Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

James Hiatt Joins Savills to Strengthen Central London Investment Team in 2025

(IN BRIEF) Savills has announced the appointment of James Hiatt as a Director in its Central London Investment team, with Hiatt set to join in 2025 after a period of gardening leave. Hiatt, who brings over 17 years of experience … Read the full press release

Experian Report: Generative AI and Deepfakes Emerge as Top Fraud Threats, Exposing Gaps in Business Preparedness

(IN BRIEF) Experian’s 2024 U.S. Identity and Fraud Report highlights the growing concerns around generative AI, deepfakes, and cybercrime as major threats to businesses. Despite recognizing these risks, companies are underinvesting in advanced fraud prevention tools, leaving them vulnerable to … Read the full press release

Thales and LTTS Partner to Revolutionize Software Monetization with Sentinel Platform

(IN BRIEF) Thales and L&T Technology Services (LTTS) have expanded their long-standing partnership to enhance software monetization across various industries, including hi-tech, sustainability, and mobility. The collaboration will utilize Thales’s Sentinel software licensing platform, enabling LTTS’s customers to implement flexible … Read the full press release

Stora Enso and Enkei Collaborate on Sustainable Packaging Solution for Designer Lamps

(IN BRIEF) Stora Enso has partnered with Swedish startup Enkei to develop an innovative and sustainable packaging solution for Enkei’s designer table lamp, Reminder (001). The packaging, made from Stora Enso’s biodegradable and recyclable materials, Papira® foam and corrugated board, … Read the full press release

EQT Partners with Compass to Accelerate Global Expansion and Innovation in EdTech

(IN BRIEF) EQT, a global investment firm, has announced a strategic partnership with Compass, a leading K-12 education software company. The partnership aims to accelerate Compass’s growth, enhance its platform, and support its international expansion. With over 3,000 schools already … Read the full press release

EBRD and Raiffeisen Bank Provide €110 Million for Major Solar Projects to Boost Romania’s Green Energy Expansion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International have provided a €110 million financing package to build and operate two solar photovoltaic power plants in south-eastern Romania. These plants, with a combined capacity of … Read the full press release

European Investment Bank Re-enters USD SSA Markets with $5 Billion 5-Year Global Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has successfully re-entered the USD bond market with a new $5 billion 5-year Global benchmark bond, offering a 3.750% semi-annual coupon. This issuance, which brings EIB’s total USD issuance for the year to … Read the full press release

BASF Launches Inaugural Care 360° Sustainability Days to Drive Industry Collaboration on Net-Zero Goals

(IN BRIEF) BASF is launching its first Care 360° Sustainability Days, a virtual event from September 17-19, 2024, aimed at fostering collaboration with industry leaders in the Personal Care, Home Care, I&I, and Industrial Formulators sectors. The event will focus … Read the full press release

Carbon-Capturing Partnership: Borealis and Infinium Launch Low-Carbon Plastics Revolution

(IN BRIEF) Borealis and Infinium have formed a strategic partnership to produce low-carbon plastics using Infinium’s eNaphtha, a sustainable feedstock made from captured CO2 emissions. This collaboration aims to reduce the carbon footprint of polyolefins, a type of plastic widely … Read the full press release

Siemens Debuts Eco-Friendly Control Cabinets with 70% Lower CO₂ Emissions

(IN BRIEF) Siemens Smart Infrastructure has launched the SIVACON 8MF1, the first industrial control cabinets made entirely from green steel. Produced by Alpha Verteilertechnik in Germany, these cabinets are manufactured using 100% scrap metal and wind power, resulting in a … Read the full press release

Škoda Elroq Pioneers Eco-Friendly Interiors with Advanced Recycled Materials

(IN BRIEF) Škoda has unveiled its new Elroq vehicle, which emphasizes sustainability through the use of advanced, eco-friendly materials in its interior design. The Elroq incorporates innovative materials such as Recytitan, made from recycled PET and post-consumer clothing, and Technofil, … Read the full press release

Lightsource bp Strengthens German Solar Ambitions with Strategic Partnership

(IN BRIEF) Lightsource bp has partnered with German renewable energy developer Kajoni Energie GmbH to accelerate its growth in Germany by developing over 500MWp of solar projects within the next two to three years. This collaboration will focus on identifying … Read the full press release

Loughborough University Praised for Driving Economic Growth and Innovation in New Jobs Foundation Report

(IN BRIEF) A new report by the Jobs Foundation highlights Loughborough University’s significant contributions to the local economy through business creation, job growth, and regional development. The report showcases the University’s role in supporting innovation and entrepreneurship, particularly through its … Read the full press release

