Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Nokia Joins Open Compute Project as Platinum Member to Advance Open, Scalable Networking Solutions for the AI Supercycle

(IN BRIEF) Nokia has joined the Open Compute Project as a Platinum member, reinforcing its commitment to advancing open, scalable and AI-optimized networking technologies. As AI workloads continue to stress conventional data center and network designs, Nokia will collaborate with … Read the full press release

Nokia and Tesi Invest in NestAI to Accelerate Development of AI-Driven Capabilities for Unmanned Systems and Critical Infrastructure

(IN BRIEF) Nokia and NestAI have entered into a strategic partnership to develop AI-native defense and critical infrastructure technologies, supported by a combined €100 million investment from Nokia and Tesi. NestAI, one of Europe’s fastest-growing physical AI labs, focuses on … Read the full press release

CapMan Exits DEN Group After Strengthening Its Position as Finland’s Top Single-Family Home Builder and Expanding Its Multi-Brand Portfolio

(IN BRIEF) CapMan Buyout has agreed to sell its stake in DEN Group Oy to Metric Capital Partners, ending a partnership that began in 2011. During CapMan’s ownership, DEN Group strengthened its position as Finland’s leading detached house builder, expanded … Read the full press release

Sika Expands Regional Waterproofing Portfolio Through Acquisition of Gulf Seal to Support Vision 2030 and GCC Mega Projects

(IN BRIEF) Sika has acquired Gulf Seal, a leading Saudi Arabian producer of bituminous waterproofing membranes, strengthening its presence in the fast-growing construction markets of Saudi Arabia and the wider GCC. Gulf Seal brings more than 20 years of regional … Read the full press release

Egis Supports Atlandes in Delivering a High-Capacity, Sustainable Truck Parking Model on the A63 to Reduce Illegal Parking and Improve Driver Safety

(IN BRIEF) Atlandes, supported by Egis, has implemented an innovative truck parking system at the Lugos Est rest area on the A63 motorway, increasing capacity from 72 to 128 spaces without expanding the site. Inspired by German best practices, the … Read the full press release

EQT Foundation Backs UK Startup Milvus Advanced as It Develops High-Performance Nanomaterials to Replace Rare Metals in Energy Technologies

(IN BRIEF) EQT Foundation has invested €200,000 in Milvus Advanced as part of a £5 million Seed round supporting the UK startup’s development of nanomaterials that can replace scarce platinum group metals in clean energy technologies. Milvus’s platform uses abundant … Read the full press release

Capacity-Building Programme Backed by Sweden and Nefco Strengthens Ukraine’s Reconstruction Workforce and Promotes Circular Demolition Practices

(IN BRIEF) Nefco is supporting a Swedish-funded demolition training programme in Finland for five Ukrainians, including three women, to help strengthen Ukraine’s sustainable reconstruction capabilities. Delivered in partnership with Lotus Demolition, the training covers safe and circular demolition practices, safety … Read the full press release

Nefco Provides EUR 5 Million Financing to Help Merus Power Scale Energy Storage and Power Quality Solutions Across Europe

(IN BRIEF) Nefco has signed a EUR 5 million loan agreement with Merus Power to support the Finnish company’s international expansion in electrical energy storage and power quality systems. As Europe increases its reliance on renewable energy, demand for storage … Read the full press release

Metso Expands Thickener Technology Lineup with Launch of Its Largest Split Geared Ring Designed for High-Torque Mining Applications

(IN BRIEF) Metso has launched the SCDH4500, its largest split geared ring model, offering a major improvement in thickener maintenance for mining operations. The new two-piece split design reduces installation time by up to 50%, eliminates the need for large … Read the full press release

AstraZeneca Secures FDA Approval for Koselugo to Treat Adults with NF1 Plexiform Neurofibromas Following Positive Phase III KOMET Results

(IN BRIEF) AstraZeneca’s Alexion division has received FDA approval for Koselugo (selumetinib) to treat adults with NF1 who have symptomatic, inoperable plexiform neurofibromas. The decision is based on strong results from the Phase III KOMET trial, which showed a 20% … Read the full press release

