Daily Archives: 27, March 2025

Thales Alenia Space Leads ESA’s SaveCrops4EU Initiative to Revolutionize Sustainable Agriculture

(IN BRIEF) Thales Alenia Space has been chosen by the European Space Agency to lead the SaveCrops4EU project, part of ESA’s Digital Twin Earth programme. The initiative will leverage advanced Earth observation and data processing techniques to create a digital … Read the full press release

Adecco and Salesforce Unveil New Venture to Merge Human Talent with AI for Future-Ready Workforce Management

(IN BRIEF) The Adecco Group, in collaboration with Salesforce, has launched a new venture that aims to revolutionize workforce management by combining human expertise with advanced AI agents. Leveraging Adecco’s workforce insights and Salesforce’s Agentforce platform, the company will deliver … Read the full press release

bp Drives Portfolio Reshaping: Strategic Sale of Austrian Retail Sites, EV Charging, and Fleet Business

(IN BRIEF) bp has announced its intention to sell its mobility and convenience business in Austria as part of a strategic move to focus on its downstream operations. The sale includes over 260 retail sites (approximately 120 company-owned), EV charging … Read the full press release

TotalEnergies, Equinor and Shell Drive Phase Two of Northern Lights: More than €660M Investment to Boost CO₂ Storage Beyond 5 Mt/Year

(IN BRIEF) TotalEnergies, Equinor, and Shell have confirmed phase two of the Northern Lights project, which will increase its CO₂ transport and storage capacity from 1.5 million to over 5 million tons per year by 2028. The project, which is … Read the full press release

Global Challenge Ignites Circular Economy Innovation: Santander, Norrsken & Oxentia Empower Startups and Scaleups

(IN BRIEF) Banco Santander has launched the Santander X Global Challenge | Circular Economy Revolution in partnership with the Norrsken and Oxentia foundations, targeting startups and scaleups from 11 countries. The challenge invites companies that are focused on enhancing the … Read the full press release

EBRD Fuels Estonia’s Green Future with €20M Investment in Coop Pank’s First Covered Bond

(IN BRIEF) The EBRD has invested €20 million in Coop Pank’s first-ever covered bond, listed on the Dublin Stock Exchange, to support the development of Estonia’s emerging capital markets and green financing initiatives. This investment marks the first EBRD transaction … Read the full press release

EBRD Unveils Diverse Short List for Prestigious Literature Prize Across Seven Investment Regions

(IN BRIEF) The EBRD has announced the short list for its annual Literature Prize, featuring ten English translations of books by authors from seven countries where the Bank invests. Selected by an independent jury led by Maya Jaggi, the short … Read the full press release

IO Biotech Secures €57.5M EIB Venture Debt to Advance Breakthrough Cancer Vaccine

(IN BRIEF) IO Biotech, a Danish med-tech company, has obtained €57.5 million in venture debt financing from the European Investment Bank, with backing from the European Commission’s InvestEU programme. The financing, structured in three committed tranches of up to €37.5 … Read the full press release

EIB Paves the Way for Croatia’s Fintech Future with Strategic Advisory Partnerships

(IN BRIEF) The European Investment Bank (EIB) is set to support Croatia’s efforts to strengthen its capital markets and foster innovation through a new advisory agreement with the Finance Ministry aimed at creating a “Fintech Hub.” This strategic initiative will … Read the full press release

Vodafone Empowers SMEs with 24/7 Cyber Protection at New Düsseldorf Center

(IN BRIEF) Vodafone has launched a new Cyber Security Center in Düsseldorf to provide 24/7 protection and support for small and medium-sized enterprises (SMEs) in Germany, addressing the unique cybersecurity challenges they face. Initially starting with 20 experts, the center … Read the full press release

ACEA Warns New US Tariffs Threaten Both Global Auto Trade and Domestic US Manufacturing

(IN BRIEF) ACEA has voiced serious concerns over the US President’s recent decision to impose additional tariffs on the automotive sector. The association emphasizes that these tariffs will not only raise prices for American consumers and disrupt import channels but … Read the full press release

Vietnam Assembly Revolution: Škoda Taps Indian CKD Synergy for Local Auto Production

(IN BRIEF) Škoda Auto, in partnership with Thanh Cong Group, has inaugurated a new assembly facility in Vietnam that will locally produce the Slavia and Kushaq models from CKD kits sourced from Pune, India. The plant, located in Quang Ninh … Read the full press release

Eni and Saipem Accelerate Biofuel Transformation with Expanded Biorefinery Projects

(IN BRIEF) Eni and Saipem have deepened their collaboration, expanding on their previous agreement to advance projects that focus on building new biorefineries and converting traditional refineries into more sustainable, biofuel-producing facilities. Eni’s aim to decarbonize its processes is supported … Read the full press release

Digital Revolution in Automotive Manufacturing: Audi Embraces Siemens’ Virtual Automation

(IN BRIEF) Siemens and Audi are revolutionizing the automotive manufacturing landscape by implementing virtual shop floor automation using Siemens Xcelerator. This initiative involves the use of Siemens’ first entirely virtual controller, the Simatic S7-1500V, at Audi’s Neckarsulm facility, which is … Read the full press release

Siemens Reinvents Industrial AI with Strategic Altair Integration

(IN BRIEF) Siemens has completed the acquisition of Altair Engineering Inc. for approximately USD 10 billion, a move that solidifies its position as a global leader in simulation and industrial AI. The merger introduces new capabilities in mechanical and electromagnetic … Read the full press release