(IN BRIEF) BAE Systems’ FalconWorks division has signed a Memorandum of Understanding (MoU) with Hybrid Air Vehicles to explore innovative ways of gathering intelligence and communication. FalconWorks also announced a framework agreement with QinetiQ for collaborative work on autonomous Uncrewed … Read the full press release
(IN BRIEF) BAE Systems and Larsen & Toubro (L&T) have entered into a licensing and manufacturing agreement to introduce the BvS10 all-terrain vehicle to the Indian market. The vehicle, named BvS10-Sindhu for the Indian Armed Forces, has been upgraded to … Read the full press release
Posted in Automotive, Business, Defence, Financial, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics, United Kingdom
Tagged 'BvS10-Sindhu', All-Terrain Vehicle, BAE Systems, Indian Armed Forces, Larsen & Toubro, Mr. Arun Ramchandani, partnership, sustainability, Tommy Gustafsson-Rask
(IN BRIEF) Siemens has secured two significant orders to establish electric bus (e-bus) charging infrastructure in two German cities, Hamburg and Saarlouis. In Hamburg, Siemens will continue to support Hamburger Hochbahn AG, one of the country’s largest public transport companies, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, Transportation & Logistics
Tagged charging infrastructure, electric bus, electromobility, Emission Reduction, Germany, Hamburg, Hamburger Hochbahn AG, Markus Mildner, partnership, Saarlouis, Siemens, sustainability
(IN BRIEF) LG Chem, South Korea’s leading chemicals producer, and Italian energy group Eni Sustainable Mobility have announced their joint exploration of developing and operating a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims … Read the full press release
Posted in Business, Chemicals, Construction, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged biorefinery, Daesan, Eni, LG Chem, partnership, plastics, South Korea, sustainability, sustainable fuels
(IN BRIEF) AB Electrolux has announced the appointment of the Nomination Committee for its Annual General Meeting (AGM) in 2024. As per the AGM’s decision, the Nomination Committee will consist of six members. Four of these members are chosen by … Read the full press release
(IN BRIEF) Pharmaceutical company GSK and international non-profit organization Save the Children have renewed their partnership for another five years, with GSK committing £15 million to the initiative. The collaboration will primarily focus on increasing child vaccination rates and reducing … Read the full press release
Posted in Business, Government, Healthcare, Industrial, Management, News, Non Profit, Pharma & Biotech, Science, Security & Safety, Society, United Kingdom
Tagged Child Vaccination Rates, Dr Thomas Breuer, Dr. Lia Tadesse, ETHIOPIA, GSK, Nigeria, partnership, Save the Children, Xavier Joubert, Zero dose children
(IN BRIEF) Industrial and technology company thyssenkrupp is undergoing a significant transformation, reorganizing its portfolio to create the “Decarbon Technologies” segment, set to launch on October 1, 2023. This new segment will consolidate key technologies for decarbonizing industries, such as … Read the full press release
Posted in Business, Environment, Germany, Industrial, Management, News, Technology
Tagged Decarbon Technologies, green transition, Miguel López, ThyssenKrupp
(IN BRIEF) Rheinmetall, a German technology group, is introducing the HX ANACONDA wheeled bridge-laying system at the FIREmobil show in Welzow, Germany. This versatile solution, consisting of the Anaconda bridge-laying system from General Dynamics European Land Systems and an HX … Read the full press release
(IN BRIEF) Vattenfall, a leading energy company, has exercised its right of entry to develop the N-6.6 offshore wind power project, also known as “Nordlicht II,” off the German North Sea coast. This decision comes as part of the tender … Read the full press release
(IN BRIEF) Grain LNG, Europe’s largest liquefied natural gas (LNG) terminal, has launched an auction for 375 GWh/d (approximately 9 million tonnes per annum) of existing capacity. Running from September 14 to November 23, 2023, this initiative, comprising three capacity … Read the full press release
(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged Deutsche Bank, EIB, EIF, Gelsomina Vigliotti, Italy, Mid-Caps, partnership, Roberto Parazzini, SMEs
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release
Posted in Banks, Business, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Bălți, Catarina Bjorlin Hansen, E5P, EBRD, EU, investment, MOLDOVA, Nicolai Grigorisin, partnership, public transport, street lighting, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Afia International, agribusiness, EBRD, EGYPT, ghee, partnership, Savola Group, sustainability, vegetable oils
(IN BRIEF) Compagnie Financière Africaine (COFINA) in Côte d’Ivoire and Senegal, in collaboration with the European Investment Bank (EIB) and European Commission support, have signed a memorandum of understanding to promote the development of sustainable agricultural value chains. This agreement … Read the full press release
Posted in Agriculture, Banks, Business, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged agricultural, Alassane Dia, Ambroise Fayolle, Amed Sié Touré, COFINA, Cote d’Ivoire, EIB, Francesca Di Mauro, Jean-Marc Pisani, partnership, Senegal, sustainability
(IN BRIEF) The European Investment Bank (EIB) has signed a €12.8 million loan agreement with the Municipality of Burgas in Bulgaria to co-finance the construction of a specialized children’s hospital. This modern facility, equipped with zero-emission technologies, aims to provide … Read the full press release
Posted in Banks, Bulgaria, Business, Construction, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate, Technology
Tagged 21st Century healthcare, Bulgaria, Burgas, Children's Hospital, Dimitar Nikolov, EIB, Lilyana Pavlova, partnership, sustainability
(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged Deutsche Bank, EIB, European Investment Fund (EIF), Gelsomina Vigliotti, Italy, Mid-Caps, partnership, Roberto Parazzini, SMEs
(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Enefit Green, Estonia, partnership, sustainability, Thomas Östros, Veiko Räim, wind farm
(IN BRIEF) TotalEnergies has initiated development studies for a major offshore oil project in Block 58, offshore Suriname. This follows the successful appraisal of the Sapakara South and Krabdagu oil discoveries, confirming a combined resource estimate of approximately 700 million … Read the full press release
(IN BRIEF) Nutreco has appointed Claudio Cervellati to the newly created role of Chief Supply Chain Officer (CSCO) and as a member of Nutreco’s Management Board. Claudio, who joined Nutreco in December 2022, has extensive experience in senior leadership roles … Read the full press release
Posted in Business, Commodities, Food & Beverage, Industrial, Management, Netherlands, News
Tagged appointment, Chief Supply Chain Officer, Claudio Cervellati, Fulco van Lede, leadership, Nutreco
(IN BRIEF) The Alpha Group, based in the UK, has announced its intention to acquire an 85% stake in Cobase, a fintech company nurtured by ING that provides a platform for corporates to manage their banking relationships, accounts, and transactions … Read the full press release
Posted in Banks, Business, Financial, Finland, Industrial, Investment, Management, Netherlands, News
Tagged acquisition, Alpha Group, Cobase, ING, ING Bank, Jorge Schafraad, partnership
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