Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Infineon Collaborates with Infypower to Boost EV Charging Efficiency with SiC Power Semiconductors

(IN BRIEF) Infineon Technologies has partnered with Infypower, a prominent Chinese new energy vehicle charging company, to enhance the efficiency of electric vehicle (EV) charging stations. Infineon will supply Infypower with its industry-leading 1200 V CoolSiC™ MOSFET power semiconductor devices, … Read the full press release

ZF Presents Electrified Trailer Concept for Sustainable Road Freight

(IN BRIEF) ZF, a leader in digital solutions for energy management and automation, is showcasing its electrified trailer concept at the NUFAM commercial vehicles trade show in Germany. The solution integrates ZF’s AxTrax 2 electric axle with a modular battery … Read the full press release

Digital-First Retrofitting Holds Key to Building Decarbonization, Schneider Electric Research Shows

(IN BRIEF) New research from Schneider Electric, a leader in energy management and automation, emphasizes the importance of a digital-first approach to retrofitting buildings for decarbonization. As buildings contribute significantly to global carbon emissions, making them more energy-efficient is crucial. … Read the full press release

UniCredit Plans €2.5 Billion Share Buy-Back as Part of 2023 Distribution Strategy

(IN BRIEF) UniCredit S.p.A. has announced its intention to launch a tranche of its 2023 share buy-back program, with a maximum value of €2.5 billion. The bank cites its strong capital levels, robust financial performance, solid asset quality, and lower … Read the full press release

Iberdrola Forms Strategic Partnership with Enlit to Host Enlit Europe 2025 in Bilbao

(IN BRIEF) Iberdrola has forged a strategic alliance with Enlit, a prominent media and events company in the European energy transition sector. This collaboration will culminate in Bilbao hosting the Enlit Europe conference and exhibition in 2025 at the Bilbao … Read the full press release

Alexion and AstraZeneca Acquire Rare Disease Gene Therapy Portfolio from Pfizer for $1 Billion

(IN BRIEF) Alexion, in collaboration with AstraZeneca Rare Disease, has finalized an agreement to acquire a collection of preclinical rare disease gene therapy programs and related technologies from Pfizer Inc. This strategic move combines the expertise of Alexion and AstraZeneca … Read the full press release

ORLEN and Northland Power Secure Financing for Baltic Power Wind Farm

(IN BRIEF) The ORLEN Group and Northland Power have signed credit facility agreements with a syndicate of 25 Polish and international financial institutions to finance the Baltic Power project, the first wind farm to be constructed in Polish waters of … Read the full press release

Axel Springer Partners with Connatix to Enhance Online Video Engagement and Monetization

(IN BRIEF) Axel Springer, a global media and technology company, has entered a long-term partnership with Connatix, a leading video technology firm, to boost online video engagement and monetization. This collaboration aims to drive revenue for Axel Springer’s media brands … Read the full press release

Medidata Launches Comprehensive Diversity Program to Improve Inclusion in Clinical Trials

(IN BRIEF) Medidata, a subsidiary of Dassault Systèmes, has introduced the Medidata Diversity Program, an extensive solution aimed at enhancing diversity, equity, and inclusion in clinical trials. This program supports biopharmaceutical companies, medical device firms, and clinical research organizations (CROs) … Read the full press release

Kate Thomson Appointed Interim Chief Financial Officer at bp

(IN BRIEF) bp has named Kate Thomson as its interim Chief Financial Officer (CFO) following the recent appointment of Murray Auchincloss as the interim CEO. Kate Thomson, currently serving as bp’s Senior Vice President of Finance for Production & Operations, … Read the full press release

Coventry City Council and E.ON Launch Pioneering 15-Year Partnership to Boost Carbon Reduction and Local Economy

(IN BRIEF) Coventry City Council has embarked on a unique 15-year partnership with E.ON, designating the energy company as the city’s Strategic Energy Partner. This groundbreaking initiative aims to revolutionize energy usage in Coventry by prioritizing diversity, equity, and inclusion … Read the full press release

DHL and Formula 1® Biofuel Trucks Slash Carbon Emissions by 83% During European Leg of 2023 Championship

(IN BRIEF) DHL and Formula 1® have achieved an impressive 83% reduction in carbon emissions during the European leg of the 2023 FIA Formula One World Championship by using a new fleet of trucks powered by HVO100 biofuel. These trucks, … Read the full press release

Vodafone and AST SpaceMobile Make History with First Space-Based 5G Voice Call

(IN BRIEF) Vodafone and AST SpaceMobile have achieved a groundbreaking milestone by completing the world’s first space-based 5G voice call. The successful call was made from Hawaii to a Vodafone engineer in Spain using a standard Samsung Galaxy S22 smartphone … Read the full press release

BASF Showcases Innovative Solutions at Fakuma 2023 to Address Plastic Waste and Sustainability

(IN BRIEF) BASF is highlighting a range of innovative solutions at the 28th Fakuma exhibition in Friedrichshafen, Germany, aimed at addressing plastic waste and promoting sustainability. The showcased solutions include mass-balanced plastics that reduce resource consumption and greenhouse gas emissions, … Read the full press release

BASF Launches Industry’s First Biomass Balance Offerings for Plastic Additives

(IN BRIEF) BASF has introduced the industry’s first biomass balance offerings for plastic additives, including Irganox® 1010 BMBcert™ and Irganox® 1076 FD BMBcert™. These products are certified by TÜV Nord for mass balance according to the International Sustainability and Carbon … Read the full press release

Telekom and RTL Deutschland Launch “5G Live Video Production” Service

(IN BRIEF) Telekom and RTL Deutschland have introduced the “5G Live Video Production” service, which enables stable broadcasting for live events using 5G standalone and network slicing technologies. This service allows TV teams to transmit live HD video streams reliably … Read the full press release

ING Completes Share Buyback Program by Repurchasing 2.3 Million Shares

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

(IN BRIEF) ING has announced the completion of its €1.5 billion share buyback program, which was launched on May 11, 2023. During the week of September 11 to September 15, 2023, the bank repurchased 2,315,477 shares at an average price … Read the full press release

Siemens Partners with Monta to Expand Electric Vehicle Charging Infrastructure in Europe

(IN BRIEF) Siemens has entered into a partnership with Monta, an electric vehicle (EV) charging platform provider, to enhance the development of charging infrastructure across Europe. Siemens will utilize Monta’s Charge Point Management System (CPMS) to manage its own EV … Read the full press release

Siemens and DMG MORI Introduce Industry-Defining Digital Twin for Machine Tool Processing

(IN BRIEF) Siemens and DMG MORI have launched an industry-defining digital twin for machine tool processing on the Siemens Xcelerator Marketplace. This digital twin, based on the Digital Native CNC Sinumerik One, includes a replica of the control system, machine … Read the full press release