Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

EIB and EACCNY Launch Alliance to Drive Sustainable Infrastructure Investment in Developing Regions

(IN BRIEF) The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) have established the Transatlantic Resilient Infrastructure Alliance (TRIA) to mobilize private sector investment for infrastructure projects in low- and middle-income countries. Bringing together … Read the full press release

EIB Backs GEWOBA’s Project for Affordable and Climate-Friendly Housing in Bremen

(IN BRIEF) The European Investment Bank (EIB) is providing a €125 million loan to GEWOBA, Bremen’s largest rental housing provider, to support a €500 million initiative aimed at expanding affordable, climate-friendly housing in Bremen and Bremerhaven. This project will build … Read the full press release

TUM Researchers Develop New Method to Boost Zinc Battery Lifespan, Advancing Large-Scale Energy Storage

(IN BRIEF) Researchers at the Technical University of Munich (TUM) have developed a new chemical method that dramatically extends the lifespan of zinc-ion batteries, potentially reaching hundreds of thousands of charge cycles. This innovation uses a special protective layer on … Read the full press release

Vienna Insurance Group Launches Cyber Risk Solutions to Strengthen Cybersecurity for SMEs

(IN BRIEF) Vienna Insurance Group (VIG) has launched Cyber Risk Solutions GmbH (CyRiSo) to support small and medium-sized businesses in managing cyber risks. CyRiSo provides a range of services, including risk assessments, incident response, and ransomware protection, helping clients mitigate … Read the full press release

Maersk and Danone Join Forces to Slash Emissions in Global Logistics with ECO Delivery Ocean Partnership

(IN BRIEF) Maersk and Danone have partnered to cut greenhouse gas emissions in Danone’s logistics operations by using Maersk’s ECO Delivery Ocean service, which relies on bio-based fuels made from waste feedstocks. This collaboration, part of Danone’s commitment to reach … Read the full press release

QIAGEN Gains FDA Approval for QIAstat-Dx Mini Panel, Enhancing Outpatient Respiratory Diagnostics with Rapid Results

(IN BRIEF) QIAGEN has announced FDA clearance for its QIAstat-Dx Respiratory Panel Mini, marking the third such approval for the QIAstat-Dx system in 2024. Tailored for outpatient settings, this panel quickly detects five common respiratory pathogens—including influenza strains and SARS-CoV-2—enabling … Read the full press release

DNB and Ericsson Win Top Award for AI-Driven Solution, Enhancing Malaysia’s 5G Network Efficiency and Resilience

(IN BRIEF) Digital Nasional Berhad (DNB) and Ericsson have received the FutureNet Asia 2024 Award for their AI-powered intent-based operations (IBO) solution in Malaysia’s 5G network, recognized for advancing intelligent network management and resilience. This IBO solution leverages AI to … Read the full press release

Ericsson and MasOrange Partner on Spain’s First Open RAN 5G Network, Advancing European Telecommunications

(IN BRIEF) Ericsson and MasOrange have launched a five-year collaboration to establish an Open RAN-ready network in Spain, integrating Orange Spain and MASMOVIL’s infrastructure to create a high-capacity 5G Standalone network. This partnership enables MasOrange to provide flexible, scalable 5G … Read the full press release

Ericsson and Telstra Introduce Groundbreaking Automated Energy Saver for Smarter, Sustainable 5G Network Management

(IN BRIEF) Ericsson and Telstra have launched the 5G Advanced Automated Energy Saver (AES), a cutting-edge feature for energy-efficient network management, making Telstra the first in the Southern Hemisphere to implement such a solution. AES uses intent-based automation to optimize … Read the full press release

OMV Secures 67 GWh in Renewable Energy Agreements, Boosting Decarbonization Efforts at Key Facilities

(IN BRIEF) OMV has entered power purchase agreements with VERBUND and ImWind to secure 67 GWh of renewable electricity each year, meeting over 35% of its Schwechat refinery and Adria Wien Pipeline’s power needs. The supply, 65% from hydropower and … Read the full press release

Accenture Expands AI and SAP Capabilities with Acquisition of Camelot Management Consultants

(IN BRIEF) Accenture has completed its acquisition of Camelot Management Consultants, a German firm specializing in SAP, supply chain, and data analytics consulting. This acquisition, first announced in July, enhances Accenture’s SAP and AI-driven supply chain capabilities, allowing it to … Read the full press release

Stora Enso Acquires Junnikkala Oy to Bolster Wood Supply and Expand Sawmilling Operations in Finland

(IN BRIEF) Stora Enso is acquiring Finnish sawmill company Junnikkala Oy to secure a reliable wood supply for its packaging board production in Oulu and to support its wood products division with enhanced resources. The acquisition, valued up to EUR … Read the full press release

AFRY and Helen Partner on Feasibility Study for Finland’s First Large-Scale Green Hydrogen Production Plant

(IN BRIEF) Helen has commissioned AFRY to conduct a feasibility study for a large-scale green hydrogen production plant in Helsinki. This study will evaluate the conditions for producing green hydrogen effectively, supporting Helen’s goal to offer carbon-neutral district heating, cooling, … Read the full press release

