Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

VTTI Raises $1.7 Billion to Drive Growth and Sustainability Initiatives by 2028

(IN BRIEF) VTTI has secured $1.7 billion in financing through a mix of US Private Placement Notes, Bank Term Loans, and a Revolving Credit Facility to support its growth and sustainability goals. This refinancing will help VTTI diversify its capital … Read the full press release

Scania Launches ProDriver: A Digital Coaching Service Created for Drivers, by Drivers

(IN BRIEF) Scania has introduced ProDriver, a digital coaching service designed to help professional drivers improve fuel efficiency and adopt sustainable driving habits. The service, which offers potential fuel savings of up to 5%, is accessible via the Scania Driver … Read the full press release

Scania Launches Modular Service Portfolio Across Europe, Enhancing Fleet Support for International Operators

(IN BRIEF) Scania has introduced a new modular service portfolio, Services 360, which allows fleet owners across Europe to access consistent, customized service solutions. This initiative caters to the growing needs of international customers with vehicles operating across borders. The … Read the full press release

ING Accelerates Climate Action with Focus on Client Engagement and Sustainable Financing

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING’s 2024 Climate Progress Update outlines the bank’s enhanced efforts to help clients transition to a low-carbon economy. The report highlights ING’s Terra approach, which focuses on guiding carbon-intensive sectors toward climate goals. ING assessed the sustainability disclosures … Read the full press release

TotalEnergies Extends LNG Supply Agreement with CNOOC, Strengthening Chinese Market Position Until 2034

(IN BRIEF) TotalEnergies has extended its sales and purchase agreement with China’s CNOOC for an additional five years, committing to supply 1.25 million tons of liquefied natural gas (LNG) per year until 2034. This move enhances TotalEnergies’ long-term presence in … Read the full press release

Barclays Cuts Interest Rates on Green Loans to Help UK Farmers Transition to Net Zero

(IN BRIEF) Barclays has reduced interest rates on four of its Green Loans for Business to support UK agriculture and SMEs in their efforts to reduce emissions and enhance biodiversity. This move is part of Barclays’ commitment to financing the … Read the full press release

Global Postal Industry Marks 40% Emissions Reduction on Green Postal Day, Sets Ambitious 2030 Targets

(IN BRIEF) On Green Postal Day 2024, postal companies worldwide celebrated a 40% reduction in CO2 emissions since 2008. These companies are working towards further lowering emissions by 50% by 2030, with a focus on using renewable energy and sustainable … Read the full press release

HSBC Deploys Quantum-Secure Technology to Protect Tokenised Gold from Future Cyber Threats

(IN BRIEF) HSBC has successfully piloted quantum-secure technology to protect tokenised physical gold from future cyber threats posed by quantum computing. The bank partnered with Quantinuum to use post-quantum cryptography (PQC) and Quantum Origin technology, safeguarding HSBC’s gold tokens against … Read the full press release

Deutsche Bank Taps Raffael Gasser to Lead Wealth Management & Private Banking in Germany

(IN BRIEF) Deutsche Bank has appointed Raffael Gasser as the new Head of Wealth Management & Private Banking in Germany, starting November 1, 2024. Gasser, who brings extensive experience from UBS and Credit Suisse, will oversee services for affluent and … Read the full press release

Basilea Secures USD 268 Million Agreement with BARDA to Develop Novel Antifungal and Antibacterial Treatments

(IN BRIEF) Basilea Pharmaceutica has entered into a multi-year agreement with the Biomedical Advanced Research and Development Authority (BARDA) to support the development of novel antifungal and antibacterial treatments. The agreement provides an initial USD 29 million, with the potential … Read the full press release

Dutch Water Crisis: University of Twente Professor Urges Investment in Innovative Technologies to Secure Clean Water Future

(IN BRIEF) Professor Wiebe de Vos of the University of Twente has highlighted the urgent need to invest in innovative water technologies to address the Netherlands’ growing water crisis. Despite having some of the world’s best drinking water, the country’s … Read the full press release

UniCredit Bank Austria Launches Emergency Flood Aid Package for Immediate Financial Relief

(IN BRIEF) In response to the severe flooding in Austria, UniCredit Bank Austria has introduced an emergency aid package to support affected individuals and businesses. The package offers fast, unbureaucratic financing with up to €50,000 in overdraft facilities at a … Read the full press release

MAN Unveils 2025 Lion with New PowerLion Drivetrain for Greater Efficiency and Comfort

(IN BRIEF) At the IAA Transportation 2024, MAN Truck & Bus unveiled the 2025 model of the MAN Lion, featuring improved fuel efficiency, lower CO2 emissions, and enhanced driver comfort. The new PowerLion drivetrain, including the D30 engine and TipMatic … Read the full press release

University of Glasgow Scientists Break New Ground with High-Energy Quantum Entanglement at CERN

(IN BRIEF) Researchers from the University of Glasgow, working with the ATLAS experiment at CERN’s Large Hadron Collider (LHC), have made a groundbreaking discovery by observing quantum entanglement between top quarks at the highest energies ever studied. This is the … Read the full press release

