Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Deutsche Telekom Plans Dividend Increase and €2 Billion Share Buyback for 2024

(IN BRIEF) The Board of Management of Deutsche Telekom has announced its plans for shareholder remuneration in the upcoming year. The company intends to increase the dividend for the 2023 financial year to €0.77 per dividend-bearing share, up from €0.70 … Read the full press release

Deutsche Telekom and T-Mobile US Launch T Challenge for AI-Driven Network and Customer Experience Solutions

(IN BRIEF) Deutsche Telekom and T-Mobile US have announced the launch of the fourth edition of the T Challenge, an international competition focused on harnessing artificial intelligence (AI) to enhance network management and customer experiences. Participants are invited to submit … Read the full press release

Deutsche Telekom Launches Heartwarming Christmas Campaign Celebrating Genuine Connections

(IN BRIEF) Deutsche Telekom is set to kick off its international Christmas campaign, starting on November 4, with an advertisement titled “Questions that matter connect us more.” The ad revolves around a family’s Christmas gathering, highlighting the joy of reuniting … Read the full press release

Lombard, Rigby Capital, and SCC Collaborate to Tackle Electronic Waste and Promote Sustainable Tech Solutions

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

(IN BRIEF) Lombard, the asset finance arm of NatWest Group, has joined forces with Rigby Capital and SCC to address the growing problem of electronic waste (e-waste). The collaboration aims to provide businesses with an end-to-end technology solution that improves … Read the full press release

Zurich Insurance Forms Strategic Alliance with Kotak Mahindra Bank in Indian Insurance Market

(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release

Dassault Systèmes company Medidata Hosts NEXT New York 2023: A Premier Clinical Research Conference

(IN BRIEF) Medidata, a subsidiary of Dassault Systèmes, is hosting NEXT New York 2023, a major clinical research conference in New York City from November 7-8. This event will bring together over 700 leaders in the life sciences industry to … Read the full press release

MAHLE Powertrain Unveils State-of-the-Art Battery Development Center in Stuttgart, Germany

(IN BRIEF) MAHLE Powertrain, an engineering services provider, has inaugurated a cutting-edge battery development center in Stuttgart, Germany, dedicated to serving European clients. Spanning 1,300 square meters, the facility is equipped to handle all aspects of battery development, from initial … Read the full press release

Continental Introduces Sustainable Solutions and Certificates for Fleet Operators

(IN BRIEF) Continental is offering a comprehensive portfolio of solutions aimed at making fleet operations more efficient and sustainable. Fleet operators can select from a modular range of solutions, including ContiLifeCycle and ContiConnect digital tire management, as part of the … Read the full press release

TotalEnergies Extends Partnership with Oman LNG, Commits to GHG Emission Reduction

(IN BRIEF) TotalEnergies has extended its partnership with Oman LNG, a liquefied natural gas (LNG) joint venture, for ten more years beyond 2024. This extension also covers the adjacent Qalhat LNG project, which has been extended for five years. As … Read the full press release

Alfa Laval Establishes New Business Unit for Hydrogen Technologies and Invests in Innovation Center

(IN BRIEF) Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, is launching a new business unit called “Business Unit Electrolyzer and Fuel Cell Technologies” to capitalize on opportunities in the hydrogen sector. Over the past … Read the full press release

Henkel Introduces Bio-Based Adhesives for Sustainable Timber Construction, Reducing CO2 Emissions by Over 60%

(IN BRIEF) Henkel Engineered Wood, a leading supplier of certified adhesives for load-bearing mass timber, has launched two new bio-based adhesive solutions, Loctite HB S ECO and Loctite CR 821 ECO, designed for sustainable timber construction. These innovative adhesives, developed … Read the full press release

Heidelberg Materials Reports Strong Financial Results, Expands Sustainability Efforts, and Announces Board Changes

(IN BRIEF) Heidelberg Materials, a global leader in building materials, has reported a 6.0% increase in revenue to €16,083 million for the first nine months of 2023, despite a decline in sales volumes due to a global economic downturn. The … Read the full press release

Schneider Electric Completes Acquisition of Climate Consulting Leader EcoAct to Boost Net Zero Solutions

(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has successfully finalized its acquisition of EcoAct SAS, an international leader in climate consulting and net-zero solutions based in Paris, France. This strategic move brings together two top-tier … Read the full press release

Swiss Financial Institutions Launch Groundbreaking Pilot for Tokenized Central Bank Money

(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release

Accenture Expands Cybersecurity Reach in Spain with Acquisition of Innotec Security

(IN BRIEF) Accenture, a global technology and consulting firm, has acquired Innotec Security, a prominent cybersecurity-as-a-service company headquartered in Madrid, Spain. This acquisition enhances Accenture’s cybersecurity capabilities and presence in Spain. Innotec Security, previously owned by Entelgy Group, brings 500 … Read the full press release

Advansia, Part of AFRY, Secures Framework Agreements to Support Norway’s Power Grid Development

(IN BRIEF) Advansia, a subsidiary of AFRY, has been awarded two significant framework agreements aimed at facilitating the development and expansion of Norway’s power transmission network. Statnett, the state-owned enterprise responsible for the country’s power transmission system, is in the … Read the full press release

Origin by Ocean and AFRY Collaborate on Innovative Seaweed Biorefinery in Finland

(IN BRIEF) Finnish biotechnology start-up Origin by Ocean has teamed up with AFRY, a global engineering and advisory firm, to work on an ambitious project aimed at establishing an industrial-scale biorefinery in Finland. The collaborative effort focuses on refining seaweed … Read the full press release

ANDRITZ Reports Strong Q3 2023 Performance, Expands Green Hydrogen Presence

(IN BRIEF) In the third quarter of 2023, ANDRITZ, an international technology group, achieved substantial growth in revenue, earnings, and net income compared to the previous year. While the total order intake declined due to the absence of a large … Read the full press release

SAP Joins Stanford University’s HAI Corporate Affiliate Program to Advance Ethical and Trustworthy AI

(IN BRIEF) SAP SE has become a member of the Stanford University Human-Centered Intelligence (HAI) Corporate Affiliate Program. This collaboration will support Stanford HAI’s research, policy, and education initiatives focused on the responsible development and implementation of artificial intelligence (AI). … Read the full press release

Continental Expands Industrial Solutions with Acquisition of Conveyor and Maintenance Firm Vertech AB

(IN BRIEF) Continental has acquired Vertech AB, a conveyor and maintenance company located in Kiruna, Northern Sweden. Vertech AB specializes in servicing the conveyor industry in mining areas of Sweden and Norway. This acquisition is part of Continental’s strategy to … Read the full press release