Daily Archives: 24, October 2024

EIF Unlocks €500 Million to Support Romanian SMEs with Competitive and Sustainable Financing

(IN BRIEF) The European Investment Fund (EIF) has finalized agreements with seven Romanian banks, unlocking an additional €500 million in financing for small and medium-sized enterprises (SMEs) in Romania. The agreements will allow banks to offer SMEs better loan terms, … Read the full press release

EIB to Lead Two Projects in Eurosystem’s Exploration of DLT for Wholesale Financial Settlements

(IN BRIEF) The European Investment Bank (EIB) is actively participating in the Eurosystem’s exploration of distributed ledger technology (DLT) for settling wholesale financial transactions in central bank money. The EIB will be involved in two distinct projects under this initiative, … Read the full press release

Swisscom Unveils blue Binge Package with Netflix and Disney+ and Revamps Streaming Experience on blue TV

(IN BRIEF) Swisscom is launching blue Binge, a new package that combines Netflix and Disney+ subscriptions at a discounted price of CHF 19.90 per month, starting 28 October 2024. The package, which is around 28% cheaper than buying the services … Read the full press release

Wood Strengthens Middle East Presence with New Engineering Hub in Sharjah, UAE

(IN BRIEF) Wood has expanded its presence in the Middle East with the opening of a new office in Sharjah, UAE, its third office in the country. The 18,625 square foot facility will serve as an engineering hub for operations … Read the full press release

Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal

(IN BRIEF) Digi Communications N.V. announced that the Portuguese Competition Authority has approved the share purchase agreement between its subsidiary, DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A. … Read the full press release

University of Southampton Leads Sea Trials for Wind-Powered Cargo Ship to Cut Global Shipping Emissions by One-Third

(IN BRIEF) Scientists from the University of Southampton have begun sea trials on a wind-powered technology designed to reduce the carbon emissions of large cargo ships by up to a third. The wing-sail, developed by Smart Green Shipping, was retrofitted … Read the full press release

voestalpine Sells Buderus Edelstahl to Mutares in Strategic Shift Toward High-Performance Materials

(IN BRIEF) voestalpine has announced the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a prominent investment company. The agreement, signed on October 23, 2024, is awaiting regulatory approval and is expected to be finalized … Read the full press release

Helmut List Honored for Lifetime Achievements at EY Entrepreneur of the Year Awards, Celebrated for Driving Innovation in Sustainable Mobility

(IN BRIEF) At the 2024 “EY Entrepreneur of the Year” awards, Professor Helmut List, CEO and Chairman of AVL List, was honored with a special lifetime achievement award. Recognized for his pioneering role in the mobility and technology industries, List … Read the full press release

Siemens Partners with Alliander to Boost Flexible Grid Management and Expand Renewable Energy Distribution in the Netherlands

(IN BRIEF) Siemens has formed a strategic partnership with Dutch network company Alliander to improve flexible grid management and enhance energy distribution in the Netherlands. Using Siemens’ Gridscale X platform, Alliander aims to increase grid utilization by up to 30%, … Read the full press release

Siemens and ServiceNow Team Up to Boost Industrial Security and AI-Driven Automation on the Factory Floor

(IN BRIEF) Siemens and ServiceNow have partnered to enhance shopfloor operations by integrating AI-powered automation and improving industrial cybersecurity. This collaboration, announced at the ServiceNow World Forum in Munich, merges Siemens’ Sinec Security Guard for vulnerability management with ServiceNow’s workflow … Read the full press release

EU Businesses Lead Climate and Digital Investments Despite Economic Challenges, EIB Survey Shows

(IN BRIEF) The European Investment Bank’s (EIB) 2024 Investment Survey reveals that over 60% of EU companies have already invested in climate change mitigation and adaptation, while more than 70% have embraced digital transformation. The survey, covering 12,000 firms across … Read the full press release