Daily Archives: 10, October 2024

Merck Opens €290 Million Biosafety Testing Facility in Rockville to Enhance Drug Safety and Accelerate Testing Timelines

(IN BRIEF) Merck has officially opened a new €290 million biosafety testing facility in Rockville, Maryland, designed to meet the increasing global demand for biosafety testing services. This state-of-the-art facility consolidates various operations, including biosafety testing, analytical development, and cell … Read the full press release

Unilever Sells Russian Subsidiary to Arnest Group, Concluding Operations in the Country

(IN BRIEF) On October 10, 2024, Unilever announced the successful sale of its Russian subsidiary to Arnest Group, a local manufacturer specializing in perfumes, cosmetics, and household products. This transaction encompasses Unilever’s entire operations in Russia, including its four production … Read the full press release

Amey Launches Enhanced Early Careers Programme to Foster Future Engineering Leaders

(IN BRIEF) On October 10, 2024, Amey, a leading UK infrastructure services and engineering firm, announced the introduction of its revitalized Early Careers Programme, welcoming 137 new graduates, apprentices, and interns. This year’s cohort will engage in diverse roles across … Read the full press release

Roche Secures CE Certification for Groundbreaking Companion Diagnostic Aiding Gastric Cancer Treatment

(IN BRIEF) Roche has announced the CE certification of its VENTANA CLDN18 (43-14A) RxDx Assay, marking a significant advancement in companion diagnostics for patients with gastric and gastroesophageal junction (GEJ) adenocarcinoma. This diagnostic tool enables clinicians to identify patients who … Read the full press release

INEOS Energy Launches Electric-Driven Compressor for Enhanced Breagh Gas Field Production

(IN BRIEF) INEOS Energy has successfully launched an electric-driven compressor at the Teesside Gas Processing Plant, significantly boosting gas flows from the Breagh Gas Field. This advancement is crucial for ensuring a stable domestic gas supply for UK homes and … Read the full press release

Thyssenkrupp and TITAN Group Collaborate on Major Carbon Capture Project in Greece

(IN BRIEF) Thyssenkrupp has partnered with TITAN Group to advance one of Europe’s largest carbon capture initiatives, the IFESTOS project, which focuses on modernizing the Kamari cement plant in Greece. The collaboration will integrate advanced oxyfuel technology, enabling the facility … Read the full press release

Heathrow Airport Welcomes NFL Teams for London Games Celebration

(IN BRIEF) Heathrow Airport is gearing up to host NFL teams and fans as they arrive in the UK for the much-anticipated 2024 NFL London Games. To mark this occasion, the airport is unveiling its own “gameday stats” and honoring … Read the full press release

ABP and Sarens Collaborate to Propel Floating Offshore Wind Development at Port Talbot

(IN BRIEF) Associated British Ports (ABP) has entered a strategic partnership with Sarens, a leader in heavy lifting and engineering transport, to promote the implementation of Floating Offshore Wind (FLOW) technology in the Celtic Sea. This collaboration aims to utilize … Read the full press release

Integrated Wind Solutions Partners with NIB to Drive Offshore Wind Innovation Toward Net Zero

(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release

NIB Revamps Environmental Bond Framework to Propel Low-Carbon Initiatives

(IN BRIEF) NIB has announced its updated Environmental Bond Framework, along with a new Climate Strategy and Sustainability Policy, all aimed at promoting a low-carbon future. The bank received a “Dark Green” Second Opinion from S&P Global Ratings, affirming its … Read the full press release

NIB Supports FinVector’s New Gene Therapy Facility in Kuopio to Enhance Cancer Treatment Capabilities

(IN BRIEF) FinVector, a leading biopharmaceutical company, has inaugurated a cutting-edge production facility in Kuopio, Finland, aimed at manufacturing gene therapy products. The new Finport facility, which is set to become one of the world’s largest for such therapies, represents … Read the full press release

CapMan Infra Expands Investment in Hamina’s Energy Infrastructure

(IN BRIEF) CapMan Infra has announced a significant investment in Hamina, Finland, through its CapMan Nordic Infrastructure II fund, acquiring full ownership of Haminan Kaukolämpö Oy and Haminan Sähköverkko Oy from Haminan Energia. This acquisition aims to enhance the utilization … Read the full press release

The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors

(IN BRIEF) Electric vehicles (EVs) are essential for decarbonizing the transport sector, yet concerns regarding the sustainability of materials used in their electric motors persist. A recent IDTechEx report predicts a demand for over 160 million electric motors annually by … Read the full press release

Expert Panel Formed by Russell Group to Guide Universities in Advancing UK Industrial Strategy

(IN BRIEF) The Russell Group has established an expert advisory panel to enhance the role of UK research-intensive universities in supporting the government’s Industrial Strategy. This initiative aims to maximize the contribution of universities to economic growth and public service … Read the full press release

EY Survey Reveals CFOs and Tax Executives Embrace Generative AI as Key to Overcoming Financial Challenges

(IN BRIEF) A recent EY survey indicates that CFOs and tax leaders are increasingly optimistic about generative AI (GenAI), with 87% believing it will enhance efficiency in the tax and finance sectors. Cost pressures have emerged as the top concern … Read the full press release

EY Reveals 2024 Entrepreneurial Winning Women Class, Celebrating 70 Visionary Founders Across EMEIA

(IN BRIEF) EY has announced its 2024 class of the Entrepreneurial Winning Women program, highlighting 70 women founders from various sectors and 23 countries. This initiative aims to empower established women entrepreneurs by providing them with resources and mentorship. The … Read the full press release

Hive and Zapmap Collaborate to Simplify Electric Vehicle Charging with New Customer Incentives

(IN BRIEF) Hive has partnered with Zapmap, the leading UK electric vehicle (EV) public charging service, to enhance charging accessibility for EV drivers. Starting next year, new Hive EV customers will receive £20 in charging credits for use at Zap-Pay … Read the full press release

Loughborough University’s Vicky Goosey-Tolfrey Honored as Outstanding Woman in STEM at East Midlands Women’s Awards

(IN BRIEF) Professor Vicky Goosey-Tolfrey of Loughborough University has been awarded the Outstanding Woman in STEM at the East Midlands Women’s Awards (EMWA) for her significant contributions to the fields of science, technology, engineering, and mathematics, particularly within applied disability … Read the full press release

EIB and Committee of the Regions Reinforce Partnership to Drive Economic Growth and Social Infrastructure in Europe

(IN BRIEF) During a recent plenary session, the Committee of the Regions and the European Investment Bank (EIB) renewed their commitment to fostering economic cohesion across the EU, focusing on both urban and rural areas. EIB President Nadia Calviño emphasized … Read the full press release

EIB and IKB Join Forces to Unlock €400 Million in Sustainable Financing for Germany’s Mid-Cap Companies

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG have launched a partnership to support sustainable finance for mid-cap companies in Germany, introducing a new loan portfolio of €400 million. This initiative is aimed at firms with … Read the full press release

Team Europe Unites to Bolster Economic Development in ACP Nations with New €74 Million Funding Initiative

(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release