Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Airbus Launches Share Buyback Program to Support Employee Ownership and Compensation Plans

(IN BRIEF) Airbus SE has launched a share buyback program to acquire up to 4,254,000 shares by 31 March 2025, with the first phase targeting 2,127,000 shares by 31 October 2024. This buyback aims to support future employee share ownership … Read the full press release

5G Technology Transforms Viticulture in Germany’s Moselle Region

(IN BRIEF) The “Smart Vineyard” project in Germany’s Moselle Valley, supported by Deutsche Telekom’s 5G campus network, is modernizing traditional winemaking through automation and real-time data analysis. Using 5G-connected robots and AI, the project helps winemakers perform labor-intensive tasks such … Read the full press release

Eurojust to Engage the Public at Just Peace Open Day 2024 with Interactive Sessions and Presentations

(IN BRIEF) To celebrate the 125th anniversary of the first Hague Peace Conference, The Hague will host the Just Peace Open Day on 22 September 2024. Eurojust will participate at the House of Europe, offering the public a chance to … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release

EBRD Grants Mongolia’s First Sustainability-Linked Loan to Drive Green Initiatives at MCS Coca-Cola

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended its first sustainability-linked loan in Mongolia, providing US$ 51.7 million to MCS Coca-Cola, the country’s leading soft drink producer and distributor. This loan, supported by the FINTECC program … Read the full press release

EIB and LIFTT Unite in €100 Million Venture to Propel Italian Innovation and Sustainability

(IN BRIEF) The European Investment Bank (EIB) and venture capital firm LIFTT have announced a €100 million partnership to support innovation in Italy. Together, they will create LIFTT EuroInvest, a joint stock company aimed at making 20 to 30 equity … Read the full press release

Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud

ASTOR ASSET MANAGEMENT 3 LTD INVESTIGATES POTENTIAL LEGAL ACTION OVER ALLEGED STOCK PLEDGING AND MARKET MISCONDUCT (IN BRIEF) Astor Asset Management 3 Ltd is forming a class action lawsuit against Mr. Ricardo Benjamín Salinas Pliego and Grupo Elektra (ELEKTRA) for … Read the full press release

Iraq Enhances Army Aviation Capabilities with Major Airbus Helicopter Acquisition

(IN BRIEF) Iraq has awarded Airbus Helicopters a contract for 12 H225M helicopters, marking a significant upgrade to its Army Aviation fleet. The deal, signed in Baghdad by Defence Minister Thabet al-Abbassi and French Ambassador Patrick Durel, aims to replace … Read the full press release

UEA Jumps to Top 30 in The Mail University Guide 2025, Excelling in Research and Key Subjects

(IN BRIEF) The University of East Anglia (UEA) has climbed to 29th place in The Mail University Guide 2025, up from 31st last year. This ranking highlights UEA’s strong performance in research quality, where it ranked 17th. The guide’s unique … Read the full press release

Kering and West Bund Museum Celebrate Female Choreographers with Third Edition of Women In Motion Festival

(IN BRIEF) Kering and the West Bund Museum are hosting the 3rd edition of Women In Motion at West Bund on September 21-22, 2024, celebrating female choreographers from China and France. This year’s festival, themed “Body Matters,” focuses on the … Read the full press release

Schneider Electric Introduces AI-Enhanced Energy Management for Wiser Home App

(IN BRIEF) Schneider Electric has launched a new AI-powered feature for its Wiser Home app, enhancing energy management for homes. This feature optimizes the use of water heaters and electric vehicle chargers by learning from user habits, weather forecasts, and … Read the full press release

Millbay Docks Welcomes Enhanced Infrastructure as West Wharf Strengthening Project Concludes

(IN BRIEF) Associated British Ports (ABP) has completed the strengthening of the West Wharf at Millbay Docks in Plymouth, a key project funded by the UK Government through the Plymouth and South Devon Freeport seed capital programme. The upgrade, which … Read the full press release

La Banque Atlantique, la BEI et l’UE Lancent un Financement de 20 M€ pour Promouvoir l’Inclusion Financière au Sénégal

(IN BRIEF) La Banque Atlantique, en collaboration avec la BEI et l’UE, a lancé un financement de 13 milliards de francs CFA (environ 20 millions d’euros) pour soutenir des entreprises sénégalaises dans les secteurs informatique, agroalimentaire et santé. Cette initiative … Read the full press release

La Banque Agricole et la BEI, avec l’UE, Investissent 30 M€ pour Révolutionner l’Agriculture Durable au Sénégal

(IN BRIEF) Le 6 septembre 2024, la Banque Agricole (LBA) du Sénégal et la Banque européenne d’investissement (BEI), soutenues par l’Union européenne (UE), ont signé un accord pour un prêt de 30 millions d’euros. Ce financement vise à renforcer le … Read the full press release

