(IN BRIEF) Aviva has agreed to sell its 25.9% stake in Singapore Life Holdings, along with two debt instruments, to Sumitomo Life Insurance for a total of £0.8 billion in cash. Sumitomo Life, already a 23.2% shareholder in Singlife, views … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged acquisition, Amanda Blanc, Aviva, partnership, Singapore Life Holdings, Sumitomo Life
(IN BRIEF) Aviva has introduced the Sustainable Business Coach, a digital tool aimed at assisting brokers in understanding their businesses’ environmental and societal impact. Developed in collaboration with non-profit organization Future-Fit and digital coaching firm Life Moments, the tool guides … Read the full press release
Posted in Business, Environment, Financial, Industrial, Insurance, Investment, Management, News, Non Profit, United Kingdom
Tagged Aviva, brokers, Future-Fit, Life Moments, partnership, Ryan Birbeck, sustainability, Sustainable Business Coach
(IN BRIEF) Siemens AG and Siemens Healthineers have jointly pledged €1 million in immediate assistance to aid earthquake and flood victims in Morocco and Libya. The companies have also encouraged their employees to contribute to the relief efforts, with every … Read the full press release
Posted in Business, Financial, Germany, Healthcare, Industrial, Management, News, Non Profit, Society, Technology
Tagged donation, earthquake, flood victims, Libya, MOROCCO, Roland Busch, Siemens, Siemens Caring Hands, Siemens Healthineers
(IN BRIEF) Nicola Ranger, Leader of the Resilience and International Development Program at the Environmental Change Institute, and Sibylle Steimen, Managing Director of Advisory & Services at Allianz Re, advocate for increased attention to climate resilience and adaptation. They emphasize … Read the full press release
Posted in Business, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, Marketing, News
Tagged adaptation, Allianz, climate change, climate resilience, insurance industry, Nicola Ranger, Sibylle Steimen
(IN BRIEF) The European Investment Bank (EIB) and Deutsche Bank are partnering to provide long-term loans to mid-sized companies with 250 to 3,000 employees to facilitate their transition to more sustainable business models. The EIB will offer guarantees covering up … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €15 million venture debt loan agreement with CrowdFarming, an online platform connecting European farmers directly with consumers. Supported by the InvestEU program, this financing will enable CrowdFarming to enhance its … Read the full press release
(IN BRIEF) EQT, a purpose-driven global investment organization, extends its congratulations to Francesco Starace, a Partner in the EQT Infrastructure Advisory Team, on his appointment as the Chair of the Science Based Target Initiative’s inaugural Board of Trustees. Francesco Starace … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Sweden
Tagged appointment, Board of Trustees, Chair of SBTi, EQT, Francesco Starace, leadership, Lennart Blecher
(IN BRIEF) Vestas has been awarded a 243 MW contract to supply 54 V163-4.5 MW wind turbines for an undisclosed wind project owned by RWE Clean Energy, LLC, in the USA. The order encompasses turbine supply, delivery, and commissioning, along … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Laura Beane, partnership, RWE Clean Energy, sustainability, USA, Vestas, Wind Project
(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
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