Category Archives: Business

Business Press Releases & News distributed via EuropaWire

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

BASF Subsidiary, trinamiX, Introduces On-the-Spot Crop Quality Assessment Tool at Agritechnica

(IN BRIEF) trinamiX, a subsidiary of BASF SE, will introduce its innovative technology for on-the-spot nutritional analysis of crops at Agritechnica, a major agricultural machinery trade fair in Hanover, Germany. The system includes a durable handheld device, a user-friendly mobile … Read the full press release

European Society of Cardiology Weighs In on EU Pharmaceutical Legislation Reform, Advocates for Cardiovascular Research Support

(IN BRIEF) The European Society of Cardiology (ESC) has issued a statement regarding the proposed Reform of the EU Pharmaceutical Legislation by the European Commission, currently in negotiation in the European Parliament and the Council. While the ESC supports the … Read the full press release

Alstom Collaborates with Helwan University’s Faculty of Fine Arts to Envision Egypt’s Future Mobility Through Art

(IN BRIEF) Alstom, a global leader in sustainable mobility solutions, is partnering with the Faculty of Fine Arts at Helwan University as part of its participation in the TransMEA Expo. This innovative collaboration merges artistry and public engagement to imagine … Read the full press release

EQT Infrastructure to Acquire Statera Energy, Boosting UK’s Flexible Energy Generation and Storage

(IN BRIEF) EQT Infrastructure has announced its acquisition of Statera Energy Limited from InfraRed Capital Partners, a move that aligns with the evolving landscape of the UK’s energy sector. As the country shifts towards decarbonization and increased electrification, the role … Read the full press release

Marel Sets the Stage for the Future of Fish Processing at Upcoming Exhibitions

(IN BRIEF) Marel, a leading company in fish processing solutions, reflects on the resilience and innovation seen in the fish processing industry during recent exhibitions. They express excitement and optimism for upcoming exhibitions and highlight their commitment to showcasing innovation, … Read the full press release

Traditional Craftsmanship Workshop Joins Maison Boucheron for High Jewelry Excellence

(IN BRIEF) Boucheron, a prominent luxury jewelry brand, has expanded its High Jewelry expertise by acquiring a well-regarded workshop known for its traditional craftsmanship. Located near Place Vendôme in Paris, this strategic acquisition enhances Maison Boucheron’s production capacity for High … Read the full press release

Franck Oniga Named CEO of Sofinco as Crédit Agricole Consumer Finance Pursues Growth Strategy

(IN BRIEF) Crédit Agricole Consumer Finance has announced the appointment of Franck Oniga as the Chief Executive Officer of Sofinco and a member of the Group Executive Committee, effective from January 8, 2024. Oniga will report to Stéphane Priami, CEO … Read the full press release