Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Saab Extends Framework Agreement with U.S. Department of Defense for Close Combat Solutions

(IN BRIEF) Saab has announced an extension of its Indefinite Delivery, Indefinite Quantity (IDIQ) framework agreement with the U.S. Department of Defense (DoD). This extension allows the DoD to place orders for Saab’s close combat solutions worth up to an … Read the full press release

Kapsch TrafficCom Invests EUR 1.3 Million in Production Expansion of Toll Collection OBUs

(IN BRIEF) Kapsch TrafficCom is expanding its production of on-board units (OBUs) for contactless toll collection in Vienna by over 30%, allowing for the manufacture of approximately 2 million OBUs annually. The expansion represents an investment of EUR 1.3 million. … Read the full press release

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release

TotalEnergies Provides Urgent Relief to Flood-Affected Libya

(IN BRIEF) In response to the devastating floods in Libya’s Derna region, TotalEnergies has swiftly stepped in to provide critical assistance. The company has deployed both ground and air resources, sending nearly 50 tons of essential supplies, including medical items, … Read the full press release

Equinor’s Johan Castberg Project Sees Nearly NOK 13 Billion Cost Increase, But Production Timeline Unchanged

(IN BRIEF) The Johan Castberg partnership, consisting of Equinor, Vår Energi, and Petoro, has announced an upward revision of the project’s cost estimate, with an increase of nearly NOK 13 billion compared to the previous year. Despite these cost escalations, … Read the full press release

ABT CUPRA XE Secures Double Podium Finish at Island X Prix in Sardinia

(IN BRIEF) ABT CUPRA XE achieved an outstanding performance at the Island X Prix in Sardinia during the Extreme E season. The team, led by drivers Klara Andersson and Sébastien Loeb, secured a podium finish in both races, earning a … Read the full press release

King Felipe VI Receives SEAT S.A. Executive Committee to Discuss Electric Mobility and Record-Breaking Performance

(IN BRIEF) His Majesty King Felipe VI of Spain held an audience with the Executive Committee of SEAT S.A., led by its President, Wayne Griffiths, at Palacio Albéniz in Barcelona. During the meeting, SEAT S.A. executives updated the King on … Read the full press release

DemoSATH Floating Offshore Wind Project Powers Up, Pioneering Clean Energy in Spain

(IN BRIEF) The DemoSATH floating offshore wind project, led by Saitec Offshore Technologies in collaboration with RWE and KEPCO, has achieved a significant milestone by commencing electricity generation. Located off the Basque coast, the DemoSATH platform features a 2 MW … Read the full press release

Audi Collaborates with Vodafone on 5G Augmented Reality App for Premium Charging Experience

(IN BRIEF) Audi is enhancing the electric vehicle charging experience by partnering with Vodafone to develop an interactive augmented reality (AR) app at its Nuremberg charging hub. The charging hub provides premium amenities such as workstations, a meeting room, a … Read the full press release

Bentley Collaborates with Designer Supriya Lele, Showcasing Leather-Offcut Creations at London Fashion Week

(IN BRIEF) Bentley Motors has partnered with acclaimed fashion designer Supriya Lele to showcase a unique collaboration at London Fashion Week for the Spring/Summer 2024 season. As part of their shared commitment to craft, excellence, heritage, and luxury, Lele used … Read the full press release

Berlin Completes Rollout of New S-Bahn Fleet Enhancing Public Transport Service

(IN BRIEF) Berlin celebrates the completion of its new S-Bahn fleet with all 106 trains now in service, offering passengers enhanced comfort and convenience. These state-of-the-art trains feature air conditioning, advanced passenger information systems, and security cameras, providing a significant … Read the full press release

Amundi and Sand Grove Capital Launch UCITS Fund for Event-Driven Equity Strategy

(IN BRIEF) Amundi, Europe’s largest asset manager, and Sand Grove Capital Management LLP have unveiled the Amundi Sand Grove Event Driven Fund. This fund, available on the Amundi Alternatives UCITS platform, focuses on a global event-driven equity strategy with a … Read the full press release

Siemens Mobility Successfully Tests Hydrogen-Powered Mireo Plus H Train in Bavaria

(IN BRIEF) Siemens Mobility has completed the initial test runs for its hydrogen-powered Mireo Plus H train in Bavaria, Germany. This two-car trainset is set to begin passenger service in mid-2024, operating on routes between Augsburg and Füssen and Augsburg … Read the full press release

Enel Joins Forces with Atalanta Football Club as Official Energy Partner for Sustainability

(IN BRIEF) Enel, a multinational power company, has entered into a partnership with Italy’s Atalanta football club to become its Official Energy Partner. As part of the collaboration, Enel’s logo will feature prominently at Atalanta’s stadium, including on LED screens, … Read the full press release

Terna Modernizes Naples Metropolitan Area’s Electricity Grid with Sustainable Technology

(IN BRIEF) Terna, Italy’s national grid operator, is continuing its modernization efforts for the electricity grid in the metropolitan area of Naples. This phase involves replacing a 5 km underground cable with a more reliable and sustainable XLPE (cross-linked polyethylene) … Read the full press release

Terna and Autonomous Province of Bolzano Sign Agreement for Eisack Valley Electricity Grid Restructuring

(IN BRIEF) Terna, in collaboration with the Autonomous Province of Bolzano, has signed an agreement to facilitate the restructuring of the electricity grid in the Eisack Valley. The project, with an investment of 300 million euros, involves the demolition of … Read the full press release

Sika Announces Changes in Board of Directors and Group Management Ahead of Growth Strategy Unveiling

(IN BRIEF) Sika, a global specialty chemicals company, is preparing for a new growth strategy and has announced changes in its Board of Directors and Group Management. Thierry F.J. Vanlancker is proposed to take over as the new Chair of … Read the full press release

Carbon Markets: A Path for Small-Scale Farmers to Combat Climate Change and Boost Income

(IN BRIEF) The changing climate poses significant challenges, including wildfires, unpredictable rainfall, and heatwaves. To address these issues, there’s a global need to reduce greenhouse gas emissions. Carbon markets, including voluntary carbon markets, provide a way to assign value to … Read the full press release

DNV Grants Approval in Principle to HD KSOE for Innovative Hydrogen Transport System

(IN BRIEF) DNV has awarded Approval in Principle (AIP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries, HD Hyundai Heavy Industry (HD HHI) and Hyundai Mipo Dockyard (HMD), for their groundbreaking hydrogen system. HD KSOE aims … Read the full press release

ORLEN Expands Retail Network in Slovakia, Focuses on Alternative Fuels and Electric Mobility

(IN BRIEF) ORLEN, a prominent energy company, has nearly doubled its retail network in Slovakia this year, with all 90 stations now operating under the ORLEN brand. Following this successful rebranding, ORLEN plans to enhance its non-fuel product offerings and … Read the full press release