(IN BRIEF) UBS Group AG has voluntarily terminated its CHF 9 billion Loss Protection Agreement (LPA) with the Swiss government, covering potential losses from Credit Suisse non-core assets, after a thorough evaluation of the assets and stress loss scenarios. Additionally, … Read the full press release
Posted in Banks, Financial, Government, Investment, Management, News, Switzerland
Tagged Credit Suisse, Financial, liquidity, Loss Protection Agreement, Swiss Government, UBS
(IN BRIEF) ORLEN’s Supervisory Board has given a conditional investment approval for the Baltic Power offshore wind farm, allowing the design phase to be finalized. ORLEN and Northland Power’s joint investment represents the most advanced offshore wind project in Poland. … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland
Tagged Baltic Power Project, Daniel Obajtek, investment, Offshore wind, ORLEN, partnership, Poland
(IN BRIEF) Initial global research findings by the International Olympic Committee (IOC) and Allianz reveal that 72% of young people consider playing sports important, while over 90% of parents recognize the physical and mental health benefits of sports participation for … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a strategic partnership with Ukraine’s PrivatBank by issuing a €60 million risk-sharing instrument to facilitate €240 million in newly originated loans for critical industries, particularly agribusiness. PrivatBank, a … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged agribusiness, Critical Industries, EBRD, MSMEs, partnership, PrivatBank, sustainability, Ukrainian
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is offering a financial package to Ukraine’s Bank Lviv, consisting of a local-currency loan equivalent to €15 million and a €7.5 million risk-sharing instrument. This package will facilitate €30 million … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged aid, Bank Lviv, EBRD, Financial Package, Micro Small and Medium-Sized Enterprises (MSMEs), UKRAINE
(IN BRIEF) Windar Renovables has secured a contract with Iberdrola to manufacture 21 transition pieces for the Windanker offshore wind farm in German waters. The transition pieces will be produced at Windar Renovables’ Avilés facilities, with collaboration from Spanish suppliers. … Read the full press release
(IN BRIEF) Despite a challenging business environment, thyssenkrupp reported a robust performance in the 3rd quarter of the 2022/2023 fiscal year. Order intake of €9.4 billion and sales of €9.6 billion were lower than the prior year due to normalization … Read the full press release
Posted in Business, Financial, Germany, Industrial, Management, Metals and Minerals, News
Tagged Dr. Klaus Keysberg, Financial, Miguel López, ThyssenKrupp
(IN BRIEF) ENGIE Brasil Energia has awarded a contract to international technology group ANDRITZ for the modernization of the Jaguara hydropower plant in Brazil. The 424 MW plant, operating since 1971, will have its four Francis turbine generator units, governors, … Read the full press release
(IN BRIEF) The University of Bristol is spearheading a pioneering £1.8 million program, called Future Finance for All, aimed at accelerating innovation adoption in small and medium-sized enterprises (SMEs) and mid-tier financial services firms. Backed by Innovate UK and the … Read the full press release
Posted in Business, Education, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Economic and Social Research Council (ESRC), FinTech West, Future Finance for All, Innovate UK, INNOVATION, Jonathan Beaverstock, Marty Reid, partnership, Professor Sharon Collard, SETsquared, Small Financial Services Firms, SMEs, Stuart Harrison, University of Bristol
(IN BRIEF) The University of East Anglia’s School of Environmental Sciences has acquired cutting-edge fibre optic ground sensing equipment, funded by a £460k grant from the National Environment Research Council (NERC). This technology will be used to detect coastal erosion … Read the full press release
Posted in Business, Education, Environment, Financial, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Cliff Collapse, Cllr. Harry Blathwayt, Coastal Erosion, DiSTANS, Distributed Sensing, Dom Seager, Harry Whitelam, Jessica Johnson, National Environment Research Council (NERC), optical fibers, Sensing Technology, University of East Anglia
(IN BRIEF) Newcastle University has been awarded funding from the National Institute for Health and Care Research (NIHR) Incubator award to expand capacity in applied health and care research methodology. Led by Professor Dawn Teare, the renewal of the Applied … Read the full press release
(IN BRIEF) Team Sonnenwagen, a group of students from RWTH Aachen University and Aachen University of Applied Sciences, has developed a highly efficient solar car named “Adelie” to participate in the Bridgestone World Solar Challenge, a challenging solar race across … Read the full press release
(IN BRIEF) Ströer SE & Co. KGaA has reported its first-half 2023 results, showcasing a 7% increase in consolidated revenue to EUR 865 million amidst challenging market conditions. The company outperformed the contracting German advertising market by more than 10 … Read the full press release
Posted in Business, Financial, Germany, Industrial, Internet & Online, Management, Media, News
Tagged Christian Schmalzl, digital media, Financial, OOH media, Ströer
(IN BRIEF) Novozymes, a global biosolutions company, has reported its first-half 2023 financial results. The company achieved 3% organic sales growth, an EBIT margin of 25% before special items, and a return on invested capital (ROIC) including goodwill of 17% … Read the full press release
Posted in Business, Denmark, Financial, Industrial, Management, News, Pharma & Biotech, Science
Tagged Ester Baiget, Financial, Novozymes
(IN BRIEF) E.ON, a leading energy company, has reported positive first-half results for 2023, attributed to a more stable energy market environment. Both of its segments, Energy Networks and Customer Solutions, showed strong operating performances. This has led E.ON to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Management, News
Tagged E.ON, earnings, energy markets, Financial, Leonhard Birnbaum, Marc Spieker, sustainability
(IN BRIEF) A new study from Barclays reveals that 76% of UK citizens feel unsafe on social media platforms due to scams, with 87% of scams originating on tech platforms. Scams have risen by 24% in the past quarter, led … Read the full press release
Posted in Banks, Financial, Internet & Online, Security & Safety, Society, United Kingdom
Tagged anti-scam protocols, Barclays, scams, social media, study, UK citizens, unsafe, Victim Reimbursement Fund
(IN BRIEF) Irfan Hussain, currently Chief Operating & Strategy Officer for Engineering at Goldman Sachs, is set to become the Chief Information Officer (CIO) at London Stock Exchange Group (LSEG) starting January 2024. Based in New York, Irfan will lead … Read the full press release
(IN BRIEF) Terna, the Italian electricity grid operator, and Steg, the Tunisian electricity and gas operator, have signed a Grant Agreement with the European Commission for a €307 million loan to support the “Elmed” project. This initiative aims to establish … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged "Elmed" project, Africa, Electricity Connection, Europe, Giuseppina Di Foggia, Italy, partnership, Steg, Terna, Tunisia
(IN BRIEF) UniCredit S.p.A. has provided an update on its share buy-back program, which was initiated on 30 June 2023 following authorization from the Shareholders’ Meeting held on 31 March 2023. As part of the Second Tranche of the Buy-Back … Read the full press release
Posted in Banks, Business, Financial, Industrial, Italy, Management, News
Tagged Financial, Share Buy-Back Plan, UNICREDIT
(IN BRIEF) Consumer card spending in the UK grew by 4.0% YoY in July, driven by the hospitality and leisure sector as Brits spent more on getaways, dining out, and entertainment like concert tickets. Spending on supermarkets grew at a … Read the full press release
Posted in Banks, Business, Economy, Entertainment, Financial, Management, News, United Kingdom
Tagged Abbas Khan, Barclays, Esme Harwood, Hospitality, leisure, live entertainment, Shrinkflation, Summer Spending, UK, “drinkflation
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