Category Archives: Business

Business Press Releases & News distributed via EuropaWire

SHV Energy’s Glaura Kartalian Honored with Woman of the Year Award at LPG Week 2023

(IN BRIEF) Glaura Kartalian, a Management Board Member at SHV Energy, has been recognized with the Woman of the Year Award 2023 during LPG Week, the global industry’s annual flagship event. The award was presented by the Women in LPG … Read the full press release

ArcelorMittal Completes Sale of Kazakh Steel and Mining Operation to Qazaqstan Investment Corporation

(IN BRIEF) ArcelorMittal has successfully concluded the sale of its Kazakh steel and mining operation, ArcelorMittal Temirtau, to the Qazaqstan Investment Corporation (QIC), a state-controlled direct investment fund. The transaction involves a total consideration of $986 million, comprising $286 million … Read the full press release

Škoda Auto Expands Partnership with Allur in Kazakhstan, Plans Local Assembly and Technical Training Support

(IN BRIEF) Škoda Auto is furthering its collaboration with Allur in Kazakhstan, signing key agreements to solidify their partnership. The focus of this cooperation includes vehicle assembly from Semi Knocked Down (SKD) kits starting next year, exploring local production from … Read the full press release

Americans Seek Financial Professionals for Holistic Guidance, Allianz Life Study Reveals

(IN BRIEF) According to the Annual Retirement Study by Allianz Life Insurance Company of North America (Allianz Life), despite facing financial challenges such as market volatility, inflation, and recurring crises, most Americans are not seeking the assistance of financial professionals … Read the full press release

European Investment Fund Joins Bürgschaftsbank for €200 Million SME Financing Boost in Germany

(IN BRIEF) Bürgschaftsbank Baden-Württemberg (BBBW) and Bürgschaftsbank Nordrhein-Westfalen (BBNRW) are expanding their guarantee support for regional financial institutions aiming to provide financing to small and medium-sized enterprises (SMEs) in the German states of Baden-Württemberg and North Rhine-Westphalia. The European Investment … Read the full press release

EIB Commits €250 Million for Second Rail Track in Slovenia to Boost Transport Network

(IN BRIEF) The European Investment Bank (EIB) has signed a €250 million loan agreement with 2TDK Družba za razvoj projekta d.o.o (2TDK) to support the construction of a second rail track in Slovenia, a vital component of the Baltic-Adriatic-Mediterranean Trans-European … Read the full press release

EU Finance Ministers Back Nadia Calviño as New President of European Investment Bank

(IN BRIEF) European Union finance ministers have given their unanimous support to Nadia Calviño’s candidacy for the presidency of the European Investment Bank (EIB) during discussions held at the EU Economic and Financial Affairs Council meeting in Brussels. Calviño, currently … Read the full press release

Infineon Launches TDA388xx Regulator Family for Enhanced Power System Efficiency and Compactness

(IN BRIEF) Infineon Technologies AG has introduced the TDA388xx family of buck regulators, targeting a range of modern power system applications such as servers, AI, datacom, telecom, and storage markets. These regulators come in 12 A and 20 A variants … Read the full press release

Voith Composites Achieves UNECE R 134 Certification for Large Hydrogen Tank, Paving the Way for Zero-Emission Heavy-Duty Trucks

(IN BRIEF) Voith Composites has achieved a significant milestone by obtaining UNECE R 134 certification for its Type IV 700 bar and 350-liter hydrogen storage tank. This certification marks the first approval for a hydrogen tank of this size under … Read the full press release

Saint-Gobain Strengthens Construction Chemicals Portfolio with Acquisition of Menkol Industries in India

(IN BRIEF) Saint-Gobain has announced its acquisition of Menkol Industries Private Limited, a prominent Indian manufacturer specializing in high-value waterproofing systems. This strategic move enhances Saint-Gobain’s position in the Construction Chemicals sector, focusing on specialty building materials within the dynamic … Read the full press release

Craig Arnold Appointed to Borealis Executive Board as EVP for Polyolefins, Circular Economy, and Innovation & Technology

(IN BRIEF) Borealis has announced the appointment of Craig Arnold, currently serving as Chief Commercial Officer at Ferroglobe PLC, as the new Executive Vice President (EVP) for Polyolefins, Circular Economy Solutions, and Innovation & Technology, effective from February 1, 2024. … Read the full press release

Sanofi’s Robust Pipeline and Strategic Focus Aim to Lead Immunology Industry

(IN BRIEF) Sanofi is showcasing its ambitious pipeline transformation strategy, which includes a record 12 potential blockbuster opportunities currently under clinical evaluation. Among these, there are nine innovative medicines and vaccines with peak sales potential ranging from €2 to €5 … Read the full press release

Sarclisa Combination Treatment Shows Promise in Phase 3 Trial for Newly Diagnosed Multiple Myeloma Patients

(IN BRIEF) The Phase 3 IMROZ trial, assessing the use of Sarclisa® (isatuximab) in combination with standard-of-care bortezomib, lenalidomide, and dexamethasone (VRd), has achieved its primary efficacy endpoint at a planned interim analysis. The trial demonstrated a statistically significant improvement … Read the full press release

British Homes Lack Energy Efficiency Clarity, Reveals New Research by British Gas

(IN BRIEF) New research conducted by British Gas has unveiled confusion among British homeowners when it comes to addressing energy efficiency in their homes, especially as colder months approach. Only 42% of Brits believe their homes are energy efficient, and … Read the full press release

Partnership of North Cumbria NHS Trust, GRAHAM, and CCL Solutions Wins Award for Collaborative Healthcare Projects

(IN BRIEF) The North Cumbria Integrated Care NHS Foundation Trust, GRAHAM, and CCL Solutions have been honored with the ICW Collaborative Working Award for their successful collaboration in delivering critical healthcare construction projects. This partnership, which implemented ISO44001 collaborative practices, … Read the full press release

AFRY Chosen as General Designer for Prague’s Savarin Palace Redevelopment Project

(IN BRIEF) Crestyl Group has selected AFRY as the general designer for the Savarin Palace complex, a prominent urban development endeavor in the heart of Prague, Czech Republic. This project involves the revitalization of a historical area and has been … Read the full press release

Thales Alenia Space Signs Contract to Provide Earth Observation Constellation for Indonesian Ministry of Defence

(IN BRIEF) Thales Alenia Space, a joint venture between Thales and Leonardo, has inked a multi-mission agreement with PT Len Industri to develop an advanced Earth observation constellation featuring both radar and optical sensors for the Indonesian Ministry of Defence … Read the full press release

€500 Million Investment to Boost Sustainable Rail Travel in Italy

(IN BRIEF) In a significant move towards promoting sustainable mobility, the European Investment Bank (EIB) has committed €500 million to Ferrovie dello Stato Italiane S.p.A. (FS) to enhance rail services in Italy’s Campania and Lazio regions. This partnership aims to … Read the full press release

ANDRITZ Collaborates with Sfilacciatura Negro for New Textile Recycling Line in Italy

(IN BRIEF) ANDRITZ has successfully initiated operations for a new textile recycling line at Sfilacciatura Negro’s facility in Biella, Italy. This state-of-the-art tearing line is designed to process post-consumer textile waste while automatically removing hard parts. Sfilacciatura Negro, with a … Read the full press release

Rheinmetall Electronics UK Commits to Supporting Armed Forces Community Through Covenant Signing

(IN BRIEF) Rheinmetall Electronics UK Ltd has demonstrated its dedication to supporting the Armed Forces Community by signing the Armed Forces Covenant. The company’s commitment includes recognizing and valuing the contributions of serving personnel, veterans, reservists, and their families to … Read the full press release