Category Archives: Business

Business Press Releases & News distributed via EuropaWire

T-Systems Data Center in Biere Receives European Code of Conduct Award for Energy Efficiency

(IN BRIEF) The European Commission has honored the T-Systems data center in Biere, near Magdeburg, with the European Code of Conduct Award. Among 120 companies considered, the award recognizes data centers that have significantly reduced their energy consumption. The assessment … Read the full press release

T-Mobile US Announces $19 Billion Shareholder Return Program and Dividend Increase Plans

(IN BRIEF) T-Mobile US has announced a second phase of its shareholder return program, allocating up to $19 billion for the period from Q4 2023 to the end of 2024. This program includes quarterly dividends totaling approximately $3.75 billion, beginning … Read the full press release

BAE Systems’ Next-Gen Vehicle Management Computer Boosts F-35 Aircraft Mission Capabilities

(IN BRIEF) BAE Systems has successfully flight tested its next-generation Vehicle Management Computer (VMC) on the F-35 Lightning II aircraft. This technology upgrade will enhance computer performance and address obsolescence issues across all three F-35 variants. The VMC’s advanced control … Read the full press release

Homes England Seeks Development Partner for DeHavilland Park: A Promising Solution to Hertfordshire’s Housing Needs

(IN BRIEF) Homes England, the government’s housebuilding accelerator, is seeking a preferred development partner for a 135-acre site at the former Panshanger Aerodrome in Hertfordshire, now known as DeHavilland Park. The site has been granted permission for 860 residential properties, … Read the full press release

Neste Appoints Members to Shareholders’ Nomination Board for Key Governance Decisions

(IN BRIEF) Neste has appointed members to its Shareholders’ Nomination Board, including representatives from key stakeholders. The Nomination Board plays a crucial role in proposing potential Board members and determining Board remuneration and size for the Annual General Meeting. The … Read the full press release

Lyon’s Holcim Innovation Hub: A Catalyst for Green Building Innovations

(IN BRIEF) Holcim has inaugurated its Innovation Hub in Lyon, France, designed to showcase sustainable building solutions and foster collaboration in the pursuit of low-carbon, circular, and energy-efficient construction methods. The multi-story Hub accommodates start-ups, think tanks, and experts, serving … Read the full press release

Leading Real Estate Firm EQT Exeter Expands European Presence with New Partner

(IN BRIEF) EQT Exeter has appointed Tom Livelli as a Partner, based in Madrid, to lead the expansion of its European multi-family platform. Tom brings significant experience from his previous role as Senior Managing Director at Greystar, where he oversaw … Read the full press release

ABS Production in Tianjin: INEOS and SINOPEC’s New Joint Venture Takes Shape

(IN BRIEF) INEOS and SINOPEC have signed a shareholder agreement to establish a 50:50 joint venture for the construction of a new ABS (Acrylonitrile Butadiene Styrene) plant in Tianjin, China. The plant, utilizing INEOS’ Terluran® ABS technology, will have a … Read the full press release

bp Secures Long-Term LNG Offtake Contract with Woodfibre LNG for Sustainable Energy Transition

(IN BRIEF) bp has secured its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility in British Columbia, Canada. This contract adds 0.45 million tonnes of LNG per year on a free-on-board (FOB) basis for 15 … Read the full press release

Santander CIB Invests in EIT InnoEnergy to Propel Sustainable Energy Innovations

(IN BRIEF) Santander Corporate & Investment Banking (Santander CIB) has acquired a stake in EIT InnoEnergy, a sustainable energy pioneer, as part of a EUR 140 million investment round alongside other strategic partners. This investment aligns with Santander’s strategy to … Read the full press release

SGS Collaborates with EcoSeaStems to Launch ReefTox Test for Assessing Cosmetics’ Impact on Coral Reefs

(IN BRIEF) SGS has partnered with EcoSeaStems to introduce ReefTox, an ecotoxicology test for evaluating the impact of cosmetics products on corals. Developed by biologist Vincent Bourgeteau, ReefTox assesses the toxicity of cosmetics products on 50 coral species found in … Read the full press release

Vincent Jamin Appointed Administrative Director of Eurojust, EU’s Criminal Justice Cooperation Agency

(IN BRIEF) The College of Eurojust has appointed Vincent Jamin as the new Administrative Director of the agency. Jamin, a French prosecutor with 25 years of experience in criminal justice, has held various positions at Eurojust since 2010, including heading … Read the full press release

EBRD and EU Collaborate to Boost Armenian MSMEs Through Acba Bank Funding

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to enhance access to finance for Armenian micro, small, and medium-sized enterprises (MSMEs) through Acba Bank. The EBRD is providing a loan equivalent … Read the full press release

Public Development Banks Unite for Blue Finance Roadmap to Promote Ocean Protection and Sustainable Use

(IN BRIEF) During the Finance in Common Summit in Cartagena, public development banks, including the AFD, ADB, CAF, CDP, EBRD, EIB, IDB, KfW Development Bank, and BOAD, have committed to collaborating on a Blue Finance Roadmap to address ocean protection … Read the full press release

EIB Delegation Engages in 32nd Economic Forum, Discussing Investments and Sustainability in Central and Eastern Europe

(IN BRIEF) The European Investment Bank (EIB) delegation led by Grzegorz Rabsztyn is participating in the 32nd Economic Forum in Karpacz, Poland. The forum’s theme is “New Values for the Old Continent – Europe on the Threshold of Change.” Discussions … Read the full press release

EIB’s Working Paper Discusses Climate Risks in Latin America and the Caribbean, Banking Sector’s Green Transition Challenges

(IN BRIEF) The European Investment Bank (EIB) has presented a working paper titled “Climate Risks in Latin America and the Caribbean: Are banks ready for the green transition?” at the 2023 Finance in Common Summit in Colombia. The paper highlights … Read the full press release

European Investment Bank Successfully Prices EUR 3 Billion EARN Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has priced a new EUR 3 billion 5-year benchmark bond, known as EARN, with a maturity date of November 15, 2028. The bond carries an annual coupon of 3.000% and an issue price … Read the full press release

Boskalis Secures Major Contracts for Cable Transportation and Installation for Poland’s Baltica 2 Offshore Wind Farm

(IN BRIEF) Boskalis has secured two significant contracts for the transportation and installation of export and array cables for the Baltica 2 offshore wind farm located off the coast of Poland. The contracts were awarded by a joint venture between … Read the full press release

Scania Inaugurates Battery Assembly Plant for Serial Production of Premium Electric Vehicles

(IN BRIEF) Scania has celebrated the inauguration of its battery assembly plant at its headquarters in Södertälje, Sweden, marking a significant milestone for the company. This plant’s operations will facilitate the serial production of premium heavy-duty electric vehicles. The battery … Read the full press release

Loughborough University’s ‘Sleep in the City’ Project Explores Effects of Urban Heat on Sleep Quality

(IN BRIEF) A research team at Loughborough University is investigating the effects of extreme weather, particularly the ‘urban heat island’ phenomenon, on sleep quality and well-being through the Sleep in the City project. The research focuses on the impact of … Read the full press release