Category Archives: Business

Business Press Releases & News distributed via EuropaWire

ISID and AVL Forge Innovative Partnership to Revolutionize Manufacturing Processes

(IN BRIEF) In a groundbreaking collaboration, Information Services International-Dentsu (ISID) and AVL, headquartered in Tokyo and Graz, Austria, respectively, have joined forces to reshape product development in the manufacturing industry. Their shared mission is to offer advanced digital solutions and … Read the full press release

Skanska Affirms Financial Targets at Capital Markets Day in London

(IN BRIEF) Skanska, a construction and development company, reaffirmed its existing financial targets during its Capital Markets Day in London. The Group President and CEO, Anders Danielsson, provided an update on the business strategy and commercial direction moving forward. Skanska … Read the full press release

BMT and Strategic Marine Form Partnership to Advance Sustainable Offshore Wind Crew Vessels

(IN BRIEF) BMT has entered into a Long-Term Agreement (LTA) with Singapore-based Strategic Marine, aiming to drive the offshore wind crew vessel industry toward greater sustainability. This partnership will focus on enhancing the StratCat range of Crew Transfer Vessel (CTV) … Read the full press release

Marloes van Kooten to Take Over as Managing Director Purchasing at Witt Group

(IN BRIEF) Marloes van Kooten will be joining the Witt Group management team on March 1, 2024, with plans to succeed Stefanie Zühlke-Schmidt as Managing Director Purchasing on September 1, 2024, following a six-month onboarding period. Marloes brings over 30 … Read the full press release

Viasat’s Arctic Satellite Broadband Project Moves Forward with Successful Thermal Vacuum Testing

(IN BRIEF) Viasat, a global leader in satellite communications, has achieved a significant milestone in its Arctic Satellite Broadband Mission. The second satellite in the project, led by Space Norway subsidiary Heosat, has completed thermal vacuum testing at Northrop Grumman’s … Read the full press release

Merck Expands Biologics Testing Center in China to Support Local Biopharma Innovation

(IN BRIEF) Merck has completed the second phase of its new €29 million Biologics Testing Center in China, adding 1,500 square meters to the facility. This expansion includes the first biosafety laboratories for Merck in the Chinese market, enabling clients … Read the full press release

Iberdrola Partners with Lisbon City Council to Illuminate Historic City Hall

(IN BRIEF) Iberdrola, through its Foundation, has entered into a collaborative agreement with the Lisbon City Council to undertake an ornamental lighting project for the Paços do Concelho. The project involves the replacement and refurbishment of the lighting on the … Read the full press release

North Seas Energy Ministers Pledge to Build 260 GW of Offshore Wind Power by 2050

(IN BRIEF) Energy Ministers from ten North Seas Energy Cooperation (NSEC) countries, including the Netherlands, convened in The Hague, where they agreed on an updated NSEC Action Agenda aimed at boosting the expansion of offshore wind power in Europe. The … Read the full press release

GSK Initiates Phase III Trials for Low Carbon Inhaler to Drastically Cut Emissions

(IN BRIEF) GSK, a leading pharmaceutical company, has unveiled plans to conduct Phase III trials in 2024 for a low carbon version of its popular inhaler, Ventolin (salbutamol). The initiative aims to reduce greenhouse gas emissions associated with the inhaler’s … Read the full press release

Neste and Hightowers Petroleum Partner to Provide High-Quality Renewable Diesel in Midwest

(IN BRIEF) Neste has teamed up with Hightowers Petroleum to offer Neste MY Renewable Diesel™ in the Midwest region. This strategic partnership aims to meet the growing demand for lower-emission fuels, particularly from the automotive industry. Neste MY Renewable Diesel, … Read the full press release

Kapsch TrafficCom AG Successfully Completes Placement of 1.3 Million New Shares

(IN BRIEF) Kapsch TrafficCom AG has successfully completed the placement of 1.3 million new shares, representing 10% of its existing share capital. These newly issued shares were divided into 477,217 shares against cash contributions and 822,783 shares against contributions in … Read the full press release

Mercedes-Benz Ranks Seventh Among Most Valuable Global Brands in 2023

(IN BRIEF) Mercedes-Benz has strengthened its position as the world’s most valuable luxury automobile brand, moving up to the seventh spot in the “Best Global Brands 2023” ranking. The brand’s value has increased by nine percent, highlighting its consistent transformation … Read the full press release

Barclays Appoints JB Patois as Head of Equity Derivatives for Asia Pacific

(IN BRIEF) Barclays has announced the appointment of Jean-Baptiste (JB) Patois as the Head of Equity Derivatives ex-Strategic Derivatives, Asia Pacific, based in Hong Kong. In this role, Mr. Patois will lead the Exotics and Flow Derivatives teams. He will … Read the full press release

Equinor Announces Second Quarter 2023 Dividend Payouts

(IN BRIEF) Equinor ASA has disclosed the dividend payouts for the second quarter of 2023. The company will distribute an ordinary cash dividend of USD 0.30 per share and an extraordinary cash dividend of USD 0.60 per share. The NOK … Read the full press release

ING Completes €2.5 Billion Share Buyback Program Milestone

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

(IN BRIEF) ING has provided an update on its €2.5 billion share buyback program, announcing that it repurchased 22,842,425 shares during the week of November 13, 2023, through November 17, 2023. These shares were acquired at an average price of … Read the full press release

ZF Unveils Innovative Mobility Solutions at ‘Next Generation Mobility Days’ in Shanghai

(IN BRIEF) ZF, the technology company, showcased its cutting-edge technology portfolio to over 600 representatives from around 40 Chinese automobile manufacturers during its “Next Generation Mobility Days” event in Shanghai. The event featured driving demonstrations and technical discussions, where customers … Read the full press release

SIX Introduces AI-Powered Tool to Enhance Corporate Actions Data Retrieval

(IN BRIEF) SIX, a global financial information provider, has launched SIX Bot, an automated software application that provides financial professionals with access to corporate actions data. This tool allows users to ask questions about corporate actions events, delivering real-time information … Read the full press release

Vivendi Becomes Global Leader in Publishing and Travel Retail with Lagardère Merger

(IN BRIEF) Vivendi has successfully completed a major transaction with the Lagardère group, solidifying its position as a global leader in culture, media, and entertainment. This strategic move enhances Vivendi’s presence in publishing, travel retail, and experiences, while also providing … Read the full press release

Metso Secures EUR 10 Million Order for Tankhouse Material Handling Solution from Freeport-McMoRan’s El Paso Electrorefinery

(IN BRIEF) Freeport-McMoRan has awarded a significant order to Metso for the delivery of a state-of-the-art tankhouse material handling solution to its El Paso electrorefinery in Texas, USA. The order, valued at over EUR 10 million, has been booked in … Read the full press release

Kapsch TrafficCom Plans Capital Increase to Strengthen Equity Base

(IN BRIEF) Kapsch TrafficCom AG has announced its decision to pursue a capital increase from authorized capital by issuing up to 1,300,000 new ordinary no-par value bearer shares, representing up to 10% of the existing share capital. This capital increase … Read the full press release