Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Henkel Joins UN Climate Change Conference to Discuss Supply Chain Decarbonization

(IN BRIEF) Henkel, a global leader in adhesives, participated in a panel discussion hosted by Schneider Electric at the United Nations Climate Change Conference (COP28). The panel, titled “Beyond Carbon – Decarbonizing the Supply Chain for a Greener Tomorrow,” focused … Read the full press release

Austria’s Comprehensive Air Defense Modernization Contract Awarded to Rheinmetall for €532 Million

(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release

Alfa Laval and WinGD Forge Partnership to Accelerate Ammonia-Fueled Engine Development for Carbon-Free Shipping

(IN BRIEF) Alfa Laval, a leading provider of separation and fluid handling solutions, is teaming up with Swiss engine designer WinGD to advance the development of ammonia as a future fuel for marine vessels. As part of their ongoing ammonia … Read the full press release

Continental’s Century-Long Commitment to Sustainable Tire Retreading Reduces CO2 Emissions by 50%

(IN BRIEF) Continental, a leading tire manufacturer, has been advancing sustainability in the tire industry for over a century with its tire retreading program. They retread over a million truck and bus tires annually, saving resources and cutting costs. Research … Read the full press release

Siemens Honors Exceptional Inventors in Annual Awards Ceremony

(IN BRIEF) Siemens has recognized twelve outstanding inventors from various countries in its annual Inventors of the Year awards. These innovators have made significant contributions to fields such as artificial intelligence, sustainable power grids, railcar stability, and electric vehicle charging … Read the full press release

ING Repurchases Over 22 Million Shares as Part of €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 22,450,729 shares during the week of December 4 to December 8, 2023, as part of its €2.5 billion share buyback program initiated on November 2, 2023. These shares were acquired at an … Read the full press release

Renowned Film Director J.A. Bayona Becomes CUPRA Global Ambassador for Creativity and Innovation

(IN BRIEF) Spanish film director and producer J.A. Bayona has been named a global ambassador for CUPRA, a Spanish automotive brand, to promote creativity and innovation. The collaboration was announced at an event in CASA SEAT, strengthening CUPRA’s connection to … Read the full press release

DreamLab App Harnesses Smartphone Power to Create Accurate Tropical Cyclone Maps

(IN BRIEF) Scientists at Imperial College London have partnered with the Vodafone Foundation’s DreamLab app to create the world’s first accurate tropical cyclone maps. These maps, made freely available to the public, help visualize areas at risk of tropical cyclones … Read the full press release

Deutsche Telekom Surpasses Fiber Expansion Targets in 2023

(IN BRIEF) Deutsche Telekom celebrates a successful year of expansion with over 2.5 million new fiber connections established in 2023, reaching its ambitious targets. By year-end, eight million households across Germany will have access to fiber optic connections, with nearly … Read the full press release

BASF Launches Irgastab® PUR 71: A Sustainable and High-Performance Anti-Scorch Solution

(IN BRIEF) BASF has introduced Irgastab® PUR 71, an innovative anti-scorch solution designed to meet regulatory standards and deliver exceptional performance without the use of aromatic amines, addressing the limitations of conventional additives. In the manufacturing of polyurethane foams, the … Read the full press release

Bentley’s ‘Bentley Bees’ Celebrate Fifth Honey Harvest with Exclusive Black Edition Label Honey

(IN BRIEF) Bentley Motors, known for its luxury automobiles, is making a buzz with the fifth honey harvest from its ‘Bentley Bees’ at the Excellence Centre for Honey Production located at the Bentley headquarters in Crewe. The center, which expanded … Read the full press release

Volkswagen’s ID.7 Earns Top 5-Star Safety Rating in Euro NCAP Test

(IN BRIEF) Volkswagen’s new all-electric model, the ID.7, has achieved a stellar five-star safety rating in the Euro NCAP (European New Car Assessment Programme) safety test, solidifying its position among the highest-rated models of 2023 according to the independent European … Read the full press release

EBRD Launches €200 Million Youth in Business Program to Boost Entrepreneurship in Central Asia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is taking steps to tackle youth unemployment and promote entrepreneurship in Central Asia by introducing a seven-year, €200 million (US$218 million) Youth in Business program. This initiative aims to provide … Read the full press release

Azerbaijani Furniture Maker Foriella Grows and Innovates with EBRD Support

(IN BRIEF) In Azerbaijan, furniture manufacturer Foriella, led by Owner and Director Farman Islamli, is harnessing innovation and quality craftsmanship to expand its presence in domestic and international markets. Seeking assistance from the European Bank for Reconstruction and Development (EBRD), … Read the full press release

EBRD Partners with Housing Bank to Promote Green Investment in Jordan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is facilitating environmentally friendly investment in Jordan through its Green Economy Financing Facility (GEFF) by granting a $15 million (€13.8 million) loan to the Housing Bank (HBTF). This funding package … Read the full press release

EIB Commits €100 Million to Boost Affordable and Sustainable Housing in Rostock

(IN BRIEF) In a significant development, the European Investment Bank (EIB) has approved a €100 million loan to support WIRO Wohnen in Rostock Wohnungsgesellschaft mbH, the municipal housing company in Rostock, Germany. This funding will aid WIRO in constructing 561 … Read the full press release

TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable … Read the full press release

DHL’s Remarkable Shipping Feats of 2023: From Manatees to Wind Turbine Blades

(IN BRIEF) DHL, the global logistics leader, showcased its extraordinary shipping accomplishments in 2023. These included flying manatees over 1,000 miles for rescue, shipping five locomotives from the USA to Peru, delivering a key to save a bird, transporting bobsleds … Read the full press release

European Investment Bank Provides €70 Million to Enhance Elderly Care Facilities of Vivium Zorggroep

(IN BRIEF) The European Investment Bank (EIB) has signed a €70 million loan agreement with Stichting Vivium Zorggroep to support the organization’s investment plans until 2030. Vivium plans to modernize its building management approach, adapt its facilities for new care … Read the full press release

Ukraine Receives €133 Million from European Investment Bank to Repair Damaged Hydro Power Plants

(IN BRIEF) The European Investment Bank (EIB) has disbursed €133 million to Ukraine for the Hydro Power Plants Rehabilitation Project, carried out by Ukrhydroenergo, the country’s largest hydropower generating company. This funding aims to support the restoration and repair of … Read the full press release