Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Nokia and Honor Sign Patent Cross-License Agreement for 5G and Cellular Technologies

(IN BRIEF) Nokia has entered into a patent cross-license agreement with Honor, a leading player in the Chinese smartphone market. The agreement covers the essential inventions related to 5G and other cellular technologies, and the terms remain confidential. Nokia’s Chief … Read the full press release

BBVA Harnesses In-House Talent for Generative AI Training Through DataRally Competition

(IN BRIEF) BBVA is exploring the potential of generative artificial intelligence for enhancing organizational processes and customer value. To equip its in-house talent with the skills needed to harness large language models (LLMs), BBVA organized a DataRally competition in which … Read the full press release

Xetra-Gold’s Gold Holdings Decrease by 31.5 Tonnes in 2023, Remains a Long-term Investment Choice

(IN BRIEF) The gold holdings of Xetra-Gold, Europe’s largest physically backed gold security, decreased to 198.7 tonnes by the end of 2023, marking a 31.5-tonne reduction over the year. Despite short-term yield opportunities and a record-high gold price in euros, … Read the full press release

Barclays Appoints Ryan Voegeli as Head of Investment Banking for Canada

(IN BRIEF) Barclays has announced the appointment of Ryan Voegeli as the new Head of Investment Banking for Canada. With two decades of investment banking experience, Voegeli joins Barclays from CIBC Capital Markets, where he served as the Head of … Read the full press release

Barclays Strengthens Research Team with Chief Japan Economist Hire, Mr. Naohiko Baba

(IN BRIEF) Barclays has welcomed Mr. Naohiko Baba as Managing Director, Chief Japan Economist, and Head of Japan Research, effective from January 1, 2024. With over 30 years of industry experience, Mr. Baba will lead Barclays’ macroeconomic research efforts for … Read the full press release

WWF Report Urges Major Shift in Financing to Support Regenerative Farming in England

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

(IN BRIEF) A new report by WWF, sponsored by NatWest Group, calls for a fundamental shift in how food and farming are financed and supported in England to facilitate the transition towards regenerative, nature-friendly farming. The report highlights the challenges … Read the full press release

Revolutionary AcuPebble Diagnostic Device Aims to Transform Sleep Apnoea Diagnosis

(IN BRIEF) Researchers at the University of Warwick, in collaboration with other institutions and charities, are leading a groundbreaking initiative to improve the diagnosis and treatment of Obstructive Sleep Apnoea (OSA). OSA often goes undiagnosed, leading to sleep disturbances and … Read the full press release

University of Warwick Undergraduate Lisa Kay Receives British Empire Medal for Charity Work and Refugee Support

(IN BRIEF) Lisa Kay, a social sciences undergraduate at the University of Warwick, has been awarded the British Empire Medal (BEM) in the New Year Honours list for her exceptional charity work and services to refugees. She raised over £6,000 … Read the full press release

BAE Systems Signs U.S. Army Agreement for M777 Howitzer Structures, Eyeing Global Production Restart

(IN BRIEF) BAE Systems has inked a contract with the U.S. Army for M777 lightweight howitzer major structures under an Undefinitized Contract Action (UCA), with an initial limit of $50 million. This agreement permits BAE Systems to commence deliveries while … Read the full press release

Enel Sells US Renewable Asset Portfolio to ORMAT for $271 Million

(IN BRIEF) Enel, through its subsidiary Enel Green Power North America (EGPNA), has completed a transaction with ORMAT Technologies for the sale of a renewable asset portfolio in the United States. The deal, valued at $271 million, includes EGPNA’s entire … Read the full press release

Siemens AG Partners with Volkswagen for Electrification of Fleet with Up to 1,000 ID.4 Vehicles

(IN BRIEF) Siemens AG, a leading industrial company in Germany, is taking significant steps towards sustainability by partnering with Volkswagen Financial Services to electrify its fleet. The plan involves gradually adding up to 1,000 leased Volkswagen ID.4 electric vehicles to … Read the full press release

EIB Supports Volvo’s €420 Million Initiative for Cutting-Edge Electric Vehicle Platform

(IN BRIEF) Volvo Car Corporation has secured a €420 million loan from the European Investment Bank (EIB) to support the development of an all-electric vehicle platform. This financing covers research and development, software development, and advanced manufacturing technologies for electric … Read the full press release

Outokumpu Successfully Concludes Share Repurchase Program, Acquiring 268,446 Shares

(IN BRIEF) Outokumpu, a prominent stainless steel producer, has successfully completed its share repurchase program, which began on November 29, 2023, and concluded on January 3, 2024. Authorized by the Board of Directors under the mandate of the Annual General … Read the full press release

QIAGEN Expands Presence in Middle East with New Riyadh HQ, MoU with Saudi Ministry of Health, and Oman TB Screening Initiative

(IN BRIEF) QIAGEN, a leading provider of molecular diagnostics and life sciences solutions, is significantly expanding its operations in the Middle East region. In early 2024, the company will open its regional headquarters in Riyadh, Saudi Arabia, to strengthen its … Read the full press release

Record Number of Applications Received for University of Helsinki’s International Master’s Programs in 2024

(IN BRIEF) The University of Helsinki’s international master’s programs for 2024 received an impressive 12,665 applications from 10,662 applicants. The Master’s Program in Computer Science was the most sought after with 1,402 applications, followed closely by the Master’s Program in … Read the full press release

University of York Celebrates Tenth Anniversary of YorkTalks Research Showcase with Engaging Topics

(IN BRIEF) The University of York is hosting its tenth annual YorkTalks research showcase, featuring experts delivering free short talks on a variety of subjects, including the future of local pubs, artificial intelligence ethics, and the role of spirituality in … Read the full press release

Majda Lahlou Kassi Takes the Helm as Ericsson’s VP for West Africa and Morocco

(IN BRIEF) Ericsson has announced the appointment of Majda Lahlou Kassi as the Vice President and Head of Ericsson West Africa and Morocco, effective from January 1, 2024. With nearly 25 years of experience at Ericsson, Majda will lead the … Read the full press release

OMV Petrom Expands Renewable Portfolio with 1 GW Capacity and Dominant EV Charging Network Acquisition

(IN BRIEF) OMV Petrom, Southeast Europe’s largest integrated energy company, is set to acquire a 50% stake in Electrocentrale Borzesti, which holds a 1 GW capacity of renewable projects, including 950 MW of wind and 50 MW of photovoltaic, in … Read the full press release

Ricoh Strengthens Production Print Capabilities with Albyco Acquisition

(IN BRIEF) Ricoh, a leader in the print and graphics industry, has successfully acquired Albyco, a Netherlands-based business specializing in finishing solutions for digital graphic communications, labels, signage, and packaging. This strategic move enhances Ricoh’s production print finishing capabilities across … Read the full press release

Accenture Finalizes Acquisition of U.K. Tech Consultancy 6point6

(IN BRIEF) Accenture has successfully concluded its acquisition of 6point6, a prominent U.K. technology consultancy known for its expertise in cloud, data, and cybersecurity. This strategic acquisition bolsters Accenture’s capabilities in strategy and architecture, with a strong focus on sectors … Read the full press release