Future STEM Innovators Engage in Hands-On Learning at Empa’s 2024 Summer Camp

(IN BRIEF) The Empa Summer Camp 2024 in Zurich offered 24 children of Empa employees a week-long immersive experience in STEM education. The camp featured hands-on workshops in engineering and materials science, encouraging creativity and problem-solving. The program balanced scientific … Read the full press release

Garanti BBVA Mobile App Achieves Record Usage with 2.7 Billion Logins in H1 2024, Leading Türkiye’s Digital Banking Revolution

(IN BRIEF) Garanti BBVA Mobile, Türkiye’s leading private-sector banking app, saw over 2.7 billion logins in the first half of 2024, reflecting its rapid growth and widespread use among over 15.5 million active users. The app’s extensive features and user-friendly … Read the full press release

Nordic Investment Bank’s Chief Risk Officer Hilde Kjelsberg Announces Retirement After 18 Years of Service

(IN BRIEF) Hilde Kjelsberg, the Chief Risk Officer at the Nordic Investment Bank, will retire after nearly two decades of service. She has been instrumental in modernizing the bank’s risk and compliance functions. NIB has begun the process of finding … Read the full press release

EY and Databricks Earn Top Financial Services Partner Award for Second Year Running

(IN BRIEF) The EY-Databricks Alliance has been recognized for the second consecutive year as the 2024 Databricks Financial Services Partner of the Year. This award highlights the partnership’s success in delivering innovative data, analytics, and AI solutions to the financial … Read the full press release

My Kitchen Rules Continues to Dominate the Global Culinary Scene

(IN BRIEF) The popular Australian cooking show My Kitchen Rules continues to achieve global success, with strong international sales and new adaptations. Distributed by Banijay Rights, the show has secured long-term deals with major networks in countries like New Zealand, … Read the full press release

Australasia’s First Hydrogen Refueling Network Kicks Off in New Zealand with Support from SGS

(IN BRIEF) Hiringa Energy has launched the first hydrogen refueling station in New Zealand as part of a broader initiative to establish Australasia’s first hydrogen refueling network. This network, powered by renewable electricity, aims to support the transition to net-zero … Read the full press release

EQT Exeter Real Estate Income Trust Makes Strategic Acquisitions in Key U.S. Markets

(IN BRIEF) EQT Exeter Real Estate Income Trust (EQRT) has acquired two industrial properties in the U.S. for over $245 million, including a 1.2 million-square-foot facility in Middletown, Pennsylvania, and a 638,000-square-foot facility in Portland, Tennessee. Both properties, built last … Read the full press release

EQT AB Advances Share Buyback Strategy with Significant Repurchases, Strengthens Shareholder Value

(IN BRIEF) EQT AB has continued its share buyback program, repurchasing 371,231 of its own ordinary shares between August 12 and August 16, 2024, as part of a larger initiative to enhance shareholder value. The repurchases are part of a … Read the full press release

Industry Veteran Mauricio Viana to Spearhead Asset Integrity Management at ABL South America

(IN BRIEF) ABL Group has appointed Mauricio Viana as the new Asset Integrity Manager for South America, where he will enhance operational excellence across the region’s energy and marine sectors. With 15 years of experience in mechanical engineering and asset … Read the full press release

Port of Grimsby Showcases Modern Transformation Through Local Artist’s Exhibition

(IN BRIEF) The Port of Grimsby has launched its first artist-in-residence exhibition, featuring the work of local artist Dale Mackie. Over the past two years, Mackie has captured the port’s transformation from its historical fishing roots to its modern role … Read the full press release

EARNZ PLC Gears Up for Expansion with Strategic Acquisitions in Energy Sector

(IN BRIEF) EARNZ PLC is set to expand its presence in the energy services sector through the conditional acquisition of Cosgrove & Drew Limited and South West Heating Services Ltd. The company aims to leverage the global push for decarbonization … Read the full press release

Lindsay Goldberg Acquires Majority Stake in Golden State Foods, Strengthening Strategic Growth

(IN BRIEF) Lindsay Goldberg, a private equity firm specializing in family and founder-led businesses, has acquired a controlling interest in Golden State Foods (GSF), a major supplier in the foodservice and retail industries. The Wetterau family, who have been long-time … Read the full press release

The Climate Show Debuts in Seychelles, Engaging Youth in Regional Climate Action

(IN BRIEF) NIRAS, in partnership with the Indian Ocean Commission (IOC) and the European Union (EU), successfully launched “The Climate Show” in Seychelles, marking the first time this innovative climate awareness event has been brought to the Indian Ocean region. … Read the full press release

London’s Public Transport Network Cracks Down on Violence Against Staff: A New Campaign Sets the Tone

(IN BRIEF) Transport for London (TfL) has launched a new campaign to combat violence and aggression against its staff on the public transport network. The campaign highlights the serious consequences for offenders, including recent cases where individuals received significant prison … Read the full press release

