Category Archives: Business

Business Press Releases & News distributed via EuropaWire

ANDRITZ and Powerhouse Controls Partner to Revolutionize North American Paper Machine Drive Systems

(IN BRIEF) International technology group ANDRITZ has joined forces with Powerhouse Controls, a leading drive system provider, to address the modernization needs of North American paper mills while minimizing production downtime. This partnership combines Powerhouse Controls’ drive solutions with ANDRITZ’s … Read the full press release

eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir

(ACTUALITÉ EN BREF) eCarsTrade, une plateforme d’enchères en ligne B2B spécialisée dans la vente de voitures d’occasion européennes, a annoncé l’arrivée de Dirk Van Roost en tant que nouveau Directeur Financier et Administratif (CFO). Dirk apporte avec lui plus de … Read the full press release

Outokumpu Completes Share Repurchases, Holding Over 28 Million Treasury Shares

(IN BRIEF) On January 15, 2024, Outokumpu announced the completion of its share repurchase program, where it repurchased its own shares across different trading venues. The total cost of these repurchases amounted to EUR 453,926.84. This program was initiated in … Read the full press release

EIB Group Signs PLN 2 Billion Securitisation Agreement with EFL to Support Polish SMEs and Sustainable Projects

(IN BRIEF) The European Investment Bank Group (EIB Group) has entered into a revolving synthetic securitisation agreement with Europejski Fundusz Leasingowy S.A. (EFL) for a PLN 2 billion portfolio of leasing receivables. EFL commits to provide PLN 2.5 billion in … Read the full press release

80% of Torchbearers Announced for Paris 2024 Olympic and Paralympic Torch Relays

(IN BRIEF) Paris 2024 has revealed that 80% of the 11,000 Torchbearers for the Olympic and Paralympic Torch Relays have been selected. These Torchbearers, representing diverse backgrounds, will carry the Olympic and Paralympic Flames throughout France, igniting excitement and anticipation … Read the full press release

Astrophysicist Gilles Chabrier Receives Royal Astronomical Society’s Gold Medal for Outstanding Contributions

(IN BRIEF) Astrophysicist Professor Gilles Chabrier from the University of Exeter and Ecole Normale Superieure de Lyon has been awarded the prestigious Royal Astronomical Society’s Gold Medal for his exceptional contributions to stellar and planetary astrophysics, as well as galactic … Read the full press release

New Research Reveals Link Between High Blood Sugar and Upper Limb Problems

(IN BRIEF) A recent study led by the University of Exeter has identified a connection between consistently high blood sugar levels and upper limb conditions such as frozen shoulder, Dupuytren’s disease, carpal tunnel syndrome, and trigger finger. The research, conducted … Read the full press release

Vodafone to Invest $1.5 Billion in Cloud and AI Services in Collaboration with Microsoft

(IN BRIEF) Vodafone and Microsoft have announced a 10-year strategic partnership aimed at transforming customer experiences and fostering business growth in Europe and Africa. The collaboration includes leveraging Microsoft’s generative AI to enhance customer engagement, expanding Vodafone’s IoT platform, creating … Read the full press release

University of Exeter to Drive Climate Action Discussions at World Economic Forum

(IN BRIEF) The University of Exeter is set to play a significant role in advancing climate action discussions at the World Economic Forum in Davos. The university will organize a series of events building upon the recently launched Global Tipping … Read the full press release

Volvo Group Explores Potential Sale of Arquus, Expects Negative Impact on Q4 2023 Income

(IN BRIEF) The Volvo Group has entered into an option agreement with John Cockerill Defense, allowing Volvo to potentially sell Arquus, a company specializing in defense vehicle manufacturing. The agreement requires consultations with employee representative bodies, expected to conclude in … Read the full press release

DNV’s Market Study Explores Denmark’s Potential as a European CO2 Hub in Pursuit of Climate Targets

(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release

DAAD Recommends Realpolitik Approach in New Guidelines for Academic Cooperation with China

(IN BRIEF) The German Academic Exchange Service (DAAD) has released guidelines for academic collaboration with China, favoring a realpolitik approach in line with the German government’s China strategy. The guidelines provide three general principles for German higher education institutions dealing … Read the full press release

Bundeswehr Awards Rheinmetall €50 Million Contract for Aircraft Decoy Flares

(IN BRIEF) The German military, Bundeswehr, has awarded Rheinmetall a significant contract worth nearly €50 million for over 470,000 decoy flares from Rheinmetall’s Birdie product line. These infrared decoy flares are used to distract incoming infrared-homing guided missiles and simulate … Read the full press release

BT Extends Sponsorship of Welsh Rugby Union Sides for Record 10 Consecutive Years

(IN BRIEF) BT has confirmed its commitment to sponsor all four Welsh professional rugby union teams, including Ospreys, Cardiff Rugby, Scarlets, and Dragons, until the conclusion of the 2023-24 season. This marks a decade of continuous sponsorship, making it one … Read the full press release

Business Leaders Optimistic for 2024 Despite Global Headwinds, Focusing on Technology and Sustainability Investments, Finds Capgemini Report

(IN BRIEF) According to the latest report by the Capgemini Research Institute, business leaders are entering 2024 with a heightened sense of optimism compared to the previous year, with 56% expressing confidence in their organization’s future growth despite ongoing global … Read the full press release

Atos Appoints Paul Saleh as CEO and Jacques-François de Prest as CFO, Strengthens Board with Key Appointments

(IN BRIEF) Atos has announced the appointment of Paul Saleh as the new Chief Executive Officer (CEO) of the Group, effective immediately, succeeding Yves Bernaert. The company has also named Jacques-François de Prest as the Group Chief Financial Officer (CFO), … Read the full press release

Thuraya and Ericsson Successfully Upgrade Billing and Charging Systems, Enhancing Service Experience

(IN BRIEF) Thuraya, the mobile satellite services operator based in the United Arab Emirates, has completed a successful migration and upgrade of its monetization systems with Ericsson. The upgrade involved deploying the latest Ericsson Billing and Ericsson Charging solutions, resulting … Read the full press release

Alstom Foundation Promotes Environmental Education Initiative in Spain to Combat Plastic Pollution

(IN BRIEF) The Alstom Foundation is collaborating with Fundación Vivo Sano in Spain to launch the “Seres Plásticos” environmental education program, aimed at raising awareness about the issues stemming from plastic waste accumulation. This initiative, primarily conducted in schools, will … Read the full press release

Alstom Appoints Dalya Al Muthanna as CEO for Gulf Region, Focusing on Sustainable Mobility Growth

(IN BRIEF) Alstom has named Dalya Al Muthanna as the new Managing Director & CEO for the Gulf region, covering the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain. Dalya brings a wealth of experience, having served as President at … Read the full press release

Business Days Twente Celebrates 40th Anniversary: A Decades-Long Journey of Career Exploration

(IN BRIEF) Business Days Twente, the largest student career event in the Netherlands, is marking its 40th anniversary this year with a special edition. Started by study associations, it has evolved into a foundation, offering workshops, company interviews, informal activities, … Read the full press release