Category Archives: Business

Business Press Releases & News distributed via EuropaWire

ANDRITZ Announces Resignation of Domenico Iacovelli from Executive Board

(IN BRIEF) ANDRITZ, a leading international technology group, has announced the amicable resignation of Domenico Iacovelli, effective December 31, 2023. Iacovelli, who played a crucial role in overseeing the Metals business area, will be stepping down from the Executive Board. … Read the full press release

Kapsch TrafficCom and OCTA Unveil Cutting-Edge I-405 Express Lanes System, Transforming Commuting in Southern California

(IN BRIEF) On December 1st, the Orange County Transportation Authority (OCTA) celebrated the opening of the I-405 Express Lanes system, a pioneering infrastructure project designed and built by Kapsch TrafficCom. The state-of-the-art system, featuring FasTrak® transponder technology, offers commuters an … Read the full press release

DNV Continues to Lead Hydrogen Pipeline Research with NGT’s Expansion of FutureGrid

(IN BRIEF) DNV is at the forefront of advancing hydrogen pipeline research through its partnership with National Gas Transmission (NGT) in the expansion of the groundbreaking FutureGrid project. NGT, supported by DNV and other collaborators, secured two Strategic Innovation Funded … Read the full press release

Dassault Aviation Expands Use of 3DEXPERIENCE Platform for Enhanced Fleet Maintenance

(IN BRIEF) Dassault Aviation has extended its utilization of Dassault Systèmes’ 3DEXPERIENCE platform, hosted on a sovereign cloud, to enhance the maintenance, repair, and overhaul (MRO) processes for its Rafale aircraft fleet serving the French Ministry of Armed Forces. The … Read the full press release

bp and BWT Alpine F1 Team Join Forces to Boost Energy Efficiency and Sustainability

(IN BRIEF) bp and BWT Alpine F1 Team have announced a partnership focused on enhancing energy efficiency and sustainability at the Alpine F1 Team’s Enstone facility in Oxfordshire. The collaboration leverages bp’s advanced data measurement and analysis tools, including DIGBOX®, … Read the full press release

TotalEnergies Agrees to 5% Salary Increase and Value Sharing Bonus for French Employees

(IN BRIEF) TotalEnergies has signed a wage agreement for 2024 with majority approval (71%) from the CFE-CGC, CFDT, and CAT trade unions. The agreement covers approximately 14,000 employees in France who fall under the Common Corpus of Employee Relations Agreements … Read the full press release

Equinor to Acquire Shell’s Stake and Operatorship of Linnorm Discovery in Norwegian Sea

(IN BRIEF) Equinor has reached an agreement to purchase Shell’s equity stake and operatorship of the Linnorm discovery in the Norwegian Sea. This acquisition will grant Equinor a 30% interest in PL 255, which covers the Linnorm discovery, subject to … Read the full press release

CUPRA and Wilson Introduce Revolutionary LT Padel Racket Inspired by UrbanRebel Racing Concept

(IN BRIEF) CUPRA, in collaboration with Wilson Sporting Goods Co., has revealed the innovative CUPRA Wilson LT Padel Racket, the third racket developed under this partnership. Designed entirely by CUPRA and crafted by Wilson, the racket draws inspiration from CUPRA’s … Read the full press release

Claudia Cordioli Appointed as Zurich Insurance Group’s New CFO

(IN BRIEF) Zurich Insurance Group has announced the appointment of Claudia Cordioli as Group Chief Financial Officer (CFO), effective from March 1, 2024, pending regulatory approval. Cordioli will also become a member of the Executive Committee. She will succeed George … Read the full press release

Orange Acquires Treasury Shares for Long-Term Incentive Plans

(IN BRIEF) Orange has announced its purchase of treasury shares as part of its 2023 share buyback program. These shares have been acquired to fulfill obligations related to long-term incentive plans designed for corporate officers and senior employees. These incentive … Read the full press release

European Payments Initiative (EPI) Completes Successful Account-to-Account Instant Payment Transactions with wero

(IN BRIEF) The European Payments Initiative (EPI) has achieved a significant milestone by successfully completing its first account-to-account instant payment transactions using its newly developed solution, wero. In a proof of concept conducted between Sparkasse Elbe-Elster in Germany and Banque … Read the full press release

Groupe BPCE Announces Key Leadership Appointments to Drive Growth and Transformation

(IN BRIEF) Groupe BPCE has made significant senior executive appointments to strengthen its leadership team. Corinne Cipière has been named the Chief Executive Officer of BPCE Assurances, responsible for life & personal protection insurance and non-life insurance. Philippe Setbon has … Read the full press release

LSEG Selected by Banque Centrale de Mauritanie for Financial Modernization Project

(IN BRIEF) London Stock Exchange Group (LSEG) has been chosen as a strategic partner by the Banque Centrale de Mauritanie (BCM) for its Financial Infrastructure Modernization Programme, funded by the African Development Bank. This initiative aims to modernize Mauritania’s financial … Read the full press release

Global Logistics Revolution: Vodafone and Industry Titans Drive Cargo Automation

(IN BRIEF) Vodafone, Sumitomo Corporation, Deloitte, and Nexxiot have formed a strategic partnership to offer advanced digital services that streamline the global movement of goods. This collaborative effort aims to automatically verify data related to cargo movement and content, enabling … Read the full press release

Cobot Revolution: Mecalux and Siemens Pioneer Collaborative Warehouse Automation

(IN BRIEF) Mecalux, a global provider of warehouse solutions, and Siemens have partnered to enhance industrial automation technologies. They have introduced a pioneering solution, utilizing artificial intelligence, to optimize warehouse picking tasks. The solution, based on Siemens’ Xcelerator platform, leverages … Read the full press release

Repsol Receives First Shipment of Used Cooking Oil for Spain’s First Renewable Fuels Plant

(IN BRIEF) Repsol’s industrial complex in Cartagena has welcomed the arrival of the first ship carrying 7,500 tons of used cooking oil, which will serve as a raw material for Spain’s inaugural renewable fuels plant. As part of its transformation … Read the full press release

Škoda Auto Ventures into Fortnite with ‘Out of Bounds Odyssey’ to Connect with Gen Z Gamers

(IN BRIEF) Škoda Auto, known for its innovation in the digital realm, is reaching out to younger audiences by introducing its brand within the popular online video game Fortnite. The carmaker has crafted a unique gaming experience with the Fortnite … Read the full press release

BNP Paribas Launches Climate Impact Infrastructure Debt Initiative to Finance Climate Change Mitigation

(IN BRIEF) BNP Paribas has introduced the BNP Paribas Climate Impact Infrastructure Debt initiative, backed by BNP Paribas Asset Management (BNPP AM), BNP Paribas Corporate & Institutional Banking (BNPP CIB), and BNP Paribas Cardif, as part of their aligned commitments … Read the full press release

Mercedes-Benz Extends Management Contracts of Key Executives and Proposes New Member for Supervisory Board

(IN BRIEF) During a recent Supervisory Board meeting, Mercedes-Benz Group AG announced the extension of management contracts for two key executives. Sabine Kohleisen, the Board Member for Human Resources & Labour Director, had her contract extended until November 30, 2025, … Read the full press release

Catherine Macaulay of Schroders Wins Young Professional of the Year Award at Environmental Finance Impact Awards

(IN BRIEF) Catherine Macaulay, the Impact Investment Lead at Schroders, has been honored with the Young Professional of the Year/Rising Star award at the Environmental Finance Impact Awards. The awards recognize the contributions of impact investors worldwide and showcase best … Read the full press release