Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Alexion and AstraZeneca Acquire Rare Disease Gene Therapy Portfolio from Pfizer for $1 Billion

(IN BRIEF) Alexion, in collaboration with AstraZeneca Rare Disease, has finalized an agreement to acquire a collection of preclinical rare disease gene therapy programs and related technologies from Pfizer Inc. This strategic move combines the expertise of Alexion and AstraZeneca … Read the full press release

ORLEN and Northland Power Secure Financing for Baltic Power Wind Farm

(IN BRIEF) The ORLEN Group and Northland Power have signed credit facility agreements with a syndicate of 25 Polish and international financial institutions to finance the Baltic Power project, the first wind farm to be constructed in Polish waters of … Read the full press release

Axel Springer Partners with Connatix to Enhance Online Video Engagement and Monetization

(IN BRIEF) Axel Springer, a global media and technology company, has entered a long-term partnership with Connatix, a leading video technology firm, to boost online video engagement and monetization. This collaboration aims to drive revenue for Axel Springer’s media brands … Read the full press release

Medidata Launches Comprehensive Diversity Program to Improve Inclusion in Clinical Trials

(IN BRIEF) Medidata, a subsidiary of Dassault Systèmes, has introduced the Medidata Diversity Program, an extensive solution aimed at enhancing diversity, equity, and inclusion in clinical trials. This program supports biopharmaceutical companies, medical device firms, and clinical research organizations (CROs) … Read the full press release

Kate Thomson Appointed Interim Chief Financial Officer at bp

(IN BRIEF) bp has named Kate Thomson as its interim Chief Financial Officer (CFO) following the recent appointment of Murray Auchincloss as the interim CEO. Kate Thomson, currently serving as bp’s Senior Vice President of Finance for Production & Operations, … Read the full press release

Coventry City Council and E.ON Launch Pioneering 15-Year Partnership to Boost Carbon Reduction and Local Economy

(IN BRIEF) Coventry City Council has embarked on a unique 15-year partnership with E.ON, designating the energy company as the city’s Strategic Energy Partner. This groundbreaking initiative aims to revolutionize energy usage in Coventry by prioritizing diversity, equity, and inclusion … Read the full press release

DHL and Formula 1® Biofuel Trucks Slash Carbon Emissions by 83% During European Leg of 2023 Championship

(IN BRIEF) DHL and Formula 1® have achieved an impressive 83% reduction in carbon emissions during the European leg of the 2023 FIA Formula One World Championship by using a new fleet of trucks powered by HVO100 biofuel. These trucks, … Read the full press release

Vodafone and AST SpaceMobile Make History with First Space-Based 5G Voice Call

(IN BRIEF) Vodafone and AST SpaceMobile have achieved a groundbreaking milestone by completing the world’s first space-based 5G voice call. The successful call was made from Hawaii to a Vodafone engineer in Spain using a standard Samsung Galaxy S22 smartphone … Read the full press release

BASF Showcases Innovative Solutions at Fakuma 2023 to Address Plastic Waste and Sustainability

(IN BRIEF) BASF is highlighting a range of innovative solutions at the 28th Fakuma exhibition in Friedrichshafen, Germany, aimed at addressing plastic waste and promoting sustainability. The showcased solutions include mass-balanced plastics that reduce resource consumption and greenhouse gas emissions, … Read the full press release

BASF Launches Industry’s First Biomass Balance Offerings for Plastic Additives

(IN BRIEF) BASF has introduced the industry’s first biomass balance offerings for plastic additives, including Irganox® 1010 BMBcert™ and Irganox® 1076 FD BMBcert™. These products are certified by TÜV Nord for mass balance according to the International Sustainability and Carbon … Read the full press release

Telekom and RTL Deutschland Launch “5G Live Video Production” Service

(IN BRIEF) Telekom and RTL Deutschland have introduced the “5G Live Video Production” service, which enables stable broadcasting for live events using 5G standalone and network slicing technologies. This service allows TV teams to transmit live HD video streams reliably … Read the full press release

ING Completes Share Buyback Program by Repurchasing 2.3 Million Shares

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced the completion of its €1.5 billion share buyback program, which was launched on May 11, 2023. During the week of September 11 to September 15, 2023, the bank repurchased 2,315,477 shares at an average price … Read the full press release

