Category Archives: Business

Business Press Releases & News distributed via EuropaWire

University of Exeter Launches “Exeter Innovation” Initiative to Tackle Key Challenges

(IN BRIEF) The University of Exeter has introduced a new initiative called “Exeter Innovation” aimed at fostering business partnerships and addressing contemporary challenges, including climate change and skills shortages. This initiative seeks to connect organizations with leading experts, support skill … Read the full press release

Fifth Annual “German AI Award” Recognizes Excellence in Artificial Intelligence

(IN BRIEF) The fifth annual “German AI Award” was presented in Berlin by WELT to honor outstanding achievements in the field of artificial intelligence (AI). The award ceremony included the AI Innovation Award, the AI User Award, and the AI … Read the full press release

50Hertz Signs €4.6 Billion Contracts for High-Performance Cables to Advance Germany’s Green Energy Goals

(IN BRIEF) 50Hertz, a major electricity transmission system operator in Germany, has entered into project and framework contracts with leading European cable manufacturers NKT and Prysmian Power Link. These contracts, valued at €4.6 billion, cover the production and installation of … Read the full press release

Lucas di Grassi Joins ABT CUPRA for the Upcoming Formula E Season

(IN BRIEF) Lucas di Grassi, the most successful driver in Formula E history, is making his return to the competition as part of the ABT CUPRA team for the forthcoming season, set to commence in Mexico on January 13, 2024. … Read the full press release

CUPRA Opens Stylish City Garage in Berlin’s Vibrant Am Tacheles District

(IN BRIEF) CUPRA, the Spanish automotive brand, has expanded its global presence by opening a new CUPRA City Garage in Berlin’s lively Am Tacheles district. The launch event celebrated the connection between Berlin and Barcelona, two cities known for their … Read the full press release

CASA SEAT’s October Lineup: A Month of Festivities, Music, and Cultural Events

(IN BRIEF) CASA SEAT in Barcelona has unveiled a diverse lineup of cultural events for October. Festivities kick off with Oktoberfest celebrations, followed by participation in the 48H Open House Barcelona architecture festival. The month concludes with a Halloween event … Read the full press release

Dutch King Inaugurates Vattenfall’s 1.5 GW Offshore Wind Farm, Among World’s Largest

(IN BRIEF) Dutch King Willem-Alexander, alongside board members of Vattenfall, BASF, and Allianz, has officially inaugurated the Hollandse Kust Zuid 1-4 offshore wind farm in the North Sea. Located 18-36 kilometers off the Dutch coast, the wind farm features 139 … Read the full press release

Enel Completes Sale of 50% Stake in Australian Renewable Assets to INPEX

(IN BRIEF) Enel S.p.A., through its subsidiary Enel Green Power S.p.A. (EGP), has successfully finalized the sale of a 50% stake in its Australian renewable energy entities, Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively … Read the full press release

Volkswagen Unveils Vehicle Allocation Plans for German Production Network Through 2028

(IN BRIEF) Volkswagen is gearing up its Germany-based production network for the future, outlining its vehicle allocation plans through 2028 to the Volkswagen Group’s Supervisory Board. This strategic move aims to ensure profitable capacity utilization and economic viability in the … Read the full press release

EBRD Supports Albania’s Agribusiness and Tourism Sectors with €2 Million Loan to Union Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to €2 million to Union Bank to bolster financing in Albania’s agribusiness and tourism sectors, essential for the country’s economic growth. Union Bank becomes … Read the full press release

European Leaders Call for Accelerated Clean Energy Transition at High-Level Conference

(IN BRIEF) The heads of the European Investment Bank (EIB), the European Central Bank (ECB), and the International Energy Agency (IEA) have convened in Paris to urge European government leaders, financial institutions, and industries to commit to a swift, equitable, … Read the full press release

Winners of European Investment Bank’s Social Innovation Tournament Announced

(IN BRIEF) The European Investment Bank Institute recently unveiled the winners of this year’s Social Innovation Tournament (SIT) at a ceremony in Stockholm, celebrating European social entrepreneurs and their impactful products or services. The SIT, an annual event organized by … Read the full press release

Zhejiang Jingxing Paper Enhances Quality and Efficiency with State-of-the-Art DIP Line from ANDRITZ

(IN BRIEF) Zhejiang Jingxing Paper Co., Ltd., a prominent Chinese packaging paper and household tissue manufacturer, has successfully initiated operations on a high-capacity deinking pulp (DIP) line supplied by ANDRITZ at its facility in Pinghu City, Zhejiang Province, China. This … Read the full press release

Schneider Electric Recognized in Fortune’s ‘Change the World’ List for Fourth Time

(IN BRIEF) Schneider Electric, a leader in digital energy management and automation, has earned a place on Fortune’s 2023 “Change the World” list for the fourth time. This list ranks companies globally that are making a positive social or environmental … Read the full press release

Infineon Introduces Enhanced USB-C Cable Assembly Controller for Reliable Power Delivery and Data Transfer

(IN BRIEF) Infineon Technologies AG is launching the EZ-PD™ CMG2, a USB-C Electronically-Marked Cable Assembly (EMCA) controller designed to deliver robust USB-C Power Delivery (PD) solutions. This controller, part of the EZ-PD portfolio, supports USB-PD 3.1 and Type-C 2.1 standards, … Read the full press release

ZF Wind Power Invests in Sustainable Water Transport for Offshore Wind Turbine Powertrains

(IN BRIEF) ZF Wind Power and Vestas are addressing the growing demand for wind energy and larger offshore wind turbines with the V236-15.0 MWTM powertrain. This powertrain aims to push the boundaries of offshore wind energy production, with a single … Read the full press release

ZF Introduces Next-Gen Rail Drives for Milan and Rome Metros, Enhancing Efficiency and Comfort

(IN BRIEF) ZF, a leading technology company, will supply the metros built by Hitachi Rail for Milan and Rome, Italy, with its latest two-stage spur gear drives. These drives offer several improvements, including a 10% reduction in weight, noise-optimized gearing, … Read the full press release

Voith Enhances OnCare.Health Solution with Wireless Sensors for Predictive Maintenance

(IN BRIEF) Voith has integrated innovative wireless sensors into its OnCare.Health solution to improve maintenance efficiency in papermaking. These sensors can be deployed across the entire papermaking line for various paper grades, from stock preparation to the paper machine’s rotating … Read the full press release

Ahlstrom’s Sustainable Food Packaging Papers Receive Western Michigan Recyclability Certification

(IN BRIEF) Ahlstrom, a leading producer of sustainable and fiber-based packaging solutions, has achieved Western Michigan Recyclability Certification for several food packaging base papers utilizing its proprietary FluoroFree® technology. These products are used in applications like quick service restaurant packaging, … Read the full press release

EWUU Alliance Strengthens Collaboration with New Scientific Directors and Director of Education

(IN BRIEF) The alliance of Eindhoven University of Technology (TU/e), Wageningen University & Research (WUR), Utrecht University (UU), and UMC Utrecht (EWUU) has appointed two Scientific Directors and a Director of EWUU Education to enhance collaboration among the institutions. Ines … Read the full press release