Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Vertiv and Telefónica Extend Collaboration to Enhance Energy Efficiency Across Spain’s Telecom Network

(IN BRIEF) Vertiv and Telefónica are extending their collaboration agreement to enhance energy efficiency across Telefónica’s network core sites in Spain. Building upon the success of their pilot project, which reduced energy consumption by 20% at one of Telefónica’s key … Read the full press release

Telefónica Tech and Teradata Forge Alliance to Drive AI Innovation in Spain

(IN BRIEF) Telefónica Tech has partnered with Teradata to enhance its services portfolio, offering Teradata’s cloud analytics and data platform alongside its advanced professional services. With products like ClearScape Analytics and VantageCloud, the alliance aims to simplify AI model development, … Read the full press release

BASF Monomers Division Achieves Global Sustainability Certification Milestone

(IN BRIEF) BASF’s Monomers division celebrates a significant milestone with the global certification of its production sites in all regions, including the USA, under ISCC PLUS and REDcert2 standards. This achievement enables BASF to offer regionally produced certified isocyanates and … Read the full press release

Deutsche Telekom Expands Netflix Partnership Across Europe, Starting with Croatia and Hungary

(IN BRIEF) Deutsche Telekom Group announces an expanded partnership with Netflix, offering customers in multiple European countries an enhanced entertainment experience. Beginning with Hrvatski Telekom in Croatia and Magyar Telekom in Hungary, Deutsche Telekom’s subsidiaries will integrate Netflix into their … Read the full press release

Deutsche Telekom Launches Secure Generative AI Solution for UKA Group

(IN BRIEF) Deutsche Telekom introduces its secure generative AI solution, Business GPT, to UKA Group, a leading renewable energy project developer, marking its debut as a Business GPT customer. Hosted on Telekom’s cloud environments in Europe, the solution ensures compliance … Read the full press release

Viasat Expands Ground Network to Enhance In-Flight Connectivity with AEGEAN Airlines

(IN BRIEF) Viasat, in partnership with Deutsche Telekom, has expanded its ground network for the European Aviation Network (EAN) to bolster in-flight broadband service in the Eastern Mediterranean Sea region. This expansion, featuring three new ground stations, complements over 300 … Read the full press release

nepes Corporation Advances IC Packaging Capabilities for 3D-IC Era with Siemens Design Solutions

(IN BRIEF) nepes Corporation, a leading global provider of Outsourced Semiconductor Assembly and Test (OSAT) services, has expanded its IC packaging capabilities for the 3D-IC era by adopting advanced design solutions from Siemens EDA. Leveraging Siemens’ industry-leading technologies, including the … Read the full press release

Lloyds Banking Group and Low Carbon Forge Decade-Long Renewables Pact

(IN BRIEF) Lloyds Banking Group has entered a 10-year Power Purchase Agreement (PPA) with Low Carbon, a global renewable energy company, to procure 50 GWh of clean electricity annually from two UK solar farms. This agreement is a significant step … Read the full press release

CACEIS Enhances Client Services with PRIIPs Reporting via Connect Store Partnership

(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release

Eurojust and eu-LISA Pave the Way for Enhanced Digital Judicial Cooperation in the EU

(IN BRIEF) Eurojust and eu-LISA are intensifying their collaboration to bolster the digitalization of judicial cooperation throughout the European Union, as emphasized during a visit by eu-LISA Executive Director Ms Agnès Diallo to The Hague. Discussions centered on fostering closer … Read the full press release

Logicor Completes Expansion of Walki’s Warehouse Facility, Enhancing Sustainability and Capacity

(IN BRIEF) Logicor, a leading European logistics real estate developer, has finalized the construction of a 10,400 sqm storage facility for Walki Sp. z o.o., a protective packaging manufacturer. This expansion, doubling Walki’s space at Logicor Wrocław II to 21,000 … Read the full press release

FDA Gives Nod to Fresenius Kabi’s Tyenne®: A Dual-Format Tocilizumab Biosimilar Advancement

(IN BRIEF) Fresenius Kabi announces FDA approval of Tyenne® (tocilizumab-aazg), the first tocilizumab biosimilar offering both IV and subcutaneous formulations. This marks a significant milestone in the company’s growth strategy (#FutureFresenius) and expands treatment options for inflammatory, autoimmune diseases, and … Read the full press release

EBRD and EU-Funded Program Propel Alaska Hotel’s Sustainability Drive in Tsaghkadzor, Armenia, with Solar Investment

(IN BRIEF) Nestled in Tsaghkadzor, Armenia’s popular health resort, the Alaska Hotel is attracting visitors with its renowned Armenian hospitality and a commitment to sustainability. With support from the European Bank for Reconstruction and Development (EBRD) and the European Union … Read the full press release

Ahold Delhaize Sets Ambitious Greenhouse Gas Emission Targets Aligned with 1.5ºC Trajectory

(IN BRIEF) Ahold Delhaize, along with its local brands, has established Greenhouse Gas (GHG) emission reduction targets aligned with the 1.5ºC trajectory, following the Science Based Targets initiative (SBTi). These targets aim to reduce carbon emissions across operations and the … Read the full press release

European Investment Bank and Housing Finance Bank Collaborate to Boost Women Entrepreneurship in Uganda

(IN BRIEF) The European Investment Bank (EIB) and Uganda’s Housing Finance Bank (HFB) have joined forces to provide a €50 million investment aimed at supporting private sector entities, particularly SMEs, in Uganda. With a special focus on gender inclusion, at … Read the full press release

TowerCo of Africa Uganda Secures US$40 Million Financing to Expand Rural Telecom Infrastructure in Uganda

(IN BRIEF) TowerCo of Africa Uganda has secured a US$40 million financing package from European development finance partners to spearhead the installation of 506 new telecom towers in rural areas of Uganda. This initiative, supported by the European Investment Bank, … Read the full press release

NIB Partners with Nooa Savings Bank to Provide EUR 10 Million Loan for Finnish SMEs

(IN BRIEF) NIB and Nooa Savings Bank Ltd have entered into a EUR 10 million loan agreement aimed at financing small and medium-sized enterprises (SMEs) in Finland. The seven-year maturity loan will support Nooa Savings Bank’s strategic objectives of growing … Read the full press release

Record Free Cash Flow Highlights Brenntag’s Resilience in Volatile Market Conditions

(IN BRIEF) In 2023, Brenntag reported solid financial results despite market challenges, with sales declining by 11.0% due to lower prices and volumes. Operating gross profit reached 4,041.8 million EUR (-3.7%), and operating EBITA stood at 1,265.0 million EUR (-13.1%), … Read the full press release

GSK Reports Positive Results from DREAMM-8 Phase III Trial of Blenrep in Multiple Myeloma Treatment

(IN BRIEF) GSK has announced encouraging findings from the interim analysis of the DREAMM-8 phase III trial evaluating Blenrep (belantamab mafodotin) in combination with pomalidomide plus dexamethasone (PomDex) compared to the standard of care, bortezomib plus PomDex, for relapsed or … Read the full press release

AFRY Management Consulting Report Highlights Challenges of EU Carbon Border Adjustment Mechanism for Electricity Imports from Great Britain

(IN BRIEF) A new report from AFRY Management Consulting commissioned by interconnector businesses and transmission companies sheds light on the potential impact of the EU Carbon Border Adjustment Mechanism (CBAM) on electricity imports from Great Britain (GB). The study identifies … Read the full press release