Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

AI Collaboration Between GFT and NVIDIA Aims to Transform Banking and Manufacturing with Custom Solutions

(IN BRIEF) GFT Technologies has partnered with NVIDIA to introduce advanced AI solutions to the financial services and manufacturing industries. This collaboration will use NVIDIA’s AI software and computing tools along with GFT’s industry expertise to develop applications like digital … Read the full press release

HENSOLDT Secures Contract to Equip Bundeswehr’s Fennek Vehicles with Advanced BAA III Sensor Technology for Enhanced Reconnaissance

(IN BRIEF) HENSOLDT has been awarded a contract to upgrade the sensor technology on 90 Fennek vehicles for the Bundeswehr, enhancing their reconnaissance and targeting capabilities. The upgrades include transitioning scout and Joint Fire Support Team vehicles to the advanced … Read the full press release

DHL Express Appoints Abdulaziz Busbate as CEO of MENA Region to Lead Growth and Sustainable Logistics Initiatives

(IN BRIEF) DHL Express has appointed Abdulaziz Busbate as CEO of its Middle East and North Africa (MENA) operations, effective January 1, 2025. With 24 years at DHL, Busbate brings extensive experience, having led operations in both Saudi Arabia and … Read the full press release

BASF to Launch Industrial-Scale 3D-Printed Catalyst Production to Boost Green Transformation Efforts

(IN BRIEF) BASF is expanding its production capacity for its advanced X3D® catalyst technology, which utilizes 3D printing to create high-performance catalysts that improve reactor efficiency and reduce energy use. The first industrial-scale X3D production plant is set to open … Read the full press release

EIB Launches PLN 3.5 Billion Initiative with ORLEN to Boost Poland’s Renewable Energy Grid and Strengthen Energy Security

(IN BRIEF) The European Investment Bank (EIB) has provided a PLN 900 million loan to ORLEN Group for upgrades to Energa’s power grid, marking the first part of a PLN 3.5 billion funding initiative aimed at improving Poland’s energy infrastructure. … Read the full press release

Siemens’ Industrial Copilot Brings AI-Powered Efficiency to Engineering and Manufacturing, Welcoming thyssenkrupp Automation Engineering as a Global Partner

(IN BRIEF) Siemens’ Industrial Copilot, the first generative AI assistant designed for industrial engineering, has expanded its capabilities, gaining thyssenkrupp Automation Engineering as a global customer. New features include multimodal inputs, agent-based automation, and an on-premises solution to ensure data … Read the full press release

MDC Expands Global Leadership with Acquisition of Lighteum to Advance Medical Device Manufacturing

(IN BRIEF) MDC has completed the acquisition of Lighteum, a leader in nitinol-based medical component manufacturing, expanding its capabilities in the medical device industry. The acquisition combines MDC’s expertise in platinum group metals and micromachining with Lighteum’s advanced nitinol processing … Read the full press release

New Holland Construction Helps Denmark Achieve Sustainability Goals with Electric Mini Excavators at Roskilde Technical School

(IN BRIEF) New Holland Construction is supporting Denmark’s sustainability goals by providing electric mini excavators to Roskilde Technical School. These zero-emission machines are used by students in landscaping and construction projects, helping them gain the skills needed for future eco-friendly … Read the full press release

Morrisons Completes Acquisition of 36 Stores in the Channel Islands, Plans £7 Million Rebranding Investment

(IN BRIEF) Morrisons has completed the acquisition of 36 convenience stores in Jersey, Guernsey, and Alderney from SandpiperCI. The company will rebrand most of the stores to the Morrisons format, investing over £7 million in the conversion and store improvements. … Read the full press release

Port of Rotterdam’s New Tariff Structure Promotes Sustainability and Efficiency Starting in 2025

(IN BRIEF) The Port of Rotterdam Authority has announced a new tariff structure for seaport and inland port dues, effective from 1 January 2025. The changes, which include a 6% increase in 2025 and subsequent smaller increases in the following … Read the full press release

