Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Leica and Valtech Join Forces to Revolutionize Global E-Commerce and Customer Experience

(IN BRIEF) Leica Camera AG has partnered with Valtech to overhaul its e-commerce platform, focusing on enhancing the online shopping experience and driving international growth. The collaboration aims to standardize and scale Leica’s e-commerce systems, ensuring a seamless omnichannel experience … Read the full press release

Wolters Kluwer February 2025 Economic Survey Highlights Fed Rate Expectations and Tariff Impacts on Inflation

(IN BRIEF) Wolters Kluwer’s February 2025 Blue Chip Economic Indicators survey shows that most economists do not expect a rate cut by the Federal Reserve in March, with only 10% predicting it. A majority, 80%, foresee tariff hikes driving U.S. … Read the full press release

VERBUND’s Kaprun 2029 Project Reaches Major Milestone with Tunnel Boring Machine Launch

(IN BRIEF) On February 18, 2025, the tunnel boring machine (TBM) for VERBUND’s Kaprun 2029 project began its 5.6-kilometre journey from the Limberg valve chamber to the surge tank beneath Maiskogel, marking a key milestone in the project’s modernization efforts. … Read the full press release

EIB Group Contributes €2.2 Billion in Financing to Greece in 2024, Focusing on Energy, Business Growth, and Disaster Management

(IN BRIEF) In 2024, the European Investment Bank (EIB) Group provided €2.2 billion in financing to Greece, focusing on boosting energy resilience, supporting business growth, and enhancing disaster preparedness. Key projects included solar parks, grid upgrades, and disaster management infrastructure, … Read the full press release

MAHLE Wins First Series Order for Innovative Cooling Module for Megawatt Charging Systems

(IN BRIEF) MAHLE has secured its first series order for a high-performance cooling module designed for megawatt charging systems (MCS) in fast-charging stations for electric commercial vehicles. The module, praised for its performance and cost efficiency, will be manufactured at … Read the full press release

DAAD Urges Federal Government to Strengthen Internationalisation of German Universities and Science

(IN BRIEF) The German Academic Exchange Service (DAAD) is urging the new Federal Government to prioritize the internationalisation of Germany’s universities and research sectors to maintain competitiveness in a changing geopolitical environment. DAAD President Prof Dr Joybrato Mukherjee emphasized the … Read the full press release

Covestro Reaches Net-Zero Electricity Emissions at Four U.S. Sites Through Ørsted vPPA

(IN BRIEF) Covestro has achieved net-zero Scope 2 electricity emissions at four of its U.S. production sites through a virtual Power Purchase Agreement (vPPA) with Ørsted. This collaboration, which provides 90 MW of renewable energy capacity, allows Covestro to reduce … Read the full press release

Lightsource bp Secures 10 Power Purchase Agreements in 2024, Expanding Global Renewable Energy Reach

(IN BRIEF) In 2024, Lightsource bp secured 10 power purchase agreements (PPAs) totaling 1.3GW across Europe, the Americas, and APAC, highlighting its strong presence in the renewable energy market. The company has partnered with major global corporations like H&M Group, … Read the full press release

DNV Launches Joint Industry Project to Improve Ground Investigation Practices for Offshore Wind Developments

(IN BRIEF) DNV has launched the Ground Investigation for Floating Wind (GIFT) joint industry project (JIP) to establish clear guidelines for ground characterization in offshore wind projects. This collaboration, involving over 15 industry partners and academic institutions, aims to improve … Read the full press release

Rheinmetall Wins €260 Million Logistical Support Contract for Bundeswehr Force Relocation

(IN BRIEF) Rheinmetall has secured a major €260 million framework agreement with the Bundeswehr for logistical support in military force relocation both within Germany and abroad. The contract, which lasts three years with two possible one-year extensions, includes services in … Read the full press release

EDGE Group and Indra Forge Strategic Partnership to Enhance UAE’s Naval Defence

(IN BRIEF) EDGE Group’s Abu Dhabi Ship Building (ADSB) has entered a strategic partnership with Spain’s Indra to enhance the FA-400 offshore patrol vessel with advanced radar, electronic warfare, and counter-UAS technologies. The agreement was signed at NAVDEX 2025 in … Read the full press release

UK Sees Sharp Rise in People Living Below Minimum Income Standard, Warning for Policy Action

(IN BRIEF) A new report by Loughborough’s Centre for Research in Social Policy (CRSP) shows that 35.9% of the UK population, equating to 24 million people, now live below the Minimum Income Standard (MIS). This marks a significant rise from … Read the full press release

Reuters webinar: Omnibus regulation Reuters post-analysis

(IN BRIEF) Reuters Events will host a webinar on February 27, 2025, titled “The Impacts of the EU Omnibus Regulation – A Post-Announcement Analysis,” focusing on the changes brought about by the Omnibus Simplification Package in sustainability reporting. The event, … Read the full press release

Garanti BBVA Sets Ambitious Goals for 2025 While Navigating Economic Uncertainty

(IN BRIEF) Garanti BBVA’s CEO, Mahmut Akten, shared the bank’s strategic priorities and 2025 goals during a meeting with Turkish media, discussing the global and local economic landscape. Despite global uncertainties, Akten expressed confidence in Türkiye’s economic program and the … Read the full press release

NLB Group Expands Leasing Business with Acquisition of DoberaVto.si Online Platform

(IN BRIEF) NLB Car&Go, a subsidiary of NLB Lease&Go, has successfully acquired the online vehicle sales platform doberavto.si from AMZS d.o.o., marking a significant step in expanding NLB Group’s leasing operations. This acquisition, following necessary regulatory approvals, enhances NLB’s position … Read the full press release

Metso Secures Contract for Upgrades and Repairs to Enhance Stockyard Equipment in Africa

(IN BRIEF) Metso has secured an order to carry out repairs and enhancements to a bucket-wheel stacker reclaimer at a customer’s stockyard in Africa. The project will involve upgrades to mechanical, structural, and electrical components, aimed at improving operational efficiency, … Read the full press release

Ørsted Kicks Off Offshore Construction for Greater Changhua 2b and 4 Wind Farms in Taiwan

(IN BRIEF) Ørsted has officially launched offshore construction for the Greater Changhua 2b and 4 offshore wind farms, marking a major step forward in Taiwan’s clean energy transition. With an output of 920 MW, these wind farms will play a … Read the full press release

Hexagon Showcases Cutting-Edge Construction Technology at bauma 2025

(IN BRIEF) Hexagon’s Geosystems division will be making a notable appearance at bauma 2025, unveiling a range of innovative solutions aimed at improving construction processes. From machine control and safety awareness to digital twins and AI-driven insights, Hexagon will demonstrate … Read the full press release

Marks & Spencer Unveils ‘Make an Understatement’ Campaign, Merging Women’s and Men’s Underwear Collections

(IN BRIEF) Marks & Spencer (M&S) is launching its first-ever integrated campaign for both women’s and men’s underwear, ‘Make an Understatement,’ marking a decade since its last men’s underwear campaign. With a fresh approach and innovative design, the campaign will … Read the full press release

Safran Aircraft Engines and Abu Dhabi Aviation Sign Strategic MoU to Boost UAE’s Military Aviation MRO Capabilities

(IN BRIEF) In a move set to enhance the UAE’s military aviation capabilities, Safran Aircraft Engines and Abu Dhabi Aviation (ADA) have signed a strategic memorandum of understanding at IDEX 2025, focusing on joint engine maintenance, repair, and overhaul (MRO) … Read the full press release