Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Volvo Group Expands North American Presence with $700M Manufacturing Plant in Monterrey

(IN BRIEF) Volvo Group has selected Monterrey, Mexico, as the site for its new heavy-duty truck manufacturing plant, aiming to enhance production capacity for Volvo and Mack trucks across North America, Mexico, and Latin America. The plant, which will be … Read the full press release

Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze

ASTOR ASSET MANAGEMENT BERICHTET ÜBER ZAHLUNGSAUSFALL VON RICARDO BENJAMIN SALINAS PLIEGO BEI EINEM DARLEHEN IN HÖHE VON 110 MIO. USD UND ERNEUTE VERLETZUNG DER MEXIKANISCHEN WERTPAPIERGESETZE (IN KÜRZE) Astor Asset Management 3 Ltd. berichtet, dass Ricardo Benjamin Salinas Pliego, ein … Read the full press release

Empa’s ‘Beyond Zero’ Initiative Paves the Way for CO2-Negative Buildings in the Construction Industry

(IN BRIEF) Empa has launched the “Mining the Atmosphere” initiative, aiming to transform buildings from CO2 emitters into carbon sinks. Through the NEST unit “Beyond Zero,” the project develops and tests innovative materials, such as carbon-based aggregates in concrete, that … Read the full press release

BBVA Sets the Benchmark for Innovation in Corporate Banking, Wins Top Honors from Global Finance

(IN BRIEF) BBVA has been recognized by Global Finance magazine as a leader in corporate banking, winning awards for Most Innovative Bank in Spain, Best Mobile Banking App, and Best Open Banking Strategy. The bank was praised for its innovative … Read the full press release

Hiab Unveils Groundbreaking Sustainable Load Handling Solutions at Elmia Lastbil Exhibition

(IN BRIEF) Hiab, a subsidiary of Cargotec, unveiled its latest sustainable load handling solutions at the Elmia Lastbil exhibition, the Nordic region’s largest transport event. Key highlights included the world premiere of the MULTILIFT eUltima, a hooklift designed for electric … Read the full press release

Guangdong Guanhao High-Tech Secures Independence in Pulp Production with New ANDRITZ Partnership

(IN BRIEF) ANDRITZ will supply a new 400,000-ton annual capacity chemi-mechanical pulp production line to Zhanjiang China Paper Co., Ltd., a subsidiary of Guangdong Guanhao High-Tech in China. This new line will reduce the company’s reliance on market pulp, enhancing … Read the full press release

Capgemini Revolutionizes America’s Cup Viewing with Real-Time Wind Visualization Technology

(IN BRIEF) Capgemini and America’s Cup Media have partnered to introduce WindSight IQ™, a state-of-the-art technology that will bring real-time wind visualization to the Louis Vuitton 37th America’s Cup broadcasts. This innovative tool leverages advanced LiDAR sensors and cutting-edge algorithms … Read the full press release

Accenture and AWS Launch Responsible AI Platform to Enhance Safe and Ethical AI Adoption

(IN BRIEF) Accenture and Amazon Web Services (AWS) have expanded their partnership to launch the Accenture Responsible AI Platform, designed to help organizations adopt and scale AI responsibly. This platform integrates AI governance, risk assessment, compliance monitoring, and other services, … Read the full press release

Nokia and TM Collaborate to Enhance Malaysia’s Optical Network, Driving AI and Hyperscaler Connectivity

(IN BRIEF) Nokia has partnered with TM (Telekom Malaysia) to enhance its international optical network using advanced DWDM technology. This upgrade will support the growing demand for high-speed, low-latency connectivity driven by hyperscalers and cloud-based services. The new network will … Read the full press release

University of Bristol’s Royal Fort Gardens Earns Ninth Green Flag Award for Excellence

(IN BRIEF) The University of Bristol’s Royal Fort Gardens has been awarded the prestigious Green Flag Award for the ninth consecutive year, recognizing it as one of the UK’s top green spaces. Managed by Keep Britain Tidy, this award highlights … Read the full press release

Alstom Advances UK’s Digital Rail Future with Successful ETCS Testing on Major Commuter Train

(IN BRIEF) Alstom has successfully completed dynamic testing of the European Train Control System (ETCS) on a key UK commuter train, marking a significant step towards digitalizing the East Coast Main Line. The testing was conducted on the Great Northern … Read the full press release

Leading Renewable Energy Partnership: Polat Enerji and ENERCON Expand Collaboration with New Wind Farm Projects

(IN BRIEF) Polat Enerji, a leading wind energy investor in Türkiye, has expanded its partnership with ENERCON by signing contracts to add 110.5 MW of capacity across three new wind farm projects. These projects, which include advanced wind turbines and … Read the full press release

LEGO and Nike Unite to Inspire Global Creativity and Play Through New Partnership

(IN BRIEF) The LEGO Group and Nike, Inc. have announced a multi-year partnership to unite creative play and sport, aiming to inspire children and families globally. This collaboration will launch in 2025, featuring co-branded products, experiences, and content that merge … Read the full press release

