Category Archives: Business

Business Press Releases & News distributed via EuropaWire

TotalEnergies Embarks on Pioneering Floating Wind Turbine Project to Power North Sea Oil & Gas Platform

(IN BRIEF) TotalEnergies has launched a pilot project to install a 3 MW floating wind turbine in the UK North Sea, designed to supply renewable energy to the Culzean offshore oil and gas platform. This innovative project aims to provide … Read the full press release

Deutsche Telekom and Kunstmuseum Bonn Launch Human AI Art Award, Honoring Innovative Intersection of Art and Technology

(IN BRIEF) Deutsche Telekom and Kunstmuseum Bonn have launched the Human AI Art Award to honor artists working at the intersection of visual arts and AI technologies. The inaugural award, which includes a €10,000 prize, has been awarded to American … Read the full press release

Siemens Launches 2024 Training Year with Emphasis on Future Skills and Democratic Values

(IN BRIEF) Siemens has launched its 2024 training program for over 1,700 apprentices and university students in Germany, with a strong focus on developing both technological skills and an understanding of democratic values. The program includes hands-on training in areas … Read the full press release

BNP Paribas Appoints Isabelle Mateos y Lago as New Chief Economist, Succeeding William de Vijlder

(IN BRIEF) BNP Paribas has appointed Isabelle Mateos y Lago as its new Chief Economist, effective September 3, 2024, succeeding William de Vijlder, who will become Economic Adviser to the Group’s General Management before retiring. Isabelle brings extensive experience from … Read the full press release

Wood Announces Strategic Divestments of Non-Core Businesses, Generating $165 Million in Proceeds

(IN BRIEF) Wood has signed agreements to sell two non-core businesses, Ethos Energy Group Limited and CEC Controls Company Inc, as part of its strategy to simplify operations and focus on core capabilities. These sales are expected to generate approximately … Read the full press release

BC Hydro Partners with Wood to Enhance British Columbia’s Electric Grid for a Sustainable Future

(IN BRIEF) BC Hydro has partnered with Wood, a global consulting and engineering firm, under a $200 million, seven-year agreement to modernize and expand British Columbia’s electric grid. The project aims to upgrade power lines, substations, and other infrastructure to … Read the full press release

EIB Approves €10.8 Billion in New Investments for Green Energy, Business Innovation, and Infrastructure Development

(IN BRIEF) The European Investment Bank (EIB) has approved €10.8 billion in new financing to support a diverse range of projects focused on green energy, business innovation, health, housing, education, and infrastructure development. This includes significant investments in clean energy … Read the full press release

European Investment Bank Reaches Milestone with Over EUR 100 Billion in Sustainability Funding Through New Climate Awareness Bond

(IN BRIEF) The European Investment Bank (EIB) has achieved a major milestone by surpassing EUR 100 billion in sustainability funding through its Climate and Sustainability Awareness Bonds (CABs and SABs). This achievement was marked by the issuance of a heavily … Read the full press release

TUM Student Embarks on a Unique Underground Space Mission in Swiss Alps

(IN BRIEF) A student from the Technical University of Munich (TUM), Ilyasse Taame, participated in the Asclepios IV mission, a student-led space simulation in the Swiss Alps. The mission replicated a lunar mission, with six students living in an underground … Read the full press release

AMAG Joins Forces with European Industry Leaders by Signing the Antwerp Declaration

(IN BRIEF) AMAG Austria Metall AG has signed the Antwerp Declaration, joining over 1,000 energy-intensive companies in calling for a European Industrial Deal to support the transition to climate neutrality while maintaining Europe’s industrial competitiveness. The declaration outlines ten key … Read the full press release

New MAN TGE ‘Next Level’ Model Unveiled with Enhanced Safety and Comfort Features for Motorhome Enthusiasts

(IN BRIEF) MAN Truck & Bus has unveiled its upgraded MAN TGE van, named the “Next Level,” at the Caravan Salon in Düsseldorf. This new model introduces significant advancements in safety and comfort, specifically designed for motorhome drivers. Key features … Read the full press release

FC Bayern and MAN Truck & Bus Team Up to Launch Electric Vehicle Charging Hub at Allianz Arenal

(IN BRIEF) MAN Truck & Bus, in partnership with FC Bayern Munich, has launched a project to build a public charging park for electric trucks and buses at the Allianz Arena in Munich. The charging park, featuring high-power and megawatt … Read the full press release

Tristan le Masne Takes the Helm as Managing Director for Alstom Southern Africa

(IN BRIEF) Alstom has appointed Tristan le Masne as the new Managing Director for Southern Africa, succeeding Bernard Peille. Tristan, previously Vice President for Finance in Alstom’s AMECA region, will lead the company’s operations in South Africa, focusing on localization, … Read the full press release

Arriva Accelerates Czech Republic’s Transition to Electric Public Transport with New Fleet of Zero-Emission Buses

(IN BRIEF) Arriva Group is advancing its commitment to decarbonizing public transport in the Czech Republic by introducing 16 new electric buses in the city of Kladno, marking the country’s largest single purchase of such vehicles. These buses will operate … Read the full press release

VELUX Group Maintains Top 3% Global Ranking in Sustainability with Consecutive Gold Ratings from EcoVadis

(IN BRIEF) VELUX Group has been awarded a gold rating by EcoVadis, a leading global provider of sustainability assessments, for the second consecutive year. The company improved its score by 7 points in 2024, achieving 78 points, which places it … Read the full press release

University of Bristol’s Emily Rayfield Honored with Royal Society Medal for Transformative Research in Palaeobiology

(IN BRIEF) Professor Emily Rayfield of the University of Bristol has been awarded the prestigious Gabor Medal by the Royal Society for her pioneering work in integrating engineering and computational methods into palaeobiology. Her research, particularly in finite element modeling, … Read the full press release

ABB Expands Environmental Monitoring Capabilities with Acquisition of Födisch Group

(IN BRIEF) ABB has announced the acquisition of Födisch Group, a leading German company specializing in advanced measurement and analytical solutions for the energy and industrial sectors. This acquisition will strengthen ABB’s position in continuous emission monitoring systems (CEMS), allowing … Read the full press release

Kudelski IoT’s Security IP Gains High Assurance Rating, Enhancing Confidence for Semiconductor Manufacturers

(IN BRIEF) Kudelski IoT’s KSE5 Security IP has received high assurance certification after rigorous testing by Applus+ Laboratories, confirming its robustness for use in critical industries like automotive, medical, and defense. The security solution meets stringent criteria for Common Criteria … Read the full press release

AF Gruppen Wins Major Onshore Disposal Contract with Potential for 30,000 Metric Tonnes of Structures

(IN BRIEF) AF Gruppen has secured a Letter of Intent (LOI) from Allseas for the onshore disposal of a 12,000 metric tonne topside structure, with an option for a second topside, potentially totaling up to 30,000 metric tonnes. The project … Read the full press release

Austrian Retailer BILLA Lends a Hand to Ukrainian Children with Free Meals

(IN BRIEF) Austrian retailer BILLA provided free packed lunches to 44 Ukrainian children from Kharkiv and Odessa during their holiday in Austria, organized by Österreichische Kinderfreunde in collaboration with the Ukrainian Embassy. The children, who spent time in Carinthia and … Read the full press release