Daily Archives: 5, November 2024

Deutsche Telekom and Bankhaus Metzler Pilot Bitcoin Mining with Surplus Renewable Energy to Aid Grid Stability in Germany

(IN BRIEF) Deutsche Telekom’s MMS and Bankhaus Metzler have launched a pilot project, “Digital Monetary Photosynthesis,” using surplus renewable energy to power Bitcoin mining as a means of stabilizing Germany’s energy grid. By converting unused renewable energy from sources like … Read the full press release

Allianz X and AlTi Global Unite to Offer Private Debt Access for Ultra-High-Net-Worth Investors in New Strategic Partnership

(IN BRIEF) Allianz X has partnered with AlTi Global to launch a private markets investment platform tailored for ultra-high-net-worth clients, initially focusing on private debt. Through this joint venture with Allianz Global Investors, the program will provide UHNW investors with … Read the full press release

Eni Finalizes $1 Billion Sale of Alaskan Oil Assets to Hilcorp, Strengthens Focus on Core Portfolio and Energy Transition

(IN BRIEF) Eni has completed the sale of its Alaskan oil assets, Nikaitchuq and Oooguruk, to Hilcorp for $1 billion. This divestment aligns with Eni’s strategy to streamline its upstream portfolio by focusing on core assets and contributing to its … Read the full press release

SACE and Eni Partner to Drive ESG Transformation for Italian SMEs through Integrated Open-es Alliance

(IN BRIEF) SACE and Eni have formed a strategic partnership to boost the sustainability and competitiveness of Italian businesses, particularly SMEs. Through the integration of SACE’s ESG Hub and Eni’s Open-es platform, the alliance will provide companies with enhanced tools … Read the full press release

EBRD and OTP Bank Moldova Launch €30 Million Financing Boost for Moldovan MSMEs, Focusing on Agriculture and Trade

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced a pioneering risk-sharing facility in Moldova with OTP Bank, enabling €30 million in new financing aimed at supporting the country’s MSMEs, particularly in agriculture and trade. This EU-backed … Read the full press release

EIB and CDP Join Forces to Unlock €1 Billion for Italy’s Public Sector, Focusing on Sustainability and Regional Development

(IN BRIEF) The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have launched a new €500 million guarantee agreement aimed at bolstering public sector investment across Italy, particularly in central and southern regions. This initiative, which builds on … Read the full press release

Aurubis Wins German Sustainability Award for Pioneering Carbon-Neutral Production and Circular Metal Recycling

(IN BRIEF) Aurubis, a global leader in non-ferrous metals and copper recycling, has won the 17th German Sustainability Award in the Metal Sector for its commitment to carbon-neutral and circular metal production. This prestigious European award honors Aurubis’ extensive efforts … Read the full press release