Stanford University’s Sarah Billington Shares Insights on Integrating Sustainability and Inclusivity in Academia

(IN BRIEF) Sarah Billington, a Senior Fellow at Stanford University’s Woods Institute for the Environment, emphasized the importance of integrating sustainability and inclusivity within academic institutions in her contribution to the global discourse series “One Topic, One Loop.” She highlighted … Read the full press release

Borussia Dortmund and RWE Unite for Landmark Sustainability Initiative at SIGNAL IDUNA PARK

(IN BRIEF) Borussia Dortmund and RWE have entered a six-year partnership to enhance sustainability at SIGNAL IDUNA PARK, Germany’s largest football stadium. The collaboration includes installing the largest photovoltaic (PV) system on a stadium roof in Germany, with over 9,500 … Read the full press release

Hiab Unveils Groundbreaking Electric Hooklift, Paving the Way for Sustainable Urban Logistics

(IN BRIEF) Hiab, part of Cargotec, has launched the MULTILIFT eULTIMA, the world’s first plug-and-play hooklift designed specifically for electric trucks. This innovative product integrates seamlessly with electric truck systems, offering silent operation and enhanced energy efficiency. The MULTILIFT eULTIMA … Read the full press release

Global Agribusiness Shifts Focus: Yara International Sells Ivory Coast Operations to Prioritize Strategic Growth in Africa

(IN BRIEF) Yara International ASA has announced the divestment of its fertilizer import and distribution subsidiary in Ivory Coast as part of a strategic shift to focus on high-potential markets in Africa. This move is aligned with Yara’s 2030 Africa … Read the full press release

New Milestone for New York’s Rail Infrastructure: Webuild’s Lane Secures $466 Million Contract for Palisades Tunnels Project

(IN BRIEF) Lane, the U.S. subsidiary of the Webuild Group, has secured a $466 million contract to construct two twin tunnels in New Jersey as part of the Hudson River Tunnel Project. These tunnels, which will enhance New York City’s … Read the full press release

ESET Uncovers NGate: New Android Malware Exploits NFC Data for ATM Theft

(IN BRIEF) ESET Research has uncovered a new Android malware called “NGate” that targets NFC (Near Field Communication) data to facilitate unauthorized ATM withdrawals. The malware deceives users into installing it through phishing attacks impersonating Czech banks. Once installed, NGate … Read the full press release

Siemens Unveils SICAM Enhanced Grid Sensor to Boost Power Grid Transparency and Efficiency

(IN BRIEF) Siemens has launched the SICAM Enhanced Grid Sensor (EGS), a new solution designed to provide full transparency and control over power distribution networks. Part of the Siemens Xcelerator portfolio, this advanced sensor enhances grid monitoring, optimizes maintenance, and … Read the full press release

Siemens Earns Top Spot in Building Decarbonization Consulting According to Verdantix Report

(IN BRIEF) Siemens has been recognized as a leader in building decarbonization consulting by Verdantix, an independent research firm, in their “Green Quadrant: Building Decarbonization Consulting 2024” report. The report highlights Siemens’ Building X platform, which is part of the … Read the full press release

Aegon Appoints Shawn C.D. Johnson as New CEO of Asset Management Division, Succeeding Bas NieuweWeme

(IN BRIEF) Aegon has appointed Shawn C.D. Johnson as the new CEO of Aegon Asset Management (Aegon AM), effective September 23, 2024. Johnson, who has extensive experience in asset management, including his recent role as CEO of AMP Capital, will … Read the full press release

A New Beginning for Chocolat: Rescued Chimp Finds Sanctuary at Monkey World with DHL Express’ Help

(IN BRIEF) Chocolat, a disabled chimpanzee rescued from the illegal bushmeat trade, has been successfully relocated from Kenya to Monkey World – Ape Rescue Centre in the UK, thanks to a collaboration between DHL Express and Monkey World. The chimpanzee, … Read the full press release

Vodafone’s NG-SOS App Achieves 4 Million Downloads, Revolutionizing Emergency Response Across Europe

(IN BRIEF) Vodafone Foundation’s NG-SOS app has reached a milestone of over 4 million downloads and has facilitated 200,000 emergency calls across Europe. The app, available in the Czech Republic, Hungary, Slovakia, and Austria, connects users directly to emergency services, … Read the full press release

FUSO Unveils Next Generation eCanter at GaLaBau 2024: Pioneering Electric Solutions for Horticulture and Landscaping

(IN BRIEF) FUSO, a subsidiary of Daimler Truck AG, is showcasing its latest electric vehicle models at GaLaBau 2024, an international trade fair focused on urban greenery and landscaping. The event will feature four Next Generation eCanter models, designed to … Read the full press release

DSV Strengthens Commitment to Sustainable Transport with Major Volvo Electric Truck Purchase

(IN BRIEF) DSV, a global logistics leader, has entered a significant agreement with Volvo Trucks to purchase 300 electric trucks, marking one of Volvo’s largest commercial orders for electric vehicles. This deal is a crucial step in DSV’s strategy to … Read the full press release