Horizon Energy Ventures and Landis+Gyr Partner to Boost Workplace EV Charging Solutions Across the UK

(IN BRIEF) Horizon Energy Ventures and Landis+Gyr have joined forces to expand workplace EV charging solutions across the UK, blending Horizon’s expertise in sustainable finance with Landis+Gyr’s advanced energy management technology. This collaboration aims to accelerate the rollout of efficient, … Read the full press release

Thales and BCG Partner to Strengthen Cyber Resilience for Major Enterprises with Comprehensive Crisis Management Solutions

(IN BRIEF) Thales and Boston Consulting Group (BCG) have formed a strategic partnership to strengthen cyber resilience for major French corporations amid rising digital threats. Launched at the Assises de la Sécurité event, this collaboration combines Thales’ technical cybersecurity expertise … Read the full press release

Qatar Airways Leads in Digital Innovation, Adopting Thales’ Groundbreaking FlytEDGE Inflight Entertainment System for A321 NX Fleet

(IN BRIEF) Qatar Airways has partnered with Thales to equip its A321 NX fleet with FlytEDGE, the first cloud-native inflight entertainment system. As the first airline to select this system, Qatar Airways enhances its digital transformation journey, delivering personalized and … Read the full press release

DWS Xtrackers Joins SIX Swiss Exchange, Boosting Regulated Crypto Investment with New Bitcoin and Ethereum ETPs

(IN BRIEF) DWS Xtrackers has debuted on the SIX Swiss Exchange with two new cryptocurrency-backed Exchange-Traded Products (ETPs), focusing on Bitcoin and Ethereum. As the 17th crypto ETP issuer on SIX, DWS Xtrackers strengthens its position in the digital asset … Read the full press release

EIB and CDP Invest €500 Million in ACEA to Boost Rome’s Energy Infrastructure and Support Green Transition

(IN BRIEF) ACEA has secured €500 million in financing from the European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP), backed by SACE, to upgrade the electricity distribution network managed by Areti in Rome and Formello. This investment, aimed … Read the full press release

EIB Boosts Funding for Stockholm’s Slussen Revamp, Advancing Sustainable Urban Development

(IN BRIEF) The European Investment Bank (EIB) has granted an additional €264 million to the ongoing redevelopment of Stockholm’s Slussen area, which aims to modernize infrastructure and enhance sustainability. This funding builds on an earlier €382 million loan and will … Read the full press release

Infineon to Highlight Decarbonization and Digitalization Solutions at electronica 2024

(IN BRIEF) At the electronica 2024 trade show in Munich, Infineon Technologies will present its latest semiconductor solutions that drive decarbonization and digitalization, focusing on clean mobility, smart living spaces, and AI applications. Key highlights include the world’s first 300 … Read the full press release

AstraZeneca’s Fasenra Approved in EU for Treating Rare Vasculitis, Offering New Hope for EGPA Patients

(IN BRIEF) AstraZeneca’s Fasenra (benralizumab) has been approved in the European Union as an add-on treatment for adults with eosinophilic granulomatosis with polyangiitis (EGPA), a rare and severe form of vasculitis. The approval follows positive results from the MANDARA Phase … Read the full press release

Metso Partners with Hindalco to Supply Advanced Refinery Equipment for New Precious Metals Facility in India

(IN BRIEF) Metso has received an order from Hindalco Industries, part of the Aditya Birla Group, to provide engineering services and key equipment for a new precious metals refinery in Gujarat, India. This state-of-the-art facility, set to be commissioned within … Read the full press release

Saab Secures GBP 20 Million Amendment to Enhance British Army Training in Oman

(IN BRIEF) Saab has signed a GBP 20 million amendment to its existing training contract with the UK Ministry of Defence, enhancing support for British Army training in Oman. The deal, which includes deliveries through 2024 and 2025, provides advanced … Read the full press release

Continental’s SportContact 7 Tires Power the New 1,000 HP BRABUS ROCKET GTS Supercar

(IN BRIEF) Continental has partnered with BRABUS to exclusively supply its high-performance SportContact 7 tires for the new BRABUS ROCKET GTS supercar. This collaboration extends a 25-year relationship between the two companies, focusing on optimizing performance and safety for high-powered … Read the full press release

Empa Researchers Unveil Key Insights into “Superspreader” Protein Fibrils in Alzheimer’s

(IN BRIEF) Empa researchers, in collaboration with the University of Limerick, have identified a highly active type of protein fibril, termed “superspreader,” that may play a key role in the progression of Alzheimer’s disease. Using advanced atomic force microscopy, they … Read the full press release

Eviden Leads European Initiative to Enhance Cybersecurity with CYDERCO Project

(IN BRIEF) Eviden, part of the Atos Group, is leading the CYDERCO project, a three-year European initiative co-funded by the European Commission to enhance the capabilities of Security Operations Centers (SOCs) across the EU. The project, coordinated by Eviden in … Read the full press release

