(IN BRIEF) STARK Group, a leading provider of building materials and solutions, is extending its reach in Northern Finland by inaugurating a new branch in Rovaniemi. This expansion adds to the company’s existing network of 27 branches throughout Finland. Rovaniemi, … Read the full press release
(IN BRIEF) In the third quarter of 2023, global shipping and logistics giant Maersk reported financial results that mirrored expectations but reflected the harsh realities of a challenging market environment. With revenues of USD 12.1 billion, down significantly from the … Read the full press release
Posted in Business, Denmark, Economy, Financial, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, Maersk, Vincent Clerc
(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release
Posted in Banks, Bulgaria, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Bulgaria, Bulgarian Development Bank (BDB), economy, European Investment Bank, Financial, Fund Manager of Financial Instruments in Bulgaria (FMFIB), Kyriacos Kakouris, Milena Stoycheva, partnership, sustainability
(IN BRIEF) Allianz X, the digital investments division of global insurer Allianz Group, has announced a strategic investment in NEXT Insurance, a leading technology-focused small business insurer in the United States. Allstate is also participating in this investment round, bringing … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, News, Small Business, Technology
Tagged Allianz Group, Allianz X, Guy Goldstein, INNOVATION, insurance, investment, Nazim Cetin, NEXT Insurance, partnership, small business, SMEs, sustainability
(IN BRIEF) The Board of Management of Deutsche Telekom has announced its plans for shareholder remuneration in the upcoming year. The company intends to increase the dividend for the 2023 financial year to €0.77 per dividend-bearing share, up from €0.70 … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Telecom
Tagged Andreas Leigers, Deutsche Telekom, Financial, investment, Share Buyback 2024, Tim Höttges
(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release
(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, David Newns, Financial, Helvetia Phase III, Hypothekarbank Lenzburg, Jos Dijsselhof, partnership, SDX, sustainability, Swiss Financial Institutions, Swiss National Bank (SNB), Tokenized Central Bank Money SIX, UBS, Zürcher Kantonalbank
(IN BRIEF) In this article, BT Group addresses the importance of safely deploying artificial intelligence (AI) across various sectors and public services to improve daily life. While there is significant potential for AI to contribute to the UK economy, the … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Industrial, Investment, Management, News, Technology, Telecom, United Kingdom
Tagged AI, AI Adoption, BT Group, Daniel Wilson, Economic Potential
(IN BRIEF) Global listed real estate has experienced a significant correction, with a 25% drop in EUR terms since the beginning of 2022, leading to property companies trading at a 20% discount to their net asset value (NAV). In Europe, … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Norway, Real Estate
Tagged Bargain Valuations, Economic Outlook, Financial, investment, real estate, SKAGEN
(IN BRIEF) Barclays has introduced the Demo Directory, a novel online platform that allows UK businesses to connect with potential investors, regardless of their banking affiliation. This free service aims to simplify and expedite access to capital, offering opportunities for … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Internet & Online, Investment, Management, News, Technology, United Kingdom
Tagged Anthony Newman, Ape2o, Barclays, Benjamin Storey, Demo Directory, Financial, investment, partnership, sustainability, UK businesses
(IN BRIEF) Germany’s gross domestic product (GDP) for the third quarter of 2023 declined by 0.1% when adjusted for price, seasonal, and calendar variations compared to the previous quarter. This decrease follows a slight increase in economic performance in … Read the full press release
Posted in Business, Economy, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged Destatis, economy, Financial, GDP, Germany, investment
(IN BRIEF) HSBC Holdings plc reported strong financial performance in the third quarter of 2023, with profit before tax rising to $7.7 billion. This increase was driven by a higher interest rate environment and a positive impact related to the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged 2023 Earnings, Financial, HSBC, investment, Noel Quinn
(IN BRIEF) AXA has released its tenth edition of the Future Risks Report, which analyzes evolving and rising risks based on perceptions of experts and the general population. The report identifies the concept of “polycrisis,” where geopolitical tensions, emerging technologies … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged AXA, Crisis Mode, Financial, Future Risks Report 2023, investment, THOMAS BUBERL
(IN BRIEF) During the Global Gateway Forum, the EU committed €500 million to global health in collaboration with the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation. This funding will strengthen healthcare capacities, improve pharmaceutical supply chains, … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News
Tagged Africa, EIB, EU, global health, Jutta Urpilainen, Local Manufacturing, partnership, President Ursula von der Leyen, sustainability, Thomas Östros
(IN BRIEF) The EU, represented by Commissioner Olivér Várhelyi and EIB President Werner Hoyer, has announced a €16 million grant through EIB Global to enhance road safety in Georgia along the East-West highway. The project aims to improve physical safety … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety
Tagged East-West Highway, EIB, EIB Global, EU, GEORGIA, Irakli Garibashvili, Olivér Várhelyi, partnership, road safety, sustainability, Werner Hoyer
(IN BRIEF) A report by AXA Health and the Centre of Economic and Business Research reveals that neglecting women’s health in the workplace costs the UK economy £20.2 billion annually. Despite 68% of women experiencing health issues in their careers, … Read the full press release
Posted in Business, Economy, Financial, Healthcare, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged AXA Health, Cebr, economy, health, UK, WOMEN, workplace
(IN BRIEF) FTSE Russell, an LSEG business, and Tradeweb have formed a strategic partnership aimed at advancing fixed income index pricing and index trading products. The collaboration will expand benchmark pricing, widen index inclusion, and enhance trading functionality for fixed … Read the full press release
Posted in Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, United Kingdom
Tagged Financial, FTSE Russell, Lisa Schirf, LSEG, partnership, Pricing, Scott Harman, Tradeweb, trading
(IN BRIEF) The European Investment Fund (EIF) has partnered with five leading Romanian banks to provide €1 billion in guarantees to support small and medium-sized enterprises (SMEs) in Romania. These guarantees, backed by the InvestEU Member State Compartment and the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Banca Comerciala Romana, Banca Transilvania, CEC Bank, EIF, partnership, ProCredit Bank, Raiffeisen Bank, Roger Havenith, Romania, SMEs, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release
Posted in Banks, Business, Construction, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged earthquake, EBRD, economy, Heike Harmgart, MOROCCO, Recovery Package
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release
Posted in Banks, Economy, Environment, Financial, Slovakia
Tagged country strategy, EBRD, economic resilience, Green Bonds, Green Economy Transition, green transition, Slovak Republic
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