(IN BRIEF) TotalEnergies, a global multi-energy company, has fully acquired Total Eren after a successful strategic alliance of five years. The acquisition increases TotalEnergies’ stake from close to 30% to 100%, integrating Total Eren’s teams within TotalEnergies’ Renewables business unit. … Read the full press release
(IN BRIEF) CUPRA has partnered with Italian eyewear brand L.G.R for the second time to unveil a new eyewear collection. The collaboration features three sunglasses models: Tribe, Reunion Metal Explorer, and Nomad II, each embodying the unique design perspective and … Read the full press release
Posted in Apparel, Fashion & Beauty, Automotive, Business, Industrial, Italy, Management, News, Spain
Tagged CUPRA, fashion, L.G.R, Luca Gnecchi Ruscone, Nomad II, partnership, Reunion Metal Explorer, SEAT, sunglasses, Sven Schuwirth, Tribe
(IN BRIEF) SEAT S.A. and its brands SEAT, CUPRA, and SEAT MÓ have expanded their partnership with Catorce/DDB, a Barcelona-based creative agency. Catorce/DDB will continue as the global creative agency for the automotive company under a new three-year contract starting … Read the full press release
Posted in Automotive, Business, Industrial, Management, Marketing, News, Spain
Tagged &Rosàs, Catorce/DDB, creative agency, CUPRA, Jordi Rosàs, José Maria Roca, Juan Carlos Ortiz, partnership, SEAT, Sven Schuwirth
(IN BRIEF) Alison Rose, CEO of NatWest Group, acknowledges making a serious error of judgment during her conversations with the BBC about the bank’s relationship with Mr. Farage. She disclosed that Mr. Farage was a Coutts customer and had been … Read the full press release
Posted in Banks, Business, Financial, Industrial, Management, Media, News, United Kingdom
Tagged Account Discussions, Alison Rose, CEO, Error of Judgment, Howard Davies, Mr. Farage, NatWest, Simon Jack
(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Management, News
Tagged Earnings Outlook for 2023, Financial, Michael Müller, power generation, RWE
(IN BRIEF) DHL Group has agreed to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, aiming to strengthen its position in the rapidly growing Turkish parcel and e-commerce market. … Read the full press release
Posted in Business, Germany, Industrial, Internet & Online, Management, News, Technology, Transportation & Logistics, Turkey
Tagged acquisition, DHL Group, E-Commerce, MNG Kargo, Pablo Ciano, partnership, Tobias Meyer, Turkey
(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release
Posted in Business, Financial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged CZECH, digital transition, EIF, InvestEU, investment, Marjut Falkstedt, partnership, Petr Němec, SG Equipment Finance, SLOVAK, small Mid-Caps, SMEs
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Catarina Bjorlin Hansen as the new Head of Moldova, effective from 1st September 2023. In her new role, Ms. Bjorlin Hansen will lead the EBRD’s operations in Moldova, … Read the full press release
Posted in Banks, Business, European Union, Investment, Management, News, United Kingdom
Tagged Angela Sax, appointment, Catarina Bjorlin Hansen, EBRD, EU Ties, Head of Moldova, investment, leadership
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has financed the rehabilitation of the 55-km Ciumai-Vulcanesti road section in Moldova. The road is an essential part of the strategic M3 Chișinău-Giurgiulești road, connecting Trans-European Network corridors and providing … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s renewable energy projects in Spain, which will include wind and solar photovoltaic plants with a total capacity of 1.1 GW. The loan, signed in … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged EIB, Josu Jon Imaz, partnership, renewable energy projects, Repsol, Ricardo Mourinho Félix, Spain, sustainability
(IN BRIEF) Eni, a global energy company, announces the successful acquisition of Chevron interests in the Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, offshore East Kalimantan. Eni already held a 20% interest … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy
Tagged acquisition, Chevron, East Kalimantan, energy transition, Eni, Ganal PSC, Gandang gas project, Gendalo, IDD, Indonesia, Indonesia Deepwater Development, Indonesian Blocks, Jangkrik FPU, Kutei Basin, Makassar Straits PSC, Neptune Energy, Rapak PSC
(IN BRIEF) Shell plc’s subsidiary, Shell Upstream Overseas Services (I) Limited (“SUOS”), has agreed to sell its 35% participating interest in Indonesia’s Masela Production Sharing Contract (“Masela PSC”) to PT Pertamina Hulu Energi (“PHE”) and PETRONAS Masela Sdn. Bhd (“PETRONAS … Read the full press release
(IN BRIEF) During the General Shareholders’ Meeting, Repsol’s Chairman, Antonio Brufau, highlighted the company’s commitment to the energy transition and its potential for an “enormous opportunity.” Repsol aims to transform its business with a focus on human, technological, and industrial … Read the full press release
Posted in Business, Energy, Gas & Oil, Spain
Tagged Antonio Brufau, Aránzazu Estefanía, China and Russia, dividend distribution, energy transition, European Energy Transition, Henri Philippe Reichstul, John Robinson West, Josu Jon Imaz, María Teresa García-Milá, Overdependence, Repsol, shareholder remuneration
(IN BRIEF) Lausitz Energie Kraftwerke AG (LEAG), the largest private energy company in eastern Germany, has submitted a permit application for the construction of an innovative Power-to-X plant in Jänschwalde, Lusatia. The plant will store and re-electrify excess renewable energy … Read the full press release
(IN BRIEF) Skanska has secured a contract with Lehigh University to redevelop the Clayton University Center on its campus in Pennsylvania, USA, at a cost of USD 70 million (SEK 730 million). The renovation project involves upgrading various utilities, installing … Read the full press release
Posted in Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Clayton University Center, Lehigh University, partnership, Skanska
(IN BRIEF) Roche and Alnylam have entered into a partnership to jointly develop and commercialize zilebesiran, an investigational RNAi therapeutic for the treatment of hypertension. Hypertension affects a significant number of adults worldwide and is a major risk factor for … Read the full press release
Posted in Business, Healthcare, Industrial, Management, News, Pharma & Biotech, Science, Switzerland
Tagged Alnylam, Hypertension Treatment, partnership, RNAi Therapy, Roche, Teresa Graham, Yvonne Greenstreet MBChB, zilebesiran
(IN BRIEF) Schneider Electric has announced the opening of applications for the second installment of the Schneider Electric Sustainability Impact Awards. Launched in 2022, these awards recognize the contributions of Schneider’s partner ecosystem in promoting sustainability and digital transformation in … Read the full press release
(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release
(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
(IN BRIEF) Lightsource bp has released its 2022 Sustainability Report, detailing the company’s sustainability strategy, progress, and achievements. The report highlights the development of 3GW of solar projects, efforts to achieve biodiversity net gain, updated greenhouse gas emission inventories, and … Read the full press release
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