Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

voestalpine Railway Systems Showcases Digital Innovations at InnoTrans 2024, Supports Major Global Rail Projects

(IN BRIEF) voestalpine Railway Systems is showcasing its advanced rail solutions at InnoTrans 2024 in Berlin, the world’s leading transport technology trade fair, which attracts over 130,000 visitors. The company is presenting a range of products and services, including digital … Read the full press release

Top African Venture Capital Leaders Recognized for Transforming Start-up Ecosystem at Oxford Programme

(IN BRIEF) At the Africa Venture Finance Programme hosted by Oxford University’s Saïd Business School, top African venture capital fund managers were recognized for their contributions to supporting start-ups across the continent. Awards were given to First Circle Capital, SpeedInvest, … Read the full press release

University of York Academics Celebrated Among World’s Top-Cited Scientists in New Global Rankings

(IN BRIEF) More than 150 researchers from the University of York have been recognized in the prestigious Stanford/Elsevier Top 2% Scientist Rankings, which highlights the most-cited scientists globally. The rankings, based on 2022 citation data, reflect the significant global impact … Read the full press release

Krka Strengthens Commitment to Sustainability with Car-Free Day and Electric Truck Initiative

(IN BRIEF) Krka employees participated in the European Mobility Week for the ninth consecutive year, promoting sustainable commuting through the company’s Car-Free Day campaign. Employees from 13 countries adopted eco-friendly travel methods such as cycling, public transport, and walking. This … Read the full press release

Eviden and Selartag Launch Advanced Wine Inventory System Powered by AWS Cloud

(IN BRIEF) Eviden, a division of Atos Group, has partnered with Selartag to develop an innovative wine cellar management solution hosted on AWS hybrid cloud architecture. The system uses smart labels, RFID technology, and a mobile app to provide real-time … Read the full press release

Stora Enso and Södra Join Forces to Advance Kraft Lignin as a Sustainable Bio-Based Material

(IN BRIEF) Stora Enso and Södra have entered into a long-term agreement to collaborate on advancing the use of kraft lignin, a sustainable material derived from the pulping process. Under the partnership, Södra will supply kraft lignin from its new … Read the full press release

Lloyds Banking Group Enhances Accessibility with British Sign Language Support on Job Search Pages

(IN BRIEF) Lloyds Banking Group has become the first FTSE 100 company to implement Signly on its job search pages, a service providing British Sign Language (BSL) translations to enhance accessibility for d/Deaf users. This initiative reaffirms Lloyds’ commitment to … Read the full press release

Skanska Awarded $630M Contract for Sustainable Hillview Reservoir Project in Yonkers

(IN BRIEF) Skanska, in partnership with ECCO III Enterprises, Inc., has been awarded a USD 848 million contract by the New York City Department of Environmental Protection for the Hillview Reservoir Chemical Addition Facilities project in Yonkers, New York. Skanska’s … Read the full press release

AFRY’s Fossil Detox Report Outlines Key Steps for Accelerating the Global Transition from Fossil Fuels

(IN BRIEF) AFRY’s newly released Fossil Detox Report, unveiled during New York Climate Week, highlights the urgent need for a global transition away from fossil fuels. The report identifies critical technologies like smart grids, energy storage solutions, and carbon capture, … Read the full press release

Capgemini Report Highlights Corporate Sustainability Progress Amid Geopolitical Tensions and Consumer Doubts

(IN BRIEF) A new report by the Capgemini Research Institute, titled “A World in Balance 2024: Accelerating Sustainability Amidst Geopolitical Challenges,” reveals that despite global geopolitical tensions, organizations are continuing to advance their sustainability goals. Key areas of progress include … Read the full press release

BT Group Unveils £4 Million Apprenticeship Fund to Strengthen SME Workforce and Drive Economic Growth

(IN BRIEF) BT Group has launched a £4 million Apprenticeship Fund aimed at helping small and medium-sized enterprises (SMEs), charities, and public sector organizations in England. Over the next four years, the fund will support these entities by providing access … Read the full press release

UN and Multilateral Development Banks Unite to Boost Global Efforts for 2030 SDG Targets

(IN BRIEF) On September 23, 2024, UN Secretary-General António Guterres met with the heads of major Multilateral Development Banks (MDBs) to strengthen collaboration aimed at accelerating progress toward the 2030 Sustainable Development Goals (SDGs). The discussion centered on MDB reforms … Read the full press release

TotalEnergies Announces Production Start at Fenix Offshore Gas Field in Argentina

(IN BRIEF) TotalEnergies has commenced production at the Fenix gas field, located off the coast of Tierra del Fuego in Southern Argentina. Part of the Cuenca Marina Austral 1 concession, the field has a production capacity of 10 million cubic … Read the full press release

Vivendi Realigns Assets to Strengthen Canal+ Group’s Global Media Presence and Revenue Potential

