Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Atos’ Eviden business line leading the way with post-quantum cryptography revolution

(IN BRIEF) Eviden, an Atos business, has announced that its digital identity management products will be made “post-quantum ready” by the end of the year. The move comes in preparation for the power of quantum computers to break classical cryptography … Read the full press release

Paraguay to expand hydro complex with AFRY-led consortium’s rehabilitation of Acaray plant

(IN BRIEF) AFRY, in consortium with Latinoconsult S.A., has been awarded the planning and supervision of the rehabilitation and modernisation of the 200 MW Acaray hydropower plant by Paraguay’s state-owned power utility, ANDE. The project is part of ANDE’s 2021-2040 … Read the full press release

GfK and Minderest provide comprehensive overview of current prices in the market

(IN BRIEF) GfK and Minderest have collaborated to provide better, data-driven pricing in e-commerce. The partnership enables decision-makers in both retail and manufacturing to have a comprehensive overview of current market prices and recommendations for actionable price adjustments through GfK’s … Read the full press release

Volocopter opens production facilities for EASA-certified electric air taxis in Germany

(IN BRIEF) Volocopter has opened production facilities in Bruchsal, Germany, and marked the occasion with the opening of a new hangar that will host the company’s final assembly line. The hangar also includes an airfield for development flight tests and … Read the full press release

Eviden partners with CryptoNext Security to develop next-generation cryptography

(IN BRIEF) Eviden, an Atos business, has announced that its Trustway Proteccio HSM will soon support post-quantum algorithms in collaboration with CryptoNext Security. The development enables customers to prepare for a migration towards hybrid encryption solutions, which is a major … Read the full press release

MAN tests eTruck’s driving functions, range, and charging behavior under extreme winter conditions

(IN BRIEF) MAN has successfully tested its new e-truck during winter tests in northern Sweden from December to March. The eTruck, which is suitable for daily ranges of between 600 and 800 kilometres, was tested under extreme winter conditions to … Read the full press release

Capgemini selected to lead €8m Next Generation IoT project for the European Commission

(IN BRIEF) Capgemini has been chosen to lead the IoT-NGIN project, which is part of the European Commission’s NGI initiative, aimed at modernizing the Internet for the future. The project, with a budget of €8 million and lasting until September … Read the full press release

Hydro’s Mexican aluminium plant certified by the Aluminium Stewardship Initiative

(IN BRIEF) Hydro Precision Tubing Reynosa in Mexico has become Hydro’s first aluminium extrusion plant in North America to be certified according to the Aluminium Stewardship Initiative (ASI) Performance Standard. ASI aims to incorporate sustainability and human rights principles in … Read the full press release

Rheinmetall’s Materials and Trade division continues its transformation to environmentally-friendly mobility

(IN BRIEF) Rheinmetall’s Materials and Trade division has secured three new orders from electric vehicle manufacturers for the production of structural parts. The orders are each worth a double-digit million-euro figure and are expected to be produced starting from 2024. … Read the full press release

DNV and industry partners collaborate on wind farm control technology for increased energy output

(IN BRIEF) DNV, the independent energy expert and assurance provider, has launched a joint industry project (JIP) alongside wind farm owners, turbine manufacturers, and other sector experts to increase confidence in innovative wind farm control (WFC) technology. The project covers … Read the full press release

Crédit Agricole Consumer Finance acquires FCA Bank and renames it Crédit Agricole Auto Bank

(IN BRIEF) Crédit Agricole Consumer Finance has renamed its newly-acquired FCA Bank as Crédit Agricole Auto Bank. The acquisition comes as a powerful lever for the bank to support its clients in environmental and energy transitions in the automotive industry. … Read the full press release

GTT wins contracts to design tanks for three LNG carriers

(IN BRIEF) French engineering company GTT has secured two orders for three new Liquefied Natural Gas Carriers (LNGCs) from the Korean shipyard Daewoo Shipbuilding & Marine Engineering. The deal involves GTT designing the tanks of the vessels, which will each … Read the full press release

ANDRITZ delivers circular textile-to-nonwoven recycling line to Novafiber in Guatemala

(IN BRIEF) ANDRITZ has completed the installation of a mechanical textile recycling line and an airlay line at Novafiber’s nonwovens production mill in Palín, Guatemala. The recycling line processes post-industrial textile waste from Central America, which is then used by … Read the full press release

Anglo American partners with H2 Green Steel for low-carbon steel production trials

(IN BRIEF) Anglo American has signed a memorandum of understanding with H2 Green Steel to collaborate on the advancement of low carbon steelmaking processes. Under the agreement, the two companies will study and trial the use of premium quality iron … Read the full press release

Aegon to Focus on Core Activities, Sells UK Protection Book to Royal London

(IN BRIEF) Aegon UK has sold its individual protection book to Royal London as part of its strategy to focus on core Retail and Workplace platform activities in the UK. The portfolio of life, critical illness, and income protection policies … Read the full press release

Orange Cyberdefense Launches New Recruitment Drive to Meet Growing Demand for Cybersecurity Services

(IN BRIEF) Orange Cyberdefense, a European leader in cybersecurity services, has launched a recruitment campaign to hire around 800 professionals across 9 European countries where it operates until the end of 2023. The roles are available across the entire organization, … Read the full press release

Leadership Changes at BASF: Dratt Takes Over Global Business Services, Ehrhardt to Lead North America

(IN BRIEF) BASF has announced personnel changes, with Tobias Dratt, President of North America for BASF Corporation, taking on the role of the Division Global Business Services. The position will be effective from May 1, 2023. Marc Ehrhardt, the current … Read the full press release

Deutsche Telekom introduces “Campus Network M with Industrial Frequencies” for business customers

(IN BRIEF) Deutsche Telekom has launched a new product, “Campus Network M with Industrial Frequencies”, which allows businesses to have their own private 5G network, with the benefits of dedicated bandwidth, guaranteed availability, and full 5G performance without investing in … Read the full press release

Societe Generale doubles start-up participants in sustainability-focused incubator programme

(IN BRIEF) Societe Generale’s Global Markets Incubator has welcomed 11 sustainability-focused start-ups to its program, selected from over 140 applicants addressing the finance industry’s ESG concerns, including carbon emissions quantification, impact tracking and measurement, and biodiversity. Participants in the six-month … Read the full press release

Aviva insures £400m in pension liabilities for DB (UK) Pension Scheme

(IN BRIEF) Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the DB (UK) Pension Scheme, which will insure the defined benefit pension liabilities for almost 1,300 members, removing the investment and longevity risk … Read the full press release