Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Saxo Bank Releases Outrageous Predictions for 2025, Highlighting Bold Scenarios That Could Disrupt Markets

(IN BRIEF) Saxo Bank has released its annual Outrageous Predictions for 2025, presenting a series of speculative scenarios that, while unlikely, could have dramatic effects on global markets if realized. Highlights include a hypothetical second Trump administration disrupting the US … Read the full press release

STMicroelectronics and Ampere Partner to Deliver Advanced Silicon Carbide Power Modules for Next-Generation EVs

(IN BRIEF) STMicroelectronics and Ampere, Renault Group’s EV division, have entered a multi-year agreement to supply Silicon Carbide (SiC) power modules for Ampere’s next-generation electric powertrains starting in 2026. This partnership focuses on developing an advanced powerbox to enhance EV … Read the full press release

AWS and SAP Unveil GROW with SAP on AWS Marketplace to Streamline Cloud ERP Adoption and Boost AI-Driven Innovation

(IN BRIEF) AWS and SAP have launched GROW with SAP on AWS, a new offering available through AWS Marketplace that simplifies the adoption of SAP’s S/4HANA Cloud Public Edition. This cloud-native ERP solution reduces deployment time from years to months … Read the full press release

ANDRITZ to Modernize Governador Parigot de Souza Hydropower Plant, Boosting Brazil’s Clean Energy Capacity

(IN BRIEF) ANDRITZ has been selected by Companhia Paranaense de Energia (COPEL) to modernize the Governador Parigot de Souza hydropower plant in Curitiba, Brazil. The project will include upgrades to key components such as Pelton turbines, generators, and electrical systems, … Read the full press release

SCCT Expansion Milestone: Arrival of High-Tech Cranes Signals Commitment to Innovation and Trade Efficiency

(IN BRIEF) The Suez Canal Container Terminal (SCCT) has reached a significant milestone in its expansion project with the arrival of advanced equipment, including four Super Post-Panamax quay cranes and six electric Rubber-Tyred Gantry (eRTG) cranes. These cutting-edge tools, capable … Read the full press release

ABB Acquires SIB to Strengthen Cable Protection and Electrification Portfolio Across Key Markets

(IN BRIEF) ABB has acquired Solutions Industry & Building (SIB), a French manufacturer of premium cable glands and electrical products, to expand its portfolio of electrification and cable protection solutions. This acquisition strengthens ABB’s presence in specialized markets such as … Read the full press release

ASML and Van Gogh Museum Extend Partnership to Pioneer Tech-Driven Art Preservation

(IN BRIEF) ASML and the Van Gogh Museum have extended their partnership until 2028, focusing on the preservation of Vincent van Gogh’s masterpieces using advanced technology. This collaboration includes the establishment of the ASML Science Centre, a public-facing research hub … Read the full press release

HCG and Accenture Partner to Pioneer AI-Powered Cancer Research and Precision Treatments in South Asia

(IN BRIEF) HealthCare Global Enterprises (HCG) has partnered with Accenture to advance cancer research and treatment using cutting-edge technologies like generative AI and deep learning. This collaboration combines HCG’s oncology expertise with Accenture’s global proficiency in AI and data analytics … Read the full press release

Atos Resolves Legal Dispute with Unisys Over Confidentiality Allegations

(IN BRIEF) Atos has settled a legal dispute with Unisys regarding allegations of misappropriation of confidential information and trade secrets by former Unisys employees who joined Atos. Filed in the U.S. District Court for the Eastern District of Pennsylvania, the … Read the full press release

Skanska Secures €252M Contract for Green Tram Depot Project in Helsinki

(IN BRIEF) Skanska has been awarded a €252 million contract by City Transport Ltd to build a state-of-the-art tram depot in Helsinki, Finland. The 41,000-square-meter facility will house and service up to 50 trams, with provisions for maintenance, cleaning, and … Read the full press release

Miljan Zdrale Named EBRD Regional Director for Central Europe and Head of Croatia

(IN BRIEF) The EBRD has appointed Miljan Zdrale as Regional Director for Central Europe and Head of Croatia, effective January 2025. With over 20 years of experience at the EBRD, including his current role as Regional Head of Agribusiness for … Read the full press release

EBRD and ZABA Partner to Unlock €100M for Green Energy Projects in Croatia

(IN BRIEF) The EBRD has partnered with Zagrebačka banka (ZABA) to launch its first green uncapped portfolio guarantee under the EU’s InvestEU Programme. This €80 million guarantee aims to unlock €100 million in financing for green projects in Croatia, focusing … Read the full press release

EBRD and Swedbank Fund €48.4M Green Logistics Hub to Boost Supply Chains in Lithuania

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Swedbank Lithuania have partnered to provide €48.4 million in funding for the development of SIRIN PARK GARIŪNAI, a modern logistics park near Vilnius, Lithuania. The project, led by SIRIN … Read the full press release

EBRD Appoints Harry Boyd-Carpenter to Lead Sustainable Infrastructure Group in 2025

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Harry Boyd-Carpenter as Managing Director of its Sustainable Infrastructure Group (SIG), effective January 2025. Boyd-Carpenter, a seasoned EBRD leader, has been instrumental in advancing the Bank’s green agenda … Read the full press release

EIB and Cunext Collaborate to Enhance Circular Economy with €30 Million Investment in Copper Recycling Plant

(IN BRIEF) The European Investment Bank (EIB) and Andalusian company Cunext have partnered on a €30 million loan to build a copper recycling plant in Córdoba, Spain, using advanced electrolysis technology. The facility will produce high-purity copper cathodes from recycled … Read the full press release

Logicor and Kryalos SGR Acquire Strategic Logistics Hub in Sordio, Italy

(IN BRIEF) Logicor and Kryalos SGR have acquired a 23,000 m² warehouse in Sordio, Northern Italy, through the Mazer Fund. The site includes warehouse and office space, green areas, and is strategically located near Milan and major transport links. Logicor … Read the full press release

EIF Commits €15 Million to Merito Partners’ Fund to Boost SME Growth in the Baltic Region

(IN BRIEF) The European Investment Fund (EIF) has committed €15 million from the Baltic Innovation Fund II to Merito Partners’ ‘Merito Baltic Opportunities I AIF,’ marking its first institutional investment in the fund. Aiming to raise €100 million, the fund … Read the full press release

EIB and ČEZ Partner on €400 Million Loan to Enhance Czech Energy Infrastructure and Green Transition

(IN BRIEF) The European Investment Bank (EIB) is lending €400 million to Czech energy provider ČEZ to modernize and expand the country’s electricity distribution grid, enabling the integration of up to 5.5 gigawatts of renewable energy. The project, aligned with … Read the full press release

Gasum Announces Management Team Changes as Tor Husebø Retires

(IN BRIEF) Gasum has announced changes to its Management Team (GMT) following the retirement of Tor Husebø, Vice President of Projects & Biogas Production, effective 1 December 2024. Tommy Mattila will assume Husebø’s role, while Ville Pesonen will take over … Read the full press release

Nationwide Simplifies Mortgage Applications with Experian Work Report™ Integration

(IN BRIEF) Nationwide has partnered with Experian to integrate its Work Report™ service, becoming the first major UK lender to automate income verification for mortgage applicants. This eliminates the need for manual proofs like payslips, enabling instant validation of income … Read the full press release