(IN BRIEF) At COP29, the European Investment Bank (EIB) announced a €150 million investment to support Côte d’Ivoire’s forest preservation, rehabilitation, and expansion efforts. This funding aligns with President Alassane Ouattara’s Abidjan Legacy programme, which targets deforestation, land restoration, and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Africa, Ambroise Fayolle, Cote d’Ivoire, EIB, forest conservation, investment, partnership, President Alassane Ouattara, restoration, sustainability
(IN BRIEF) Jean-Jacques Henchoz, a member of Talanx AG’s Board of Management and head of the Reinsurance division, will step down on 31 March 2025 after choosing not to extend his contract. Clemens Jungsthöfel, the current Chief Financial Officer and … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News
Tagged appointment, Clemens Jungsthöfel, Head of Reinsurance, Herbert K. Haas, Jean-Jacques Henchoz, leadership, Talanx AG, Torsten Leue
(IN BRIEF) DWS Group has restructured its investment leadership by consolidating its Portfolio Management, Chief Investment Office, and Economic Research units under Vincenzo Vedda, who will also take on the role of Global Chief Investment Officer (CIO). This strategic shift … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News
Tagged appointment, Björn Jesch, DWS Group, Global CIO, investment, Johannes Mueller, leadership, Stefan Hoops, Vincenzo Vedda
(IN BRIEF) GFT Technologies has partnered with NVIDIA to introduce advanced AI solutions to the financial services and manufacturing industries. This collaboration will use NVIDIA’s AI software and computing tools along with GFT’s industry expertise to develop applications like digital … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged AI, BANKING, GFT, Ignasi Barri, Manufacturing, Marco Santos, NVIDIA, partnership, USA
(IN BRIEF) The European Investment Bank (EIB) has provided a PLN 900 million loan to ORLEN Group for upgrades to Energa’s power grid, marking the first part of a PLN 3.5 billion funding initiative aimed at improving Poland’s energy infrastructure. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Poland
Tagged EIB, Energa, energy security, Ireneusz Fąfara, Magdalena Bartoś, ORLEN, partnership, Poland, Renewable Energy Grid, sustainability, Teresa Czerwinska
(IN BRIEF) Morrisons has completed the acquisition of 36 convenience stores in Jersey, Guernsey, and Alderney from SandpiperCI. The company will rebrand most of the stores to the Morrisons format, investing over £7 million in the conversion and store improvements. … Read the full press release
Posted in Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, Marketing, News, Retail, United Kingdom
Tagged acquisition, Alderney, Channel Islands, Guernsey, investment, jersey, Joseph Sutton, Morrisons, partnership, Rami Baitiéh, Rebranding
(IN BRIEF) The Port of Rotterdam Authority has announced a new tariff structure for seaport and inland port dues, effective from 1 January 2025. The changes, which include a 6% increase in 2025 and subsequent smaller increases in the following … Read the full press release
(IN BRIEF) SIX Group has reached an agreement to acquire Aquis Exchange in a cash offer valued at 727 pence per share. The acquisition, which will enhance SIX’s European exchange capabilities, combines Aquis’s next-generation technology with SIX’s existing trading, data, … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, International Trade, Investment, Management, News, Small Business, Switzerland, United Kingdom
Tagged acquisition, Alasdair Haynes, Aquis Exchange, Bjørn Sibbern, European exchange, investment, partnership, SIX Group, SMEs, UK
(IN BRIEF) Deutsche Bank’s Private Bank has been named “Best Private Bank for Entrepreneurs” globally and “Best Private Bank in Germany” by Professional Wealth Management (PWM) and The Banker at the 2024 Global Private Banking Awards. These awards recognize the … Read the full press release
Posted in Awards, Banks, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Awards, Claudio de Sanctis, Deutsche Bank, entrepreneurs, Germany, Iñigo Martos, leadership, marketing, Private Bank, PWM Awards 2024, Raffael Gasser
(IN BRIEF) The European Investment Fund (EIF) and Lithuania’s national development institution, UAB ILTE, are investing €191.6 million to support private credit funds, providing alternative financing for Lithuanian businesses. With equal contributions of €95.8 million each, the partnership aims to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Lithuania, Luxembourg, Management, News, Small Business
