EMVCo for its Singapore facility, making it an authorized laboratory for conducting EMV security evaluations on platforms and applications (ICC). This accreditation allows Brightsight to provide local and international … Read the full press release

Continental Named Among World’s Top Sustainable Companies, Sets Ambitious Carbon-Neutral Goals for 2050

(IN BRIEF) Continental has been recognized as one of the world’s most sustainable companies for 2024 by Time magazine and Statista, securing the 265th spot overall and ranking second among tire manufacturers. The recognition highlights Continental’s strong efforts in reducing … Read the full press release

Vattenfall’s Symbizon Agri-PV Park Launches in the Netherlands, Pioneering the Integration of Solar Power and Farming

(IN BRIEF) Vattenfall has launched its first agri-PV park, Symbizon, in the Netherlands, which combines solar energy generation with agriculture. Though small at 0.7 MWp capacity, the project aims to optimize the coexistence of solar panels and farming, with solar … Read the full press release

Volkswagen Group Utilizes Real-World Data to Boost Traffic Safety with Enhanced Driver Assistance Systems

(IN BRIEF) Volkswagen Group is enhancing traffic safety by utilizing sensor and image data from customer vehicles to continuously improve driver assistance systems and automated driving features. This initiative, starting in Germany in late 2024 with select Volkswagen and Audi … Read the full press release

FTSE Russell Introduces Fixed Income Climate Indices to Boost Sustainable Investments

(IN BRIEF) FTSE Russell has launched two new fixed income indices, the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series. These indices aim to support investors in meeting their climate … Read the full press release

BASF Sets Bold New Strategy to Lead Green Transformation and Boost Shareholder Returns

(IN BRIEF) BASF has unveiled a new corporate strategy aimed at becoming the leading chemical company supporting the green transformation of its customers. The company plans to focus on its core chemical businesses while giving more flexibility to standalone divisions … Read the full press release

Siemens Unveils Enhanced Simcenter Testlab to Boost Efficiency and Cut Prototype Dependency

(IN BRIEF) Siemens Digital Industries Software has updated its Simcenter Testlab suite, focusing on increased collaboration, enhanced testing efficiency, and reduced reliance on physical prototypes. New tools such as multi-hammer testing, a noise and vibration simulator, and smarter field testing … Read the full press release

BAE Systems Lands $177.8M Contract to Modernize USS Halsey

(IN BRIEF) BAE Systems has been awarded a $177.8 million contract by the U.S. Navy to modernize and maintain the USS Halsey, an Arleigh Burke-class guided-missile destroyer. The contract, which could reach $225.5 million if all options are exercised, involves … Read the full press release

Volkswagen and Autostadt Celebrate 50 Years of Golf and Scirocco at Alpine Hill Climb Event

(IN BRIEF) Volkswagen Classic and Autostadt will celebrate the 50th anniversary of the Volkswagen Golf and Scirocco at the prestigious Edelweiß-Bergpreis Rossfeld Berchtesgaden hill climb race, held in the Alps on September 28 and 29, 2024. They will showcase iconic … Read the full press release

Authorities Dismantle Albanian-Led Drug Ring in Italy, 66 Arrested in Eurojust-Coordinated Operation

(IN BRIEF) Authorities in Italy, Albania, Poland, and Switzerland, coordinated by Eurojust, have dismantled a major Albanian-led cocaine trafficking network. A total of 66 individuals were arrested, with 45 of them taken into custody on an action day. The criminal … Read the full press release

International Crackdown on Fraud Network Exploiting European Public Institutions Yields Major Seizures

(IN BRIEF) German and Italian authorities, with the support of Eurojust and Europol, have successfully dismantled a large-scale fraud operation that targeted public institutions, cities, and municipalities. The suspects used phishing techniques to manipulate real invoices and divert payments meant … Read the full press release

EU-Backed Partnership Unlocks Millions in Loans for Danish Creative and Cultural Sectors

(IN BRIEF) A new partnership between the European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO), backed by the EU’s InvestEU program, will provide DKK 300 million in loans to Danish businesses within the creative and … Read the full press release

ANDRITZ and PulPac Team Up to Revolutionize Sustainable Packaging with Dry Molded Fiber Technology

(IN BRIEF) ANDRITZ has formed a strategic partnership with Swedish company PulPac AB to expand the sustainable packaging market using Dry Molded Fiber technology. This nearly waterless process molds cellulose fibers into recyclable, biodegradable products such as coffee lids, cutlery, … Read the full press release

NIVEA Launches Global Initiative to Combat Social Isolation and Foster Meaningful Human Connections

(IN BRIEF) NIVEA has launched a global initiative called NIVEA CONNECT to address the growing issue of social isolation, which affects both mental and physical health. A survey conducted by NIVEA revealed that one in four people felt isolated in … Read the full press release

Marel Unveils FleXicut Jet: A Cutting-Edge Solution for Efficient and Precise Seafood Processing

(IN BRIEF) Marel’s FleXicut Jet is an innovative whitefish processing system designed to enhance efficiency, precision, and yield in the seafood industry. Using advanced water-jet technology, intelligent software, and X-ray detection, the FleXicut Jet automates the trimming and pinbone removal … Read the full press release

Wood Secures Contract to Operate One of the World’s Largest Plastics Recycling Facilities, Boosting Circular Economy

(IN BRIEF) Wood, a global consulting and engineering firm, has secured a three-year contract to operate and maintain Freepoint Eco-Systems’ advanced recycling facility in Hebron, Ohio, one of the world’s largest plastics recycling plants. The facility will process approximately 90,000 … Read the full press release

University of Liverpool’s New Heritage Institute to Tackle Global Challenges and Advance Cultural Research

(IN BRIEF) The University of Liverpool has launched a new Heritage Institute aimed at enhancing its role as a leading global research institution in heritage studies. The institute will bring together researchers from multiple disciplines to address key heritage issues … Read the full press release