Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Monza’s ‘VROOOM’ Trophies: A Fusion of Art and Speed at the 2024 Italian Grand Prix

(IN BRIEF) The 2024 Italian Grand Prix at Monza will feature unique trophies named “VROOOM,” designed by artist Andrea Sala to symbolize speed and power. These trophies, made from Valchromat and chromed aluminum, are part of Pirelli’s ongoing collaboration with … Read the full press release

SGS Selected as Official Reviewer for SIX Swiss Exchange’s New Climate Equity Flag, Boosting Corporate Transparency in Sustainability Efforts

(IN BRIEF) SGS has been approved by SIX Swiss Exchange as one of only two sustainability experts to act as official reviewers for the new ‘1.5°C Climate Equity’ flag. This flag allows Swiss-listed companies to demonstrate their commitment to limiting … Read the full press release

Harvest Partners with TA Associates and Montagu for European Expansion in FinTech Sector

(IN BRIEF) Harvest, a leading FinTech company in France, is entering a new growth phase after partnering with global private equity firms TA Associates and Montagu Private Equity. This new partnership comes after five years of successful growth under the … Read the full press release

Revolutionizing Post-Heart Surgery Care with AI: Virtual Assistant Enhances Patient Monitoring

(IN BRIEF) A Spanish hospital has successfully used an AI-powered virtual voice assistant, LOLA, to monitor patients after heart surgery, leading to early detection of complications and high patient satisfaction. This innovative approach has allowed for quicker hospital discharges and … Read the full press release

New Research Highlights the Impact of Urban Noise Pollution on Heart Health and Cardiovascular Risk

(IN BRIEF) Two European studies presented at the ESC Congress 2024 reveal the significant impact of urban noise pollution on cardiovascular health. The DECIBEL-MI study from Germany found that young heart attack patients had been exposed to higher levels of … Read the full press release

HYBRIT Initiative Achieves Breakthrough in Fossil-Free Steel Production, Paving the Way for Industrialization

(IN BRIEF) The HYBRIT initiative, a collaboration between SSAB, LKAB, and Vattenfall, has reported successful results from six years of research aimed at creating fossil-free iron and steel production. The project has demonstrated that using fossil-free hydrogen and electricity to … Read the full press release

BBVA Champions AI Innovation at Barcelona’s KDD Conference, Showcasing Financial Tech Leadership

(IN BRIEF) BBVA actively participated in the KDD (Knowledge Discovery and Data Mining) conference, held in Barcelona from August 25 to 29, 2024. The bank sponsored the event’s Finance Day, which focused on the applications of AI and machine learning … Read the full press release

GRAHAM Sets New Standard in Sustainability with Verified Emissions Data

(IN BRIEF) GRAHAM has secured external verification of its greenhouse gas (GHG) emissions data for the fourth consecutive year through the Achilles Carbon Reduce scheme, in line with ISO 14064-1:2018 standards. This verified data underpins the company’s net zero strategy, … Read the full press release

Rheinmetall Secures Major Contract for Advanced Emission Control Valves, Ensuring Long-Term Production

(IN BRIEF) Rheinmetall has won a significant contract to produce exhaust gas recirculation (EGR) valves for a major car manufacturer, valued in the low three-digit million euro range. The contract will run from January 2026 to December 2031, with Rheinmetall … Read the full press release

The Mobility House Restructures to Enhance Flexibility and Drive Zero-Emission Innovation

(IN BRIEF) The Mobility House has restructured into four specialized business units—The Mobility House Energy, Solutions, Charging, and North America—to better serve the evolving energy and mobility markets. This reorganization aims to enhance flexibility and support the company’s goal of … Read the full press release

Kapsch TrafficCom Leads Sustainability Efforts with Eco-Friendly On-Board Units

(IN BRIEF) Kapsch TrafficCom is enhancing sustainability with its TRP-4010 On-Board Unit (OBU) for toll collection, which has the smallest carbon footprint in its category. The company has introduced a refurbishment program that extends the lifecycle of these units, reducing … Read the full press release

Euronext and Nord Pool Unveil New Power Futures Market for Nordic and Baltic Regions

(IN BRIEF) Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market, named Euronext Nord Pool Power Futures. The market will be hosted on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. … Read the full press release

GIGA Storage and TenneT Launch Pioneering Time-Based Grid Contract to Boost Energy Efficiency

(IN BRIEF) GIGA Storage and TenneT have signed the first-ever time-based grid connection contract, allowing GIGA Storage’s 300 MW battery project, GIGA Leopard, to efficiently connect to the electricity grid in Delfzijl, Netherlands. This innovative contract, part of a national … Read the full press release

