Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Malta Inc. Collaborates with German Partners to Accelerate Energy Transition and Decarbonization

(IN BRIEF) Malta Inc., a leader in long-duration energy storage (LDES), has announced a grant awarded to its German subsidiary for a €9-million project aimed at expediting Germany’s energy transition efforts. The project, supported by the German Federal Ministry for … Read the full press release

Barclays Bank Ireland Joins Vienna Stock Exchange as New International Trading Member

(IN BRIEF) The Vienna Stock Exchange has announced the addition of a new international trading member, Barclays Bank Ireland PLC, effective from November 15, 2023. Barclays’ participation in the exchange is seen as a strategic move to provide comprehensive and … Read the full press release

Lightsource bp Team Members Complete Lean Practitioner Training Course and Gain SCQF Level 7 Qualification

(IN BRIEF) Lightsource bp has demonstrated its commitment to employee development by providing learning and development opportunities for its team members. Recently, 30 team members across EMEA, the US, and Brazil successfully completed a Lean Practitioner training course, earning their … Read the full press release

Arkema Showcases Sustainable Coating Solutions at Chinacoat 2023

(IN BRIEF) Arkema, a global leader in specialty materials, is set to exhibit its innovative and sustainable coating solutions at Chinacoat 2023 in the Shanghai New International Expo Centre (SNIEC) from November 15th to 17th. The company is committed to … Read the full press release

UK Retailers Roll Out Early Christmas Displays to Boost Festive Sales

(IN BRIEF) According to data from the Barclays Business Barometer, UK retailers are embracing an early start to the Christmas season, with 49% of them opting to display festive goods earlier this year to help customers spread the cost of … Read the full press release

DHL Supply Chain Invests €200 Million to Transform Fleet with Greener Alternatives

(IN BRIEF) DHL Supply Chain is taking a significant stride towards environmental sustainability with the launch of its global Green Transport Policy. The policy aims to substantially reduce carbon emissions, particularly from its transportation services, aligning with the company’s Sustainability … Read the full press release

BASF and SK On Partner to Explore Lithium-Ion Battery Collaboration in North America and Asia-Pacific

(IN BRIEF) BASF, a leading global producer of battery materials, and SK On, a prominent electric vehicle battery cell manufacturer, have entered into an agreement to explore collaboration opportunities in the global lithium-ion battery market, with a particular focus on … Read the full press release

T-Systems Achieves Top ‘Leader’ Status in ISG’s AWS Ecosystem Partner Report

(IN BRIEF) T-Systems, the business-customer IT affiliate of Deutsche Telekom, has been recognized as a leader in the AWS (Amazon Web Services) ecosystem by ISG (Information Services Group). In ISG’s Provider Lens™ analyst report on AWS ecosystem partners, T-Systems achieved … Read the full press release

Siemens AG Boosts Stake in Siemens Ltd. India, Accelerating Separation from Siemens Energy

(IN BRIEF) Siemens AG has taken significant steps to support the stability and accelerate the separation of Siemens Energy AG in India. Siemens plans to enter into a share purchase agreement to acquire an 18% stake in Siemens Ltd. India … Read the full press release

EIF and LocalTapiola Partner to Provide €32 Million in Loans to Finnish Small Businesses

(IN BRIEF) The European Investment Fund (EIF) and LocalTapiola Corporate Lending I GP Ltd, a Finnish alternative lender, have signed two portfolio guarantee agreements, enabling the provision of €32 million in new loans to small businesses and mid-caps in Finland. … Read the full press release

EBRD Expands Partnership with TBC Bank in Georgia with $30 Million Financing to Boost Climate Governance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is strengthening its collaboration with Georgia’s leading financial institution, TBC Bank, by providing a $30 million (€28.1 million) financing facility. This funding is aimed at bolstering TBC Bank’s capital base … Read the full press release

ArcelorMittal to Pioneer Sustainable Steel Powder Production for Additive Manufacturing

(IN BRIEF) ArcelorMittal, a global steel industry leader, is entering the additive manufacturing (AdM) market as a supplier of high-quality steel powders. The company is constructing an industrial-scale atomizer in Spain, with production scheduled to begin in January 2024. This … Read the full press release

EIF and Laboral Kutxa Partner to Boost Micro-Businesses and Social Enterprises in Spain with €145 Million Support

(IN BRIEF) The European Investment Fund (EIF) has entered into an agreement with Laboral Kutxa to provide a portfolio guarantee aimed at mobilizing €145 million in support of micro-businesses, social enterprises, and social entrepreneurs in Spain. This collaboration, made possible … Read the full press release

Siemens Envisions a Future of Effortless Machine Vision Integration Through Strategic Partnerships

(IN BRIEF) Siemens has entered into two significant partnerships with leading companies in machine vision and industrial image processing, Basler AG and MVTec Software GmbH. These collaborations aim to simplify the integration of machine vision applications into existing automation technology, … Read the full press release

Germitec Secures €25 Million Agreement with EIB to Develop Innovative Medical Products

(IN BRIEF) Germitec, in collaboration with the European Investment Bank (EIB), has inked a €25 million agreement aimed at financing the research, development, and commercialization of groundbreaking medical products. This partnership, facilitated by the InvestEU program, seeks to significantly reduce … Read the full press release

EIB and Malta Development Bank Join Forces to Drive Green Transition for Small and Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB) and Malta Development Bank (MDB) have formed a partnership aimed at accelerating the green transformation of small and medium-sized companies (SMEs) and public sector entities in Malta. Under this collaboration, the EIB is … Read the full press release

Vattenfall’s Vesterhav Syd Wind Farm Powers Up Danish Grid with Clean Energy

(IN BRIEF) Vattenfall has achieved a major milestone as the Vesterhav Syd offshore wind farm delivered its first power to the Danish grid on November 10th. After nearly seven years of work, the wind turbines at Vesterhav Syd are now … Read the full press release

Europris Partners with Maersk to Achieve Significant Greenhouse Gas Reductions in Seaborne Logistics

(IN BRIEF) Europris, a leading retail company in Norway, has selected Maersk’s ECO Delivery product to make substantial reductions in greenhouse gas (GHG) emissions associated with its seaborne logistics. The collaboration aims to align with Europris’ strategic goal of reducing … Read the full press release

Ericsson Unveils Cloud-Native Transport Automation Controller with AI for Efficient Network Management

(IN BRIEF) Ericsson has introduced its Ericsson Transport Automation Controller, a cloud-native solution that employs artificial intelligence (AI) and machine learning to enhance the efficiency of microwave, IP, and optical networks for communications service providers (CSPs). This intelligent controller enables … Read the full press release

Logicor and Martex Forge Strategic Partnership with Lease Agreement for Cutting-Edge Warehouse in Poland

(IN BRIEF) Logicor, a major European logistics real estate company, has signed a leasing agreement with Martex, a leading Polish distributor of truck spare parts. The deal includes a 45,000 square meter standalone warehouse at Logicor Będzin. Martex, with 42 … Read the full press release