Vantage Drilling Debuts on Euronext Growth Oslo with NOK 3.8 Billion Market Capitalization

(IN BRIEF) Vantage Drilling, an offshore drilling contractor, has listed on Euronext Growth Oslo, achieving a market capitalization of NOK 3.8 billion with an initial share price of NOK 287. This marks the ninth listing on Oslo’s market this year … Read the full press release

Kapsch TrafficCom Secures 10-Year Extension to Enhance Riverside County Toll Services Through 2041

(IN BRIEF) Kapsch TrafficCom has secured a 10-year extension to its partnership with the Riverside County Transportation Commission (RCTC), continuing to provide advanced tolling services and traffic management through 2041. The extension builds on seven years of successful operations, managing … Read the full press release

Sainsbury’s and Comic Relief Team Up to Provide Over 5 Million Meals to Families in Need This Winter

(IN BRIEF) Sainsbury’s has partnered with Comic Relief to provide over five million meals to families facing food poverty this winter. Throughout December, proceeds from the sale of Sainsbury’s and Free From mince pies will be donated to Comic Relief, … Read the full press release

Daimler Truck and Volvo Group Partner in Joint Venture to Lead Digital Transformation of Commercial Vehicles

(IN BRIEF) Daimler Truck and Volvo Group have signed a binding agreement to create a 50/50 joint venture focused on developing a software-defined vehicle platform for heavy-duty vehicles. This new company, based in Gothenburg, Sweden, aims to set a new … Read the full press release

Adyen and BCG Report Highlights $185 Billion Growth Potential for SaaS Platforms in Embedded Finance

(IN BRIEF) A joint report from Adyen and Boston Consulting Group (BCG) reveals a $185 billion market opportunity for Software-as-a-Service (SaaS) platforms through embedded finance, showing a 25% increase since 2022. Driven by favorable interest rates and increased demand from … Read the full press release

JOST Joins Forces with AeroAlliance to Drive Innovation in Trailer Aerodynamics

(IN BRIEF) JOST, a global leader in safety systems for commercial vehicles, joined the AeroAlliance platform in September 2024. This partnership aims to promote innovative aerodynamic solutions for trailers, targeting reduced energy consumption and improved fleet efficiency. Aligned with the … Read the full press release

Fielmann Group Earns C+ Prime ESG Status, Strengthening Its Appeal to Sustainable Investors in Healthcare Sector

(IN BRIEF) The Fielmann Group has been awarded a C+ Prime Status ESG rating in the Healthcare category by ISS ESG, a major firm in sustainable investment assessments. This marks the first time the global eyewear and eyecare provider has … Read the full press release

Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited

(IN BRIEF) Digi Communications N.V. announced that its Portuguese subsidiary, DIGI Portugal LDA., has completed the acquisition of 100% of shares in Cabonitel S.A. from LORCA JVCO Limited. This finalization follows the Portuguese Competition Authority’s clearance granted the previous day, … Read the full press release

bp Completes Full Acquisition of Lightsource bp to Boost Onshore Renewable Energy Portfolio

(IN BRIEF) bp has completed its acquisition of the remaining 50.03% interest in Lightsource bp, enhancing its position in the onshore renewable energy sector. This acquisition brings bp full control over Lightsource bp’s 62 GW solar and battery storage development … Read the full press release

Evonik Marks 50 Years of Methionine Production in Antwerp, Calls for Stronger Support for European Industry

(IN BRIEF) Evonik recently celebrated 50 years of methionine production at its Antwerp site, a crucial location in its global production of MetAMINO® for animal feed. The anniversary highlighted Antwerp’s role in Evonik’s international network and emphasized the company’s call … Read the full press release

Rheinmetall Delivers 20 Additional Marder Infantry Fighting Vehicles to Ukraine to Strengthen Defense Efforts

(IN BRIEF) Rheinmetall has delivered 20 more Marder 1A3 Infantry Fighting Vehicles (IFVs) to Ukraine, funded by the German government, as part of ongoing support against Russian aggression. This brings Rheinmetall’s total IFV and tank deliveries to Ukraine to around … Read the full press release

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release

Deka Immobilien Completes Sale of Portuguese Shopping Centre to Fundo Iberia Shoppings Fund

(IN BRIEF) Deka Immobilien has sold a shopping centre in Torres Novas, Portugal, from one of its institutional real estate funds to the Fundo Iberia Shoppings fund, recently launched by Brazilian bank BTG Pactual and Renato Rique of Allos S/A. … Read the full press release

Finnvera’s Financial Support Helps Propel Sibanye-Stillwater’s Keliber Lithium Project to Lead Europe’s Battery Supply Chain

(IN BRIEF) Finland’s battery sector is surging as green initiatives and the electrification of transport accelerate the demand for lithium and battery chemicals. Sibanye-Stillwater’s Keliber project, located in Central Ostrobothnia, Finland, seeks to become Europe’s first fully integrated producer of … Read the full press release