Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Borealis and Partners Showcase Sustainable Plastics Solutions at FAKUMA 2024 for Packaging and Healthcare

(IN BRIEF) At FAKUMA 2024, Borealis and key partners showcased advanced plastics processing solutions, focusing on sustainable materials for packaging and healthcare. Highlighting collaborations with companies like BMB, Engel, and ARBURG, Borealis demonstrated various applications using recycled and renewable feedstocks, … Read the full press release

Thales and Max Planck Institute Set Fusion Milestone with Record-Breaking Gyrotron Power Output

(IN BRIEF) Thales and the Max Planck Institute for Plasma Physics have achieved a new milestone in nuclear fusion by setting a world record with Thales’s TH1507U gyrotron, which generated 1.3 megawatts of radiofrequency for 360 seconds. Developed for the … Read the full press release

Capgemini Launches AI-Powered ‘Augmented Engineering’ Solutions to Revolutionize R&D and Product Development

(IN BRIEF) Capgemini has introduced “augmented engineering,” a suite of Gen AI-powered solutions designed to enhance R&D and product development for various industries. These new offerings include tools to speed up scientific discovery, improve product engineering, streamline technical support, and … Read the full press release

Toyota Expands Open Labs Program to Drive Startups in Sustainable Mobility Solutions

(IN BRIEF) Toyota Motor Europe has launched a second cohort of the Toyota Open Labs initiative, aiming to connect startups with Toyota’s business units to foster innovations in sustainable mobility. The program focuses on six key areas, including BEV energy … Read the full press release

Amey Opens Sustainable Design Hub in Belfast, Boosting Local Jobs and Environmental Commitment

(IN BRIEF) Amey has opened a new eco-friendly Consulting and design hub in Belfast, inaugurated by Northern Ireland’s Infrastructure Minister, John O’Dowd. The office will support Amey’s operations with clients such as Translink and the Department for Infrastructure, while also … Read the full press release

Technicolor and UCL Partner to Resolve Colour Perception Challenges in Advanced Display Technologies

(IN BRIEF) Technicolor Group has teamed up with University College London’s Colour and Vision Research Laboratory (CVRL) to tackle colour perception inconsistencies in wide gamut display technologies, which can cause different viewers to perceive colours in contrasting ways. This partnership … Read the full press release

AF Gruppen Secures Contract for New Aker Hospital Structural Project

(IN BRIEF) AF Gruppen has been awarded a NOK 212 million contract by Helse Sør-Øst RHF to build the Structural Shell Somatics Base West at New Aker hospital. The project includes groundwork, concrete foundations, and prefabricated structures, with work starting … Read the full press release

Orano Commits to Supporting Cancer Prevention and Employee Well-being by Joining “Working with Cancer” Initiative

(IN BRIEF) Orano has signed the “Working with Cancer” pledge, joining a global initiative led by Publicis Chair and CEO Arthur Sadoun to promote cancer prevention and support employees affected by cancer. The pledge reflects Orano’s commitment to employee well-being … Read the full press release

Stora Enso China Packaging Honored with Gold at MUSE Design Awards for Space Time Series Female Space Cream Packaging

(IN BRIEF) Stora Enso China Packaging has been awarded Gold in the 2024 MUSE Design Awards for its innovative packaging of the Space Time Series Female Space Cream, which creatively integrates space exploration elements into a skincare product design. The … Read the full press release

Frédéric Wiscart Appointed New President of Alstom France, Succeeding Jean-Baptiste Eyméoud

(IN BRIEF) Alstom has appointed Frédéric Wiscart as the new President of its France Region, effective November 4, 2024. Wiscart, who brings extensive experience from his previous roles in the energy sector, will succeed Jean-Baptiste Eyméoud, who is stepping down … Read the full press release

Ahlstrom Unveils Lipid Saver™: A Sustainable Innovation for Fatty Acid Collection and Storage

(IN BRIEF) Ahlstrom has introduced Lipid Saver™, a new solution designed for the collection, transport, and storage of fatty acids from whole blood samples. The innovative card allows for easy sample collection and long-term preservation at room temperature, eliminating the … Read the full press release

Ericsson and China Mobile Drive Efficiency Gains with 5G Smart Network at Zhangjiagang Port

(IN BRIEF) Ericsson, in partnership with China Mobile and Zhangjiagang Port Group, has successfully deployed a 5G-powered smart network at Zhangjiagang Port, resulting in improved operational efficiency, cost reductions, and energy savings. Since its implementation in August 2022, the 5G … Read the full press release

ZEISS Summit in Berlin Showcases AI and Automation Innovations for the Future of Manufacturing

(IN BRIEF) ZEISS hosted its first-ever “Quality Innovation Summit” in Berlin, bringing together 2,000 industry leaders, experts, and innovators to discuss advancements in metrology, AI, automation, and digitalization. Over three days, participants engaged in panel discussions, explored cutting-edge technologies in … Read the full press release