Iberdrola España Moves Forward with Wind Farm Repowering in Castilla-La Mancha to Boost Renewable Energy Production

(IN BRIEF) Iberdrola España has obtained the environmental permit for its first wind farm repowering project in Castilla-La Mancha, which includes upgrading the Molar de Molinar wind farm and another site in the region. The repowering will reduce the number … Read the full press release

SIX Group to Acquire Aquis Exchange in Strategic Move to Strengthen European Exchange Capabilities

(IN BRIEF) SIX Group has reached an agreement to acquire Aquis Exchange in a cash offer valued at 727 pence per share. The acquisition, which will enhance SIX’s European exchange capabilities, combines Aquis’s next-generation technology with SIX’s existing trading, data, … Read the full press release

EnBW to Launch 100 MW Battery Storage Facility in Marbach to Support Renewable Energy Integration

(IN BRIEF) EnBW is set to build a large-scale battery storage facility in Marbach, southern Germany, with a capacity of 100 megawatt-hours and an output of 100 megawatts, enough to power around 12,500 households for one day. The facility will … Read the full press release

Nemetschek Group Wins Big at the 2024 Construction Computing Awards, Recognizing Graphisoft and Vectorworks for Excellence in Innovation

(IN BRIEF) The Nemetschek Group earned multiple accolades at the 2024 Construction Computing Awards, with its brands Graphisoft and Vectorworks taking home prestigious honors. Graphisoft’s Archicad won the “BIM Product of the Year 2024” for the 14th consecutive time, while … Read the full press release

Kuehne+Nagel and Azul Linhas Aéreas Partner to Empower Amazonian Communities and Promote Sustainable Development

(IN BRIEF) Kuehne+Nagel and Azul Linhas Aéreas have partnered to support Amazonian riverside communities by connecting small producers and cooperatives to national and international markets. This initiative is part of the ARA Movement – All Amazons Under the Same Blue … Read the full press release

Kayana Solutions and Accenture Collaborate to Launch Digital Factory for Accelerated Innovation in the Philippines

(IN BRIEF) Kayana Solutions Inc. has partnered with Accenture to create a digital factory aimed at boosting digital product development for the MVP Group. The collaboration seeks to deliver personalized experiences for Filipino consumers and businesses by combining Accenture’s expertise … Read the full press release

Stora Enso’s Katajanokan Laituri: Helsinki’s Largest Mass Timber Building Sets a New Standard for Sustainable Urban Development

(IN BRIEF) Katajanokan Laituri, completed in the summer of 2024, is a sustainable urban regeneration project in Helsinki’s South Harbour. It houses Stora Enso’s new headquarters, along with a hotel, event space, restaurants, cafés, and a rooftop terrace. As Finland’s … Read the full press release

ABN AMRO Advances Digital Asset Innovation with Successful CBDC Repo Trials in Eurosystem Project

(IN BRIEF) ABN AMRO has successfully completed its second use case in the Eurosystem Central Bank Digital Currency (CBDC) trials, marking a significant step in exploring digital asset innovations. The bank executed four repo trades using central bank money settled … Read the full press release

Telefónica Pledges €3M and Volunteer Support for Swift Recovery in DANA Flood-Affected Areas

(IN BRIEF) Telefónica has committed €3 million through its Foundation to support those impacted by the recent DANA-related floods in Spain. In collaboration with local authorities and NGOs like the Red Cross, Telefónica mobilized teams to assist in relief and … Read the full press release

Siemens Launches Advanced Eco-Friendly e-Starter with Ultra-Fast Short-Circuit Protection and Seamless Automation Integration

(IN BRIEF) Siemens Smart Infrastructure has unveiled its fully electronic SIMATIC ET 200SP e-Starter, offering advanced, ultra-fast short-circuit protection that outpaces traditional technology by 1,000 times. Designed for high-efficiency motors in sectors like food and beverage and manufacturing, the e-Starter’s … Read the full press release

