Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Symrise Cosmetic Ingredients Launches Online Training Series ‘The Secret Heroes of Personal Care’

(IN BRIEF) Symrise Cosmetic Ingredients, a leading provider of cosmetic ingredients, has introduced an online training series called “The Secret Heroes of Personal Care.” Available on YouTube, this series aims to provide in-depth insights into the science of product protection … Read the full press release

Maersk Launches Technology-Driven Warehousing & Distribution Facility in Douala, Cameroon

(IN BRIEF) A.P. Moller – Maersk (Maersk) has inaugurated a modern Warehousing & Distribution (W&D) facility in Douala, Cameroon, to meet the increasing demand for goods, especially in the FMCG sector, driven by the expansion of the middle-class population in … Read the full press release

MSC Group Orders Two Hydrogen-Powered Luxury Ships as Part of €3.5 Billion Investment

(IN BRIEF) The Cruise Division of MSC Group has confirmed orders for two hydrogen-powered luxury vessels for its brand Explora Journeys. The €3.5 billion investment will also explore additional environmental technologies, such as alternative fuels like bio and synthetic gas, … Read the full press release

Infineon Takes Lead in European Research Project to Develop Sustainable Electronics

(IN BRIEF) Infineon Technologies AG has assumed the role of head and coordinator for the European research project EECONE (European ECOsystem for greeN Electronics), aimed at enhancing the sustainability of electronics in Europe. EECONE, supported by the European Union, brings … Read the full press release

Empa Develops Virtual Reality Tool for Simulating and Studying Railroad Noise

(IN BRIEF) Researchers at Empa, a Swiss research institute, have developed a virtual reality simulation tool for studying and simulating various types of railroad noise. The tool, created as part of the EU project SILVARSTAR, enables users to experience and … Read the full press release

Danmarks Nationalbank Joins Eurex’s Cleared Repo Markets

(IN BRIEF) Danmarks Nationalbank, the central bank of Denmark, has become the second central bank outside the euro area to actively trade and centrally clear repo transactions at Eurex. Eurex’s cleared repo markets, which currently have over 160 registered participants, … Read the full press release

ABB to Deliver Power Distribution System for Samskip’s Hydrogen-Powered Container Ships

(IN BRIEF) ABB has secured an order to provide a comprehensive power distribution system for two new short-sea container ships being built for Samskip Group, a global logistics company based in Rotterdam. These vessels will be among the world’s first … Read the full press release

SIX Appoints Bjørn Sibbern as Global Head of Exchanges and Executive Board Member

(IN BRIEF) Bjørn Sibbern, currently the Executive Vice President and President of European Markets at Nasdaq, has been appointed as the Global Head of Exchanges and a Member of the Executive Board of SIX. He will assume this position on … Read the full press release

Hexagon Launches HxGN Mould & Die Suite for Enhanced Mould and Die Manufacturing Efficiency

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has introduced the HxGN Mould & Die suite, comprising dedicated CAD/CAM, engineering, and automation tools to empower mould and die manufacturers. The suite targets operational excellence in designing and producing plastic injection moulds, progressive … Read the full press release

Rheinmetall Receives Multi-Million Euro Orders for Coolant Control Valves in Fuel Cell-Powered Trucks

(IN BRIEF) Rheinmetall AG, a technology enterprise, has secured significant orders in the mid-two-digit million-euro range from a major international truckmaker for coolant control valves to be used in fuel cell-powered trucks. The orders include electronic thermostatic valves and coolant … Read the full press release

Bosch and Palas Collaborate to Enhance Air Quality Monitoring with Comprehensive Solutions

(IN BRIEF) Bosch and Palas GmbH, a measuring technology specialist, have formed a strategic partnership to improve air quality monitoring. Palas will provide expertise in measuring various gases and airborne particles, incorporating Bosch’s Environmental Connected Box (ECoB) measurement device into … Read the full press release

DHL Supply Chain Invests €80 Million in Cork Biomethane Facility for Carbon-Neutral Trucks

(IN BRIEF) DHL Supply Chain has unveiled an €80 million investment plan to operate biomethane-fueled trucks, partnering with Stream BioEnergy to establish a dedicated biomethane production facility in Cork. Biomethane is a renewable gas with the potential for carbon neutrality. … Read the full press release

ANDRITZ Supports Albis in Advancing Nonwoven Innovation for Hygiene and Medical Applications