EIF Unlocks €500 Million to Support Romanian SMEs with Competitive and Sustainable Financing

(IN BRIEF) The European Investment Fund (EIF) has finalized agreements with seven Romanian banks, unlocking an additional €500 million in financing for small and medium-sized enterprises (SMEs) in Romania. The agreements will allow banks to offer SMEs better loan terms, … Read the full press release

EIB to Lead Two Projects in Eurosystem’s Exploration of DLT for Wholesale Financial Settlements

(IN BRIEF) The European Investment Bank (EIB) is actively participating in the Eurosystem’s exploration of distributed ledger technology (DLT) for settling wholesale financial transactions in central bank money. The EIB will be involved in two distinct projects under this initiative, … Read the full press release

Swisscom Unveils blue Binge Package with Netflix and Disney+ and Revamps Streaming Experience on blue TV

(IN BRIEF) Swisscom is launching blue Binge, a new package that combines Netflix and Disney+ subscriptions at a discounted price of CHF 19.90 per month, starting 28 October 2024. The package, which is around 28% cheaper than buying the services … Read the full press release

Wood Strengthens Middle East Presence with New Engineering Hub in Sharjah, UAE

(IN BRIEF) Wood has expanded its presence in the Middle East with the opening of a new office in Sharjah, UAE, its third office in the country. The 18,625 square foot facility will serve as an engineering hub for operations … Read the full press release

Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal

(IN BRIEF) Digi Communications N.V. announced that the Portuguese Competition Authority has approved the share purchase agreement between its subsidiary, DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A. … Read the full press release

University of Southampton Leads Sea Trials for Wind-Powered Cargo Ship to Cut Global Shipping Emissions by One-Third

(IN BRIEF) Scientists from the University of Southampton have begun sea trials on a wind-powered technology designed to reduce the carbon emissions of large cargo ships by up to a third. The wing-sail, developed by Smart Green Shipping, was retrofitted … Read the full press release

voestalpine Sells Buderus Edelstahl to Mutares in Strategic Shift Toward High-Performance Materials

(IN BRIEF) voestalpine has announced the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a prominent investment company. The agreement, signed on October 23, 2024, is awaiting regulatory approval and is expected to be finalized … Read the full press release

Helmut List Honored for Lifetime Achievements at EY Entrepreneur of the Year Awards, Celebrated for Driving Innovation in Sustainable Mobility

(IN BRIEF) At the 2024 “EY Entrepreneur of the Year” awards, Professor Helmut List, CEO and Chairman of AVL List, was honored with a special lifetime achievement award. Recognized for his pioneering role in the mobility and technology industries, List … Read the full press release

Siemens Partners with Alliander to Boost Flexible Grid Management and Expand Renewable Energy Distribution in the Netherlands

(IN BRIEF) Siemens has formed a strategic partnership with Dutch network company Alliander to improve flexible grid management and enhance energy distribution in the Netherlands. Using Siemens’ Gridscale X platform, Alliander aims to increase grid utilization by up to 30%, … Read the full press release

Siemens and ServiceNow Team Up to Boost Industrial Security and AI-Driven Automation on the Factory Floor

(IN BRIEF) Siemens and ServiceNow have partnered to enhance shopfloor operations by integrating AI-powered automation and improving industrial cybersecurity. This collaboration, announced at the ServiceNow World Forum in Munich, merges Siemens’ Sinec Security Guard for vulnerability management with ServiceNow’s workflow … Read the full press release

EU Businesses Lead Climate and Digital Investments Despite Economic Challenges, EIB Survey Shows

(IN BRIEF) The European Investment Bank’s (EIB) 2024 Investment Survey reveals that over 60% of EU companies have already invested in climate change mitigation and adaptation, while more than 70% have embraced digital transformation. The survey, covering 12,000 firms across … Read the full press release

Software AG Study Finds Half of Employees Use Shadow AI, Urging Businesses to Strengthen AI Strategies

(IN BRIEF) A new study by Software AG reveals that 50% of employees are using Shadow AI—personal AI tools not provided by their companies—with 46% unwilling to stop using them even if banned. With 75% of knowledge workers already utilizing … Read the full press release

Pilkington Italy Expands Emissions Reduction Efforts with Second GEA DeNOx System at San Salvo Facility

(IN BRIEF) Pilkington Italy has ordered a second DeNOx gas purification system from GEA for its San Salvo glass production facility on the Adriatic coast. This follows the successful installation of the first system in 2020, which significantly reduced nitrogen … Read the full press release

Ingka Centres Launches Livli to Redefine Community-Focused Retail and Leisure Destinations in Europe

