Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Equinor’s 2023 Safety Results Show Positive Trends and Reduced Incidents

(IN BRIEF) Equinor, a leading energy company, has reported positive safety trends in its 2023 safety results. The serious incident frequency per million hours worked (SIF) remained stable at 0.4 in the fourth quarter of 2023 compared to the end … Read the full press release

The Future of Cancer Detection: Multi-Cancer Blood Tests Raise Hope and Questions

(IN BRIEF) Multi-cancer early detection (MCED) blood tests hold the promise of revolutionizing cancer screening by providing a comprehensive, minimally invasive screening option for multiple types of cancer in a single blood sample. These tests offer the potential to increase … Read the full press release

Nordic Aviation Leaders and Vattenfall Team Up to Explore Hydrogen-Powered Airports in Sweden and Norway

(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release

SGL Carbon Ensures Uninterrupted Supply of Natural Graphite Products Amid Chinese Export Controls

(IN BRIEF) SGL Carbon, a leading global supplier of carbon-based solutions, affirms its supply capability remains unaffected by the Chinese government’s export control measures imposed on certain natural graphite materials and products starting December 1, 2023. While natural graphite products … Read the full press release

Hiab Secures EUR 35.8 Million Orders for Equipment from US Home Improvement and Building Supply Chains

(IN BRIEF) Hiab, a part of Cargotec, has received significant orders totaling EUR 35.8 million from two prominent US clients. A national home improvement chain has placed an order for MOFFETT truck-mounted forklifts valued at EUR 23.8 million, while a … Read the full press release

Skanska AB Reports Conversion of Class A to Class B Shares and Adjusted Total Voting Rights

(IN BRIEF) Skanska AB has announced the conversion of 15,960 Class A shares to Class B shares in accordance with its articles of association. This conversion, mandated by the Swedish Financial Instruments Trading Act, reduces the company’s total voting rights, … Read the full press release

Living Places Copenhagen Shortlisted for MIPIM Awards 2024: A Sustainable Housing Showcase

(IN BRIEF) Living Places Copenhagen, a collaborative project by the VELUX Group, EFFEKT architects, Artelia engineers, and Enemærke & Petersen contractors, has been nominated for the MIPIM Awards 2024 in the “Best Residential Project” category. The project’s recognition stems from … Read the full press release

Volkswagen’s AI Lab: Fueling the Future of Connected Vehicles

(IN BRIEF) Volkswagen Group is spearheading the integration of artificial intelligence (AI) in its vehicles to offer customers enhanced digital experiences. The company has unveiled the “AI Lab,” a global hub for innovation that will identify AI-based product ideas, collaborate … Read the full press release

Ericsson Joins Global Cybersecurity Effort as CVE Numbering Authority to Enhance Digital Resilience

(IN BRIEF) Ericsson, a leading telecom company, has been authorized as a CVE Numbering Authority (CNA), allowing them to identify and document publicly disclosed software vulnerabilities and contribute to global cybersecurity improvement efforts. CNAs, like Ericsson, play a crucial role … Read the full press release

Outokumpu Partners with Climate Leadership Coalition to Champion Green Steel and Global Climate Solutions

(IN BRIEF) Outokumpu Oyj, a global leader in sustainable stainless steel, has been accepted as a new organizational member of the Climate Leadership Coalition (CLC), Europe’s largest non-profit climate business network. CLC is dedicated to developing business-driven solutions to combat … Read the full press release

Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On January 30, 2024, Outokumpu announced the successful completion of its share repurchase program, with a total cost of EUR 507,792.07. The program, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares with … Read the full press release

Linde Expands Clean Hydrogen and Carbon Dioxide Supply Deal with Celanese for Lower Carbon Methanol Production

(IN BRIEF) Linde (Nasdaq: LIN) has announced an expansion of its supply agreement with Celanese, a global chemical and specialty materials company, by providing captured carbon dioxide and clean hydrogen from its Clear Lake facility in Texas. Celanese will use … Read the full press release

Mirjam Mayer Appointed as Vice President of Circular Economy Solutions at Borealis

(IN BRIEF) Borealis has named Mirjam Mayer as the Vice President of Circular Economy Solutions (CES) starting from January 1, 2024. In this role, Mayer will oversee and manage the entire value chain of Borealis’ Circular Economy Solutions. Mayer, who … Read the full press release

Co-op Unveils Co-op Media Network, Paving the Way for Precision Advertising in Convenience Shopping

(IN BRIEF) Co-op has unveiled the UK’s inaugural retail media network within the convenience sector, aiming to assist brands in accessing broader audiences and enhancing advertising relevance for its customer base. The Co-op Media Network combines the company’s in-house team … Read the full press release

TotalEnergies Acquires 200 Charging Sites to Spearhead Electric Mobility in Spain in Partnership with Wenea

(IN BRIEF) TotalEnergies and Wenea have joined forces to establish a prominent presence in the Spanish electric mobility sector by creating a network of high-power charging hubs. TotalEnergies has acquired Nordian CPO, a subsidiary of Wenea, which owns 200 charging … Read the full press release

Pioneering Well-Being: GRAHAM Attains IIP Platinum Accreditation

(IN BRIEF) GRAHAM Group has achieved the prestigious IIP Wellbeing Platinum accreditation, the highest recognition for a positive well-being culture, becoming the first company in any industry to do so. This achievement signifies GRAHAM’s strong commitment to employee well-being, with … Read the full press release

World’s First Sustainable Castor Program Continues to Thrive with Over 7,000 Certified Farmers and Enhanced Yields

(IN BRIEF) In a remarkable achievement, the sustainable castor program initiated by Arkema, BASF, Jayant Agro-Organics, and Solidaridad in May 2016 has now certified over 7,000 farmers, resulting in substantial individual yield increases. More than 7,000 hectares of semi-arid land … Read the full press release

UK Businesses Embracing Open Banking Report Significant Time and Cost Savings

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

(IN BRIEF) According to a survey by Payit™ by NatWest, two-thirds of larger UK businesses are familiar with open banking, with users reporting an annual time saving of 150 hours compared to non-users. Business leaders utilizing open banking in their … Read the full press release

BASF and Partners Report Success and Expansion of Sustainable Castor Farming Project in India

(IN BRIEF) In collaboration with Arkema, Jayant Agro-Organics, and implementation partner Solidaridad, BASF’s sustainable castor farming project, known as Pragati, has achieved significant milestones in its seven-year journey. Over 7,000 farmers have been trained and certified, cultivating more than 74,500 … Read the full press release

NIB’s InvestEU Initiative Fuels Green Mobility Projects with EUR 150 Million

(IN BRIEF) The InvestEU Investment Committee has approved a framework operation allowing the Nordic Investment Bank (NIB) to provide up to EUR 150 million in financing for projects focused on green mobility and transport in the Nordic and Baltic region, … Read the full press release