Iberdrola’s Ekienea Solar Project Reaches Milestone in Basque Country’s Renewable Energy Efforts

(IN BRIEF) The Ekienea solar farm, the largest in the Basque Country, has achieved grid access, marking a significant milestone in the region’s renewable energy efforts. The 100 MW facility will nearly triple the Basque Country’s solar capacity, support local … Read the full press release

Rostock’s Renewable Energy Boom: A Model for Economic Revival in Eastern Germany

(IN BRIEF) Rostock and Mecklenburg-Western Pomerania are experiencing an economic revival driven by the growth of renewable energy, particularly wind power. The region’s transformation is creating jobs, revitalizing the local economy, and positioning Rostock as a key player in Europe’s … Read the full press release

Lindner’s Sustainable Design Shines in Scandinavia’s Largest Wooden Structure, ‘World of Volvo

(IN BRIEF) The “World of Volvo,” Scandinavia’s largest wooden building, has been completed in Gothenburg, showcasing Lindner Scandinavia’s expertise in sustainable construction. The project, which features innovative wooden facades and interiors, is a new architectural landmark designed to embody the … Read the full press release

Brenntag Strengthens Presence in Brazilian Life Science Market with Acquisition of PIC and PharmaSpecial

(IN BRIEF) Brenntag has expanded its presence in Brazil’s Life Science market with the acquisition of specialty chemicals distributors PIC and PharmaSpecial. The deal, which adds an Applications & Innovation Center and two laboratories to Brenntag’s network, will enhance its … Read the full press release

PUMA Recognized Among Europe’s Top Ten Climate Leaders by Financial Times

(IN BRIEF) PUMA has been recognized as one of Europe’s top ten Climate Leaders by the Financial Times, achieving its highest-ever ranking of eighth place. The company’s early achievement of its climate goals and new ambitious targets for 2030 highlight … Read the full press release

Alstom to Revitalize CrossCountry’s Voyager Fleet with Comprehensive Refurbishment

(IN BRIEF) Alstom has announced a £60 million refurbishment project for CrossCountry’s Voyager fleet, which will involve a complete interior and exterior overhaul at the company’s Derby facility. The project, funded by Beacon Rail, will enhance passenger comfort and sustainability … Read the full press release

voestalpine Expands U.S. Production to Meet Growing Demand from Global Truck Manufacturers

(IN BRIEF) voestalpine is expanding its Indiana facility by 15,000 square meters and doubling its production capacity to 80,000 tons, following major orders from global truck manufacturers. The EUR 70 million (USD 78 million) investment will create 110 new jobs … Read the full press release

Dr. Xu Dai Honored with Royal Academy Fellowship for Innovative Fire Engineering Research

(IN BRIEF) Dr. Xu Dai of the University of Liverpool has been awarded the prestigious RAEng/Leverhulme Trust Research Fellowship for his pioneering work in structural fire engineering. His research focuses on understanding and mitigating fire-induced structural collapses, with the goal … Read the full press release

University of Liverpool and MTC Strengthen Collaboration to Drive UK Manufacturing Innovation

(IN BRIEF) The University of Liverpool and the Manufacturing Technology Centre (MTC) have formalized their collaboration with a Memorandum of Understanding, aimed at expanding their joint research efforts in manufacturing innovation. Building on a history of successful partnerships, the two … Read the full press release

LEGO Group Encourages Fans to Sustain Play Through Brick Passing and Reuse

(IN BRIEF) The LEGO Group has launched the “Made to Be Played” campaign, urging fans to pass on their LEGO bricks to keep the play going across generations. The initiative is part of the company’s broader commitment to sustainability, which … Read the full press release

Deforestation Accelerates Climate Change Impact on African Montane Forests, Threatening Water Resources and Biodiversity

(IN BRIEF) A new study highlights the severe impact of deforestation on African montane forests, where the loss of tree cover has led to significant increases in temperature and cloud levels, threatening water resources and biodiversity. The research underscores the … Read the full press release

University of Warwick Unveils Promising New Materials as Sustainable Plastic Alternatives

(IN BRIEF) Researchers at the University of Warwick have identified new organic compounds that could replace conventional plastics, offering a sustainable solution amid growing environmental concerns. The study, led by Prof. Dr. ir. Stefan Bon, explores the potential of hydrophobic … Read the full press release

Glasgow’s New £12m Shipbuilding Academy to Shape the Future of Maritime Engineering

(IN BRIEF) A new £12 million Applied Shipbuilding Academy has opened in Glasgow, designed to train and develop the next generation of shipbuilders. Located at BAE Systems’ Scotstoun shipyard, the facility will provide hands-on training and lifelong learning opportunities for … Read the full press release