Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Ericsson Unveils Advanced RAN Compute Processors for 5G and AI-Powered Networks

(IN BRIEF) Ericsson has introduced its latest generation of processors within the Ericsson RAN Compute portfolio, designed to assist communications service providers (CSPs) in optimizing their networks for 5G Advanced and enhanced artificial intelligence (AI) capabilities. The new RAN Compute … Read the full press release

Hydro Marks 10-Year Investment Milestone in Brazilian Biodiversity Research Consortium

(IN BRIEF) Hydro, the Norwegian aluminum company, has celebrated a decade of investment in the Pará Biodiversity Research Consortium (BRC) in Brazil, amounting to approximately BRL 15 million. Over the years, the BRC has transformed from a formal agreement into … Read the full press release

Hydro Faces Power Supply Disruption as Markbygden Ett Enters Reorganization

(IN BRIEF) Norwegian company Hydro is grappling with a potential disruption in its power supply as Markbygden Ett AB, a power supplier with whom Hydro has a long-term contract, enters into a company reorganization process under the Swedish Reorganization Act. … Read the full press release

Ukraine Awards Rheinmetall Contract for Leopard 1 Systems and Support Services

(IN BRIEF) The Ukrainian government has entered into a contract with Rheinmetall, a German defense company, for the procurement of Leopard 1 systems. The contract includes 25 main battle tanks (Leopard 1A5), five armored recovery vehicles (Bergepanzer 2), and two … Read the full press release

TotalEnergies’ Energy Outlook 2023 Offers Insight into Global Energy Transition

(IN BRIEF) TotalEnergies has released its annual “TotalEnergies Energy Outlook 2023” in preparation for COP28, outlining scenarios for the evolution of global energy demand and the transition to a sustainable energy system by 2050. The report reveals that while the … Read the full press release

NatWest Launches ‘Home Energy Hub’ to Aid UK Homeowners in Sustainability Upgrades

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

(IN BRIEF) NatWest has introduced the “Home Energy Hub,” a platform designed to help all UK homeowners assess the energy efficiency of their residences and take steps towards sustainable improvements. The platform addresses common challenges faced by homeowners, including finding … Read the full press release

RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release

Economic and Societal Threats Outweigh Environmental and Technological Risks, Says World Economic Forum Survey

(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release

BASF Expands Ultrasim® Simulation Portfolio to Optimize Particle Foam Component Manufacturing

(IN BRIEF) BASF is enhancing its Ultrasim® simulation portfolio to include the manufacturing process of components made from particle foam, specifically designed for Infinergy®, an expanded thermoplastic polyurethane (E-TPU) used in various applications like bicycle tires and shoe soles. Ultrasim® … Read the full press release

BASF and Teamplas Collaborate to Enhance Recycling Quality and Create High-Value Products from Post-Consumer Waste

(IN BRIEF) BASF, a global chemical company, and Teamplas Group, a leading Southeast Asian recycled pellets manufacturer, have partnered to improve the recycling process and create high-quality office equipment and car interior parts from post-consumer waste. Teamplas uses BASF’s IrgaCycle® … Read the full press release

Hamburg Chooses Hexagon’s HxGN OnCall Solutions to Enhance Emergency Dispatch Operations

(IN BRIEF) The Free and Hanseatic City of Hamburg, Germany, has partnered with Hexagon’s Safety, Infrastructure & Geospatial division to modernize its emergency dispatch operations and analysis for both the fire and police departments. This initiative is part of Hamburg’s … Read the full press release

Barry Callebaut Appoints Amr Arafa as Chief Digital Officer to Drive Tech-Enabled Transformation

(IN BRIEF) Barry Callebaut, a leading cocoa and chocolate products manufacturer, has appointed Amr Arafa as its Chief Digital Officer (CDO) to spearhead the company’s commitment to becoming an agile and tech-enabled organization. In this newly created role, Arafa will … Read the full press release

ING Repurchases Nearly 21 Million Shares as Part of €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 20,917,201 shares during the week of November 6, 2023, through November 10, 2023, as part of its €2.5 billion share buyback program unveiled on November 2, 2023. The shares were acquired at … Read the full press release

Ørsted Announces Departure of CFO and COO, Initiates Search for New Leadership

(IN BRIEF) Ørsted, a global leader in renewable energy, has announced the departure of two members of its executive management team: Daniel Lerup, Chief Financial Officer (CFO), and Richard Hunter, Chief Operating Officer (COO), by mutual agreement. This decision is … Read the full press release

Valio and St1 Joint Venture Explores Expansion of Biogas Plant Complexes for Renewable Energy Production

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is actively investigating the development of new biogas plant complexes in various regions. Currently, the construction of potential new plant complexes is under consideration in the Kokkola-Pietarsaari, Nivala-Haapavesi, … Read the full press release

Empa Researcher Aims to Enhance Energy Density of Water-Based Flow Batteries for Urban Renewable Energy Storage

(IN BRIEF) Empa researcher David Reber is on a mission to improve the energy density of water-based flow batteries, making them more suitable for storing renewable energy in urban environments. Flow batteries, unlike traditional lithium-ion batteries, store energy in liquid … Read the full press release

Tanzanian Leatherworkers Shine at BIO Africa Convention, Paving the Way for Business Growth

(IN BRIEF) Tanzanian leatherworkers from the Bulawayo Leather Cluster showcased their craftsmanship and commitment to business development at the 2023 BIO Africa Convention, a premier event for innovation and scientific advancement in Africa. The Bulawayo Leather Cluster, supported by Solidaridad’s … Read the full press release

Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release

Offshore Wind Sector Faces Challenges That Could Impact Global Energy Projects, EY Report Warns

(IN BRIEF) The offshore wind sector is experiencing significant turbulence, potentially reshaping the landscape of large-scale energy projects and their financing in the future, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI). Over the past year, offshore … Read the full press release

ANDRITZ to Supply High-Capacity Shredders for Polypropylene Recycling in the US

(IN BRIEF) International technology group ANDRITZ has secured an order from Krones AG, Germany, to provide six ADuro S shredders for a polypropylene (PP) recycling plant in the Southeast United States. These shredders, set to be operational in 2024, offer … Read the full press release