Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Winter Vivern Exploits Zero-Day Vulnerability in Roundcube Webmail Servers to Target European Governments

(IN BRIEF) ESET researchers have uncovered Winter Vivern’s exploitation of a zero-day XSS (Cross-Site Scripting) vulnerability in the Roundcube Webmail server. The cyberespionage group targeted Roundcube Webmail servers of governmental entities and a think tank in Europe, compromising email systems. … Read the full press release

MAN Truck & Bus Achieves Strong Sales Growth and Profitability in First Nine Months of 2023

(IN BRIEF) MAN Truck & Bus has reported strong performance in the first nine months of 2023, with unit sales increasing by 51% to 84,244 new vehicles. The company’s sales revenue reached €10.6 billion, up 36% year-on-year, attributed to higher … Read the full press release

Eni’s LNG Strategy: New 0.8 bcm Agreement Fuels Growth in Key Asian Markets

(IN BRIEF) Eni, a global energy company, has signed a significant LNG sales agreement with Merakes LNG Sellers for 0.8 billion cubic meters (bcm) annually, starting from January 2024 for three years. This complements their existing 1.4 bcm per year … Read the full press release

ARBURG Shines at Fakuma 2023 with Innovations in Plastics Processing and Sustainability

(IN BRIEF) ARBURG demonstrated its capabilities in plastics processing and innovative solutions at Fakuma 2023 in Friedrichshafen. The exhibition featured 20 exhibits showcasing sustainability, digitalization, and automation in plastics processing. The world premiere of the ALLROUNDER 520 H with the … Read the full press release

Enlighted, a Siemens Company, Empowers Industries with AI-Powered Building Solutions

(IN BRIEF) Enlighted, a property technology company owned by Siemens, has introduced AI enhancements to its Location Services solution, boosting tracking accuracy to over 98%. This technology tracks asset and badge locations within buildings through existing intelligent lighting systems. The … Read the full press release

SSAB Launches SEK 2.5 Billion (EUR 212.5 Million) Share Buyback Program to Optimize Capital Structure

(IN BRIEF) The Board of Directors of SSAB AB (publ) has decided to initiate a share buyback program with a maximum amount of SEK 2.5 billion (~EUR 212.5 Million). The program aims to optimize the company’s capital structure to enhance … Read the full press release

Kapsch TrafficCom CFO Andreas Hämmerle to Depart, CEO Georg Kapsch Takes Over Finance Responsibilities

(IN BRIEF) The Supervisory Board of Kapsch TrafficCom AG has decided not to extend the contract of Andreas Hämmerle, who serves as the Chief Financial Officer (CFO) and is set to remain in his role until 2024. Consequently, Georg Kapsch, … Read the full press release

Norsk Hydro ASA Reports Share Buyback Program Transactions Totaling NOK 312.8 Million (~ EUR 26.5 Million)

(IN BRIEF) Norsk Hydro ASA has provided details of transactions made under its share buyback program, which commenced on September 22, 2023, and is set to conclude on February 29, 2024. The program has involved multiple transactions, with varying daily … Read the full press release

Arkema Doubles Capacity for Sartomer® UV/LED Curing Resins in Nansha Facility Expansion in China

(IN BRIEF) Arkema has commenced production of Sartomer® specialty UV/LED curing resins at its recently expanded facility in Nansha, China, effectively doubling its production capacity. This expansion aims to support the development of sustainable solutions for rapidly growing applications in … Read the full press release

London Gatwick Airport Achieves Top Environmental Certification, Accelerates Net Zero Commitment

(IN BRIEF) London Gatwick Airport, part of VINCI Airports network, has achieved Level 4+ ‘Transition’ certification in the Airport Carbon Accreditation (ACA) scheme, making it the 13th airport within VINCI Airports to reach this highest level of environmental recognition. The … Read the full press release

TotalEnergies’ Cape Ann LNG Terminal Adds 5 Billion Cubic Meters to French Gas Supply

(IN BRIEF) TotalEnergies has officially commissioned the Cape Ann, a Floating Storage and Regasification Unit (FSRU) for liquefied natural gas (LNG) in Le Havre’s port. This FSRU has begun injecting natural gas into the grid, using LNG sourced from Norway. … Read the full press release

Siemens Energy Advances Digital Transformation with SAP Digital Manufacturing Implementation

(IN BRIEF) Siemens Energy, a global energy technology leader, has initiated the implementation of SAP Digital Manufacturing at five of its lighthouse plants across Germany, the United Kingdom, and Mexico. This milestone, carried out in partnership with Syntax Systems GmbH … Read the full press release

TotalEnergies Strengthens Position in Europe’s Largest Power Market with Quadra Energy Purchase

(IN BRIEF) TotalEnergies has signed agreements to acquire Quadra Energy, a major player in the German renewable energy sector. Quadra Energy, with its 9 GW “virtual power plant,” is one of the top aggregators of renewable electricity in Germany. In … Read the full press release

Siemens Healthineers Partners with SAP to Drive Digital Transformation with RISE Solution

(IN BRIEF) Siemens Healthineers, a global medical technology company, has chosen SAP’s RISE with SAP solution for its digital transformation journey. This strategic collaboration involves migrating business systems to the cloud, utilizing SAP S/4HANA Cloud, SAP Business Technology Platform, SAP … Read the full press release

Thales to Provide AI-Enabled Security System for AlUla Heritage Sites

(IN BRIEF) Thales, a global technology leader, has signed a strategic agreement with The Royal Commission for AlUla (RCU) during the Future Investment Initiative in Riyadh. The partnership aims to enhance security at Al Ula’s heritage sites and historical landmarks. … Read the full press release

Enel’s Strategic Divestment: Arcadia Generación Solar Now in Sonnedix’s Hands

(IN BRIEF) Enel and its subsidiary, Enel Chile, have successfully completed the sale of their equity interests in Arcadia Generación Solar to renewable energy producer Sonnedix. This transaction, valued at 556 million US dollars, includes four operational PV plants in … Read the full press release

Eco-Conscious Airbus: Fleet Renewal for Sustainable Transatlantic Transport

(IN BRIEF) Airbus is set to renew its fleet of chartered vessels that transport aircraft subassemblies between Europe and the United States. They will be replaced with three modern, low-emission roll-on/roll-off vessels that utilize wind-assisted propulsion. Airbus has partnered with … Read the full press release

Azane Fuel Solutions Receives 5.4 Million EUR Investment for Ammonia Bunkering Units

(IN BRIEF) Yara Growth Ventures and Navigator Holdings have invested 5.4 million EUR in Azane Fuel Solutions, a Norwegian ammonia bunkering startup. Azane aims to construct the world’s first ammonia bunkering network, starting with its first bunkering unit in Norway, … Read the full press release

Saab Unveils Long-Term Incentive Program for Key Employees

(IN BRIEF) Saab has introduced the Key Employee Plan 2024 (KEY 2024), a long-term incentive program designed to retain key employees. This program, following the Key Employee Plan 2023, is meant to motivate and keep critical talent within the company. … Read the full press release

Benin and Côte d’Ivoire Gain Approval to Join European Bank for Reconstruction and Development (EBRD)

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has received shareholder approval to admit Benin and Côte d’Ivoire as members of the multilateral financial institution. The applications from Benin and Côte d’Ivoire for EBRD membership, submitted in July … Read the full press release