Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Volkswagen and Mahindra Strike Major Deal for Electric Mobility Advancement

(IN BRIEF) In a significant move towards advancing their joint vision for e-mobility, Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed a landmark supply agreement for components of Volkswagen’s MEB platform to be integrated into Mahindra’s purpose-built electric … Read the full press release

EIB Group Expands Baltic Presence with New Offices in Riga and Tallinn

(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release

Outokumpu Oyj repurchased 80,325 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu finalized its share repurchase program on February 15, 2024, purchasing shares on two trading venues. The total cost amounted to EUR 330,701.62 for 80,325 shares. This action is in line with the company’s previously announced buyback program … Read the full press release

AI in Museums: Enhancing Storytelling with Responsible Innovation

(IN BRIEF) Dr. Richard Carter, a University of York academic, is leading a project exploring the responsible use of artificial intelligence (AI) in the museum and heritage sector to revolutionize storytelling and enrich visitor experiences. The project, funded by the … Read the full press release

Unveiling Prehistoric Life: Star Carr Exhibition at Yorkshire Museum Showcases Mesolithic Artefacts

(IN BRIEF) A remarkable exhibition at the Yorkshire Museum, titled “Star Carr: Life after the ice,” unveils a treasure trove of artefacts discovered during excavations led by a University of York researcher at the renowned Middle Stone Age site of … Read the full press release

Henkel Expands Maintenance, Repair, and Overhaul (MRO) Solutions with Acquisition of Seal for Life Industries LLC

(IN BRIEF) Henkel, a global leader in adhesive technologies, has announced the acquisition of Seal for Life Industries LLC, a US-based provider of protective coating and sealing solutions, from Arsenal Capital Partners. With Seal for Life’s expertise in infrastructure markets … Read the full press release

Empa Researcher Awarded Entrepreneur Fellowship to Harness Industrial Waste Heat with Innovative Technology

(IN BRIEF) Empa researcher Andyn Omanovic, in collaboration with etavalve GmbH, a spin-off of Empa and ETH Zurich, is poised to revolutionize the utilization of industrial waste heat. Omanovic’s innovative piston machine, equipped with an electro-hydraulically actuated valve control system, … Read the full press release

Kapsch TrafficCom Earns Top Marks in Carbon Disclosure Project for Second Consecutive Year

(IN BRIEF) Kapsch TrafficCom secures the third-highest grade in the annual Carbon Disclosure Project (CDP) for the second year running, showcasing its commitment to climate action and sustainability. Surpassing competitors in the electrical and electronic equipment sector, Kapsch TrafficCom’s exemplary … Read the full press release

Rheinmetall’s Joint Venture Secures Major Healthcare Sector Order for Innovative Fatigue Detection System

(IN BRIEF) Rheinmetall Dermalog SensorTec GmbH, a joint venture between Rheinmetall AG and DERMALOG Identification Systems GmbH, has clinched a significant order from a leading healthcare company for a cutting-edge system designed to detect distraction and fatigue during final quality … Read the full press release

Alfa Laval Releases Updated Pump Handbook: A Comprehensive Guide to Pump Selection and Efficiency

(IN BRIEF) Alfa Laval has unveiled the latest edition of its esteemed Pump Handbook, a 375-page resource offering detailed insights into pump functionality, selection, and efficiency optimization. Originally introduced 25 years ago, the handbook has become a staple in engineering … Read the full press release

Veolia Foundation Launches 2024 Student Solidarity Prize: Fostering Innovation and Social Impact

(IN BRIEF) Veolia Foundation’s annual Student Solidarity Prize 2024 has been announced, inviting student associations to submit their projects aimed at addressing social, environmental, and developmental challenges. Until April 30, 2024, student-led initiatives can vie for recognition and support, with … Read the full press release

Moldova’s Diaspora Returns to Drive Reform: A Strategic Initiative for European Integration

(IN BRIEF) Moldova’s aspiration for EU membership is met with the recognition of significant challenges in key sectors like energy, trade, and banking. In response, the European Bank for Reconstruction and Development (EBRD) formulated the Reform Support Team (RST) program, … Read the full press release

Škoda Auto Showcases Commitment to Sustainability in New Museum Exhibition

(IN BRIEF) Škoda Auto’s latest exhibition at the Škoda Museum in Mladá Boleslav highlights the company’s dedication to electrification and sustainability, running until June 16th. Featuring historical and current environmental projects, the exhibit details Škoda’s strategies to reduce emissions throughout … Read the full press release

Vodafone Introduces Next-Gen XR Experience with HyperRealityHub at MWC 2024

(IN BRIEF) Vodafone introduces HyperRealityHub and 5G Network advancements at Mobile World Congress 2024. The HyperRealityHub offers lightweight glasses and shared immersive experiences, while the upgraded 5G Network in a Box provides enhanced processing power and portability. Additionally, Vodafone unveils … Read the full press release

Vodafone Debuts Next-Gen Raspberry Pi-Based 5G Network for Small Businesses

(IN BRIEF) Vodafone is introducing an enhanced version of its 5G Network in a Box at the Mobile World Congress (MWC) 2024. Developed with Lime Microsystems, this portable 5G network, housed on a Raspberry Pi, offers expanded features and capabilities. … Read the full press release

bp’s GTA LNG Project Reaches Crucial Milestone with FLNG Vessel’s Arrival

(IN BRIEF) The floating liquefied natural gas (FLNG) vessel for the Greater Tortue Ahmeyim (GTA) LNG project, operated by bp and partners, has reached its destination on the maritime border of Mauritania and Senegal. This vessel, named Gimi, is a … Read the full press release

Elke Anderl Appointed as Head of Sales for Germany at T-Systems

(IN BRIEF) Elke Anderl has been appointed as the new Head of Sales for Germany at T-Systems International GmbH. With 16 years of experience in sales and service, Anderl brings extensive expertise from the automotive and telecommunications sectors. In her … Read the full press release

Deutsche Telekom, ServiceNow, and Cisco Unveil Future-Ready Retail Solutions at EuroCIS Trade Fair

(IN BRIEF) Deutsche Telekom, along with partners ServiceNow and Cisco, will showcase innovative retail solutions at the EuroCIS trade fair in Düsseldorf. These solutions, including “Instore Task Management” and “Law Monitoring,” aim to streamline operations and ensure compliance with evolving … Read the full press release

ANDRITZ to Upgrade Evaporation Plant at Moorim P&P’s Ulsan Mill for Enhanced Efficiency

(IN BRIEF) International technology group ANDRITZ has secured an order from Moorim P&P in South Korea to upgrade the evaporation plant at its Ulsan mill, aimed at improving efficiency and resource conservation. The refurbishment project will focus on increasing the … Read the full press release

Outokumpu Oyj repurchased 350,906 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has finalized the repurchase of its own shares, as outlined in its recently announced buyback program. The company completed transactions across multiple trading venues, acquiring a total of 350,906 shares at an average price of EUR 4.1 … Read the full press release