(IN BRIEF) Vivendi has restructured Canal+ Group by integrating several of its assets, including GVA (a telecom provider in Africa), the video platform Dailymotion, and performance venues like L’Olympia in France. This move creates a more unified global media entity, … Read the full press release

Infineon Expands OptiMOS™ 6 Lineup with New 135 V and 150 V MOSFETs for Power and Drive Efficiency

(IN BRIEF) Infineon Technologies has expanded its OptiMOS™ 6 MOSFET lineup by introducing new 135 V and 150 V MOSFETs, designed for enhanced efficiency in drives and switched-mode power supply (SMPS) applications. These MOSFETs offer up to a 50% reduction … Read the full press release

ZF Introduces Enhanced Safety and Automation Features for Commercial Vehicles with OnGuardMAX and mBSP XBS Platforms

(IN BRIEF) At IAA Transportation 2024, ZF introduced the latest version of its Advanced Driver Assistance System (ADAS), OnGuardMAX, and its modular brake platform, mBSP XBS, for the European commercial vehicle market. OnGuardMAX offers enhanced safety features like Moving Off … Read the full press release

Barry Callebaut Sets Path to Net Zero by 2050 with New Decarbonization Roadmap

(IN BRIEF) Barry Callebaut has launched its Net Zero Roadmap, outlining its plan to fully decarbonize its value chain and reach Net Zero emissions by 2050. The roadmap sets an interim target of reducing emissions by 30% by 2030, focusing … Read the full press release

Pfizer and BioNTech’s Omicron KP.2-Adapted COVID-19 Vaccine Receives Positive EU Opinion, Awaiting Approval

(IN BRIEF) Pfizer and BioNTech’s Omicron KP.2-adapted COVID-19 vaccine has received a positive recommendation from the European Medicines Agency’s (EMA) CHMP for use in individuals aged six months and older. Pending final approval from the European Commission, the vaccine will … Read the full press release

FluMist Becomes First At-Home Self-Administered Flu Vaccine Approved by FDA

(IN BRIEF) FluMist, a needle-free nasal spray influenza vaccine, has been approved by the FDA for self-administration in the US, making it the first flu vaccine of its kind to be used at home. Adults up to 49 years old … Read the full press release

Garanti BBVA Introduces Türkiye’s First End-to-End Digital Vehicle Loans for Individuals

(IN BRIEF) Garanti BBVA has become the first Turkish bank to offer fully digital vehicle loans for individual customers, expanding a service previously available only to companies and self-employed clients. The entire loan application process, covering nearly 40 automobile brands, … Read the full press release

Scania Unveils Autonomous Truck and Sustainable Solutions for Agile Mining at MINExpo 2024

(IN BRIEF) At the 2024 MINExpo in Las Vegas, Scania introduced its fully autonomous mining truck and showcased its “Think big, act small” approach to boosting mining efficiency. The company emphasized its focus on payload efficiency, sustainability, and cost-effective solutions … Read the full press release

Reardon Court Extra Care Housing Named ‘Construction Project of the Year’ at National Awards

(IN BRIEF) Reardon Court, an extra care housing project in Enfield, London, has won ‘Construction Project of the Year’ at the Procure Partnerships Framework National Project Excellence Awards 2024. The project, led by Enfield Council and constructed by GRAHAM, provides … Read the full press release

EIB Funds €125 Million Campus Expansion and Affordable Housing at Cyprus University of Technology

(IN BRIEF) The European Investment Bank (EIB) is providing €125 million in loans to the Cyprus University of Technology (CUT) to fund new student housing and upgrade academic, research, and sports facilities in Paphos and Limassol. The project, which will … Read the full press release

EIB Supports Deutsche Glasfaser with €350 Million Loan to Expand High-Speed Internet in Rural Germany

(IN BRIEF) The European Investment Bank (EIB) has granted a €350 million loan to Deutsche Glasfaser to expand fibre-optic broadband access to around 460,000 rural homes and businesses in Germany. This initiative, supported by the EU’s InvestEU programme, addresses the … Read the full press release

Multilateral Banks Boost Climate Finance to Record $125 Billion in 2023, Doubling Private Sector Mobilization

(IN BRIEF) Multilateral development banks (MDBs) have reached a new milestone in climate finance, committing a record $125 billion in 2023. A significant portion, $74.7 billion, was allocated to low- and middle-income countries, primarily for climate mitigation and adaptation. High-income … Read the full press release

European Investment Bank Unveils Global Health and Climate Initiatives at UN General Assembly

(IN BRIEF) At the 79th United Nations General Assembly, European Investment Bank (EIB) President Nadia Calviño will announce new initiatives focused on global health and climate finance. The EIB, in collaboration with partners like the Gates Foundation and WHO, will … Read the full press release

Continental Wins ETM Award 2024 for Excellence in Commercial Vehicle Tires

(IN BRIEF) Continental has won the ETM Award 2024 in the “Tires” category, based on a readers’ poll by ETM, recognizing its excellence in commercial vehicle tires. The award highlights Continental’s innovative Generation 5 tire line, which enhances fuel efficiency, … Read the full press release

