(IN BRIEF) The European Investment Bank (EIB) has agreed to provide a €60 million loan to Administração dos Portos do Douro, Leixões e Viana Do Castelo, S.A. (APDL) to fund enhancements in maritime accessibility at the Port of Leixões. This … Read the full press release
(IN BRIEF) Peru’s cocoa industry, experiencing rapid growth in exports, faces the challenge of complying with new European Union regulations aimed at reducing deforestation in agricultural commodities. Solidaridad, in collaboration with partner organizations and the Peruvian government, is coordinating efforts … Read the full press release
(IN BRIEF) Evonik Industries has successfully relocated and expanded its precious metal powder catalyst plant in the Shanghai Chemical Industrial Park (SCIP). Production at the new facility is set to commence in the fourth quarter of 2023. The expanded plant … Read the full press release
(IN BRIEF) The ORLEN Group has chosen Budimex as the contractor for the onshore portion of its installation terminal, designed to support offshore wind farms. Construction is set to commence in October and is expected to conclude by late 2024 … Read the full press release
(IN BRIEF) Rheinmetall has fulfilled its contract to provide Ukraine with a cutting-edge mobile field hospital, following an agreement with the German Ministry of Defence in September 2022. Valued at approximately €9 million, this state-of-the-art hospital consists of 32 beds, … Read the full press release
Posted in Business, Defence, Financial, Germany, Healthcare, Industrial, Investment, Management, News, Technology, Transportation & Logistics, Ukraine
Tagged Hauke Bindzus, Mobile Field Hospital, Rheinmetall, UKRAINE
(IN BRIEF) Eurex, a leading derivatives exchange, has garnered significant interest in its Short-Term Interest Rate (STIR) Partnership Program extension. As of now, 18 participants from the U.S., U.K., and Continental Europe have registered for the program. This expansion aims … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News
Tagged Deutsche Börse, Eurex, expansion, Financial, Matthias Graulich, partnership, STIR
(IN BRIEF) Solaris, a major player in hydrogen-based zero-emission transport solutions in Europe, has secured significant contracts to supply hydrogen buses to Bologna and Venice in Italy, as well as Cologne in Germany. These contracts, totaling approximately €150 million, highlight … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Italy, Management, News, Spain, Transportation & Logistics
Tagged Bologna, CAF, Cologne, hydrogen buses, partnership, Solaris, sustainability, Venice
(IN BRIEF) Coface’s latest survey on corporate payment experience in Germany indicates a return to normalcy in payment trends after the disruptions caused by the COVID-19 pandemic and the war in Ukraine. In 2023, more companies offered payment terms, resembling … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Germany, Industrial, Insurance, Investment, Management, News
Tagged COFACE, Financial, German companies, investment, Payment Trends
(IN BRIEF) Seadrill Limited has initiated a share repurchase program, previously authorized by its Board of Directors, allowing the company to repurchase up to $250 million worth of its common shares. The program, which has no specified time limit, involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Financial, investment, Seadrill
(IN BRIEF) Neste, a leading energy company, has reported an improved outlook for its Oil Products segment’s margin in the third quarter of 2023. Despite the ongoing volatility in oil markets, margins for diesel and gasoline in Northwest Europe have … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged expansion, Financial, Neste, oil products, refinery, Singapore, Susanna Sieppi
(IN BRIEF) Italy’s Ministry of the Environment and Energy Security has granted authorization for the Tyrrhenian Link, a transformative project by Terna connecting Sardinia, Sicily, and Campania via a direct current submarine power line. This crucial development, part of Italy’s … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Campania, clean energy, Gilberto Pichetto Fratin, Giuseppina Di Foggia, infrastructure, Italy, partnership, Sardinia, Sicily, sustainability, Terna, Tyrrhenian Link
(IN BRIEF) Nordic Investment Bank (NIB) has issued a SEK 2 billion Environmental Bond (NEB), marking its commitment to sustainability. This is NIB’s second NEB this year, following a EUR 500 million issuance in January. The funds raised will support … Read the full press release
(IN BRIEF) On Monday, BBVA initiated the issuance of a $750 million contingent convertible (CoCo) bond in dollars, registered under the U.S. Securities and Exchange Commission (SEC). This CoCo bond, with a six-year amortization option, carries an initial price of … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Spain
Tagged BBVA, CoCo bond, Contingent Convertible Bond, Financial
(IN BRIEF) Eurex, the prominent European derivatives exchange under Deutsche Börse Group, welcomes Goldman Sachs as a new member in its listed FX Futures business. Goldman Sachs, a major player in global FX markets, will serve as both a trading … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News
Tagged Deutsche Börse, Eurex, FX business, Goldman Sachs, Jens Quiram, Joseph Nehorai, partnership
(IN BRIEF) A team led by current students and recent graduates has created Nestwork, a new platform that leverages peer-to-peer learning to help students find and secure their ideal careers. The platform simplifies career discovery through technology while supporting university … Read the full press release
Posted in Business, Education, Financial, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Amanda Berry, Career Discovery Platform, Flynn Duggan, Grant Thornton, GSK, investment, job, Loughborough Careers Network, Loughborough University, Nestwork, partnership, Peer-to-Peer, PoborEruesegbefe, Samsung, Samuel Ola, Sky, Som E-Agwuegbo
(IN BRIEF) Swiss Re is emphasizing the importance of enhanced underwriting data, improved modeling, and rebalancing the insurance value chain to ensure the sustainability of the reinsurance market. As the demand for re/insurance protection increases in a volatile environment, Swiss … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Gianfranco Lot, Moses Ojeisekhoba, Reinsurance Market, sustainability, Swiss Re, Urs Baertschi
(IN BRIEF) The German government has awarded Rheinmetall a contract to deliver an additional 40 Marder infantry fighting vehicles (IFVs) to Ukraine. The order, placed in August 2023, is valued at a high double-digit million-euro sum. Rheinmetall is actively refurbishing … Read the full press release
(IN BRIEF) DNV, the independent energy expert and assurance provider, has secured a contract from the joint ventures of Equinor and Polenergia S.A., MFW Bałtyk II sp. z o.o. and MFW Bałtyk III sp. z o.o., to certify the Baltyk … Read the full press release
(IN BRIEF) The latest NatWest Regional PMI® survey for August has revealed a widespread decline in business activity across the UK due to weakening demand for goods and services. Of the 12 monitored regions and nations, only Wales and London … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Management, News, United Kingdom
Tagged Decline, Financial, NatWest, NatWest Regional PMI®, Sebastian Burnside, UK Business
(IN BRIEF) Societe Generale and Brookfield Asset Management have announced a strategic partnership to create a private investment grade debt fund, with an initial target of EUR 10 billion in assets over the next four years, including EUR 2.5 billion … Read the full press release
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