Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Gasum Partners with Wasaline to Manage EU Allowances Portfolio

(IN BRIEF) Gasum Portfolio Services has been chosen by shipping company Wasaline to manage its EU Allowances (EUA) portfolio, following the extension of the EU emissions trading system to include the maritime sector at the beginning of 2024. This partnership … Read the full press release

Capra Robotics Enhances Autonomous Mobile Robots with Telekom IoT Services and Precise Positioning Solution

(IN BRIEF) Capra Robotics, a Danish leader in autonomous robotics, partners with Deutsche Telekom and Swift Navigation to enhance the capabilities of its mobile robots. Leveraging Telekom’s IoT network and Swift’s precise positioning technology, Capra ensures seamless connectivity and accurate … Read the full press release

Swedfund Boosts Financial Inclusion in Côte D’Ivoire with $5 Million Investment in Bridge Bank Microfinance

(IN BRIEF) Swedfund has announced a significant investment of USD 5 million in Teyliom Finance’s subsidiary, Bridge Bank Microfinance, as part of its mission to enhance financial empowerment for micro, small, and medium-sized enterprises (MSMEs) in Côte D’Ivoire. This investment, … Read the full press release

Ericsson and Indian Statistical Institute Forge Alliance to Advance Research in Cyber-Physical Systems

(IN BRIEF) Ericsson has signed a three-year Memorandum of Understanding (MoU) with the Indian Statistical Institute (ISI) to establish a collaborative research center for Cyber-Physical Systems (C-CPS). Under the C-CPS umbrella, Ericsson Research will collaborate with ISI on various research … Read the full press release

Glencore PLC Implements Care and Maintenance Plan for Koniambo Nickel SAS

(IN BRIEF) The shareholders of Koniambo Nickel SAS (KNS), including Société Minière du Sud Pacifique SA (SMSP) and Glencore plc, have decided to transition KNS into care and maintenance due to high operating costs and weak nickel market conditions. Glencore … Read the full press release

New Method Traces Pre-existing Resistance in Cancer Cells, Opening Doors for Targeted Therapies

(IN BRIEF) A recent study published in Nature Communications by researchers at the University of Helsinki introduces a groundbreaking methodology called ReSisTrace, designed to identify and trace pre-existing treatment resistance in cancer cells. By labeling cancer cells with genetic barcodes … Read the full press release

University of Warwick Revives XMaS Scientist Experience 2024 for Young Women in STEM

(IN BRIEF) The University of Warwick has reintroduced the XMaS Scientist Experience 2024, coinciding with International Women and Girls in Science Day, providing an exclusive opportunity for Year 12 UK Physics and STEM students who identify as female. Launched in … Read the full press release

SAP SE Nominates Pekka Ala-Pietilä as Designated Successor to Chairman Hasso Plattner

(IN BRIEF) The Supervisory Board of SAP SE has put forward Mr. Pekka Ala-Pietilä as a nominee for election to the Supervisory Board and proposed him as the designated successor to Chairman Prof. Dr. Hasso Plattner. This move comes as … Read the full press release

Outokumpu Oyj repurchased 877 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) In its latest move, Outokumpu has finalized the repurchase of its own shares as per the announced buyback program. On February 9, 2024, the company acquired 877 shares at an average price of 4.114 EUR per share, amounting … Read the full press release

UK Celebrates World Pulse Day with New Varieties of URBeans

(IN BRIEF) In celebration of World Pulse Day on February 10th, Professor Eric Holub of the University of Warwick introduces new varieties of UK Registered beans (URBeans) aimed at diversifying British cuisine with locally grown ingredients. Named after iconic figures … Read the full press release

Warwick-Aston Engineering Biology Project Receives £1.8m Grant for Membrane Protein Research

(IN BRIEF) The University of Warwick and Aston University have secured a £1.8 million grant to advance research in engineering microbial cell factories for the production of membrane proteins, crucial molecules in drug discovery and sustainable manufacturing. Funded by the … Read the full press release

Swiss Banks Boost Financing to Egypt’s Textile Modernization Program to EUR 375 Million

(IN BRIEF) Credit Suisse AG, UBS Switzerland AG, and other Swiss banks have collectively increased their financing commitment to the Cotton, Spinning, Weaving & Garment Holding Co in Cairo, Egypt, to EUR 375 million as part of the country’s textile … Read the full press release

WACKER Earns Top Climate Change Rating in CDP’s Annual Sustainability Assessment

(IN BRIEF) WACKER has achieved an exceptional milestone by securing the highest rating of A in the Climate Change category of the CDP’s annual sustainability assessment, reaffirming its leadership in climate protection. This recognition underscores WACKER’s commitment to environmental stewardship … Read the full press release

PARC, Foster + Partners, Kvadrat Acoustics, and Lindner Group Forge Strategic Alliance to Redefine Architectural Ceilings Market

(IN BRIEF) PARC, in collaboration with Foster + Partners, Kvadrat Acoustics, and Lindner Group, is embarking on a transformative initiative aimed at reshaping the architectural ceilings market with innovative design standards and sustainable practices. The strategic alliance leverages the Lindner … Read the full press release

Evonik and Uniper Launch TORTE Project to Harness Industrial Waste Heat for District Heating

(IN BRIEF) Evonik and Uniper have initiated the Technical Options for Thermal Energy Recovery (TORTE) project in Gelsenkirchen as part of Evonik’s broader sustainability initiative, the ‘Herne Green Deal’, aimed at transforming the Herne chemical site. The TORTE project will … Read the full press release

Maersk Elevates Shanghai as Global Gateway for Less-than-Container-Load Shipments

(IN BRIEF) Maersk, a global leader in shipping and logistics, has designated Shanghai as its new global gateway for Less-than-Container-Load (LCL) shipments, marking a significant shift in the industry’s logistics landscape. Leveraging relaxed local restrictions, Shanghai now serves as a … Read the full press release

Maersk’s Greenhouse Gas Emissions Targets Validated as Industry First by SBTi

(IN BRIEF) A.P. Moller – Maersk’s ambitious greenhouse gas emissions targets have received validation from the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway of the Paris Agreement, a milestone marking an industry first under SBTi’s … Read the full press release

Yara Reports Lower Fourth-Quarter Earnings but Sees Positive Market Trends for 2024

(IN BRIEF) Yara, a leading fertilizer company, announced its fourth-quarter financial results, revealing a decline in earnings compared to the previous year due to lower market prices and one-off position effects. Despite this, the company’s EBITDA stood at USD 586 … Read the full press release

Realty Income Announces Sale-Leaseback Deal with Decathlon for 82 Retail Properties Across Europe

(IN BRIEF) The Monthly Dividend Company, Realty Income, has finalized a sale-leaseback agreement involving 82 retail properties leased to Decathlon SE, a renowned global sports retailer. The portfolio spans across key European markets such as Germany, France, Spain, Italy, and … Read the full press release

Savills Celebrates Apprenticeship Excellence at Second Annual Awards Ceremony

(IN BRIEF) Savills, the international real estate advisor, commemorated the achievements of its young talent during its second annual Apprenticeship Awards held in London’s Margaret Street office coinciding with National Apprenticeship Week. With over 110 apprentices, mentors, and employees in … Read the full press release