Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

AFRY to Lead Renewable Power Design for Australia’s Landmark Green Ammonia Project

(IN BRIEF) Allied Green Ammonia (AGA) has appointed AFRY as the Owner’s Engineer for its flagship green ammonia project in Australia’s Northern Territory. The project will use 100% renewable energy, combining 4.75 GW of solar power and battery energy storage … Read the full press release

Viettel Expands Ericsson Partnership with Major 5G Rollout Across Vietnam, Strengthening Digital Innovation

(IN BRIEF) Viettel, Vietnam’s leading telecom company, has expanded its partnership with Ericsson through a new contract for nationwide 5G deployment. Under the agreement, Ericsson will lead the rollout of Viettel’s 5G Radio Access Network (RAN), covering key regions such … Read the full press release

SSAB and Smith Stål Team Up to Bring Fossil-Free Steel to Norway’s Growing Green Market

(IN BRIEF) SSAB and Smith Stål have entered into a collaboration to bring fossil-free steel to the Norwegian market. Smith Stål, one of Norway’s leading steel distributors, will begin offering SSAB’s eco-friendly steel, including SSAB Zero™ and SSAB Fossil-free™ steel. … Read the full press release

Henkel and Panverta Revolutionize Sustainable Packaging with Enhanced Oxygen Barrier Technology

(IN BRIEF) Henkel Adhesive Technologies and Panverta CPP have collaborated to create sustainable packaging solutions for dry foods, improving oxygen barrier performance and reducing the number of packaging layers. By enhancing the oxygen barrier of metallized cast polypropylene (CPP) and … Read the full press release

Early Immune System Signals May Hold the Key to Diagnosing and Preventing Multiple Sclerosis

(IN BRIEF) Researchers from LMU have discovered that CD8-positive T cells, a type of immune cell, play a crucial role in the early stages of multiple sclerosis (MS). By studying identical twins, where one twin has MS and the other … Read the full press release

University of Helsinki Strengthens Research Ties with Yonsei University, Eyes Expanded Collaboration in South Korea

(IN BRIEF) The University of Helsinki has entered into a partnership with South Korea’s Yonsei University through a newly signed Memorandum of Understanding (MoU). This agreement aims to foster research collaboration and is a key step in Helsinki’s broader strategy … Read the full press release

Tvärminne Academy Enhances Cold-Water Scientific Diving with New Funding to Train Researchers

(IN BRIEF) The University of Helsinki’s Tvärminne Zoological Station operates the Finnish Scientific Diving Academy (FSDA), which specializes in training researchers to conduct scientific diving in extreme environments, such as polar regions impacted by climate change. The academy received an … Read the full press release

Alma Media Divests Majority Stake in Kotikokki Net Oy

(IN BRIEF) Alma Media has sold its 65% stake in Kotikokki Net Oy to Rohea Oy, which already owned a minority share of the company. The sale will be finalized on October 1, 2024. Kotikokki.net is a popular Finnish recipe-sharing … Read the full press release

Alma News Media Plans to Discontinue Print Titles and Shift Focus to Digital, Initiates Restructuring

(IN BRIEF) Alma News Media has announced plans to accelerate its digital growth strategy, which could lead to the discontinuation of three print publications: Kauppalehti Optio, Fakta, and Mediuutiset. As part of this shift, the company has initiated change negotiations … Read the full press release

MacGregor Secures Contract to Equip 12 Car and Truck Carriers for CIDO Shipping with Advanced Cargo Solutions

(IN BRIEF) MacGregor, a division of Cargotec, has secured a contract to supply cargo access equipment for 12 Pure Car and Truck Carriers (PCTCs) being built for CIDO Shipping at China Merchants Heavy Industry (Jiangsu) Co., Ltd. The deal includes … Read the full press release

Schmalz Unveils 2-in-1 VCBL-R and VCBL-N Vacuum Blocks for Flexible CNC Wood Processing

(IN BRIEF) Schmalz has introduced the VCBL-R and VCBL-N vacuum blocks, a versatile 2-in-1 solution for CNC wood processing. These vacuum blocks allow for quick setup on both nesting and grid tables, making them adaptable for a variety of woodworking … Read the full press release

Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes

(IN BRIEF) On 30 September 2024, Digi Communications N.V. announced the full redemption of its €450,000,000 Senior Secured Notes due in 2025, issued by its Romanian subsidiary, Digi Romania S.A. This follows a prior notice of redemption published on 16 … Read the full press release

QC Scanner MS 2920 Relaunch Brings Advanced Automation and Efficiency to Salmon Fillet Processing

(IN BRIEF) The newly upgraded QC Scanner MS 2920 is a cutting-edge solution for the salmon processing industry, offering enhanced precision, automation, and efficiency. The scanner provides real-time quality inspection of salmon fillets, identifying defects such as dark spots and … Read the full press release

Webuild’s Largest Tunnel Boring Machine Begins Salerno-Reggio Calabria Rail Project, Pioneering New Innovations in Sustainable Infrastructure