AI-Powered Traffic Data Initiative in Switzerland Moves Forward with AFRY’s Expertise and ASE AG Implementation

(IN BRIEF) AFRY has been selected as a subcontractor to ASE AG for a major initiative in Switzerland aimed at enhancing traffic data analysis through artificial intelligence. Commissioned by the Federal Roads Office (FEDRO), the project forms part of the … Read the full press release

New Philips–Cortechs.ai Collaboration Strengthens Precision Brain Diagnostics with Automated MR Analytics

(IN BRIEF) Philips has expanded its partnership with Cortechs.ai to integrate the company’s AI-driven neuroimaging analytics directly into Philips’ MR systems, enabling clinicians to receive automated quantitative brain measurements within the standard MR workflow. The collaboration aims to improve diagnostic … Read the full press release

KUKA Innovation Award Honors Breakthrough Robotic Technology That Enhances Safety and Accuracy in Spinal Operations

(IN BRIEF) Team ULTRATOPIA from KU Leuven and Balgrist University Hospital has won the KUKA Innovation Award 2025 for a medical-robotics solution that uses ultrasound-guided collaborative robots to increase the accuracy and safety of pedicle screw placement during spinal surgery. … Read the full press release

University of Hamburg Maintains Top Sustainability Ranking in Germany and Strengthens Its Position Among the World’s Leading Institutions

(IN BRIEF) The University of Hamburg has once again been ranked the top institution in Germany in the latest QS Sustainability Ranking, retaining its position among the world’s top 50 despite significantly increased competition. With more than 1,500 universities assessed … Read the full press release

Maersk Designates Charlotte as Its North American Headquarters to Support Long-Term Growth and Workforce Expansion

(IN BRIEF) A.P. Moller–Maersk has named Charlotte, North Carolina, as its official North American headquarters, expanding on two decades of operations in the city and committing to grow its local workforce to more than 1,300 employees. The company cited Charlotte’s … Read the full press release

Swiss Civil Protection Renews Partnership with Eviden to Enhance Polyalert System for Multichannel Public Emergency Communications

(IN BRIEF) Eviden, the Atos Group brand specializing in mission-critical and cybersecurity technologies, has received a contract extension from the Swiss Federal Office for Civil Protection to continue maintaining and upgrading Polyalert, the nationwide population alerting system, through 2031 with … Read the full press release

New Study Shows Europe Could Experience Over a Month of Additional Summer Days by 2100 as Arctic Warming Reshapes Atmospheric Patterns

(IN BRIEF) A major new study led by Royal Holloway, University of London — with contributions from the University of Southampton and several European institutions — shows that Europe could gain more than an extra month of summer days by … Read the full press release

University of Southampton Research Shows Southern Westerly Winds Drove Massive Peat Growth and Altered Global Carbon Cycling 15,000 Years Ago

(IN BRIEF) A global team led by the University of Southampton has discovered that ancient peat bogs across the Southern Hemisphere expanded rapidly around 15,000 years ago due to abrupt shifts in the Southern Westerly Winds, a finding published in … Read the full press release

UNESCO Selects SAP’s EDiSON Platform to Strengthen Disaster Preparedness and Climate Resilience in the Solomon Islands

(IN BRIEF) UNESCO has selected SAP’s disaster risk management system EDiSON, developed by SAP Japan and INSPIRATION PLUS, for nationwide deployment in the Solomon Islands, aiming to strengthen early-warning capabilities and improve emergency decision-making in a region highly vulnerable to … Read the full press release

ESET Uncovers PlushDaemon’s Global Cyberespionage Operation Using EdgeStepper to Hijack Software-Update Traffic

(IN BRIEF) ESET researchers have revealed that the China-aligned cyberespionage group PlushDaemon has been deploying adversary-in-the-middle attacks through a newly identified network-device implant called EdgeStepper, which manipulates DNS traffic to divert legitimate software-update requests to attacker-controlled servers. This redirection enables … Read the full press release