(IN BRIEF) International technology group ANDRITZ has successfully commenced operations of a new carding machine and opening/blending line at Albis in Roasio, Vercelli, Italy. This investment marks a significant milestone for Albis in meeting evolving demands and producing innovative nonwoven … Read the full press release

Vattenfall Advances Seabird Tracking with AI Technology at Aberdeen Offshore Wind Farm

(IN BRIEF) Vattenfall has initiated a groundbreaking trial at the Aberdeen Bay Offshore Wind Farm, employing artificial intelligence (AI) technology to track seabird movements. Developed by Norwegian Spoor, this AI technology precisely monitors the 3D flight paths of birds near … Read the full press release

Lenzing Achieves EU Ecolabel Certification for Indonesian Fibers, Reinforces Commitment to Sustainability

(IN BRIEF) The Lenzing Group, a leading provider of specialty cellulose fibers for textiles and nonwoven industries, has attained certification from the prestigious EU Ecolabel for its fibers produced at the Indonesian facility in Purwakarta (PT. South Pacific Viscose). This … Read the full press release

EIF Invests €40 Million in Blume Equity to Boost European Climate Tech Startups

(IN BRIEF) The European Investment Fund (EIF) is injecting €40 million into Blume Equity, a leading European climate tech growth fund, with support from the InvestEU program. This investment, one of EIF’s largest in a first-time growth-stage fund, aims to … Read the full press release

EIB President Werner Hoyer Urges Equitable Climate Action at UNGA

(IN BRIEF) At the 78th General Assembly of the United Nations (UNGA), EIB President Werner Hoyer emphasized the importance of ambitious climate action and global development partnerships. Speaking at the Climate Ambition Summit, President Hoyer highlighted the economic potential of … Read the full press release

New Names Revealed for Vestide/Woonbedrijf’s Student Housing Buildings on TU/e Campus

(IN BRIEF) The names of three new student housing buildings, comprising a total of 735 units on the TU/e campus, have been unveiled by Roy Beijnsberger, General Director/Board Member of Woonbedrijf, and Robert-Jan Smits, President of the TU/e Executive Board. … Read the full press release

Merck Forms AI-Driven Drug Discovery Collaborations with BenevolentAI and Exscientia

(IN BRIEF) Merck, a prominent science and technology company, has announced strategic drug discovery collaborations with AI technology firms BenevolentAI and Exscientia. These partnerships aim to leverage AI-driven design and discovery capabilities to advance research efforts in key therapeutic areas, … Read the full press release

Ahlstrom Begins Production of Advanced Synthetic Filter Media in South Korea

(IN BRIEF) Ahlstrom has initiated the production of new synthetic filter media at its Huyn-Poong plant in South Korea, marking its first commercial orders for these materials. The newly produced filter media, which are calendered and embossed, offer extended filter … Read the full press release

Landis+Gyr Collaborates with Atlante to Expand EV Charging Infrastructure in Southern Europe

(IN BRIEF) Landis+Gyr, a prominent provider of integrated energy management solutions, has entered into an agreement with Atlante, a subsidiary of the NHOA Group specializing in electric vehicle (EV) charging infrastructure. The partnership aims to enhance EV charging capabilities across … Read the full press release

Jos Dijsselhof, CEO of SIX, Elected as Vice Chairman of the World Federation of Exchanges (WFE)

(IN BRIEF) Jos Dijsselhof, the CEO of SIX, has been unanimously elected as the new Vice Chairman of the World Federation of Exchanges (WFE) during its Annual Meeting. He will serve a two-year term in this role. Previously, Dijsselhof held … Read the full press release

Infineon Collaborates with Infypower to Boost EV Charging Efficiency with SiC Power Semiconductors

(IN BRIEF) Infineon Technologies has partnered with Infypower, a prominent Chinese new energy vehicle charging company, to enhance the efficiency of electric vehicle (EV) charging stations. Infineon will supply Infypower with its industry-leading 1200 V CoolSiC™ MOSFET power semiconductor devices, … Read the full press release

UniCredit Plans €2.5 Billion Share Buy-Back as Part of 2023 Distribution Strategy

(IN BRIEF) UniCredit S.p.A. has announced its intention to launch a tranche of its 2023 share buy-back program, with a maximum value of €2.5 billion. The bank cites its strong capital levels, robust financial performance, solid asset quality, and lower … Read the full press release

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

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

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

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

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

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

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