Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Lloyds Tracker Shows Real Estate Rebound Drives Modest UK Sector Growth in March

(IN BRIEF) UK economic activity remained steady in March with four out of fourteen sectors reporting output growth, the same as February, according to Lloyds Bank’s UK Sector Tracker. Real estate services saw their first expansion of 2024, spurred by … Read the full press release

Outokumpu Executes Convertible Bond Conversion and Offsets With Treasury Share Cancellation

(IN BRIEF) Outokumpu is converting EUR 2.5 million of its outstanding convertible bond into 941,832 new shares and simultaneously canceling an equal number of treasury shares to keep its total share count unchanged. Following the transaction, the company will retain … Read the full press release

ANDRITZ to Deliver State-of-the-Art Feed Mill for Alwadi Poultry Farms in Saudi Arabia

(IN BRIEF) ANDRITZ has been awarded a contract by Alwadi Poultry Farms Company to deliver a complete high-capacity feed mill in Riyadh Province, Saudi Arabia. Scheduled to open in 2026, the plant will produce 90 TPH of poultry and ruminant … Read the full press release

Boehringer Ingelheim and Cue Biopharma Forge Strategic Partnership to Advance Targeted Autoimmune Therapy

(IN BRIEF) Boehringer Ingelheim has entered into a multi-year collaboration with Cue Biopharma to develop and commercialize CUE-501, a first-in-class bispecific compound designed to selectively deplete harmful B cells in autoimmune diseases. The innovative therapy uses Cue’s Immuno-STAT™ platform to … Read the full press release

University of Glasgow Joins Global Call to Rethink Architecture That Neglects Human Emotion

(IN BRIEF) The University of Glasgow joined forces with global leaders in neuroscience, arts, urban planning, and public health at the first Humanise Summit in London to declare that uninspired architecture is detrimental to human wellbeing. Led by Professor Rebecca … Read the full press release

STMicroelectronics Showcases Next-Gen Automotive and AI Solutions at electronica China 2025

(IN BRIEF) STMicroelectronics is showcasing over 50 advanced demos at electronica China 2025, highlighting its pioneering work in Automotive, Industrial, and Enabling Technologies. The exhibits include the newly launched Teseo VI GNSS chip with quad-band anti-jamming and centimeter-level accuracy, cutting-edge … Read the full press release

BASF Launches High-Speed Digital Color Matching Tools for Refinish Industry

(IN BRIEF) BASF Coatings has expanded its Refinity cloud platform with the introduction of ImagePLUS and the next-generation ScanR spectrophotometer, delivering faster, more precise digital color matching for the automotive refinish industry. ScanR offers five accurate measurements in 30 seconds … Read the full press release

BASF’s Cellasto® to Open Second Shanghai Plant as EV Market Demand Surges

(IN BRIEF) Cellasto®, a global leader in NVH components and part of BASF, is investing around €60 million to build a second manufacturing plant in Shanghai, set to open in 2027. The facility will increase local production capacity by nearly … Read the full press release

Deutsche Telekom and Qunnect Sustain High-Fidelity Entanglement Over 30 km Fiber for 17 Days

(IN BRIEF) Researchers at Deutsche Telekom Innovation Laboratories and Qunnect have achieved a major quantum networking milestone by maintaining 99% fidelity in entangled photon transmission over 30 km of commercial fiber for 17 days. A separate test also showed successful … Read the full press release

FCA Establishes First Overseas Offices to Support Global Growth of UK Financial Services

(IN BRIEF) The Financial Conduct Authority (FCA) is establishing offices in the US and Asia-Pacific for the first time under its 2025–2030 strategy. Tash Miah has begun her new role in Washington, DC, while Camille Blackburn will open a regional … Read the full press release

EBRD Loan Supports UzCarlsberg in Enhancing Production and Food Safety in Uzbekistan

(IN BRIEF) The EBRD is providing UzCarlsberg with a US$ 6 million working capital loan to support the acquisition of ingredients and packaging materials, enhancing operational efficiency and food safety in Uzbekistan. The loan will help the company manage seasonal … Read the full press release

EIF Joins AVP Growth Fund I to Power Europe’s Late-Stage Tech Ecosystem

(IN BRIEF) The European Investment Fund (EIF) has joined AVP Growth Fund I as an anchor investor under the European Tech Champions Initiative (ETCI), which aims to boost funding for late-stage European tech companies. This investment supports AVP’s mission to … Read the full press release

SGS and UAE Ministry of Economy Unite to Elevate Consumer Safety Standards

(IN BRIEF) SGS has signed a Memorandum of Understanding with the UAE Ministry of Economy to jointly improve the safety and quality compliance of food and consumer products across the Emirates. The agreement will see both parties launch educational campaigns, … Read the full press release

SGS Recognized by Isometric to Validate and Verify Carbon Removal Projects

(IN BRIEF) SGS has been approved as a Validation and Verification Body for Isometric, the leading carbon removal registry. This designation enables SGS to validate and verify carbon removal projects under the stringent Isometric Standard, reinforcing its role in ensuring … Read the full press release

Henkel Introduces DM80 Static Mix to Automate Critical Adhesive Applications in Aerospace

(IN BRIEF) Henkel has unveiled the Sonderhoff DM80 Static Mix, a precision dosing machine developed to automate the mixing and dispensing of structural adhesives in aircraft manufacturing. Designed for highly viscous, abrasive Loctite 2K Aero materials, the DM80 enables accurate … Read the full press release

Terna to Enhance Power Grid in Syracuse and Catania with €20M Underground Cable Project

(IN BRIEF) Terna has initiated public consultation on a €20 million project to install a 150 kV underground cable between Augusta and Augusta 2 in Sicily, aiming to improve grid reliability and efficiency. The new infrastructure will replace 52 km … Read the full press release

ABL to Oversee Marine Warranty for Scotland’s 1.1 GW Inch Cape Offshore Wind Project

(IN BRIEF) ABL has been appointed as marine warranty surveyor for the Inch Cape Offshore Wind Farm, a 1.1 GW offshore wind project off the coast of Scotland. The consultancy will manage marine assurance for the transport and installation of … Read the full press release

NORMA Group Secures Four-Year Contract to Supply Electrofusion Fittings for UK Gas Network Overhaul

(IN BRIEF) NORMA Group, through its Indian subsidiary Kimplas, has signed a four-year contract with Northern Gas Networks to supply over 280,000 electrofusion fittings annually for the modernization of the gas distribution network in northern England. These fittings, essential for … Read the full press release

Fourteen Innovative Projects Awarded Over €4.1 Million to Advance Digital Competence in Dutch Research

(IN BRIEF) The Dutch Research Council (NWO) has granted over €4.1 million to fourteen research projects under the 2023 Thematic Digital Competence Centers (TDCC) call. These projects support digital transformation in Life Sciences & Health, Natural and Engineering Sciences, and … Read the full press release

Empa Develops 3D-Printed Fish Gelatin Hydrogel to Engineer Living Skin Models

(IN BRIEF) Empa researchers have developed a printable, non-swelling hydrogel made from cold-water fish gelatin, enabling the creation of 3D living skin models. Designed to replicate the full complexity of human skin, including its layered architecture and cellular composition, the … Read the full press release