Category Archives: Business

Business Press Releases & News distributed via EuropaWire

New Research Reveals Link Between High Blood Sugar and Upper Limb Problems

(IN BRIEF) A recent study led by the University of Exeter has identified a connection between consistently high blood sugar levels and upper limb conditions such as frozen shoulder, Dupuytren’s disease, carpal tunnel syndrome, and trigger finger. The research, conducted … Read the full press release

Vodafone to Invest $1.5 Billion in Cloud and AI Services in Collaboration with Microsoft

(IN BRIEF) Vodafone and Microsoft have announced a 10-year strategic partnership aimed at transforming customer experiences and fostering business growth in Europe and Africa. The collaboration includes leveraging Microsoft’s generative AI to enhance customer engagement, expanding Vodafone’s IoT platform, creating … Read the full press release

University of Exeter to Drive Climate Action Discussions at World Economic Forum

(IN BRIEF) The University of Exeter is set to play a significant role in advancing climate action discussions at the World Economic Forum in Davos. The university will organize a series of events building upon the recently launched Global Tipping … Read the full press release

Volvo Group Explores Potential Sale of Arquus, Expects Negative Impact on Q4 2023 Income

(IN BRIEF) The Volvo Group has entered into an option agreement with John Cockerill Defense, allowing Volvo to potentially sell Arquus, a company specializing in defense vehicle manufacturing. The agreement requires consultations with employee representative bodies, expected to conclude in … Read the full press release

DNV’s Market Study Explores Denmark’s Potential as a European CO2 Hub in Pursuit of Climate Targets

(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release

DAAD Recommends Realpolitik Approach in New Guidelines for Academic Cooperation with China

(IN BRIEF) The German Academic Exchange Service (DAAD) has released guidelines for academic collaboration with China, favoring a realpolitik approach in line with the German government’s China strategy. The guidelines provide three general principles for German higher education institutions dealing … Read the full press release

Bundeswehr Awards Rheinmetall €50 Million Contract for Aircraft Decoy Flares

(IN BRIEF) The German military, Bundeswehr, has awarded Rheinmetall a significant contract worth nearly €50 million for over 470,000 decoy flares from Rheinmetall’s Birdie product line. These infrared decoy flares are used to distract incoming infrared-homing guided missiles and simulate … Read the full press release

BT Extends Sponsorship of Welsh Rugby Union Sides for Record 10 Consecutive Years

(IN BRIEF) BT has confirmed its commitment to sponsor all four Welsh professional rugby union teams, including Ospreys, Cardiff Rugby, Scarlets, and Dragons, until the conclusion of the 2023-24 season. This marks a decade of continuous sponsorship, making it one … Read the full press release

Business Leaders Optimistic for 2024 Despite Global Headwinds, Focusing on Technology and Sustainability Investments, Finds Capgemini Report

(IN BRIEF) According to the latest report by the Capgemini Research Institute, business leaders are entering 2024 with a heightened sense of optimism compared to the previous year, with 56% expressing confidence in their organization’s future growth despite ongoing global … Read the full press release

Atos Appoints Paul Saleh as CEO and Jacques-François de Prest as CFO, Strengthens Board with Key Appointments

(IN BRIEF) Atos has announced the appointment of Paul Saleh as the new Chief Executive Officer (CEO) of the Group, effective immediately, succeeding Yves Bernaert. The company has also named Jacques-François de Prest as the Group Chief Financial Officer (CFO), … Read the full press release

Thuraya and Ericsson Successfully Upgrade Billing and Charging Systems, Enhancing Service Experience

(IN BRIEF) Thuraya, the mobile satellite services operator based in the United Arab Emirates, has completed a successful migration and upgrade of its monetization systems with Ericsson. The upgrade involved deploying the latest Ericsson Billing and Ericsson Charging solutions, resulting … Read the full press release

Alstom Foundation Promotes Environmental Education Initiative in Spain to Combat Plastic Pollution

(IN BRIEF) The Alstom Foundation is collaborating with Fundación Vivo Sano in Spain to launch the “Seres Plásticos” environmental education program, aimed at raising awareness about the issues stemming from plastic waste accumulation. This initiative, primarily conducted in schools, will … Read the full press release

Alstom Appoints Dalya Al Muthanna as CEO for Gulf Region, Focusing on Sustainable Mobility Growth

(IN BRIEF) Alstom has named Dalya Al Muthanna as the new Managing Director & CEO for the Gulf region, covering the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain. Dalya brings a wealth of experience, having served as President at … Read the full press release

Business Days Twente Celebrates 40th Anniversary: A Decades-Long Journey of Career Exploration

(IN BRIEF) Business Days Twente, the largest student career event in the Netherlands, is marking its 40th anniversary this year with a special edition. Started by study associations, it has evolved into a foundation, offering workshops, company interviews, informal activities, … Read the full press release

Saudi Arabia’s Lithium Chemicals Plant Gains Technical Expertise Through EVM-Metso Partnership

(IN BRIEF) EV Metals Group (EVM), a global battery chemicals and technology company, has entered a technical partnership agreement with Metso to develop a Lithium Chemicals Plant (LCP) in Saudi Arabia. The partnership aims to utilize Metso’s technical expertise and … Read the full press release

Saint-Gobain Expands Digital Solutions Portfolio with Glass Service Acquisition

(IN BRIEF) Saint-Gobain, a global leader in sustainable building materials, is set to acquire Glass Service a.s., a provider of digital solutions for glass furnaces. This acquisition will enhance Saint-Gobain’s digital services by incorporating advanced control systems and simulation software … Read the full press release

Schmalz Introduces Vacuum Blocks as a Robust Alternative for CNC Machine Clamping Equipment

(IN BRIEF) Holzmanufaktur Dittus GmbH, a woodworking company, has found a cost-effective and efficient solution for its CNC machining center, the Rover C6 from Biesse. They have adopted Schmalz’s VCBL-B vacuum blocks as a replacement for the original clamping equipment, … Read the full press release

Infineon’s Latest Magnetic Position Sensor Redefines Precision in Industrial and Consumer Applications

(IN BRIEF) Infineon Technologies has launched the XENSIV™ TLI5590-A6W magnetic position sensor, combining magnetic position sensing expertise with linearized tunnel magnetoresistance (TMR) technology. The sensor, suitable for linear and angular position detection, is qualified for industrial and consumer applications and … Read the full press release

China-Europe Travel Connections Strengthened Through Hiseas and Chengdu Tourism’s ECTAA Membership

(IN BRIEF) Hiseas International Gmbh and Chengdu Tourism Studies Association have joined the European Travel Agents’ and Tour Operators’ Associations (ECTAA), pledging to enhance travel connections between China and Europe. This partnership aims to streamline operations and improve travel experiences … Read the full press release

Basilea Pharmaceutica Acquires Novel Antibiotics Program Targeting Multidrug-Resistant Gram-Negative Bacteria

(IN BRIEF) Basilea Pharmaceutica Ltd (SIX: BSLN), a biopharmaceutical company specializing in severe bacterial and fungal infection treatments, has announced an asset purchase agreement with Spexis AG (SIX: SPEX) for a preclinical antibiotics program aimed at combating Gram-negative bacteria, including … Read the full press release