Schaeffler Unveils E-Axle Repair Kit for Hyundai Ioniq, Redefining Electric Motor Maintenance

(IN BRIEF) Schaeffler Vehicle Lifetime Solutions has launched the E-Axle RepSystem-M repair kit for the first-generation Hyundai Ioniq’s e-axles, showcased at Automechanika Frankfurt. This kit allows for cost-effective replacement of defective bearings, previously requiring a full motor or axle replacement. … Read the full press release

Swedish Innovation Celebrated Through Enhanced Partnership with Tekniska Museet

(IN BRIEF) Ericsson has renewed its partnership with Tekniska Museet, Sweden’s National Museum of Science and Technology, to celebrate Swedish innovations. The museum, located on Stockholm’s Djurgården island, attracts around 400,000 visitors annually and houses over 55,000 artifacts, including many … Read the full press release

LANXESS Earns ICIS Innovation Award for Breakthrough in LFP Battery Materials

(IN BRIEF) LANXESS has won the ICIS Innovation Award 2024 for its development of high-quality iron oxides used in lithium iron phosphate (LFP) battery cathodes. This recognition underscores LANXESS’ role in advancing Western value chains for LFP technology. The company … Read the full press release

Innovative Collaboration: Nagarro and Topsoe Enhance SAP and Salesforce Solutions

(IN BRIEF) Topsoe, a leader in carbon emission reduction technologies, has celebrated a successful year-long partnership with Nagarro, a digital engineering and technology solutions provider. Nagarro has delivered exceptional support for Topsoe’s SAP applications and Salesforce services, enhancing the scalability … Read the full press release

Consumer Alert: Surge in Fake Website Scams Costing UK Shoppers Millions

(IN BRIEF) A recent report reveals a significant increase in online fraud involving fake websites, leading to an estimated £6.6 million in losses for UK shoppers. Scammers create counterfeit sites that mimic popular brands, luring consumers with fake discounts. Many … Read the full press release

Iberdrola’s Neoenergia Achieves Milestone with 1,000+ Women Trained at Electricians’ School in Brazil

(IN BRIEF) Iberdrola’s Brazilian subsidiary, Neoenergia, has successfully trained over 1,000 women through its Electricians’ School, a pioneering program recognized globally by WeEmpower and other international organizations. The milestone was celebrated with notable attendees including Brazil’s Minister of Mines and … Read the full press release

TÜV Rheinland Champions Green Innovation at ReThink HK 2024

(IN BRIEF) TÜV Rheinland is participating in ReThink HK 2024, showcasing its advanced sustainability solutions. At the event, the company will highlight its role in fostering a circular economy and promoting green technologies. Key activities include a workshop on integrating … Read the full press release

DNV Showcases Major Milestones in Ship Autonomy at SMM 2024

(IN BRIEF) At the SMM Trade Fair, DNV highlighted key advancements in ship autonomy. Ocean Infinity received a Statement of Compliance for its remotely supported vessel operations, becoming the first fleet to meet new technological standards. Avikus began testing its … Read the full press release

Innovative SolarFarmer Software Promises Enhanced Accuracy and Scalability for Solar Projects

(IN BRIEF) DNV has introduced SolarFarmer, a cutting-edge software designed to revolutionize solar project evaluations in the U.S. By completing six major due diligence projects totaling 1,195 MW, SolarFarmer has proven its ability to handle the expected surge in solar … Read the full press release

SEB Launches Exclusive Global Equity Fund with Montrusco Bolton Collaboration

(IN BRIEF) SEB Asset Management has launched the SEB Montrusco Bolton Global Equity Fund in partnership with Canadian firm Montrusco Bolton. This new actively managed fund offers SEB clients access to a concentrated portfolio of global stocks selected through detailed … Read the full press release

EIB Urges Boost in Green Investment at Polish Economic Forum, Surpasses €100 Billion in Green Bonds

(IN BRIEF) At Poland’s Economic Forum in Karpacz, the European Investment Bank (EIB) emphasized the importance of increasing investments and green financing. The EIB, led by Vice-President Teresa Czerwińska, contributed to a report by the Warsaw School of Economics focusing … Read the full press release

Landis+Gyr to Relocate Global Headquarters to Advanced Nuremberg Facility by 2027

(IN BRIEF) Landis+Gyr is moving its global headquarters for Thermal Energy & Water Metering Solutions to a new, advanced facility at the Marienberg Innovation Campus in Nuremberg, Germany. Set to open in late 2027, the state-of-the-art building will include Industry … Read the full press release

Transemel Maintains Excellence in Emissions Management with Third Consecutive HuellaChile Seal

(IN BRIEF) Transemel, a Chilean electric company owned by REN, has renewed the “HuellaChile” seal for the third year. This recognition, awarded by the Chilean Ministry of Environment, highlights Transemel’s ongoing efforts in managing greenhouse gas emissions. REN’s broader decarbonization … Read the full press release