(IN BRIEF) Webuild has received its largest Tunnel Boring Machine (TBM) in Europe to work on the Salerno-Reggio Calabria High-Speed Rail Line. The 13-meter wide machine, equipped with 18 motors and 10 Megawatts of power, will excavate tunnels for Lot … Read the full press release

Vossloh Unveils Innovative Sustainable Rail Solutions at InnoTrans 2024, Targets €2 Billion Sales by 2030

(IN BRIEF) Vossloh presented its latest sustainable rail infrastructure solutions at InnoTrans 2024, showcasing products like CO2-reduced rail fastening systems, fully recyclable composite sleepers, and digital innovations on its connect platform. The company highlighted its commitment to supporting rail operators … Read the full press release

Sto Group Reaffirms Environmental Commitment with Global Participation in World Cleanup Day

(IN BRIEF) Sto Group once again participated in World Cleanup Day, an international initiative aimed at reducing global waste, on September 27, 2024. Employees from Sto’s global offices took part in local cleanup activities, collecting litter and various discarded items … Read the full press release

Michelin Unveils Alpin 7: A Cutting-Edge Winter Tire for Enhanced Safety and Efficiency

(IN BRIEF) Michelin has launched the MICHELIN Alpin 7, a new winter tire designed for enhanced safety and performance in snowy and cold conditions. The tire offers 6% better braking on snow and a 9% reduction in rolling resistance, improving … Read the full press release

RAF’s Typhoon Takes Flight with Next-Generation Radar, Enhancing Combat Capabilities

(IN BRIEF) The Royal Air Force’s Typhoon aircraft has taken a major step forward with the first test flight of the new European Common Radar System Mark 2 (ECRS Mk2). Developed by Leonardo UK and tested by BAE Systems, this … Read the full press release

Enel Group Champions Just Energy Transition and Climate Action at UN General Assembly and Climate Week

(IN BRIEF) The Enel Group participated in the 79th United Nations General Assembly and New York Climate Week, engaging in discussions on climate action, sustainable development, and a just energy transition. Key executives, including Nicolò Mardegan and Gianni Vittorio Armani, … Read the full press release

Deutsche Bank Recognized as Best FX Bank in Asia Pacific and Western Europe by Euromoney

(IN BRIEF) Deutsche Bank has been recognized as the best bank for foreign exchange (FX) services in both Asia Pacific and Western Europe by Euromoney. The award, part of Euromoney’s prestigious Foreign Exchange Survey, highlights Deutsche Bank’s ability to innovate … Read the full press release

Deutsche Bank Supports China’s €2 Billion Sovereign Bond Return to Euro Market

(IN BRIEF) Deutsche Bank has played a key role in helping China’s Ministry of Finance issue €2 billion in international sovereign bonds, marking China’s return to the euro bond market since 2021. The dual-tranche offering, which included three- and seven-year … Read the full press release

AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia

MOVIMIENTOS DE ACTIVOS EN UN ESFUERZO POR NO PAGAR A AT&T BAJO EXAMEN ANTE ACUSACIONES DE CONDUCTA FINANCIERA INAPROPIADA. (NOTICIA EN BREVE) Ricardo Benjamín Salinas Pliego, presidente de Grupo Elektra, enfrenta nuevas acusaciones por mover activos fuera de EE.UU. para … Read the full press release

BBVA and KKR Partner to Invest $200 Million in Global Climate Projects, Driving Low-Carbon Infrastructure

(IN BRIEF) BBVA has formed a strategic partnership with investment firm KKR, committing $200 million to support KKR’s Global Climate Strategy, which focuses on large-scale climate infrastructure projects like energy transition and electrification. The partnership, announced during Climate Week in … Read the full press release

Erste Group Boosts Compliance with Scila’s Advanced Trade Surveillance Technology

(IN BRIEF) Scila AB, a leader in trade surveillance and risk management technology, has announced that Erste Group, a major European financial institution, has successfully implemented Scila Surveillance. The cloud-based solution is designed to monitor global trading activities across multiple … Read the full press release

Fresenius Kabi and Formycon Receive European Approval for Ustekinumab Biosimilar FYB202

(IN BRIEF) Fresenius Kabi, in collaboration with Formycon, has received approval from the European Commission (EC) for FYB202, a biosimilar of ustekinumab (marketed as Stelara® by Johnson & Johnson). This biosimilar is approved for the treatment of serious inflammatory diseases. … Read the full press release

Wolters Kluwer Unveils CCH iFirm Validate: Revolutionizing Audits with Blockchain-Powered Validation

(IN BRIEF) Wolters Kluwer has launched CCH iFirm Validate, a new cloud-based module designed to enhance audit processes by using blockchain technology for secure and efficient bank confirmations and account verifications. This tool simplifies traditionally manual tasks, allowing auditors to … Read the full press release

Fresenius Kabi’s Ustekinumab Biosimilar Otulfi® Secures European Approval for Treating Inflammatory Diseases

(IN BRIEF) Fresenius Kabi, in partnership with Formycon AG, has received European Commission approval for Otulfi®, a biosimilar of ustekinumab. This new product, authorized for both subcutaneous and intravenous formulations, will treat inflammatory conditions such as Crohn’s disease, plaque psoriasis, … Read the full press release

