Category Archives: Business

Business Press Releases & News distributed via EuropaWire

University of Glasgow Launches World’s First 6G Communications Research Lab, TiC6G

(IN BRIEF) The University of Glasgow has officially inaugurated the Terahertz On-chip Circuit Test Cluster for 6G Communications and Beyond (TiC6G), a pioneering research lab focused on advancing 6G communications technologies. Funded by a £2.6 million grant from the Engineering … Read the full press release

Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release

Outokumpu and CRONIMET Strengthen Partnership to Boost Circular Economy and Reduce CO2 Emissions in Stainless Steel Production

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and CRONIMET, a global leader in recycled stainless steel, are expanding their collaboration to enhance the sourcing and supply of high-quality scrap in Northeastern Europe. Outokumpu has agreed to acquire … Read the full press release

Outokumpu’s Restructuring Moves in Germany: Strengthening Global Advanced Materials Leadership

(IN BRIEF) Outokumpu, a global leader in advanced materials, has unveiled plans for restructuring measures in Germany as part of its strategy to enhance competitiveness and maintain a strong position in the global market for advanced materials. The company aims … Read the full press release

Leading AM Companies Unite to Launch AM I Navigator Initiative at Formnext Event

(IN BRIEF) A consortium of leading additive manufacturing companies, including Siemens, DyeMansion, BASF Forward AM, EOS, and HP, has introduced the AM I Navigator Initiative at the Formnext event. This initiative presents a comprehensive maturity model to guide companies through … Read the full press release

Ulrika Ritzén Appointed Head of Onshore Wind at Vattenfall’s Business Area Wind

(IN BRIEF) Vattenfall has appointed Ulrika Ritzén as the new Head of Onshore Wind in its Business Area Wind, with her tenure set to begin on November 13, 2023. Ulrika, who brings extensive experience from her time at ABB Group … Read the full press release

University of Exeter Launches Creative Quadrant to Foster Entrepreneurship and Innovation

(IN BRIEF) The University of Exeter has inaugurated the Creative Quadrant (CQ), a new space within the University of Exeter Business School designed to inspire budding entrepreneurs and cultivate contemporary business skills among students. The CQ encourages students to engage … Read the full press release

EIB and Intesa Sanpaolo Collaborate on €100m Loan to Promote Green Transition in Italian Public Sector

(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have entered into an agreement for a €100 million loan to facilitate the green transition of the public sector and publicly owned companies in Italy. This initiative marks the first … Read the full press release

bp Commences Production from Seagull Oil and Gas Field, Boosting North Sea Energy Supplies

(IN BRIEF) bp has successfully initiated production from the Seagull oil and gas field in the UK North Sea, marking a significant milestone for energy supply and job support in the region. Developed by Neptune Energy, Seagull serves as a … Read the full press release

Equinor Makes Commercially Viable Gas Discovery Near Gina Krog Field in the North Sea

(IN BRIEF) Equinor has announced a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, it is considered commercially viable due to its ability to leverage existing infrastructure by the … Read the full press release

Bosch Ventures and Partners Invest Over $500 Million in AI Startup Aleph Alpha to Advance Generative AI

(IN BRIEF) Bosch Ventures, in collaboration with the Schwarz Group and the Innovation Park AI (Ipai), is leading a Series B investment round in the AI startup Aleph Alpha, raising more than $500 million in funding. This funding will enable … Read the full press release

NatWest Enhances Virtual Assistant ‘Cora’ with Generative AI for Improved Customer Engagement

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

(IN BRIEF) NatWest, in collaboration with IBM, has announced updates to its virtual assistant, Cora, utilizing generative AI to provide customers with an expanded range of information through conversational interactions. This innovation makes NatWest one of the first banks in … Read the full press release

All-New Volkswagen Tiguan Unveiled: Enhanced Design, Advanced Technology, and Sustainable Drivetrains

(IN BRIEF) Volkswagen has launched pre-sales for the latest generation of the Tiguan SUV in Europe. This new iteration of the popular model boasts a complete redesign and significant improvements in various aspects. It introduces hybrid powertrains with an electric … Read the full press release

Eni and Saipem Join Forces to Develop Sustainable Aviation Fuel and Biofuel Production

(IN BRIEF) Eni and Saipem have entered into an agreement to advance the development of biorefining technologies, aligning with their decarbonization objectives. The agreement focuses on exploring the construction of plants for the production of sustainable aviation fuel (biojet) and … Read the full press release

Corporate Heroes: Businesses Rally to Support Ukraine Amidst Geopolitical Turmoil

(IN BRIEF) Despite the ongoing conflict in Ukraine and geopolitical uncertainties, numerous companies from both Ukraine and around the world have demonstrated remarkable support by offering financial, material, and essential resources to aid the Ukrainian government and its people. This … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

Finnish Researchers Investigate Medication Discontinuation Success in Chronic Myeloid Leukaemia Patients

(IN BRIEF) Researchers in Finland have conducted a study to understand why some chronic myeloid leukaemia (CML) patients can safely discontinue their daily medication. CML is a type of blood cancer, and targeted drugs have significantly improved patient outcomes. However, … Read the full press release

Ramboll Strengthens Management Consulting Practice with Acquisition of Strategy Implementation Specialist acondas

(IN BRIEF) Ramboll has continued to bolster its Management Consulting practice by acquiring acondas, a renowned Germany-based management consultancy specializing in strategy implementation, sustainability transformation, value enhancement, and transaction advice. This acquisition adds 40 highly skilled consultants to Ramboll’s team. … Read the full press release

REN Honored for Innovative Fire Prevention Project Using Garrano Horses in Portugal

(IN BRIEF) REN – Redes Energéticas Nacionais has received recognition from the Portuguese Corporate Ethics Association (APEE) for its unique fire prevention project in Serra da Cabreira, employing Garrano horses. The project, acknowledged with both the AGIR Award and an … Read the full press release

AFRY Secures Framework Agreement to Enhance Sweden’s Electricity Distribution Network for Renewable Energy Integration

(IN BRIEF) AFRY, a prominent player in industry, energy, and infrastructure, has been awarded a significant framework agreement with Vattenfall Eldistribution, one of Sweden’s largest Distribution System Operators (DSOs). Under this agreement, AFRY will provide a range of technical consulting … Read the full press release