(IN BRIEF) GTT, a global leader in the design of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has received an order from Dalian Shipbuilding Industry & Co to design the tanks for two … Read the full press release
Posted in Business, France, Industrial, Management, News, Transportation & Logistics
Tagged Dalian Shipbuilding Industry & Co, GTT, LNG carriers, tank design
(IN BRIEF) UK Research and Innovation (UKRI) has announced £6 million in funding for five new projects aimed at achieving a significant shift towards sustainable plastics. Led by UK universities, these multidisciplinary projects will focus on easier recycling of multilayer … Read the full press release
Posted in Business, Education, Environment, Financial, Industrial, Management, News, Science, Technology, United Kingdom
Tagged Andrew Dove, Chenyu Du, Dr Agnieszka Brandt-Talbot, Dr Daniel Slocombe, funds, innovative projects, Mark Miodownik, Miles Padgett, packaging, plastics, Rebecca Pow, recycling, sustainability, UKRI
(IN BRIEF) ING has announced that it repurchased 1,639,985 shares during the week of July 3-7, 2023, as part of its €1.5 billion share buyback program. The average price per share was €12.45, resulting in a total amount of €20,418,895.26. … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, Netherlands, News
Tagged buyback program, ING
(IN BRIEF) Consumer card spending in the UK showed a year-on-year growth of 5.4% in June, driven by warm weather and increased socializing at pubs and bars. Spending on groceries surged by 9.5%, although shoppers remain concerned about “shrinkflation” and … Read the full press release
Posted in Banks, Business, Economy, Finland, Industrial, Management, News, Retail, United Kingdom
Tagged Barclays, economy, Esme Harwood, inflation, Shrinkflation, Will Hobbs
(IN BRIEF) Orange Jordan has launched its 5G services in various areas of Amman and Irbid, extending its 5G journey that began with a pilot in November 2022. The launch was announced by CEO Philippe Mansour during a press conference, … Read the full press release
(IN BRIEF) LSEG (London Stock Exchange Group) has entered into a long-term agreement with IndusInd Bank, one of India’s largest private sector banks, to support its digital transformation strategy. The partnership will provide IndusInd Bank with access to LSEG’s data … Read the full press release
Posted in Banks, Business, Economy, Financial, International Trade, Investment, Management, News, Technology, United Kingdom
Tagged BANKING, digital transformation, IndusInd Bank, LSEG, partnership, Ranjit Pawar, Siddharth Banerjee
(IN BRIEF) Iberdrola and Vodafone have signed new clean energy power purchase agreements (PPAs) in Spain, Portugal, and Germany. The agreements will see Iberdrola provide Vodafone with 410 gigawatt-hours (GWh) of clean solar energy annually, supporting Vodafone’s net-zero goals and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Spain, Technology, Telecom
Tagged Aitor Moso, Germany, Iberdrola, Joakim Reiter, net-zero, partnership, PORTUGAL, renewable energy, solar energy, Spain, sustainability, vodafone
(IN BRIEF) BASF Shanghai Coatings sites and BASF Coatings’ resin plant in Shanghai have announced their transition to 100% renewable energy usage in 2023. This move aligns with BASF Coatings’ global sustainability targets and contributes to carbon reduction efforts. Through … Read the full press release
(IN BRIEF) Deutsche Telekom and YellowFox are partnering to digitize the fleet and logistics processes of the Modschiedler Group. The solution includes digital order management, a truck route planner, and the “YellowFleetApp” for transport handling and route planning. Connected trackers … Read the full press release
Posted in Automotive, Business, Environment, Germany, Industrial, Internet & Online, Management, News, Technology, Telecom, Transportation & Logistics
Tagged Deutsche Telekom, digitize, fleet, Hagen Rickmann, Hendrik Scherf, logistics, Modschiedler Group, partnership, Roland Modschiedler, sustainability, YellowFleetApp, YellowFox
(IN BRIEF) BAE Systems has received new orders worth £280 million from the UK Ministry of Defence (MOD) for the supply of munitions. The orders, with a potential value of over £400 million, will lead to the creation of over … Read the full press release