Intesa Sanpaolo Backs NZ$267 Million Green Financing for New Zealand’s Kōwhai Solar Park, Promoting Global Energy Transition

(IN BRIEF) Intesa Sanpaolo, along with a consortium of international banks, has committed NZ$267 million (approximately €150 million) in green financing to support the construction of the Kōwhai Solar Park in Christchurch, New Zealand. This solar park, a joint venture … Read the full press release

Ingka Group Invests in Advanced Automation at IKEA South Korea to Boost E-Commerce Fulfillment

(IN BRIEF) IKEA South Korea has implemented advanced automation systems at its Giheung store as part of a global initiative by the Ingka Group to enhance customer experience and operational efficiency. The €11 million investment in technology, including wireless-controlled robots … Read the full press release

Experian Forecasts £600M Sales Surge for UK Retail and Hospitality During August Bank Holiday, Weather-Dependent Boost Possible

(IN BRIEF) The August bank holiday is expected to bring a significant boost to the UK’s retail and hospitality sectors, with a forecasted 15% increase in sales, contributing an additional £600 million to the economy. This uplift is based on … Read the full press release

Mobile Payments Overtake Debit Cards and Cash as Top Payment Method in Switzerland, According to ZHAW and University of St.Gallen Report

(IN BRIEF) The latest Swiss Payment Monitor report reveals that mobile payments have become the most popular payment method in Switzerland, surpassing debit cards and cash for the first time. Mobile devices now account for 26.8% of all transactions, driven … Read the full press release

ProTecBird and Rheinmetall’s AI-Driven System Safeguards Red Kites Near Wind Turbines

(IN BRIEF) ProTecBird, a German AI technology company, in collaboration with Rheinmetall Electronics GmbH, has successfully demonstrated the effectiveness of their AVES Wind anti-collision system, designed to protect red kites and other protected bird species around wind turbines. The system … Read the full press release

Eurojust-Assisted Operation Leads to Capture of Fugitive Italian Crime Boss in Slovenia

(IN BRIEF) Italian and Slovenian authorities, supported by Eurojust, successfully arrested a fugitive Italian crime leader in Koper, Slovenia. The 40-year-old, who had been evading a 21-year prison sentence for various serious crimes including drug trafficking, extortion, and kidnapping, was … Read the full press release

EBRD and Partners Invest €10 Million to Fuel Expansion of Romanian Retailer La Cocos

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), along with private equity firms CEECAT Capital and Morphosis Capital, has made a significant investment in the Romanian discount food retailer La Cocos. The €10 million equity investment will help … Read the full press release

Scania Unveils the G38 Gearbox: A Powerful Partner for the 770 V8 Engine

(IN BRIEF) Scania has introduced its latest gearbox, the G38, specifically designed to complement its powerful 770 horsepower V8 engine. The G38 gearbox can handle up to 3,800 Nm of torque while maintaining the same weight and dimensions as its … Read the full press release

Wolters Kluwer Launches Innovative Tool to Bridge Nursing Education and Clinical Practice

(IN BRIEF) Wolters Kluwer Health has introduced Lippincott Client Cases for Clinical Judgment, a new learning tool designed to enhance nursing education by bridging the gap between academic learning and real-world clinical practice. The tool offers over 300 patient scenarios … Read the full press release

Humber Ports Reinforce Leadership in UK Seafood Imports, Show Significant Growth

(IN BRIEF) The Humber ports, including Grimsby, Immingham, and Hull, have solidified their position as the UK’s leading hub for seafood imports, handling 41.6% of the nation’s fish imports and showing a 10.5% growth year-on-year. Grimsby remains central to the … Read the full press release

ABP and px Group Unveil Clean Growth Hub at Port of Barry to Drive Low-Carbon Industrial Transformation

(IN BRIEF) Associated British Ports (ABP) and px Group have announced the launch of a Clean Growth Hub at the Port of Barry in South Wales. The initiative aims to transform over 100 acres of the port into a hub … Read the full press release

Iberdrola Strengthens Global Leadership in Sustainability with Continued FTSE4Good Index Inclusion

(IN BRIEF) Iberdrola has once again secured its place in the prestigious FTSE4Good index, highlighting its commitment to sustainability and responsible business practices. The company, led by Ignacio Galán, has maintained its position in the index since 2009, demonstrating strong … Read the full press release

VINCI Energies Expands Cybersecurity Capabilities with Acquisition of Fernao Group

(IN BRIEF) VINCI Energies has acquired Fernao Group, a leading cybersecurity services provider in Germany and Switzerland. This strategic move will enhance VINCI Energies’ Axians brand by expanding its expertise in cybersecurity, IT services, and cloud solutions. Fernao Group, with … Read the full press release

Switzerland Embraces Instant Payments Across Financial Institutions

(IN BRIEF) Switzerland launched instant payments on 20 August 2024, with around 60 financial institutions now able to process these transactions, covering over 95% of Swiss retail payments. Instant payments allow for immediate account-to-account transfers, 24/7, offering significant benefits such … Read the full press release