Category Archives: Business

Business Press Releases & News distributed via EuropaWire

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

Revolutionizing Manufacturing: Hexagon’s HxGN Production Machining Suite Unveiled

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has launched HxGN Production Machining, a suite of software designed to revolutionize manufacturing processes for discrete parts across industries like medical and aerospace. The suite offers CAD and CAM capabilities, process simulation, G-code verification, … Read the full press release

Siemens and DMG MORI Unveil End-to-End Digital Twin for Machine Tool Machining

(IN BRIEF) Siemens and DMG MORI have introduced an end-to-end digital twin for machine tool machining on Siemens Xcelerator. This digital twin includes a replica of the controller, a customer-specific DMG MORI machine tool, and the workpiece. The technology allows … Read the full press release

Škoda’s Superb and Kodiaq Models Ace Rigorous Testing Ahead of World Premieres

(IN BRIEF) Škoda’s upcoming generations of Superb and Kodiaq models have successfully completed an extensive international testing program. Over the course of two years, these vehicles underwent over a million kilometers of testing, exposing them to extreme temperatures ranging from … Read the full press release

BBVA Launches Game-Changing API Connectivity for Treasury Solutions

(IN BRIEF) BBVA has introduced new API connectivity for its treasury solutions, significantly reducing integration times for BBVA Pivot Connect by 80 percent. The initial set of APIs available on BBVA Pivot allows companies to manage supplier payments, track international … Read the full press release

Volkswagen Unveils Third-Generation Tiguan with Advanced Technology and Improved Efficiency

(IN BRIEF) Volkswagen has unveiled the all-new Tiguan, marking the third generation of this highly successful compact SUV. The new Tiguan is based on the Modular Transverse Matrix (MQB evo) platform, which enables the introduction of new hybrid drivetrains with … Read the full press release

Volkswagen Unveils New Tiguan Model in Employee Event

(IN BRIEF) Volkswagen presented its new Tiguan model to around 10,000 employees at a works meeting at the Wolfsburg plant, ahead of the official media unveiling. The Tiguan has been one of Volkswagen’s most successful models, with 7.6 million units … Read the full press release

Dr. Jörg Homering Appointed Head of Production and Site at Mercedes-Benz Ludwigsfelde

(IN BRIEF) Dr. Jörg Homering, previously Head of Industrial Strategy at Mercedes-Benz Vans, will assume the role of Head of Production and Site at Mercedes-Benz Ludwigsfelde GmbH on November 1, 2023. He will succeed Dr. Markus Keicher, who is transitioning … Read the full press release

Environmental Threat Looms Over Central Asia’s Fertile Fergana Valley Due to Uranium Legacy

(IN BRIEF) The Fergana Valley, a crucial agricultural region in Central Asia, faces a looming environmental crisis resulting from decades-old uranium mining activities. The aftermath of Soviet-era uranium mining, marked by abandoned mines, open tunnels, and improperly managed waste dumps, … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

SGS Expands Accreditation to Certify Textile Exchange Standards Across Multiple Regions

(IN BRIEF) SGS has been accredited by the IOAS (International Organic Accreditation Service) as an independent third-party certification body to issue certificates for Textile Exchange standards in new regions, including Europe, Asia, Africa, and North America. This expanded geographical reach … Read the full press release

Henkel’s Xathon Expands to AI Focus While Empowering Female Entrepreneurs

(IN BRIEF) Henkel’s Xathon, a hackathon for early-stage female entrepreneurs, has transformed into an open innovation challenge with a strong focus on AI while maintaining its commitment to supporting women in tech. In its fifth edition, Xathon addresses real business … Read the full press release

Kuehne+Nagel Named Official Logistics Partner for COP28 Climate Conference in Dubai

(IN BRIEF) Kuehne+Nagel has been appointed as the official logistics partner for COP28, the 2023 UN Climate Change Conference in Dubai. The logistics company will oversee all on-site logistics activities at Expo City Dubai, including building country pavilions and stages … Read the full press release

European Investment Fund Backs Croatian Innovation with CVCi 2 Funding

(IN BRIEF) The European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of Croatia have announced a funding agreement for the Croatian Venture Capital Initiative 2 (CVCi 2). This program builds on the success of the … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

BioNTech and CEPI Join Forces to Develop mRNA-Based Vaccine for mpox Prevention

(IN BRIEF) BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) have entered into a strategic partnership to develop an mRNA-based vaccine, BNT166, for the prevention of mpox (formerly monkeypox), an infectious disease that can have severe and life-threatening complications. … Read the full press release