Energy Industry Embraces AI, But Digital Divide Grows Among Companies, DNV Survey Reveals

(IN BRIEF) A DNV survey reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The survey also highlights a growing divide between “Digital Leaders,” who are excelling in digitalization … Read the full press release

CIMIC Group Secures Key Contracts in Australia and India, Expanding Renewable Energy and Real Estate Footprint

(IN BRIEF) CIMIC Group has secured two significant contracts: one in Australia to build the second phase of the Western Downs Battery in Queensland for Neoen, featuring a 270 MW / 540 MWh Battery Energy Storage System, and another in … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares for €7.5 million as part of its ongoing €1 billion share buyback program. This brings the total repurchased shares to 25.7 million, with a cumulative spend of €720.5 million. The buyback … Read the full press release

Chubb Enhances Resilience Services with New Leadership Appointment

(IN BRIEF) Chubb has appointed Amelie Fava-Verde as Senior Vice President of North America Chubb Resilience Services, a new role focused on enhancing the company’s risk engineering and resilience capabilities. With over 20 years of experience in environmental risk and … Read the full press release

Schaeffler to Unveil Advanced Rail Technologies at InnoTrans 2024

(IN BRIEF) Schaeffler will showcase its latest rail transportation technologies at InnoTrans 2024 in Berlin, focusing on enhancing reliability, sustainability, and availability in rail systems. Highlights include the TAROL axlebox bearings, which are known for their durability and low maintenance … Read the full press release

Arkema Achieves ISCC PLUS Certification for Specialty Resins Facility in China, Expanding Sustainable Solutions in Asia

(IN BRIEF) Arkema has received ISCC PLUS certification for its Nansha production site in China, allowing the company to launch a new range of bio-attributed UV/LED/EB curable resins for the Asian market. This certification supports Arkema’s commitment to sustainability and … Read the full press release

BMW Group Plant Hams Hall Introduces SpOTTO the Robodog for Advanced Production Monitoring

(IN BRIEF) BMW Group Plant Hams Hall has introduced SpOTTO, an autonomous robodog developed by Boston Dynamics, to enhance production monitoring and data collection. SpOTTO, equipped with advanced sensors, plays a key role in maintaining the plant’s operations and contributing … Read the full press release

Wood Drives Carbon Capture and Storage Advancements on Norwegian Continental Shelf

(IN BRIEF) Wood is advancing three major carbon capture and storage (CCS) projects on the Norwegian Continental Shelf, capable of storing up to 21 million tonnes of CO2 annually—nearly half of Norway’s 2023 CO2 emissions. The company has completed essential … Read the full press release

TUM Expands Opportunities for Vocational Training, Supporting Cutting-Edge Research

(IN BRIEF) The Technical University of Munich (TUM) offers a variety of vocational training programs, allowing individuals to pursue impactful careers in science and technology without a traditional university degree. This year, 30 new apprentices are joining TUM, where they … Read the full press release

ZEISS Introduces Next-Generation 3D X-Ray Microscope with Enhanced Performance and User Accessibility

(IN BRIEF) ZEISS has launched the VersaXRM 730, a new 3D X-ray microscope that offers enhanced resolution, faster imaging, and improved user accessibility. The system features the award-winning ZEN navx control system, which simplifies operation for users of all skill … Read the full press release

MAN eTGX Secures Top Spot in First-Ever Electric Truck Comparison Test

(IN BRIEF) The MAN eTGX electric truck claimed first place in the world’s first major comparison test of heavy-duty electric trucks, conducted by the German magazine ‘Trucker’. It outperformed five competitors, earning praise for its low unladen weight, smooth driving … Read the full press release

MOL Group Announces Bold Strategy Update for a Sustainable and Self-Sufficient Future

(IN BRIEF) MOL Group has updated its long-term strategy, “SHAPE TOMORROW,” aiming for carbon neutrality by 2050. The plan includes over $4 billion in green investments by 2030, focusing on renewable energy, efficiency improvements, and waste management. The company also … Read the full press release

Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas

ASTOR ASSET MANAGEMENT 3 LTD INFORMA QUE RICARDO BENJAMIN SALINAS PLIEGO INCUMPLE EL PRÉSTAMO DE 110 MILLONES DE DÓLARES Y VIOLA NUEVAMENTE LAS REGULACIONES MEXICANAS DE VALORES (NOTICIA EN BREVE) Astor Asset Management 3 Ltd, una destacada institución financiera, ha … Read the full press release

Stora Enso Takes Swift Action Following Environmental Violation in Finland

(IN BRIEF) Stora Enso has initiated immediate actions following an environmental violation at one of its harvesting sites in Kainuu, Finland. The company has suspended all harvesting in sensitive areas until operational guidelines and risks are reassessed. Additionally, Stora Enso … Read the full press release