Continental Unveils Hydraulic Bushings That Cut Train Maintenance Costs and Improve Passenger Comfort

(IN BRIEF) Continental has developed a new generation of hydraulic wheelset guiding bushings for trains, offering improved adaptability to track conditions, which enhances passenger comfort and extends the lifespan of critical components. These bushings can be retrofitted without requiring modifications … Read the full press release

Red Sea Expedition Inspires Students to Research Plastic Pollution, Present Findings at MICRO 2024

(IN BRIEF) A field trip to the Red Sea has inspired three SAMS undergraduate students to investigate plastic pollution, which they will present at the MICRO 2024 conference. Their research focuses on plastic waste in Red Sea mangroves and Scottish … Read the full press release

Rheinmetall and MBDA Extend Collaboration in Laser Weapons Technology

(IN BRIEF) Rheinmetall and MBDA Deutschland have renewed their partnership to continue developing laser weapon systems, with plans to launch a maritime-focused drone defense product within five to six years. The collaboration follows successful trials aboard the German Navy’s frigate … Read the full press release

Key Changes to ATX Indices: Mayr-Melnhof and Wienerberger Join Global Players, AUSTRIACARD Boosts Family Index

(IN BRIEF) Mayr-Melnhof Karton AG and Wienerberger AG will join the ATX Global Players index, replacing BAWAG Group AG after a turnover review. The ATX Global Players index consists of companies generating over 20% of revenue outside Europe, currently featuring … Read the full press release

GT Talent Group Raises €1.5 Million in IPO, Debuts on Euronext Growth Milan with €5.2 Million Market Cap

(IN BRIEF) GT Talent Group, a sports entertainment company specializing in supercar driving experiences and motorsport talent shows, has successfully listed on Euronext Growth Milan. This marks the 16th listing on the Milan market and the 36th on Euronext this … Read the full press release

Ingka Centres Expands Global Footprint with Acquisition of Munich’s Iconic Pasing Arcaden Shopping Center

(IN BRIEF) Ingka Centres, part of the Ingka Group, has signed a purchase agreement to acquire Pasing Arcaden, a popular shopping center in Munich, Germany. The deal, expected to close by Q4 2024, will mark Ingka Centres’ return to Germany … Read the full press release

Cinemark Selects Adyen to Enhance Payment Experience Across 300+ U.S. Theaters

(IN BRIEF) Adyen has been selected as the exclusive payments platform for Cinemark, a major U.S. movie theater chain with over 300 locations. This partnership will streamline payments across various channels, including Cinemark’s website, mobile app, box offices, kiosks, and … Read the full press release

Nagarro Strengthens Data and AI Leadership with Select Partner Status in Databricks Program

(IN BRIEF) Nagarro has achieved Select Partner status in the Databricks Partner Program, emphasizing its expertise in data-driven innovation and AI-powered transformation. The recognition highlights Nagarro’s ability to help businesses, especially in sectors like manufacturing, retail, and healthcare, harness data … Read the full press release

PRK Peter Rieger Konzertagentur and DreamHaus Merge to Form PRK DreamHaus, Strengthening Live Entertainment Presence

(IN BRIEF) PRK Peter Rieger Konzertagentur and DreamHaus, both subsidiaries of CTS EVENTIM, have merged to form PRK DreamHaus. The newly created company will be jointly led by Klaus-Peter (Matze) Matziol and Matt Schwarz, with Tobi Habla joining as an … Read the full press release

Commerzbank and Crypto Finance Partner to Provide Secure Crypto Asset Services for Corporate Clients in Germany

(IN BRIEF) Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer secure access to digital assets, specifically bitcoin and ether, for its corporate clients in Germany. Commerzbank will handle crypto asset custody, while Crypto Finance manages … Read the full press release

Bilfinger to Integrate Third Electrolysis Plant for RWE’s Expanding Green Hydrogen Project in Lingen

(IN BRIEF) RWE is expanding its green hydrogen production facility in Lingen, Germany, by adding a third 100 MW electrolysis plant as part of a larger 300 MW project. Bilfinger has been selected to integrate the new plant, handling engineering … Read the full press release

FORVIA HELLA Launches First RGB LED Rear Lamp with Dynamic Light Animations for Geely’s LYNK & CO Z10

(IN BRIEF) FORVIA HELLA has introduced its first RGB LED rear combination lamp with full-color light animations, now in mass production in China. The lamp, featured in the new LYNK & CO Z10 electric sedan by Geely Auto Group, offers … Read the full press release

Ukrainian Innovators Thrive with Green Solutions Amidst War, Supported by EBRD and EU

(IN BRIEF) Ukrainian companies are leading green innovation despite the challenges of war, with support from the EBRD, EU, and Greencubator through the Climate Innovation Vouchers programme. Pipes.one has developed a mobile factory that reduces emissions and costs by producing … Read the full press release