EIB and SGEF Poland Join Forces with €200 Million Financing for SMEs and Climate Action

(IN BRIEF) The European Investment Bank (EIB) is providing €100 million to SG Equipment Leasing Polska (SGEF Poland) to support Polish SMEs, with SGEF Poland expected to generate €200 million in total financing. At least 20% of the funds will … Read the full press release

Mark Davis Appointed New Managing Director of EBRD’s Southern and Eastern Mediterranean Region

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the new Managing Director for the Southern and Eastern Mediterranean (SEMED) region, starting October 1, 2024. Davis, who has 28 years of experience in international … Read the full press release

EIB Approves €5.3 Billion for Climate Resilience, Urban Innovation, and Business Growth

(IN BRIEF) The European Investment Bank (EIB) has approved €5.3 billion in new funding to enhance climate resilience, urban development, and business innovation across Europe and beyond. The investments include €3.5 billion for smart city projects and sustainable infrastructure, €1.4 … Read the full press release

SSAB and Meka Pro Oy Partner to Produce Sustainable Cable Management Systems with Fossil-Free Steel

(IN BRIEF) SSAB and Meka Pro Oy have signed an agreement for the supply of fossil-free steel to be used in manufacturing cable management systems, such as cable ladders and trays. Starting in 2026, Meka Pro Oy will receive low-emission … Read the full press release

SSAB Partners with Trelleborg to Supply Fossil-Free Steel for Noise-Reducing Brake Pads in Electric Vehicles

(IN BRIEF) SSAB has entered into an agreement with Trelleborg Sealing Solutions Kalmar AB to supply fossil-free steel for the production of brake pad shims, crucial in reducing noise, especially in electric vehicles. This partnership responds to the increasing demand … Read the full press release

Professor Bruce Drinkwater Honored with Fellowship for Groundbreaking Ultrasonics Research

(IN BRIEF) Professor Bruce Drinkwater from the University of Bristol has been awarded a prestigious Fellowship from the Royal Academy of Engineering for his pioneering work in ultrasonics, including the invention of the first ultrasonic tractor beam. His research has … Read the full press release

AI to Revolutionize Pancreatic Cancer Detection: TU/e Researchers Lead the Charge

(IN BRIEF) Researchers at Eindhoven University of Technology (TU/e) are developing AI-based solutions to improve the detection and treatment of pancreatic cancer, a highly deadly form of cancer. EngD candidate Victoria Bruno and PhD candidate Terese Hellström are collaborating with … Read the full press release

Stellantis Drives Manufacturing Innovation with AI and Sustainable Solutions at Factory Booster Day

(IN BRIEF) Stellantis is advancing its manufacturing processes through AI-driven innovations and sustainable solutions, as showcased at its ninth annual Factory Booster Day on September 18, 2024, in Turin, Italy. The event featured over 60 partners and 93 new technologies … Read the full press release

Strøm Gundersen Vestfold Secures NOK 122M Contract for New Apartment Building in Sandefjord

(IN BRIEF) Strøm Gundersen Vestfold, part of AF Gruppen, has secured a contract with Boligbyggelaget USBL AS to construct the Møllers Gate apartment building in Sandefjord. The project, valued at NOK 122 million (excluding VAT), involves the design, demolition, and … Read the full press release

Stora Enso’s New Timber Office in Helsinki Sets Benchmark for Sustainable Architecture

(IN BRIEF) Stora Enso has opened its new head office, Katajanokan Laituri, in Helsinki, the largest mass timber building in Finland. The four-storey structure, also housing the Solo Sokos Hotel Pier 4, showcases sustainable, low-carbon construction. Built with prefabricated wood … Read the full press release

GKN Aerospace Receives Silver Medal for Sustainability from EcoVadis

(IN BRIEF) GKN Aerospace has earned a Silver Medal from EcoVadis, a global leader in business sustainability assessments, after a thorough evaluation of its sustainability practices. The company scored 70, placing it in the top 92nd percentile among companies assessed … Read the full press release

Skanska to Build New Research and Teaching Facility for University of North Texas in $87M Project

(IN BRIEF) Skanska has signed an $87 million contract with the University of North Texas to build a new research and teaching facility on the university’s Denton campus. The 10,300 square-meter building will support interdisciplinary research in fields like biology, … Read the full press release

EIB and BNZ Join Forces to Expand Solar Energy in Southern Europe with €166 Million Green Loan

(IN BRIEF) The European Investment Bank (EIB) and BNZ have signed a €166 million loan to support the construction of 17 new solar photovoltaic plants in Spain, Italy, and Portugal, as part of a larger €500 million initiative. These plants … Read the full press release

Revolutionizing Healthcare Logistics: Medtronic and Kuehne+Nagel Open Cutting-Edge Fulfilment Center in Canada

(IN BRIEF) Kuehne+Nagel, in partnership with Medtronic, has opened a new temperature-controlled healthcare fulfilment centre in Milton, Ontario. This 25,000 square meter facility will serve as a distribution hub for Medtronic’s medical devices and therapies, supporting hospitals and healthcare institutions … Read the full press release