Tagged Business Financing, Dainius Vilčinskas, EIF, investment, Lithuania, Marjut Falkstedt, partnership, Private Credit Funds, SMEs, sustainability, UAB ILTE
(IN BRIEF) The University of Twente will join a national protest in Utrecht on November 14 against proposed budget cuts in higher education. Many UT students and staff are set to participate, with free transportation arranged and strong support from … Read the full press release
Posted in Business, Economy, Education, Financial, Government, Industrial, Law, Management, Media, Netherlands, News
Tagged economy, Higher Education Budget Cuts, National Protest, University of Twente, Utrecht, Vinod Subramaniam
(IN BRIEF) The EIB has provided Oceanloop with a €35 million loan to support the expansion of its sustainable shrimp farming technology, allowing the company to grow operations in Germany and establish a large-scale farm in Gran Canaria. This investment … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged aquaculture, EIB, expansion, Fabian Riedel, Germany, investment, Land-Based Shrimp Farming, Nicola Beer, Oceanloop, partnership, Spain, sustainability
(IN BRIEF) SUSS has reported strong Q3 results, with sales of €102.5 million and a 16.9% EBIT margin, continuing a robust growth trend in 2024. The company is expanding production, including a new Taiwan facility, to meet high demand. SUSS … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Burkhardt Frick, Dr. Cornelia Ballwiesser, economy, Financial, investment, semiconductor, SUSS
(IN BRIEF) The European Investment Fund (EIF) and Invest-NL have invested in Dutch venture capital firm 4impact capital’s second fund, which closed at €68 million. This fund will support around 25 early-stage digital companies across north-western Europe focused on societal … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Netherlands, News, Technology
Tagged 4impact capital, EIF, Europe, Invest-NL, Jellie Banga, Marjut Falkstedt, Netherlands, partnership, Pauline Wink, sustainability, Tech Startups
(IN BRIEF) The EIB’s Finance in Africa 2024 report shows a nearly threefold increase in African fintech companies since 2020, significantly improving financial access across the continent. However, challenges like limited credit and high financing costs still impede economic growth. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, climate challenges, Debora Revoltella, EIB, Financial, partnership, sustainability, Thomas Östros
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged an additional €3 billion to expand its Green Cities programme, supporting sustainable urban development across 50+ cities. The programme introduces enhanced Green City Action Plans (GCAPs), with updated … Read the full press release
(IN BRIEF) The EBRD, with EU support, has launched the SME Go Green programme to finance green economy investments for small and medium-sized enterprises (SMEs) in Serbia and the Western Balkans. Starting with €120 million in funding, with plans to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Serbia, Small Business, Technology, United Kingdom
Tagged EBRD, EU, investments, Matteo Colangeli, Nicola Bertolini, partnership, SERBIA, SME Go Green Programme, sustainability
(IN BRIEF) The European Investment Bank (EIB) has committed €10.3 billion to support various European sectors, including agriculture, energy, water, education, and innovation. This funding includes €900 million for immediate reconstruction in flood-affected areas and a landmark €3 billion initiative … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged agriculture, Climate-Resilient, EIB, ENERGY, Europe, infrastructure, Nadia Calviño, partnership, sustainability
(IN BRIEF) Standard Chartered and Ant International have completed SGD-denominated liquidity transfers using Ant’s blockchain-powered Whale platform, advancing real-time, 24/7 treasury management. The platform uses blockchain and AI to enhance fund transfer efficiency, transparency, and security for Ant’s global treasury … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged 24/7 Liquidity Transfers, AI, Ant International, Blockchain-Powered Whale Platform, Kelvin Li, Mahesh Kini, partnership, Singapore, Standard Chartered
(IN BRIEF) Crédit Agricole Immobilier has completed its acquisition of Nexity Property Management, a subsidiary specializing in commercial and residential asset management, solidifying its position as the leading institutional property management player in France. This acquisition enhances Crédit Agricole Immobilier’s … Read the full press release
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