Siemens Partners with Monta to Expand Electric Vehicle Charging Infrastructure in Europe

(IN BRIEF) Siemens has entered into a partnership with Monta, an electric vehicle (EV) charging platform provider, to enhance the development of charging infrastructure across Europe. Siemens will utilize Monta’s Charge Point Management System (CPMS) to manage its own EV … Read the full press release

Siemens and DMG MORI Introduce Industry-Defining Digital Twin for Machine Tool Processing

(IN BRIEF) Siemens and DMG MORI have launched an industry-defining digital twin for machine tool processing on the Siemens Xcelerator Marketplace. This digital twin, based on the Digital Native CNC Sinumerik One, includes a replica of the control system, machine … Read the full press release

Revolutionizing Manufacturing: Hexagon’s HxGN Production Machining Suite Unveiled

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has launched HxGN Production Machining, a suite of software designed to revolutionize manufacturing processes for discrete parts across industries like medical and aerospace. The suite offers CAD and CAM capabilities, process simulation, G-code verification, … Read the full press release

Siemens and DMG MORI Unveil End-to-End Digital Twin for Machine Tool Machining

(IN BRIEF) Siemens and DMG MORI have introduced an end-to-end digital twin for machine tool machining on Siemens Xcelerator. This digital twin includes a replica of the controller, a customer-specific DMG MORI machine tool, and the workpiece. The technology allows … Read the full press release

Škoda’s Superb and Kodiaq Models Ace Rigorous Testing Ahead of World Premieres

(IN BRIEF) Škoda’s upcoming generations of Superb and Kodiaq models have successfully completed an extensive international testing program. Over the course of two years, these vehicles underwent over a million kilometers of testing, exposing them to extreme temperatures ranging from … Read the full press release

BBVA Launches Game-Changing API Connectivity for Treasury Solutions

(IN BRIEF) BBVA has introduced new API connectivity for its treasury solutions, significantly reducing integration times for BBVA Pivot Connect by 80 percent. The initial set of APIs available on BBVA Pivot allows companies to manage supplier payments, track international … Read the full press release

Volkswagen Unveils Third-Generation Tiguan with Advanced Technology and Improved Efficiency

(IN BRIEF) Volkswagen has unveiled the all-new Tiguan, marking the third generation of this highly successful compact SUV. The new Tiguan is based on the Modular Transverse Matrix (MQB evo) platform, which enables the introduction of new hybrid drivetrains with … Read the full press release

Volkswagen Unveils New Tiguan Model in Employee Event

(IN BRIEF) Volkswagen presented its new Tiguan model to around 10,000 employees at a works meeting at the Wolfsburg plant, ahead of the official media unveiling. The Tiguan has been one of Volkswagen’s most successful models, with 7.6 million units … Read the full press release

Dr. Jörg Homering Appointed Head of Production and Site at Mercedes-Benz Ludwigsfelde

(IN BRIEF) Dr. Jörg Homering, previously Head of Industrial Strategy at Mercedes-Benz Vans, will assume the role of Head of Production and Site at Mercedes-Benz Ludwigsfelde GmbH on November 1, 2023. He will succeed Dr. Markus Keicher, who is transitioning … Read the full press release

Environmental Threat Looms Over Central Asia’s Fertile Fergana Valley Due to Uranium Legacy

(IN BRIEF) The Fergana Valley, a crucial agricultural region in Central Asia, faces a looming environmental crisis resulting from decades-old uranium mining activities. The aftermath of Soviet-era uranium mining, marked by abandoned mines, open tunnels, and improperly managed waste dumps, … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

SGS Expands Accreditation to Certify Textile Exchange Standards Across Multiple Regions

(IN BRIEF) SGS has been accredited by the IOAS (International Organic Accreditation Service) as an independent third-party certification body to issue certificates for Textile Exchange standards in new regions, including Europe, Asia, Africa, and North America. This expanded geographical reach … Read the full press release

Henkel’s Xathon Expands to AI Focus While Empowering Female Entrepreneurs

(IN BRIEF) Henkel’s Xathon, a hackathon for early-stage female entrepreneurs, has transformed into an open innovation challenge with a strong focus on AI while maintaining its commitment to supporting women in tech. In its fifth edition, Xathon addresses real business … Read the full press release