(IN BRIEF) Ingka Centres has introduced a new consumer brand, Livli, aimed at transforming European destinations into lively, community-focused meeting places that go beyond traditional shopping. Livli Kungens Kurva in the Stockholm area is the first location to adopt the … Read the full press release

Mercedes-Benz Enhances Safety in Econic Vehicles with Pedestrian Detection and Collision Prevention Systems

(IN BRIEF) Mercedes-Benz has introduced advanced safety features in its Econic waste collection vehicles, including the fourth-generation Active Brake Assist system, which detects pedestrians and automatically initiates partial braking to avoid collisions. Additionally, Sideguard Assist helps drivers navigate urban environments … Read the full press release

Autoservizi Troiani Expands Electric Bus Fleet with 110 Mercedes-Benz eCitaro Buses for Rome

(IN BRIEF) Autoservizi Troiani is expanding its electric bus fleet with the acquisition of 110 all-electric Mercedes-Benz eCitaro buses, to be delivered by mid-2026. This move supports the company’s goal of fully transitioning to electric public transport in the eastern … Read the full press release

University of Exeter Researchers Receive £400,000 Grant to Advance Innovative Type 1 Diabetes Treatments

(IN BRIEF) Researchers at the University of Exeter have been awarded nearly £400,000 from the Type 1 Diabetes Grand Challenge to explore innovative treatments for type 1 diabetes. Led by Dr. Craig Beall and Dr. Tom Piers, the project will … Read the full press release

Lifecare Transitions to Euronext Oslo Børs as It Moves Closer to Market with Innovative Diabetes Technology

(IN BRIEF) Lifecare, a Norwegian medtech company developing implantable sensors for glucose and biomarker monitoring, has transitioned from Euronext Growth Oslo to the main Euronext Oslo Børs market. This marks a significant milestone for the company, with a market capitalization … Read the full press release

DNV and MIRDC Join Forces to Drive Renewable Energy Innovation in Taiwan

(IN BRIEF) DNV and Taiwan’s Metal Industries Research & Development Centre (MIRDC) have signed a three-year Memorandum of Understanding (MoU) to collaborate on advancing renewable energy technologies in Taiwan. The partnership will focus on floating solar and wind technologies, energy … Read the full press release

Statkraft Seeks Permit for 2.1 GW Offshore Wind Farm to Power Stockholm’s Clean Energy Transition

(IN BRIEF) Statkraft has applied for a permit to develop the 2.1 GW Baltic Offshore Delta North wind farm in the Baltic Sea, located 100 kilometers east of Stockholm. This bottom-fixed offshore wind project, designed to generate up to 8 … Read the full press release

Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

(IN BRIEF) The Würth Group has successfully issued a EUR 500 million bond with a nearly 7-year term and a 3% fixed interest rate. The bond issuance follows a well-received European roadshow, where Würth presented its strategic plans and financial … Read the full press release

EFSA Confirms Safety of Silicon Dioxide in Food, Supporting Evonik’s Silica Products for Sustainable Use

(IN BRIEF) The European Food Safety Authority (EFSA) has confirmed the safety of silicon dioxide (E 551) as a food additive, including its use in infant food, after a recent scientific review. Evonik, a major producer of silica, welcomed this … Read the full press release

SAMS Expands Research Team with New Roles to Tackle Ocean Changes and Climate Impact

(IN BRIEF) The Scottish Association for Marine Science (SAMS) is expanding its research team with five new positions to enhance its understanding of ocean processes, particularly in response to climate change, biodiversity loss, and pollution. The new hires, including principal … Read the full press release

Vattenfall Unveils Tiny House Made from Recycled Wind Turbine at Dutch Design Week

(IN BRIEF) Vattenfall and design studio Superuse have converted the nacelle of a decommissioned wind turbine into a compact, sustainable tiny house, which is being showcased at Dutch Design Week. The project demonstrates innovative reuse of turbine materials, featuring modern … Read the full press release

BBVA Recognized as a Global Leader in AI, Ranking 13th Among Top Banks Worldwide

(IN BRIEF) BBVA has been ranked as the 13th most advanced bank globally in artificial intelligence (AI) by the Evident AI Index, which assesses AI and data integration in the world’s top 50 banks. BBVA ranks first in Spain and … Read the full press release

Garanti BBVA and WWF Türkiye Complete Key Projects for Wildlife Protection and Forest Fire Prevention

(IN BRIEF) Garanti BBVA and WWF Türkiye have successfully completed three new projects as part of their ‘Türkiye’s Life: Fire Management Grant Program,’ launched to mitigate forest fire risks and support wildlife conservation. The projects included efforts to protect caracal … Read the full press release

EIB and Deutsche Leasing Partner to Boost Green Transformation of Small Businesses with €200 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Leasing have signed the second tranche of a €560 million project to support the green transformation of small and medium-sized enterprises (SMEs) and mid-caps in Germany and Eastern Europe. With €200 … Read the full press release