Innovative AI Customer Care Solution Now Available on AWS Marketplace

(IN BRIEF) NAGRAVISION has introduced the NAGRA Insight Negotiation Agent on AWS Marketplace, an AI-powered customer care solution for telecom operators. This technology utilizes generative AI and digital twin models to enhance efficiency and reduce costs in call centers by … Read the full press release

NAGRAVISION and Evercast Join Forces to Introduce Forensic Watermarking in Video Collaboration

(IN BRIEF) NAGRAVISION and Evercast have teamed up to integrate NexGuard forensic watermarking into Evercast’s real-time video collaboration platform. This partnership marks the first use of forensic watermarking in online video collaboration, adding a studio-approved layer of security for remote … Read the full press release

Unilever Partners with Accenture to Pioneer New Benchmarks in Generative AI-Driven Efficiency

(IN BRIEF) Unilever and Accenture are enhancing their partnership to set a new benchmark in generative AI-driven productivity. Through a multi-year program, Unilever aims to build on its existing AI applications and leverage Accenture’s GenWizard platform to drive efficiencies, cost … Read the full press release

AFRY Partners in Revamping Sweden’s Historic Untra Hydropower Plant

(IN BRIEF) AFRY is collaborating with Fortum to modernize the Untra hydropower plant in Sweden, which has been in operation for over 100 years. The project involves replacing three of the plant’s five generators, which will increase its output from … Read the full press release

Krka Commemorates 70 Years of Innovation with a New Chapter in Sculpture

(IN BRIEF) Krka celebrated its 70th anniversary by unveiling a new book with an inscription alongside its “Girl with the Growing Book” sculpture. The new book’s inscription reflects the company’s commitment to ambitious ideas, professionalism, creativity, and courage. Slovenian President … Read the full press release

University of Bristol Research Highlights Risks of New Pesticide to Pollinators

(IN BRIEF) Research from the University of Bristol and the University of Texas at Austin has found that flupyradifurone, a new pesticide designed to replace banned neonicotinoids, poses significant risks to mason bees. The pesticide caused 100% mortality in exposed … Read the full press release

ZEISS SMT Expands Semiconductor Manufacturing Capabilities with Swiss Acquisition

(IN BRIEF) ZEISS Semiconductor Manufacturing Technology (SMT) is acquiring the Lithography division of Beyond Gravity, based in Zurich, Switzerland, and Coswig, Germany. This acquisition aims to boost ZEISS SMT’s production and research capabilities to meet rising global demand for semiconductor … Read the full press release

Logistics Network Strengthened: Maersk Expands U.S. Presence with New El Paso Facility

(IN BRIEF) Maersk has opened a new 402,000-square-foot warehouse in El Paso, Texas, to enhance cross-border logistics between the U.S. and Mexico. Located near the Ysleta-Zaragoza International Bridge, the facility features 73 dock doors, oversized cargo ramps, and 116 truck … Read the full press release

Ramboll Expands Health Sciences Expertise with Acquisition of SCC Scientific Consulting Company

(IN BRIEF) Ramboll has acquired SCC Scientific Consulting Company, enhancing its Health Sciences division. SCC, a leading European regulatory consultancy with expertise in agrochemicals, biocides, chemicals, and medical devices, brings 160 experts to Ramboll, expanding its team to over 340. … Read the full press release

Arianespace Completes Final Vega Launch with Successful Deployment of Sentinel-2C Satellite

(IN BRIEF) Arianespace successfully launched the Sentinel-2C satellite on September 4, 2024, marking the final flight of the Vega rocket. The Sentinel-2C, part of the European Copernicus Earth observation program, was deployed into a Sun-synchronous orbit to provide crucial environmental … Read the full press release

LMU Secures Six ERC Starting Grants for Innovative Early-Career Research

(IN BRIEF) Ludwig Maximilian University of Munich (LMU) has been awarded six prestigious Starting Grants from the European Research Council (ERC) to early-career researchers. Each grant, valued at approximately €1.5 million, supports projects across diverse fields including Geology, Quantum Physics, … Read the full press release

MEAU’s Anti-Shaming Campaign Gains Momentum with High School Visit and Expanded Educational Outreach

(IN BRIEF) Singer MEAU visited her former high school, Vechtstede College, to promote the “Piece of Me” campaign, which addresses online shaming and the unauthorized sharing of intimate images. This initiative, developed in collaboration with KPN, has reached over 60 … Read the full press release

MAHLE Unveils Innovative Energy Hub for Cyclists

(IN BRIEF) MAHLE SmartBike Systems has introduced a groundbreaking accessory, the Energy Hub, designed to enhance the eBike charging experience. This ultra-lightweight platform, weighing just 181 grams and measuring 90 millimeters in diameter, provides a streamlined solution for recharging the … Read the full press release