Category Archives: Business

Business Press Releases & News distributed via EuropaWire

AFRY Chosen as General Designer for Prague’s Savarin Palace Redevelopment Project

(IN BRIEF) Crestyl Group has selected AFRY as the general designer for the Savarin Palace complex, a prominent urban development endeavor in the heart of Prague, Czech Republic. This project involves the revitalization of a historical area and has been … Read the full press release

Thales Alenia Space Signs Contract to Provide Earth Observation Constellation for Indonesian Ministry of Defence

(IN BRIEF) Thales Alenia Space, a joint venture between Thales and Leonardo, has inked a multi-mission agreement with PT Len Industri to develop an advanced Earth observation constellation featuring both radar and optical sensors for the Indonesian Ministry of Defence … Read the full press release

€500 Million Investment to Boost Sustainable Rail Travel in Italy

(IN BRIEF) In a significant move towards promoting sustainable mobility, the European Investment Bank (EIB) has committed €500 million to Ferrovie dello Stato Italiane S.p.A. (FS) to enhance rail services in Italy’s Campania and Lazio regions. This partnership aims to … Read the full press release

ANDRITZ Collaborates with Sfilacciatura Negro for New Textile Recycling Line in Italy

(IN BRIEF) ANDRITZ has successfully initiated operations for a new textile recycling line at Sfilacciatura Negro’s facility in Biella, Italy. This state-of-the-art tearing line is designed to process post-consumer textile waste while automatically removing hard parts. Sfilacciatura Negro, with a … Read the full press release

Rheinmetall Electronics UK Commits to Supporting Armed Forces Community Through Covenant Signing

(IN BRIEF) Rheinmetall Electronics UK Ltd has demonstrated its dedication to supporting the Armed Forces Community by signing the Armed Forces Covenant. The company’s commitment includes recognizing and valuing the contributions of serving personnel, veterans, reservists, and their families to … Read the full press release

Alfa Laval Chosen for Maersk’s Pioneering Methanol Retrofit Project

(IN BRIEF) Alfa Laval’s FCM Methanol fuel supply system has been selected by Maersk for their groundbreaking methanol retrofit project on the container vessel Maersk Halifax. This achievement highlights the viability of retrofitting ships for methanol-based propulsion, marking a significant … Read the full press release

Lightsource bp and REA Discuss Solar Power’s Role in a People-Centric and Nature-Friendly Energy Transition at COP28

(IN BRIEF) Lightsource bp and the UK’s Renewable Energy Association (REA) convened a high-level roundtable discussion during COP28, focusing on the role of solar power in facilitating an energy transition that prioritizes both people and nature. With 117 nations aiming … Read the full press release

NatWest and BCG Report Highlights £900 Billion Investment Requirement for UK’s Net Zero Energy Supply

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest and Boston Consulting Group (BCG) have released a report emphasizing the substantial financial investment needed to achieve a net-zero energy supply in the UK by 2050, estimating the capital expenditure requirement at over £900 billion. This investment … Read the full press release

Deutsche Telekom and Qualcomm Pioneer Next-Generation Emergency Call System for Vehicles

(IN BRIEF) Deutsche Telekom, Qualcomm Technologies, Inc., and cetecom advanced are leading the charge in modernizing the mobile network infrastructure for automatic emergency call systems in vehicles. While eCall systems have been mandatory in new vehicle models since April 2018, … Read the full press release

T-Systems and Anaqor AG Partner to Simplify Quantum Computing for European Businesses

(IN BRIEF) T-Systems and Anaqor AG have joined forces to facilitate businesses’ entry into quantum technology. Anaqor AG’s PlanQK platform offers ready-made quantum algorithms and applications, while T-Systems provides access to real quantum computers and consulting services. This collaboration empowers … Read the full press release

Bentley Budapest Marks Five Years of Luxury Mobility in Europe with Exclusive Anniversary Celebration

(IN BRIEF) Bentley Budapest is commemorating its five-year partnership with Bentley Motors in the heart of Europe. Since its establishment in 2018, the Budapest facility has served an increasing number of customers drawn to Bentley’s prestigious model lineup, including the … Read the full press release

Bentley’s Speed Six Continuation Series Enters Testing Phase as Final Blower Series Cars Delivered

(IN BRIEF) Bentley has commenced the main testing phase for its Speed Six Continuation Series after delivering the final Blower Continuation Series customer car. These continuation series models, which faithfully replicate the originals from the 1930s, have been highly anticipated … Read the full press release

Revolutionizing Open RAN: RDSL Framework Simplifies Software-Hardware Integration

(IN BRIEF) Vodafone, in partnership with Cirrus360 and Intel, has introduced a pioneering solution in the field of Open Radio Access Networks (RAN). Their groundbreaking RAN Domain Specific Language (RDSL), detailed in a comprehensive white paper, offers a revolutionary approach … Read the full press release

BASF Commits to Scope 3.1 Emission Reductions, Targets Net Zero by 2050

(IN BRIEF) BASF, a major player in the chemical industry, has announced new sustainability commitments, including targets for Scope 3.1 emissions. The company aims to reduce its specific Scope 3.1 emissions by 15% by 2030 compared to 2022 levels. This … Read the full press release

BASF and Heidelberg University Commit to Advancing Sustainable Chemistry with Catalysis Research Lab (CaRLa) Extension

(IN BRIEF) BASF and Heidelberg University have extended their partnership for another five years to continue operating the Catalysis Research Laboratory (CaRLa) until 2028. CaRLa, founded in 2006, focuses on homogeneous catalysis and organic synthesis, with the aim of developing … Read the full press release

Sustainability Milestones: Siemens’ Fiscal Year 2023 Report

(IN BRIEF) Siemens has released its Sustainability Report for fiscal year 2023, highlighting substantial progress in sustainability efforts. Since 2019, the company has reduced its own CO2 emissions by 50%. Over 90% of Siemens’ business supports sustainability, helping customers avoid … Read the full press release

Navigating 2024: BNP Paribas Identifies Key Investment Trends

(IN BRIEF) BNP Paribas Wealth Management has outlined key investment themes for 2024. These include seeking real returns through inflation-protected income, investing in sectors benefiting from the shift away from globalization, capitalizing on energy transition and electrification, diversifying portfolios beyond … Read the full press release

University of Exeter to Lead €9.75 Million Research Project Addressing Inequality and Discrimination in Europe

(IN BRIEF) Professor Susan Banducci from the University of Exeter will lead the Infra4NextGen research project, funded by the European Commission with €9.75 million over four years, to address inequality, racism, and xenophobia in Europe. The research aims to support … Read the full press release

University of Exeter Ranks 30th Globally in QS Sustainability Rankings 2024, Acknowledging Commitment to ESG Challenges

(IN BRIEF) The University of Exeter has achieved a global ranking of 30th in the QS Sustainability Ranking 2024, which evaluates universities’ efforts to address Environmental, Social, and Governance (ESG) challenges. Exeter also secured 15th place in Europe and 10th … Read the full press release

Intesa Sanpaolo Wins Two Top Prizes at Qorus-Accenture Banking Innovation Awards

(IN BRIEF) Intesa Sanpaolo, the Italian banking group, has received two first-place awards at the Qorus-Accenture Banking Innovation Awards. The awards recognize innovations in banking on a global level. Intesa Sanpaolo won in the categories of “Neobanks & Specialized Players” … Read the full press release