Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Coventry City Council and E.ON Launch Pioneering 15-Year Partnership to Boost Carbon Reduction and Local Economy

(IN BRIEF) Coventry City Council has embarked on a unique 15-year partnership with E.ON, designating the energy company as the city’s Strategic Energy Partner. This groundbreaking initiative aims to revolutionize energy usage in Coventry by prioritizing diversity, equity, and inclusion … Read the full press release

DHL and Formula 1® Biofuel Trucks Slash Carbon Emissions by 83% During European Leg of 2023 Championship

(IN BRIEF) DHL and Formula 1® have achieved an impressive 83% reduction in carbon emissions during the European leg of the 2023 FIA Formula One World Championship by using a new fleet of trucks powered by HVO100 biofuel. These trucks, … Read the full press release

Vodafone and AST SpaceMobile Make History with First Space-Based 5G Voice Call

(IN BRIEF) Vodafone and AST SpaceMobile have achieved a groundbreaking milestone by completing the world’s first space-based 5G voice call. The successful call was made from Hawaii to a Vodafone engineer in Spain using a standard Samsung Galaxy S22 smartphone … Read the full press release

Telekom and RTL Deutschland Launch “5G Live Video Production” Service

(IN BRIEF) Telekom and RTL Deutschland have introduced the “5G Live Video Production” service, which enables stable broadcasting for live events using 5G standalone and network slicing technologies. This service allows TV teams to transmit live HD video streams reliably … Read the full press release

ING Completes Share Buyback Program by Repurchasing 2.3 Million Shares

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

(IN BRIEF) ING has announced the completion of its €1.5 billion share buyback program, which was launched on May 11, 2023. During the week of September 11 to September 15, 2023, the bank repurchased 2,315,477 shares at an average price … Read the full press release

Siemens Partners with Monta to Expand Electric Vehicle Charging Infrastructure in Europe

(IN BRIEF) Siemens has entered into a partnership with Monta, an electric vehicle (EV) charging platform provider, to enhance the development of charging infrastructure across Europe. Siemens will utilize Monta’s Charge Point Management System (CPMS) to manage its own EV … Read the full press release

Siemens and DMG MORI Introduce Industry-Defining Digital Twin for Machine Tool Processing

(IN BRIEF) Siemens and DMG MORI have launched an industry-defining digital twin for machine tool processing on the Siemens Xcelerator Marketplace. This digital twin, based on the Digital Native CNC Sinumerik One, includes a replica of the control system, machine … Read the full press release

Siemens and DMG MORI Unveil End-to-End Digital Twin for Machine Tool Machining

(IN BRIEF) Siemens and DMG MORI have introduced an end-to-end digital twin for machine tool machining on Siemens Xcelerator. This digital twin includes a replica of the controller, a customer-specific DMG MORI machine tool, and the workpiece. The technology allows … Read the full press release

BBVA Launches Game-Changing API Connectivity for Treasury Solutions

(IN BRIEF) BBVA has introduced new API connectivity for its treasury solutions, significantly reducing integration times for BBVA Pivot Connect by 80 percent. The initial set of APIs available on BBVA Pivot allows companies to manage supplier payments, track international … Read the full press release

Environmental Threat Looms Over Central Asia’s Fertile Fergana Valley Due to Uranium Legacy

(IN BRIEF) The Fergana Valley, a crucial agricultural region in Central Asia, faces a looming environmental crisis resulting from decades-old uranium mining activities. The aftermath of Soviet-era uranium mining, marked by abandoned mines, open tunnels, and improperly managed waste dumps, … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

European Investment Fund Backs Croatian Innovation with CVCi 2 Funding

(IN BRIEF) The European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of Croatia have announced a funding agreement for the Croatian Venture Capital Initiative 2 (CVCi 2). This program builds on the success of the … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

European Property Developer CTP Invests €200 Million in Solar Expansion with EIB Backing

(IN BRIEF) CTP, Europe’s major industrial property developer, secures €200 million in financing from the European Investment Bank (EIB) to fund extensive solar panel installations across its European business parks. The funding aligns with the EIB’s REPowerEU initiative to reduce … Read the full press release

BioNTech and CEPI Join Forces to Develop mRNA-Based Vaccine for mpox Prevention

(IN BRIEF) BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) have entered into a strategic partnership to develop an mRNA-based vaccine, BNT166, for the prevention of mpox (formerly monkeypox), an infectious disease that can have severe and life-threatening complications. … Read the full press release

EIB and UN Agencies Team Up to Drive Climate and Social Projects Worldwide

(IN BRIEF) The European Investment Bank (EIB) and five United Nations (UN) institutions have signed an agreement to enhance their collaboration on projects aimed at achieving Sustainable Development Goals. This agreement allows the EIB to directly finance technical assistance and … Read the full press release

Saab Extends Framework Agreement with U.S. Department of Defense for Close Combat Solutions

(IN BRIEF) Saab has announced an extension of its Indefinite Delivery, Indefinite Quantity (IDIQ) framework agreement with the U.S. Department of Defense (DoD). This extension allows the DoD to place orders for Saab’s close combat solutions worth up to an … Read the full press release

SEB Announces Date for Annual General Meeting in 2024 and Composition of Nomination Committee

(IN BRIEF) Skandinaviska Enskilda Banken AB (SEB) has scheduled its Annual General Meeting for March 19, 2024. The bank’s Nomination Committee, responsible for proposing Directors and related matters, consists of members appointed by major shareholders, including Petra Hedengran (Investor) as … Read the full press release

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release

TotalEnergies Provides Urgent Relief to Flood-Affected Libya

(IN BRIEF) In response to the devastating floods in Libya’s Derna region, TotalEnergies has swiftly stepped in to provide critical assistance. The company has deployed both ground and air resources, sending nearly 50 tons of essential supplies, including medical items, … Read the full press release