Posted in Business, Defence, Government, Industrial, Management, News, United Kingdom
Tagged BAE Systems, Ben Wallace, Charles Woodburn, munitions, partnership, UK Ministry of Defence
(IN BRIEF) Siemens Smart Infrastructure has been recognized as one of the leading providers of security software in smart buildings by industry analyst firm Verdantix. In their “Green Quadrant: Integrated Smart Building Security Software 2023” report, Verdantix evaluated and ranked … Read the full press release
(IN BRIEF) Alpha Trains, a leading European locomotive and trains lessor, has awarded Siemens Mobility a long-term service and maintenance contract for its Vectron locomotives. The 15-year contract includes complete maintenance and revisions at Siemens Rail Service Center in Munich-Allach. … Read the full press release
(IN BRIEF) Eni, in collaboration with industry partners and associations, has presented a strategic orientation document titled “The route to net zero. Decarbonizing the maritime sector.” The document was developed by 40 experts and focuses on analyzing the technological evolution … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Italy, Management, News, Transportation & Logistics
Tagged decarbonizing, Eni, Giuseppe Ricci, Mario Mattioli, maritime, net zero, partnership
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$110 million to QNB Finansbank in Turkey. The loan is part of the EBRD’s Türkiye Disaster Response Framework, launched after the devastating earthquakes in February. … Read the full press release
Posted in Banks, Business, Financial, Industrial, Management, News, United Kingdom
Tagged Arthur Poghosyan, disaster, EBRD, loan, partnership, Post-Earthquake Recovery, QNB Finansbank, Turkey, Yeliz Ataay Arıkök
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new financing to Sparkasse Bank in Bosnia and Herzegovina to support digital transformation investments by small and medium-sized enterprises (SMEs). The EBRD has … Read the full press release
Posted in Banks, Business, European Union, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Amir Softić, Bosnia, digital transformation, digitalisation, EBRD, EU, financing, Herzegovina, Manuela Naessl, partnership, SMEs, Sparkasse Bank
(IN BRIEF) A study conducted by the European Commission and the European Investment Bank (EIB) suggests that implementing the European track gauge on lines to Lviv and Chișinău would be a crucial first step in enhancing connections between Poland and … Read the full press release
Posted in Banks, Business, European Union, Industrial, Infrastructure & Utilities, Luxembourg, Moldova, Poland, Romania, Transportation & Logistics, Ukraine
Tagged Adina Vălean, cross-border connections, EIB, EU-Ukraine Solidarity Lanes, European Commission, European Investment Bank, European track gauge, JASPERS, land transport connections, Solidarity Lanes, Teresa Czerwińska
(IN BRIEF) Banque Mauritanienne de l’Investissement (BMI) and the European Investment Bank (EIB) have signed a memorandum of understanding to provide support to small and medium-sized enterprises (SMEs) and mid-caps in Mauritania. The partnership, under the new 2023-2027 agreement between … Read the full press release
(IN BRIEF) Rheinmetall has been awarded a multiyear framework contract by the German and Dutch armed forces to supply up to 3,058 Caracal airmobile platforms, with a total value of up to €1.9 billion. The contract includes 2,054 vehicles for … Read the full press release
(IN BRIEF) Continental, a tire manufacturer, is equipping its entire Conti Urban tire family with latest-generation sensors, making it the first manufacturer to offer a complete range of tires with sensors. The smart tires, including the Conti Urban HA3, Conti … Read the full press release
(IN BRIEF) Swiss Re Institute’s latest sigma report highlights that emerging Asia, led by the reopening of China’s economy, is expected to be the main driver of global economic growth in the coming years. The report forecasts a growth rate … Read the full press release
Posted in Business, Economy, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged ASIA, CHINA, economy, Global Economic Growth, inflation, Jérôme Haegeli, Li Xing, Swiss Re
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