(IN BRIEF) Kuehne+Nagel, a logistics company, has opened two new fulfilment centers in Chengdu, West China, for Elanco, a leading animal healthcare company. The new facilities include a manufacturing warehouse and a distribution center for finished products, both of which … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Investment, Luxembourg, Small Business, Technology
Tagged climate change, digitalisation, EIF, energy transformation, Finland, Finnvera, Finnvera plc, green transition, innovation loan, InvestEU programme, SMEs, The European Investment Fund
(IN BRIEF) Plenitude, the retail energy business of Eni, and Kraken, the tech platform of Octopus Energy Group, have entered into a strategic partnership to help Plenitude expand its presence in international retail energy markets. Plenitude will adopt the Kraken … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy, Retail, Technology, United Kingdom
Tagged CRM, ENERGY, Eni, Greg Jackson, Kraken, Kraken Technologies, Mauro Fanfoni, Octopus Energy Group, Plenitude, retail energy
(IN BRIEF) Versalis, the chemicals company owned by Eni, has achieved a “Platinum” rating from independent agency EcoVadis for the second year in a row, placing it in the top 1% for its industry in terms of corporate social responsibility. … Read the full press release
(IN BRIEF) UBS Group AG has announced its new operating model and leadership team after the planned acquisition of Credit Suisse AG. The legal close of the acquisition is expected to occur soon, after which Credit Suisse Group AG will … Read the full press release
Posted in Banks, Business, Financial, Management, Switzerland
Tagged acquisition, appointments, Barbara Levi, Beatriz Martin Jimenez, Christian Bluhm, Credit Suisse AG, Edmund Koh, Iqbal Khan, leadership, Markus Ronner, Michelle Bereaux, Mike Dargan, Naureen Hassan, Rob Karofsky, Sabine Keller-Busse, Sarah Youngwood, Sergio P. Ermotti, Stefan Seiler, Suni Harford, Todd Tuckner, UBS AG, UBS Group AG, Ulrich Körner
(IN BRIEF) Stephen Roy has been appointed as the new President of Mack Trucks and a new member of Volvo Group’s Executive Board. He will replace Martin Weissburg, who is retiring from the company. Roy has been associated with Volvo … Read the full press release
(IN BRIEF) Hiab, a subsidiary of Cargotec, has signed a license manufacturing agreement with Dalian Shidao Industry to expand sales and service coverage of MULTILIFT hooklifts in mainland China. Dalian Shidao Industry will manufacture, sell, and service Hiab’s MULTILIFT hooklifts … Read the full press release
(IN BRIEF) The news story is about DHL Freight launching a new, sustainable intermodal rail freight service between Germany and Denmark. The service will depart from Duisburg in Germany and Padborg in Denmark, with three weekly departures each way. The … Read the full press release
(IN BRIEF) The United States and the European Union have agreed to a five-year truce in their long-standing dispute over subsidies provided to Boeing and Airbus. The dispute, which began in 2004, has seen the two sides impose tariffs on … Read the full press release
(IN BRIEF) Enel, the Italian multinational energy company, has launched a new digital platform named “Beyond Reporting 2022” to promote sustainable development, a green energy system, and decarbonization of its power generation. The digital platform is an integrated reporting system … Read the full press release
(IN BRIEF) Volkswagen Group’s volume brands, Volkswagen, Škoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles, have published a quarterly report for the first time, showing their positive performance in the first quarter of 2023. The report reflects a doubling of operating profit … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Management
Tagged CUPRA, full-electric vehicles, Operating profit, SEAT, ŠKODA, Thomas Schäfer, Volkswagen, Volkswagen Commercial Vehicles, Volkswagen Group
(IN BRIEF) Rheinmetall has secured a €125 million order from the Royal Australian Navy and the Commonwealth of Australia for the Multi Ammunition Softkill System (MASS), which will initially be used to equip Hobart-class destroyers and ANZAC-class frigates. The first … Read the full press release
Posted in Automotive, Business, Defence, Germany, Government, Industrial, Management, News, Security & Safety
Tagged Martin Fegg, MASS, Nathan Poyner, Rheinmetall, Royal Australian Navy, ship protection
(IN BRIEF) ERG, via its subsidiary ERG Spain HoldCo SLU, has signed an agreement to acquire a 100% stake in Garnacha Solar SL from IBV Solar Parks, BV, a company of the German group ib vogt GmbH. The solar power … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Italy, Management, News
Tagged acquisition, ERG, IBV Solar Parks, Paolo Merli, solar power plant, Spain
(IN BRIEF) Dr. Andreas Mattner, the Managing Director of ECE Development & Consulting, will be leaving ECE on May 31, 2023, as planned, due to reasons of age. He played a significant role in building ECE’s division for the development … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Real Estate
Tagged Alexander Otto, Andreas Mattner, ECE, Managing Director
(IN BRIEF) EnBW, a German energy company, has reported a significant increase in its first-quarter operating result, with a Group adjusted EBITDA of €2.8 billion, compared to €1.2 billion generated in the same period last year. The earnings growth was … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Infrastructure & Utilities, Management, News
Tagged EnBW, finacial, Financial, infrastructure
(IN BRIEF) EnBW, a German energy company, has opened a new fast-charging station with a solar canopy near the A7 autobahn. With 32 high-power charging (HPC) points, it is one of the largest fast-charging stations in Germany, and EnBW’s second-largest. … Read the full press release
(IN BRIEF) Thales has partnered with Nozomi Networks to install network sensors at sites worldwide, providing dedicated and non-intrusive network supervision to enhance industrial cybersecurity and improve incident detection and response. The partnership expands Thales’s expertise in network monitoring and … Read the full press release
Posted in Business, France, Industrial, Infrastructure & Utilities, Management, News, Security & Safety, Technology
Tagged Industrial Cybersecurity, Nozomi Networks, partnership, Thales
(IN BRIEF) Czech carmaker Škoda Auto has provided a fleet of 45 vehicles to the organisers of the 2023 IIHF Ice Hockey World Championship, as it has done since 1993. The vehicles, the majority of which are all-electric or plug-in … Read the full press release
Posted in Automotive, Business, Czech Republic, Financial, Industrial, Management, Media, News, Sports, Technology
Tagged electric vehicles, hybrid vehicles, IIHF Ice Hockey World Championship, Martin Jahn, ŠKODA AUTO
(IN BRIEF) French aircraft manufacturer Dassault Aviation marks the 60th anniversary of its first business jet, the Mystère 20, which was later rebranded as the Falcon 20. The plane’s success in the US market attracted buyers among entrepreneurs, government agencies, … Read the full press release
Posted in Aviation & Aerospace, Business, France, Industrial, Management, News, Technology
Tagged Business Aviation, Dassault Aviation, Eric Trappier, Falcon 20, INNOVATION, Marcel Dassault, Mystère 20
(IN BRIEF) Sandoz to commercialize six products exclusively in the US following distribution and collaboration agreement with Adalvo. The products are aimed at treating disorders that affect millions of people in the US each year, including antifungal/antibiotic, oncology, and pulmonary. … Read the full press release
Posted in Business, Healthcare, Management, News, Pharma & Biotech, Switzerland
Tagged Adalvo, Richard Saynor, Sandoz, treatments, US
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