Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

CTP Develops New Sustainable Production Facility for SCHOTT Pharma at CTPark Jagodina, Expanding Global Manufacturing Network

(IN BRIEF) CTP has successfully developed a state-of-the-art 18,000 sqm production facility for SCHOTT Pharma at CTPark Jagodina, Serbia, where high-quality glass ampoules for vaccines and medications will be produced. This facility is a significant addition to SCHOTT Pharma’s global … Read the full press release

University of Copenhagen Researchers Unveil Biosynthetic Method to Cut the Cost of Taxol and Make Production More Sustainable

(IN BRIEF) Researchers from the University of Copenhagen have made a breakthrough in the biosynthetic production of Taxol, a widely used chemotherapy drug. By identifying the enzymes responsible for the final steps in the biosynthetic pathway of Taxol, the team … Read the full press release

SAF Tehnika Combines Wellness and Innovation through Weekly Training Runs, Building Team Spirit and Employee Growth

(IN BRIEF) SAF Tehnika has created a unique company culture by incorporating weekly joint training run sessions, where employees from all departments unite to challenge themselves both physically and mentally. What started as a wellness initiative has grown into a … Read the full press release

Ricoh Partners with ServiceNow to Build an AI-Driven Service Delivery Platform to Enhance Digital Management Across Europe

(IN BRIEF) Ricoh has announced a strategic partnership with ServiceNow to deliver a unified service delivery platform aimed at revolutionizing the digital management of modern workplaces. This collaboration will enhance Ricoh’s operational efficiency by leveraging ServiceNow’s AI-driven platform to standardize … Read the full press release

AFRY Joins Nexans in Consulting Support for Gotland Connection Project to Address Growing Energy Demand

(IN BRIEF) AFRY has been appointed as the advisory partner for the Gotland Connection project, working alongside Nexans to support the delivery of high-voltage subsea and onshore cables. The project, commissioned by Svenska Kraftnät, aims to address Gotland’s growing electricity … Read the full press release

ARBURG Announces Digital Pilot Functions to Stabilize Injection Moulding Process for Recyclates

(IN BRIEF) ARBURG has developed new digital pilot functions to stabilize the injection moulding process for recyclates such as PIR, PCR plastics, and biopolymers, which often exhibit highly variable material characteristics. The “aXw Control ReferencePilot” and “aXw Control RecyclatePilot” functions … Read the full press release

TUM Develops Groundbreaking AI Chip with Brain-Inspired Design for Energy-Efficient, Cloud-Free Processing

(IN BRIEF) The Technical University of Munich has developed a revolutionary AI chip, the AI Pro, designed by Prof. Hussam Amrouch. Unlike traditional AI chips, the AI Pro performs computations locally, eliminating the need for cloud servers or internet connections, … Read the full press release

Vienna Insurance Group Submits Bid to Acquire Majority Stake in Moldova’s Leading Non-Life Insurer MOLDASIG

(IN BRIEF) Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of MOLDASIG S.A., one of Moldova’s leading non-life insurance companies, as part of a multi-stage process initiated by the Moldovan government. With a market share of approximately … Read the full press release

Standard Chartered Reports Projected 36% Growth in Global Islamic Finance Assets by 2028

(IN BRIEF) Standard Chartered has released a new report, Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts, forecasting that global Islamic finance assets will grow to USD7.5 trillion by 2028. The report reveals significant growth in Islamic finance, … Read the full press release

NORDEN Signs Major Port Logistics Agreement with Kimberley Metals Group to Optimize Iron Ore Supply Chain in Australia

(IN BRIEF) NORDEN has expanded its logistics services in Australia by entering into a port logistics agreement with Kimberley Metals Group (KMG) at the port of Wyndham, Western Australia. The project will see NORDEN providing additional assets for the transshipment … Read the full press release

Vaisala Joins AGCLIMATE Consortium to Drive Innovative Solutions for Reducing Greenhouse Gas Emissions in Agriculture

(IN BRIEF) Vaisala has joined the AGCLIMATE project, a Finnish-led initiative aiming to reduce greenhouse gas emissions from agricultural fields. The project, which brings together leading research institutions and companies, focuses on developing practical tools for the food industry to … Read the full press release

Francesco Picchioni’s Revolutionary Rubber Recycling Method Earns Prestigious Ben Feringa Impact Award

(IN BRIEF) Francesco Picchioni, Professor of Chemical Technology at the University of Groningen, was awarded the Ben Feringa Impact Award for his innovative rubber recycling method, which preserves the quality of recycled rubber. His technique, which involves mechanically breaking down … Read the full press release

ANDRITZ to Supply Cutting-Edge Tissue Production Line for TNPL’s Entry into the Tissue Market in Tamil Nadu

(IN BRIEF) ANDRITZ has been selected by Tamil Nadu Newsprint & Papers Ltd. (TNPL) to provide a state-of-the-art tissue production line at its Unit II mill in Mondipatti Village, Tamil Nadu. This investment represents TNPL’s strategic move into the tissue … Read the full press release

BayWa AG Approves Restructuring Plan, Extending Financing Until 2028 and Securing EUR 201.6 Million Capital Increase

(IN BRIEF) BayWa AG has secured approval for its restructuring plan under the German StaRUG framework. The plan includes extending financing until 2028 and a capital increase of up to EUR 201.6 million. Despite not meeting the quorum for shareholders, … Read the full press release

Deutsche Bank Appoints Hyun-Nam Park as Chief Country Officer and ET Park as CEO of Deutsche Securities Korea

(IN BRIEF) Deutsche Bank has appointed Hyun-Nam Park as the new Chief Country Officer for South Korea and ET Park as CEO of Deutsche Securities Korea. These appointments follow the relocation of Samuel (Sam) Kim to New York, where he … Read the full press release

Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration

(IN BRIEF) Eni has been authorized to launch a new share buyback program, set to run until April 2026. The program will buy back up to 315 million shares, with a maximum value of €1.5 billion, potentially increasing to €3.5 … Read the full press release

BNP Paribas Expands Support for Energy Renovations in France, Addressing Key Barriers to Sustainability

(IN BRIEF) A BNP Paribas study, conducted with Harris Interactive, reveals that while 94% of French people prioritize energy-efficient home renovations, cost and complexity are significant barriers. In response, BNP Paribas plans to support 400,000 renovations across Europe by 2026. … Read the full press release

Jennifer Lassiter Appointed as Head of Digital Assets for Europe and Americas at Standard Chartered

(IN BRIEF) Standard Chartered has appointed Jennifer Lassiter as Head of Digital Assets for Europe and the Americas, based in New York City. She will lead the Bank’s strategic initiatives in the digital asset space, focusing on expanding capabilities and … Read the full press release

IONITY to Expand Charging Infrastructure with EUR 50 Million Investment from KfW IPEX-Bank, Supporting the Transition to Electric Mobility

(IN BRIEF) KfW IPEX-Bank has provided EUR 50 million to IONITY to support the expansion of its High Power Charging network across Europe. This investment will enhance IONITY’s infrastructure, particularly in Germany, France, Sweden, and the UK, by improving charging … Read the full press release

Ericsson to Boost R&D Operations in Japan, Creating Up to 300 Jobs and Strengthening the Nation’s Digital Future

(IN BRIEF) Ericsson is expanding its research and development operations in Japan, with an investment expected to create up to 300 high-skilled telecom jobs. This move is part of Ericsson’s broader strategy to strengthen Japan’s role in its global connectivity … Read the full press release