(IN BRIEF) BAE Systems has been awarded a contract by U.S. Naval Information Warfare Systems Command to engineer command, control, communications, computers, and intelligence (C4I) services on surface ships. The eight-year indefinite delivery, indefinite quantity contract is valued at $537 … Read the full press release
Posted in Business, Defence, Government, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged BAE Systems, C4I Services, Lisa Hand, Surface Ships
(IN BRIEF) Škoda Auto has announced the production of 500,000 battery systems at its plant in Mladá Boleslav, which are mounted in MEB vehicles and plug-in hybrid models by Volkswagen Group brands, including Škoda, Volkswagen, Audi and SEAT. The milestone … Read the full press release
Posted in Automotive, Business, Czech Republic, Industrial, Management, News, Technology
Tagged battery, e-mobility, Michael Oeljeklaus, ŠKODA AUTO, transformation
(IN BRIEF) Volkswagen Group Technology has announced that it contributed around 40% of the total value added, including a new electric drive generation, for Volkswagen’s new flagship ID.7. The highly efficient drive generation, called APP550, has higher performance and improved … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged APP550, competitiveness, e-mobility, ID.7, Scalability, Thomas Schmall, Volkswagen
(IN BRIEF) Swedish energy company Vattenfall has reported stable financial development for the first quarter of 2023. The company’s focus on investing in fossil-free power generation and upgrading the electricity grid has paid off, as falling electricity prices and a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Investment, Management, News, Sweden
Tagged Anna Borg, fossil-free, power generation, Vattenfall
(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release
(IN BRIEF) IT infrastructure company Atea ASA has secured a €50 million loan from the European Investment Bank to improve and expand its hosting facilities in EU countries, with a focus on improving data security and supporting the European goal … Read the full press release
(IN BRIEF) Solvay, a global leader in specialty chemicals, has signed a license agreement with Guangxi Chlor-Alkali Chemical (GHCAC) to support the construction of a hydrogen peroxide megaplant at Qinzhou in China. The megaplant will complement GHCAC’s existing propylene oxide … Read the full press release
(IN BRIEF) The EU Senate-Kosovo Economic Summit was held in London on 20 April, where selected guests of entrepreneurs, industrialists, and global investors attended a closed-door event. The summit aimed to transform Kosovo’s economic position and strengthen its ties within … Read the full press release
(IN BRIEF) Experian has launched a new cloud-based fraud solution called Aidrian, powered by adaptive machine learning, to help businesses prevent fraud without impacting customer experience. It combines a customized machine learning model with device fingerprinting to classify transactions with … Read the full press release
(IN BRIEF) Infineon Technologies and Schweizer Electronic are working on a solution to embed Infineon’s 1200 V CoolSiC™ chips directly onto printed circuit boards (PCB) in order to increase the efficiency of chips based on silicon carbide (SiC). The companies … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Germany, Industrial, Marketing, Technology
Tagged 1200 V CoolSiC™ chips, chip embedding, electric vehicles, Infineon Technologies AG, PCB, PCIM Europe 2023, printed circuit boards, p²Pack®, Robert Hermann, Schweizer Electronic AG, semiconductors, SIC, silicon carbide, Thomas Gottwald
(IN BRIEF) Rheinmetall’s Sensors and Actuators division has secured a contract to supply over 150,000 HRB 1800 hydrogen recirculation blowers, worth a mid-double-digit million-euro range, to a new customer for use in buses and trucks. The hydrogen recirculation blowers improve … Read the full press release
(IN BRIEF) BPEA Private Equity Fund VIII, an affiliated investment fund of BPEA EQT, is set to acquire IMG Academy from Endeavor Group Holdings for USD 1.25 billion. IMG Academy, headquartered in Florida, provides a sports-focused boarding school, sports camps, … Read the full press release
Posted in Business, Education, Financial, Finland, Investment, Management, News, Sports
Tagged acquire, Andrew Fitzmaurice, BPEA EQT, Brent Richard, Endeavor Group Holdings, IMG Academy, Jack Hennessy, Kosmo Kalliarekos
(IN BRIEF) S&P Global has upgraded Metso Outotec’s credit rating to BBB with stable outlook, citing the successful integration and realized synergies, portfolio rationalization through selected divestments, and the company’s proactive management of pricing and costs to curb the effects … Read the full press release
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged Eeva Sipilä, Metso Outotec, S&P Global
(IN BRIEF) The Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co. (MOX) have signed a new Cooperation Agreement during the official visit of the Macao Special Administrative Region to Luxembourg. The agreement extends the scope of the … Read the full press release
(IN BRIEF) Valio, a leading Finnish dairy company, has launched Valio Prime SMP, a new infant-grade skimmed milk powder designed to simplify the production process for infant milk formula (IMF) manufacturers while ensuring the highest microbiological quality. Valio Prime SMP … Read the full press release
Posted in Business, Commodities, Finland, Food & Beverage, Industrial, Management, News
Tagged Christina Maksimow, infant milk formula, Laura Enbom, Timo Pajari, Valio, Valio Prime SMP
(IN BRIEF) Inmarsat Government has announced the availability of its next-generation L-band Airborne Intelligence, Surveillance, and Reconnaissance Ultra-Lightweight (LAISR ULW) user terminal. The terminal, which is the latest addition to the company’s LAISR family of L-band terminals, delivers high availability, … Read the full press release
(IN BRIEF) Grupo Bimbo, the world’s largest baking company, has ordered seven electric trucks from Scania México, marking the first-ever Scania electric truck fleet in Latin America. The 2024-model 25P B4x2 rigid electric trucks will be driven on urban routes … Read the full press release
Posted in Automotive, Business, Industrial, Management, News, Sweden, Technology, Transportation & Logistics
Tagged Alejandro Mondragón, electric truck, Grupo Bimbo, Latin America, Mexico, Scania
(IN BRIEF) Swiss Re Reinsurance and Des Moines-based insurtech Benekiva have formed a strategic partnership to create an Integrated Claims Management Platform that combines Benekiva’s claims administration system with Swiss Re’s Claims Automated Rules Engine. The end-to-end platform supports digital … Read the full press release
Posted in Business, Financial, Insurance, Investment, Management, News, Switzerland
Tagged Benekiva, Brent Williams, Carl Christensen, Claims Management Solution, partnership, Swiss Re
(IN BRIEF) Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering (KSOE) have received Approval in Principle (AiP) from Lloyd’s Register (LR) for their ammonia Floating Storage Re-Gasification Unit (FSRU) in Korea. The ammonia-FSRU can store liquefied ammonia transported … Read the full press release
(IN BRIEF) Continental, a technology company, is launching a roadshow in May 2023 that will travel to 35 different countries in Europe, showcasing its comprehensive tire management approach. The roadshow, titled “Your Business, Our Solutions,” will feature Continental’s latest sustainable … Read the full press release
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