Dürr Revolutionizes Battery Production with the Launch of GigaCoater™ for Faster, Cost-Efficient Coating

(IN BRIEF) Dürr has launched the GigaCoater™, a cutting-edge machine designed for simultaneous two-sided coating of battery electrodes. It offers faster speeds, larger substrate capabilities, and significant cost savings, enhancing both quality and efficiency in battery production. The GigaCoater™ expands … Read the full press release

HENSOLDT Celebrates 20 Years of Rapid Eurofighter Support with Technical Diagnostic Cell in Laage

(IN BRIEF) HENSOLDT’s Technical Diagnostic Cell (TDC) in Laage, Germany, celebrates 20 years of maintaining the German Air Force’s Eurofighter fleet. The TDC plays a vital role by offering on-site repairs for key radar and self-protection system components, minimizing aircraft … Read the full press release

Pharma Leaders Unite to Promote Ready-to-Use Packaging Solutions, Enhancing Safety and Efficiency

(IN BRIEF) SCHOTT Pharma, Gerresheimer, and Stevanato Group have formed the “Alliance for RTU” to promote the adoption of ready-to-use (RTU) vials and cartridges within the pharmaceutical industry. This strategic alliance aims to streamline pharmaceutical manufacturing, improve operational efficiency, and … Read the full press release

Scania and Fortescue to Develop Cutting-Edge Autonomous Road Train for Mining Efficiency

(IN BRIEF) Scania and Fortescue have partnered to develop an autonomous road train solution aimed at transforming the mining industry with increased efficiency and sustainability. The collaboration leverages Scania’s advanced truck automation technology and Fortescue’s mining expertise, focusing on reducing … Read the full press release

TotalEnergies Expands U.S. Gas Footprint with Eagle Ford Basin Acquisition

(IN BRIEF) TotalEnergies has acquired a 45% stake in gas-producing assets in Texas’ Eagle Ford Basin from Lewis Energy Group, further expanding its U.S. natural gas operations. This move strengthens TotalEnergies’ integration across the gas value chain and follows a … Read the full press release

Norway’s Northern Lights Facility: World’s First Cross-Border CO2 Storage Ready to Launch

(IN BRIEF) The Northern Lights CCS facility in Norway is now operational, becoming the world’s first cross-border CO2 transport and storage project. A joint venture between Equinor, Shell, and TotalEnergies, it is part of Norway’s Longship initiative and aims to … Read the full press release

Santander X Expands to Offer Free Training and Discounts for SMEs and Entrepreneurs

(IN BRIEF) Santander has expanded its Santander X platform for SMEs, startups, and entrepreneurs, offering free training and discounts on essential business services. The initiative aims to support companies in adapting to the challenges of the digital market. Registration is … Read the full press release

Prudential Strengthens Nigerian Market Position with Full Acquisition of Zenith Life

(IN BRIEF) Prudential plc is acquiring full ownership of Prudential Zenith Life Insurance in Nigeria, enhancing its position in the country and strengthening its bancassurance partnership with Zenith Bank. This move supports Prudential’s strategy to grow its presence in high-potential … Read the full press release

Prudential Partners with Bank Syariah Indonesia to Boost Syariah Insurance Growth in Key ASEAN Market

(IN BRIEF) Prudential has entered into a strategic partnership with Bank Syariah Indonesia (BSI), enabling the company to offer Syariah-compliant life insurance through BSI’s extensive network starting in 2025. This collaboration is seen as a key step for Prudential to … Read the full press release

RS Lease to Expand Fleet with Siemens Mobility’s Vectron Locomotives in New Agreement

(IN BRIEF) RS Lease has signed a framework agreement with Siemens Mobility to purchase up to 65 Vectron locomotives, with an immediate delivery of 30 units and an option for 35 more. These new Vectron Multi-System and Dual Mode locomotives … Read the full press release

NIB Invests €10 Million in Spar Nord Bank’s Green MREL-Eligible Bond to Boost Danish SME Financing

(IN BRIEF) The Nordic Investment Bank (NIB) has invested €10 million in a €250 million, 6-year Green MREL-eligible bond issued by Denmark’s Spar Nord Bank. This bond helps the bank meet EU regulatory requirements for loss absorption and capital recovery … Read the full press release

Brightsight Singapore Achieves EMVCo Accreditation, Boosting Payment Security Certification in Asia

(IN BRIEF) Brightsight, an SGS company, has received official recognition from EMVCo for its Singapore facility, making it an authorized laboratory for conducting EMV security evaluations on platforms and applications (ICC). This accreditation allows Brightsight to provide local and international … Read the full press release

Continental Named Among World’s Top Sustainable Companies, Sets Ambitious Carbon-Neutral Goals for 2050

(IN BRIEF) Continental has been recognized as one of the world’s most sustainable companies for 2024 by Time magazine and Statista, securing the 265th spot overall and ranking second among tire manufacturers. The recognition highlights Continental’s strong efforts in reducing … Read the full press release