Category Archives: Business

Business Press Releases & News distributed via EuropaWire

AFRY Recognized as Nasdaq ESG Transparency Partner for Commitment to Sustainability Reporting

(IN BRIEF) AFRY has achieved certification as a Nasdaq ESG Transparency Partner for 2022, demonstrating its commitment to transparency in sharing Environmental, Social, and Governance (ESG) information with investors. By obtaining this certification, AFRY emphasizes its dedication to sustainability as … Read the full press release

Avangrid Launches Data Science Team to Enhance Grid Reliability through Proprietary AI Systems

(IN BRIEF) Iberdrola’s subsidiary Avangrid has established a Data Science and Analytics team to develop proprietary AI systems aimed at enhancing grid reliability and customer service quality. The team comprises seven data scientists, engineers, and analysts, creating three distinct AI … Read the full press release

Sappi Saiccor Partners with ANDRITZ for Three-Year Service Contract to Enhance Boiler Efficiency

(IN BRIEF) Sappi Saiccor, a dissolving pulp producer, has entered into a three-year service contract with ANDRITZ for two recovery boilers at its mill in Umkomaas, South Africa. The boilers, operational since 2008 and 2021, produce steam for the mill’s … Read the full press release

Saab Demonstrates Integrated Air Defense Solution for JLTV with Missile System and Camouflage Technology

(IN BRIEF) Saab aims to demonstrate the integration of its missile-equipped RBS 70 NG Mobile Firing Unit (MFU) with advanced technologies, including the Barracuda Mobile Camouflage System and tactical electronics, onto the Joint Light Tactical Vehicle (JLTV). The purpose is … Read the full press release

Equinor Successfully Completes Project to Boost Production from Statfjord Øst Field in Norway

(IN BRIEF) Equinor and its partners have successfully completed a project to increase production by 26 million barrels of oil equivalents from the Statfjord Øst field in Norway. The project was finished with strong safety outcomes and within estimated costs, … Read the full press release

Barclays Bolsters Internet Banking Team with Key Appointments: Emma Taylor as Global Head and Carmen Chan as Managing Director

(IN BRIEF) Barclays has appointed Emma Taylor as the Global Head of Internet Coverage and Carmen Chan as a Managing Director of Internet Coverage within the Technology Investment Banking division. Emma Taylor, with nearly 20 years of experience in Technology … Read the full press release

BAE Systems Awarded $190 Million Contract to Produce Upgraded Bradley A4 Combat Vehicles

(IN BRIEF) BAE Systems has secured a contract modification exceeding $190 million for the production of the Bradley A4, a crucial combat vehicle used by Armored Brigade Combat Teams. The contract includes over 70 M2A4 Infantry Fighting Vehicles and M7A4 … Read the full press release

EBRD Supports LifeSpot in Tackling Poland’s Housing Shortage Amid Refugee Influx

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is granting a loan of up to €25 million to LifeSpot, a residential rental accommodation operator in Poland. The loan aims to address Poland’s housing shortage, which has been exacerbated … Read the full press release

Ahlstrom Sells Stenay Plant in France to Accursia Capital, Paving the Way for Long-Term Growth

(IN BRIEF) Ahlstrom has finalized an agreement to sell its Stenay plant in France to Accursia Capital, a move that aligns with Accursia Capital’s long-term investment strategy to bolster the plant’s position in the paper-based packaging market. The divestment, supported … Read the full press release

DNB Partners with TCS and Capgemini for Enhanced IT Services, Ending Association with Centric

(IN BRIEF) De Nederlandsche Bank (DNB) has entered into four-year agreements with TCS and Capgemini to provide IT services, starting in 2024. TCS will manage the service desk, while Capgemini will oversee the data centers, marking the end of DNB’s … Read the full press release

DNB Welcomes Artie Debidien as New Supervisory Board Member

(IN BRIEF) Dutch Finance Minister Sigrid Kaag has named Artie Debidien as a new member of the Supervisory Board of DNB (De Nederlandsche Bank), based on the recommendation of DNB’s Supervisory Board. Debidien, currently Chief Information Officer and Executive Vice … Read the full press release

Revolutionary Paper-Based Frozen Food Packaging Unveiled Through Collaborative Breakthrough by Ahlstrom and The Paper People LLC

(IN BRIEF) Ahlstrom, in collaboration with The Paper People LLC, has introduced a breakthrough in sustainable packaging with a fully fiber-based, recyclability-certified solution for frozen foods. This packaging, designed to replace conventional fossil-based plastics, provides an eco-friendly alternative for frozen … Read the full press release

Verizon, Ericsson, and MediaTek Achieve Successful Data and Voice Sessions on 5G Network with New RedCap Technology

(IN BRIEF) Verizon, in collaboration with Ericsson and MediaTek, has achieved successful data and voice sessions over its 5G network using Ericsson’s new RedCap compatible software and MediaTek’s RedCap testing platform. This breakthrough technology, referred to as NR light functionality, … Read the full press release

Voith Turbo North America Expands York Workshop for Manufacturing Growth

(IN BRIEF) Voith Turbo North America has started a $5 million expansion of its workshop in York, Pennsylvania, to enhance its American manufacturing capabilities. The expansion includes adding 10,000 square feet of space to the existing facility and converting 17,000 … Read the full press release

SGS Launches State-of-the-Art Testing Lab in Malaysia for Advanced EMC and RF Evaluations

(IN BRIEF) SGS has inaugurated an advanced electromagnetic compatibility (EMC) and radio frequency (RF) testing laboratory in Senai, Johor, Malaysia. Spanning 5,300 square meters, the facility is dedicated to providing cutting-edge testing services for household electrical and electronic (E&E) products. … Read the full press release

EQT Announces Successful Completion of USD 924 Million Block Trade for Coforge

(IN BRIEF) BPEA Private Equity Fund VII (“BPEA EQT”) has successfully sold its remaining 26.6 percent stake in Coforge, an Indian technology services provider listed on the National Stock Exchange. The USD 924 million block trade marked the conclusion of … Read the full press release

ČEPS and RWE Finalize Sale of RWE Gas Storage CZ

(IN BRIEF) State-owned electric power transmission operator ČEPS has finalized the sale of its subsidiary, RWE Gas Storage CZ, to RWE, a German energy company. The Czech Republic’s government approved the purchase, and the contract was signed recently. RWE Gas … Read the full press release

RWE Initiates Green Electricity Advancement with Hambach Lignite Opencast Solar Project

(IN BRIEF) RWE is making substantial progress in green electricity production with a new venture at the Hambach lignite opencast mine. They’re constructing a photovoltaic plant integrated with a battery storage system. About 22,000 solar modules will be installed, capable … Read the full press release

Kalmar, a division of Cargotec, Announces Acquisition of Electric Terminal Tractor Product Line from Lonestar Specialty Vehicles

(IN BRIEF) Kalmar, a division of Cargotec, has announced its acquisition of the electric terminal tractor product line from Lonestar Specialty Vehicles (LSV) in the US. As part of the deal, LSV will transfer immaterial assets to Kalmar and become … Read the full press release

University of Dundee Representatives Embrace Educational and Cultural Exchange at SWUFE in China

(IN BRIEF) Representatives from the University of Dundee attended Southwestern University of Finance and Economics (SWUFE) in China, engaging in a two-week program involving lectures on business, finance, economics, and broader topics like international trade, cultural differences, and COVID recovery. … Read the full press release