(IN BRIEF) Alfa Laval has been invited to participate in the Circular Initiative for the third time, a collaborative platform aimed at advancing the transition toward a circular economy. The gathering brings together leaders from various sectors committed to promoting … Read the full press release
(IN BRIEF) Bertelsmann, the multinational media conglomerate, has announced a 1.9 percent increase in group revenues, reaching €14.6 billion, with organic growth at 0.8 percent. This growth is attributed to successful contributions from various divisions, including Penguin Random House, BMG, … Read the full press release
Posted in Business, Economy, Entertainment, Environment, Financial, Germany, Industrial, Investment, Management, Media, News
Tagged Bertelsmann, Financial, investment, Investment Plans, Rolf Hellermann, Thomas Rabe
(IN BRIEF) Holcim has revealed an ambitious decarbonization roadmap for Europe, as part of its strategy to achieve profitable growth while reducing its carbon footprint. At an investor day event in Switzerland, the company outlined its targets, including surpassing CHF … Read the full press release
Posted in Business, Construction, Economy, Environment, Financial, Industrial, Investment, Management, News, Switzerland
Tagged European Decarbonization Roadmap, holcim, Miljan Gutovic, partnership, sustainability
(IN BRIEF) The President of the European Commission, Ursula von der Leyen, welcomed King Abdullah II of Jordan to Brussels and discussed recent regional developments. During the visit, the EU announced a substantial support package for Jordan worth €902 million, … Read the full press release
Posted in Banks, Business, Economy, Education, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged economic development, Education, EIB, EU, Gelsomina Vigliotti, JORDAN, King Abdullah II, Olivér Várhelyi, partnership, sustainability, Ursula von der Leyen, water infrastructure
(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Turkey
Tagged Advisory Assistance, EIB, European Commission, partnership, sustainability, Turkey, Western Balkans
(IN BRIEF) ING has announced that it repurchased 3,881,120 shares on November 3, 2023, marking the end of the first week of its €2.5 billion share buyback program, which was unveiled on November 2, 2023. These shares were acquired at … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged buyback program, Financial, ING, investment, shares
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Americas, economy, European market, Financial, Heikki Malinen, investment, Outokumpu, partnership, Pia Aaltonen-Forsell, sustainability
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and CRONIMET, a global leader in recycled stainless steel, are expanding their collaboration to enhance the sourcing and supply of high-quality scrap in Northeastern Europe. Outokumpu has agreed to acquire … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged CO2 emissions, CRONIMET, economy, Jürgen Pilarsky, Marc-Simon Schaar, Outokumpu, partnership, Stainless Steel, sustainability
(IN BRIEF) Outokumpu, a global leader in advanced materials, has unveiled plans for restructuring measures in Germany as part of its strategy to enhance competitiveness and maintain a strong position in the global market for advanced materials. The company aims … Read the full press release
Posted in Business, Construction, Economy, Environment, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged advanced materials, Dillenburg, Germany, leadership, Outokumpu, partnership, sustainability, Thomas Anstots
(IN BRIEF) The University of Exeter has inaugurated the Creative Quadrant (CQ), a new space within the University of Exeter Business School designed to inspire budding entrepreneurs and cultivate contemporary business skills among students. The CQ encourages students to engage … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have entered into an agreement for a €100 million loan to facilitate the green transition of the public sector and publicly owned companies in Italy. This initiative marks the first … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Transportation & Logistics
Tagged EIB, Gelsomina Vigliotti, green transition, Intesa Sanpaolo, Italy, Nicola Doninelli, partnership, public sector, sustainability
(IN BRIEF) Despite the ongoing conflict in Ukraine and geopolitical uncertainties, numerous companies from both Ukraine and around the world have demonstrated remarkable support by offering financial, material, and essential resources to aid the Ukrainian government and its people. This … Read the full press release
Posted in Albania, Banks, Business, Economy, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Politics, Small Business, Sweden, Transportation & Logistics, United Kingdom
Tagged Albania, ambulances, Arjeta Puca, businesses, Corporate Heroes, EBRD, emergency vehicles, Geopolitical Turmoil, humanitarian, Nataliya Horbachevskiy, partnership, Sida, Stanislav Horbachevskiy, support, sustainability, task force, TIMAK, UKRAINE
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release
Posted in Banks, Business, Construction, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Small Business, Turkey, United Kingdom
Tagged Dariga Haynes, disaster, Earthquake Recovery, EBRD, Gamze Yalçın, Işbank, leadership, partnership, SMEs, sustainability, Türkiye, WOMEN
(IN BRIEF) The European Investment Bank (EIB) has signed an agreement with Intesa Sanpaolo to provide a €100 million loan aimed at supporting the green transition of the public sector and publicly owned companies in Italy. This partnership marks the … Read the full press release
Posted in Banks, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged EIB, Gelsomina Vigliotti, green transition, Intesa Sanpaolo, Italy, Nicola Doninelli, partnership, sustainability
(IN BRIEF) Crédit Agricole Consumer Finance has announced the appointment of Franck Oniga as the Chief Executive Officer of Sofinco and a member of the Group Executive Committee, effective from January 8, 2024. Oniga will report to Stéphane Priami, CEO … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged appointment, CEO of Sofinco, Consumer Finance, Credit Agricole, Franck Oniga, leadership, Stéphane Priami
AS A REGULATED E-MONEY ISSUER, JIFITI IS NOW ABLE TO FURTHER SERVE ITS BANK, LENDER AND MERCHANT CUSTOMERS IN EUROPE, AS WELL AS END-USERS, WITH AN EVEN MORE ROBUST SET OF PAYMENT SOLUTIONS. (IN BRIEF) Jifiti, a leading white-labeled embedded … Read the full press release
Posted in Banks, Business, Economy, Financial, Sweden, Technology
Tagged banks, Electronic Money Institution, embedded lending, EMI, EMI license, fintech, ISO 27001, Jifiti, lenders, license, merchants, PCI/DSS, SOC 2, Yaacov Martin
(IN BRIEF) The Lenzing Group, a global supplier of specialty fibers for textiles and nonwovens, has reported its Q3 2023 results, reflecting ongoing challenges in the market. The company’s revenue for the first three quarters of the year decreased by … Read the full press release
Posted in Apparel, Fashion & Beauty, Austria, Business, Economy, Financial, Industrial, Investment, Management, News
Tagged Financial, investment, Lenzing Group, Nico Reiner, Stephan Sielaff
(IN BRIEF) Siemens has revealed a $150 million investment in a new advanced manufacturing plant located in Dallas-Fort Worth. The facility will produce cutting-edge electrical equipment to support American data centers and critical infrastructure, catering to the growing demand for … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Dallas-Fort Worth, High-Tech Manufacturing Plant, infrastructure, investment, partnership, Roland Busch, Siemens, sustainability, U.S. Data Centers
(IN BRIEF) Edelvika, a Ukrainian clothing and textile manufacturer, has undergone a remarkable transformation from primarily producing filter bags to focusing on fashion-related products, particularly traditional embroidered blouses called vyshyvanka. Despite the challenges posed by the war in Ukraine, the … Read the full press release
Posted in Apparel, Fashion & Beauty, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Ukraine, United Kingdom
Tagged EBRD, Edelvika, fashion, filter bags, partnership, sustainability, UKRAINE, vyshyvanka, Yuriy Perekhodko
(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release
Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Christian Mumenthaler, earnings, Financial, investment, John Dacey, Swiss Re
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