Deutsche Bank Honored as Top Global Private Bank for Entrepreneurs and Market Leader in Germany at PWM Awards 2024

(IN BRIEF) Deutsche Bank’s Private Bank has been named “Best Private Bank for Entrepreneurs” globally and “Best Private Bank in Germany” by Professional Wealth Management (PWM) and The Banker at the 2024 Global Private Banking Awards. These awards recognize the … Read the full press release

SIRIUS Conference 2024 Highlights Advances in Cross-Border Electronic Evidence Access

(IN BRIEF) The SIRIUS Conference 2024, hosted from November 5-7, brought together law enforcement, judicial authorities, policymakers, and service providers to discuss challenges and solutions in cross-border electronic evidence access. Organized by Europol and Eurojust, the conference covered topics like … Read the full press release

EIF and Lithuania’s ILTE Launch €191.6 Million Initiative to Boost Business Financing Through Private Credit Funds

(IN BRIEF) The European Investment Fund (EIF) and Lithuania’s national development institution, UAB ILTE, are investing €191.6 million to support private credit funds, providing alternative financing for Lithuanian businesses. With equal contributions of €95.8 million each, the partnership aims to … Read the full press release

UEA Study Uncovers Warming Oceans’ Role in Accelerating Melting of Antarctica’s Ross Ice Shelf

(IN BRIEF) A University of East Anglia study reveals that the Ross Ice Shelf has been melting more rapidly due to warming ocean waters, with heat transport likely to increase as the climate continues to warm. Data gathered by an … Read the full press release

Borçelik Partners with ANDRITZ for Advanced Furnace Installation to Boost Automotive Steel Production in Turkey

(IN BRIEF) Turkish steel manufacturer Borçelik has selected ANDRITZ to supply a versatile combi-line furnace for a new cold strip mill in Bursa. This advanced furnace will support both galvanizing and annealing operations, enhancing Borçelik’s production of automotive-grade steel. The … Read the full press release

University of Groningen Secures Major Grants for Biodiversity and Origins of Life Research, Engaging Communities and Interdisciplinary Teams

(IN BRIEF) The University of Groningen’s Faculty of Science and Engineering has received two €6.7 million grants for research into biodiversity restoration in farming regions and the origins of life on Earth and beyond. Led by Professors Han Olff and … Read the full press release

University of Groningen Secures €6.75 Million Grant for Global Biodiversity Restoration Initiative Led by Professor Han Olff

(IN BRIEF) The University of Groningen’s Professor Han Olff leads CurveBend, a €6.75 million project funded by the NWO to develop strategies for biodiversity restoration in livestock-dominated regions. This transdisciplinary consortium will collaborate with local stakeholders in the Netherlands, Argentina, … Read the full press release

RWE Chooses Thyborøn Port as Base for Groundbreaking Thor Offshore Wind Farm Project

(IN BRIEF) RWE has chosen Thyborøn Port as the base for Denmark’s largest offshore wind farm, Thor, with construction starting in 2025. This project, featuring 72 turbines, will provide green energy for over a million Danish households by 2027, supporting … Read the full press release

University of Twente Joins National Protest Against Higher Education Budget Cuts in Utrecht

(IN BRIEF) The University of Twente will join a national protest in Utrecht on November 14 against proposed budget cuts in higher education. Many UT students and staff are set to participate, with free transportation arranged and strong support from … Read the full press release

Qkera, a TUM Spin-Off, Advances Solid-State Battery Technology for Greener Electromobility and Electronics

(IN BRIEF) Qkera, a TUM spin-off, has developed advanced electrolyte components for solid-state batteries, aiming to improve energy density and stability while reducing costs. The start-up has already made significant progress and was recently named one of the top 25 … Read the full press release