Kuehne+Nagel Named Official Logistics Partner for COP28 Climate Conference in Dubai

(IN BRIEF) Kuehne+Nagel has been appointed as the official logistics partner for COP28, the 2023 UN Climate Change Conference in Dubai. The logistics company will oversee all on-site logistics activities at Expo City Dubai, including building country pavilions and stages … Read the full press release

European Investment Fund Backs Croatian Innovation with CVCi 2 Funding

(IN BRIEF) The European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of Croatia have announced a funding agreement for the Croatian Venture Capital Initiative 2 (CVCi 2). This program builds on the success of the … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

BioNTech and CEPI Join Forces to Develop mRNA-Based Vaccine for mpox Prevention

(IN BRIEF) BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) have entered into a strategic partnership to develop an mRNA-based vaccine, BNT166, for the prevention of mpox (formerly monkeypox), an infectious disease that can have severe and life-threatening complications. … Read the full press release

Saab Extends Framework Agreement with U.S. Department of Defense for Close Combat Solutions

(IN BRIEF) Saab has announced an extension of its Indefinite Delivery, Indefinite Quantity (IDIQ) framework agreement with the U.S. Department of Defense (DoD). This extension allows the DoD to place orders for Saab’s close combat solutions worth up to an … Read the full press release

Kapsch TrafficCom Invests EUR 1.3 Million in Production Expansion of Toll Collection OBUs

(IN BRIEF) Kapsch TrafficCom is expanding its production of on-board units (OBUs) for contactless toll collection in Vienna by over 30%, allowing for the manufacture of approximately 2 million OBUs annually. The expansion represents an investment of EUR 1.3 million. … Read the full press release

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release

TotalEnergies Provides Urgent Relief to Flood-Affected Libya

(IN BRIEF) In response to the devastating floods in Libya’s Derna region, TotalEnergies has swiftly stepped in to provide critical assistance. The company has deployed both ground and air resources, sending nearly 50 tons of essential supplies, including medical items, … Read the full press release

Equinor’s Johan Castberg Project Sees Nearly NOK 13 Billion Cost Increase, But Production Timeline Unchanged

(IN BRIEF) The Johan Castberg partnership, consisting of Equinor, Vår Energi, and Petoro, has announced an upward revision of the project’s cost estimate, with an increase of nearly NOK 13 billion compared to the previous year. Despite these cost escalations, … Read the full press release

ABT CUPRA XE Secures Double Podium Finish at Island X Prix in Sardinia

(IN BRIEF) ABT CUPRA XE achieved an outstanding performance at the Island X Prix in Sardinia during the Extreme E season. The team, led by drivers Klara Andersson and Sébastien Loeb, secured a podium finish in both races, earning a … Read the full press release

King Felipe VI Receives SEAT S.A. Executive Committee to Discuss Electric Mobility and Record-Breaking Performance

(IN BRIEF) His Majesty King Felipe VI of Spain held an audience with the Executive Committee of SEAT S.A., led by its President, Wayne Griffiths, at Palacio Albéniz in Barcelona. During the meeting, SEAT S.A. executives updated the King on … Read the full press release

DemoSATH Floating Offshore Wind Project Powers Up, Pioneering Clean Energy in Spain

(IN BRIEF) The DemoSATH floating offshore wind project, led by Saitec Offshore Technologies in collaboration with RWE and KEPCO, has achieved a significant milestone by commencing electricity generation. Located off the Basque coast, the DemoSATH platform features a 2 MW … Read the full press release

Audi Collaborates with Vodafone on 5G Augmented Reality App for Premium Charging Experience

(IN BRIEF) Audi is enhancing the electric vehicle charging experience by partnering with Vodafone to develop an interactive augmented reality (AR) app at its Nuremberg charging hub. The charging hub provides premium amenities such as workstations, a meeting room, a … Read the full press release

Bentley Collaborates with Designer Supriya Lele, Showcasing Leather-Offcut Creations at London Fashion Week

(IN BRIEF) Bentley Motors has partnered with acclaimed fashion designer Supriya Lele to showcase a unique collaboration at London Fashion Week for the Spring/Summer 2024 season. As part of their shared commitment to craft, excellence, heritage, and luxury, Lele used … Read the full press release