ETH Zurich and Hong Kong Researchers Achieve World’s First Remote-Controlled Magnetic Endoscopy

(IN BRIEF) Researchers from ETH Zurich and The Chinese University of Hong Kong have successfully performed the first remote-controlled magnetic endoscopy on a live pig, with the procedure being operated from Zurich while the animal was in Hong Kong. This … Read the full press release

SSIF Expands Fleet with Additional Stadler Narrow-Gauge Trains, Supported by EU Funding

(IN BRIEF) The Italian railway operator SSIF has ordered additional narrow-gauge trains from Stadler, bringing the total to four as part of a framework agreement supported by €35.7 million in European funding. These new trains will operate on the Domodossola-Locarno … Read the full press release

Henkel Unveils Sustainable Adhesives for Recycling at LabelExpo 2024

(IN BRIEF) Henkel Adhesive Technologies will showcase its sustainable pressure-sensitive adhesives at LabelExpo 2024 in Chicago. These adhesives, certified by the Tag and Label Manufacturers Institute (TLMI) as compatible with post-consumer recycling processes, highlight Henkel’s commitment to advancing sustainability in … Read the full press release

Metso Begins Talks on Temporary Layoffs Amid Low Demand in Aggregates Business

(IN BRIEF) Metso has initiated union negotiations regarding potential temporary layoffs of up to 90 days in its Aggregates business area in Finland. This decision comes in response to low demand, high inventory levels, and a decrease in orders at … Read the full press release

BBVA Champions LGTBIQ+ Inclusion Through Role Models and Global Initiatives

(IN BRIEF) BBVA is reinforcing its commitment to LGTBIQ+ inclusion by promoting the importance of role models and implementing various initiatives across its global operations. The bank has encouraged the use of preferred pronouns, introduced anti-harassment protocols, and earned recognition … Read the full press release

Apprentices at Empa Create Award-Winning Musical Tesla Coil

(IN BRIEF) Two apprentice physics laboratory technicians at Empa, Silvio Müller and Yanis Strüby, created a Tesla coil that not only generates lightning but also plays music. Their innovative project won both the jury and participant awards at the «Züri-Oberland» … Read the full press release

Norges Bank Advances Discussions with ECB to Integrate Norwegian Instant Payments into TIPS Platform

(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release

Adyen Appoints Tom Adams as New Chief Technology Officer to Drive Innovation and Growth

(IN BRIEF) Adyen has appointed Tom Adams as its new Chief Technology Officer (CTO), succeeding Alexander Matthey. Adams, formerly Head of Engineering at Cash App, will oversee the strategic and technological vision of Adyen’s unified platform. His appointment has been … Read the full press release

TOBEA and Siemens Revolutionize Beach Accessibility with SEATRAC System for People with Disabilities

(IN BRIEF) TOBEA and Siemens have partnered to create the SEATRAC system, an innovative solution that allows people with disabilities to independently access and enjoy the beach. The system, now installed on over 250 beaches worldwide, uses Siemens’ advanced technology … Read the full press release

Eni Gains Approval for Major Gas Projects in Indonesia, Establishing Northern Hub in Kutei Basin

(IN BRIEF) Eni has received approval from Indonesian authorities for the development of the Geng North, Gehem, and Gendalo&Gandang gas fields, which will lead to the creation of a new production hub, the Northern Hub, in the Kutei Basin, East … Read the full press release

Telefónica Strengthens Commitment to Brazil, Plans Continued Expansion in Key Market

(IN BRIEF) Telefónica’s Chairman, José María Álvarez-Pallete, met with Brazilian President Luiz Inácio Lula da Silva to reaffirm the company’s strong commitment to Brazil, one of its key markets. Telefónica, which leads the Brazilian telecommunications market through its Vivo brand … Read the full press release

Vodafone and 1&1 Partner to Expand 5G Access Across Germany with National Roaming Agreement

(IN BRIEF) Vodafone and 1&1 have entered into a long-term national roaming partnership in Germany, enabling 1&1 customers to access Vodafone’s 5G network in areas where 1&1’s own infrastructure is not yet available. This partnership ensures seamless 5G coverage for … Read the full press release

Energiekontor Secures New Wind Park Approvals, Expands Renewable Energy Portfolio in Europe

(IN BRIEF) Energiekontor AG has received building permits for three new wind parks in Lower Saxony, Germany, adding 116 megawatts to their renewable energy capacity. These projects, along with other wind and solar initiatives currently under development, are part of … Read the full press release