Henkel, Covestro, and Quad Industries Unite to Showcase Next-Gen Medical Wearables with Printed Electronics at MEDICA

(IN BRIEF) Henkel, Covestro, and Quad Industries have joined forces to drive innovation in healthcare wearables through advanced printed electronics. This partnership, showcased at MEDICA, will present a new ECG patch for continuous monitoring, leveraging Henkel’s inks, Covestro’s TPU substrates, … Read the full press release

FedEx Express Swiss Post Expands Swiss Operations with New Gossau Facility to Boost Capacity and Sustainability

(IN BRIEF) FedEx Express Swiss Post is set to open a new facility in Gossau, Switzerland, by Autumn 2025, consolidating operations from two other sites to increase capacity for growing shipment volumes, particularly in e-commerce. The facility will feature enhanced … Read the full press release

Ericsson Unveils Innovations in Open Networks and APIs at Silicon Valley’s D-15 Innovation Center

(IN BRIEF) Ericsson showcased its D-15 Innovation Center to analysts and industry partners, highlighting advancements in open, programmable networks and the value of network APIs, which could generate billions in new opportunities. The event emphasized Ericsson’s role at the heart … Read the full press release

KUKA Unveils New Digital Division and ‘mosaixx’ Platform to Power Industrial Digitalization

(IN BRIEF) KUKA has launched a new digital division focused on industrial digitalization, unveiling its mosaixx cloud platform and comprehensive software offerings at an event in Augsburg. The platform, geared towards seamless production and project collaboration, is set to expand … Read the full press release

Tezspire Shows Promise in Reducing Nasal Polyp Symptoms in Phase III Trial for Chronic Rhinosinusitis

(IN BRIEF) A Phase III trial of Tezspire (tezepelumab) by AstraZeneca and Amgen has shown significant benefits for patients with chronic rhinosinusitis with nasal polyps (CRSwNP), reducing both nasal polyp size and congestion compared to a placebo. The WAYPOINT trial … Read the full press release

Fincantieri and Crystal Partner on Luxury Cruise Ship with Focus on Eco-Friendly Innovation and Personalized Service

(IN BRIEF) Fincantieri and Crystal have finalized a major agreement for a new luxury cruise ship, designed to accommodate approximately 690 passengers with all-suite, high-end accommodations, including solo traveler options. This 61,800-ton vessel will feature premium interiors and a high … Read the full press release

Stora Enso Sells Sunila Site to AALTO Development, Paving Way for Sustainable Energy Innovation Hub

(IN BRIEF) Stora Enso has sold the real estate of its Sunila site in Kotka, Finland, to AALTO Development Oy, a Finnish company known for its focus on quality architecture and urban planning. Stora Enso will remain as a tenant, … Read the full press release

Northwest Territories Diamond Mines Unite to Auction Unique Pendant for Local Families in Need

(IN BRIEF) The Northwest Territories’ three diamond mines—Diavik, Gahcho Kué, and Ekati—have created a one-of-a-kind pendant with diamonds from each mine, set in a Northern-inspired caribou antler design. This unique pendant, valued at over C$12,000, will be auctioned at the … Read the full press release

TÜV Rheinland Hong Kong to Certify High-Voltage EV Maintenance Workshops Under New EMSD Scheme

(IN BRIEF) TÜV Rheinland Hong Kong (TRHK) has been appointed as an official Third-Party Certification Body for “Type H” EV maintenance workshops under a new EMSD initiative in Hong Kong. This addition to the Voluntary Registration Scheme for Vehicle Maintenance … Read the full press release

Liiga and Neste Team Up to Cut Emissions with Renewable Diesel for Hockey Season Travel

(IN BRIEF) Neste and Finland’s ice hockey league, Liiga, have partnered to use Neste MY Renewable Diesel™ for team bus travel during the 2024–2025 season, reducing CO₂ emissions by approximately 6,400 tons—equivalent to the annual carbon footprint of 500-600 Finns. … Read the full press release