(IN BRIEF) ING has provided an update on its share buyback program, stating that it repurchased 22,777,914 shares during the week of November 27, 2023, up to December 1, 2023. The average price per share was €12.78, totaling €291,049,616.02. This … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, Share Buyback Program
(IN BRIEF) Consumer spending in the UK saw a rebound in November, driven by early Christmas shopping and extended Black Friday sales, according to a Barclays report. Consumer card spending grew 2.9% year-on-year, although it was still lower than the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged Barclay, Black Friday Sales, Christmas shopping, Consumer Spending, Esme Harwood, Financial, Jack Meaning, retail, UK
(IN BRIEF) Groupe BPCE has received notification from the European Central Bank (ECB) regarding its 2024 prudential capital requirements following the Supervisory Review and Evaluation Process (SREP) conducted in 2023. The Common Equity Tier 1 (CET1) requirement for Groupe BPCE … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Industrial, Investment, Management, News
Tagged European Central Bank (ECB), Financial, Groupe BPCE, investment, Prudential Capital, Requirements
(IN BRIEF) The Financial Conduct Authority (FCA) in the UK has proposed measures to improve the quality of credit information provided by credit reference agencies (CRAs) and enhance competition in the market. The proposals include requiring FCA-regulated data contributors to … Read the full press release
(IN BRIEF) At the COP28 climate change conference, EIB Global, the development arm of the European Investment Bank (EIB), introduced its new approach to increase financing and advisory services in support of a just transition and just resilience worldwide. EIB … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Media, News
Tagged Ambroise Fayolle, Climate-Resilient, COP28, EIB, EIB Global, partnership, resilience, sustainability
(IN BRIEF) Societe Generale made a groundbreaking move by issuing its first digital green bond on the Ethereum blockchain, with AXA Investment Managers and Generali Investments as key investors. Valued at EUR 10 million with a 3-year maturity, this bond … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, France, Industrial, Investment, Management, News, Technology
Tagged Digital Green Bond, ESG Traceability, Ethereum blockchain, Financial, investment, SOCIÉTÉ GÉNÉRALE, sustainability, transparency
(IN BRIEF) ING Group has received notification from the European Central Bank regarding the 2023 Supervisory Review and Evaluation Process (SREP), which has resulted in a decision on ING’s prudential requirements, including capital requirements for the year 2024. As a … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING Group, investment, Prudential Capital, Requirements
(IN BRIEF) Siemens AG and Intel Corporation have signed a Memorandum of Understanding (MoU) to work together in enhancing digitalization and sustainability in the field of microelectronics manufacturing. The collaboration aims to advance manufacturing processes, improve factory operations, enhance cybersecurity, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and the European Investment Fund, has announced a partnership with Mission Innovation to promote clean energy innovation on a global scale. The collaboration aims to facilitate access … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, clean energy, EIB, EIF, Eleanor Webster, INNOVATION, Maroš Šefčovič, Mission Innovation, partnership, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the inclusion of climate resilient debt clauses (CRDC) in new loan agreements with sovereign, sovereign-guaranteed, and municipal clients from lower-middle-income countries where it operates. These CRDCs will allow … Read the full press release
(IN BRIEF) Starting from January 1, 2024, the United Kingdom will officially become an associated country to Horizon Europe, the European Union’s research and innovation program. This milestone was achieved as the EU-UK Specialized Committee on Participation in Union Programs … Read the full press release
(IN BRIEF) During the COP 28 summit in Dubai, the European Investment Bank (EIB) and the Development Bank of Rwanda (BRD) have formalized an agreement designed to promote sustainable development in Rwanda. The €20 million line of credit, accompanied by … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Development Bank of Rwanda, EIB, partnership, sustainability, sustainable development
(IN BRIEF) The European Investment Bank (EIB) has announced an additional EUR 100 million investment for the Aqaba Amman Desalination and Water Conveyance project in Jordan. This project aims to desalinate water from the Red Sea and transport it to … Read the full press release
Posted in Banks, Business, Construction, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Aqaba Amman Desalination and Water Conveyance Project, European Investment Bank, Gelsomina Vigliotti, H.E. Ayman Safadi, H.E. Zeina Toukan, JORDAN, Olivér Várhelyi, partnership, Pierre-Christophe Chatzisavas, sustainability, Zeina Toukan
(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Denmark, EIB, Europe, Kasper Kiim Jensen, partnership, renewable energy, sustainability, Thomas Östros, Ørsted
(IN BRIEF) The European Investment Bank (EIB), managing the EU for Ukraine Fund, held its initial Contributors’ Committee meeting and approved its first project financing of €25 million for Ukraine’s equity growth fund, Horizon Capital Growth Fund IV (HCGF IV), … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged EIB, EU for Ukraine Fund, HCGF IV, Horizon Capital, Lenna Koszarny, partnership, SMEs, sustainability, Teresa Czerwinska, UKRAINE, Ukrainian Tech
(IN BRIEF) Investor AB has announced the appointment of Christian Cederholm as its new President and CEO, effective from the Annual General Meeting on May 7, 2024. Cederholm, who currently serves as the Head of Patricia Industries and has been … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged appointment, CEO, Christian Cederholm, Investor AB, Jacob Wallenberg, Johan Forssell, leadership, President
(IN BRIEF) Barry Callebaut, a prominent chocolate manufacturer, has celebrated the one-year anniversary of its chocolate and compound factory in Casablanca, Morocco. The factory, established in partnership with Attelli SARL, has become a hub for manufacturing excellence and innovation in … Read the full press release
Posted in Business, Economy, Food & Beverage, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged Amine Mebrouki, Attelli SARL, Barry Callebaut, Casablanca, Chocolate Manufacturing, Maximilian Auer, MOROCCO, Sweet Success, Van Houten Professional (VHP)
(IN BRIEF) In a significant environmental initiative, the Philippines’ Department of Environment and Natural Resources has announced its participation in the World Economic Forum’s Blue Carbon Action Partnership during COP28. This partnership aims to accelerate the restoration and conservation of … Read the full press release
Posted in Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, Media, News, Switzerland
Tagged Alfredo Giron, Antonia Loyzaga, coastal ecosystems, COP28, DENR, Global Blue Carbon Conservation Drive, Indonesia, mangroves, partnership, PHILIPPINES, salt marshes, seagrasses, sustainability, World Economic Forum
(IN BRIEF) In a groundbreaking move at COP28, the Nordic Investment Bank (NIB) has introduced a robust climate strategy, pledging to chart a sustainable future. This forward-looking strategy commits NIB to concrete, science-based targets aligned with the Paris Agreement, with … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Investment, Management, Media, News
Tagged Climate Strategy, COP28, Luca de Lorenzo, Nordic Investment Bank (NIB), partnership, sustainability
(IN BRIEF) On November 30, 2023, KPN finalized its acquisition of Kabeltex, a company owning fiber networks and functioning as an internet service provider in Texel and the northern region of North Holland. Kabeltex boasts full fiber coverage on Texel … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology, Telecom
Tagged acquisition, fiber network, Kabeltex, KPN, North Holland, partnership, sustainability, Texel
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