Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Wood Secures $118 Million in Offshore Operations Contracts with Shell UK, Dana Petroleum, and CNOOC International

(IN BRIEF) Wood has secured contract extensions worth $118 million to continue its operations and maintenance services for Shell UK, Dana Petroleum, and CNOOC International’s UK offshore assets. This expansion reinforces Wood’s reputation as a trusted partner for North Sea … Read the full press release

UK’s £5.6 Million Centre to Develop Brain-Inspired, Energy-Efficient Computing Technologies with University of Southampton Involvement

(IN BRIEF) A new £5.6 million UK centre, led by Aston University and involving the University of Southampton and other leading institutions, is set to pioneer brain-inspired computing technologies. The centre will focus on developing energy-efficient neuromorphic computing solutions to … Read the full press release

voestalpine Calls for Continued Electricity Price Compensation to Protect Austria’s Energy-Intensive Industry

(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release

University of Liverpool Hosts Pint of Science Festival 2025 with Talks on Dinosaurs, Drugs, and AI

(IN BRIEF) Tickets are now on sale for the highly anticipated Pint of Science festival, taking place from 19-21 May 2025 in Liverpool. Featuring 33 academics from the University of Liverpool, the festival will bring science to the city’s pubs … Read the full press release

LEGO Group to Transform Cities Through Kids’ Imagination on World Play Day

(IN BRIEF) On June 11, 2025, the LEGO Group will celebrate its inaugural World Play Day, in honor of the UN’s International Day of Play (IDOP). The event will unfold across multiple cities globally, including London, Berlin, Boston, and Shanghai, … Read the full press release

Opin.fi: A Unified Platform Offering Open Higher Education Studies Across Finnish Universities

(IN BRIEF) Opin.fi is a centralized service that offers Finnish university and applied sciences students easy access to a wide range of open higher education courses. With a goal to expand to 37 participating institutions by the end of the … Read the full press release

University of York Researchers Secure £4.5 Million Wellcome Discovery Award to Expand Born in Bradford Study

(IN BRIEF) The University of York’s team has secured a £4.5 million Wellcome Discovery Award to extend the Born in Bradford research programme, which will now study 8,000 children and their families in Bradford. Building on the success of the … Read the full press release

Alstom Revolutionises Cross-Border Rail Operations with Multisystem Traxx Universal Locomotives and Innovative Signalling Solutions

(IN BRIEF) Alstom is revolutionising cross-border rail transport in Europe with its Traxx Universal™ locomotives, which offer multisystem capabilities to navigate varying electrification standards across countries. These locomotives, combined with Alstom’s Onvia™ ETCS signalling system, enhance operational efficiency by ensuring … Read the full press release

EIB and EBRD Strengthen Partnership with New Mutual Reliance Agreement to Streamline Project Financing

(IN BRIEF) The EIB and EBRD have taken a significant step forward in their partnership by signing a Mutual Reliance Agreement, which aims to reduce administrative burdens, improve project financing efficiency, and ensure the highest environmental and social standards in … Read the full press release

UP Catalyst, FENC, and Oxylus Energy Win “Best CO2 Utilisation 2025” Award for Transformative Carbon Emission Technologies

(IN BRIEF) The “Best CO2 Utilisation 2025” Innovation Award has been presented to three innovators in the field of carbon capture and utilisation for their groundbreaking work in transforming CO2 emissions into valuable products. UP Catalyst’s technology for producing battery-grade … Read the full press release

KfW Strengthens Global Role with High Stable New Business in 2024 and Continued Focus on Climate Protection and Biodiversity

(IN BRIEF) KfW’s 2024 international business performance shows a stable level of EUR 34.2 billion, with a continued focus on climate protection, biodiversity, and geostrategic objectives. Through its subsidiaries, KfW supports projects aligned with Germany and Europe’s economic and geopolitical … Read the full press release

Ericsson Expands Partnership with Magenta Telekom to Enable Cloud-Native Billing Transformation for 5G Use Cases

(IN BRIEF) Ericsson has successfully migrated Magenta Telekom’s billing operations to the cloud-native Ericsson Billing platform, marking a key milestone in the company’s ongoing transformation towards supporting 5G use cases. Deployed on Red Hat OpenShift within Magenta Telekom’s private cloud, … Read the full press release

Aalborg University Study Shows Denmark’s Growing Ethnic Integration in Families, Schools, and Workplaces

(IN BRIEF) Aalborg University’s recent study challenges the notion of segregated communities in Denmark, revealing that ethnic integration is progressing faster than commonly perceived. Using registry data, the research shows that more Danes are mixing across ethnic lines, with significant … Read the full press release

Ocean Yield Expands Stake in France LNG Shipping, Enhancing LNG Sector Presence

(IN BRIEF) Ocean Yield AS has increased its stake in France LNG Shipping (FLS), raising its indirect economic interest from 34% to 45%. The transaction will add about USD 250 million to the company’s EBITDA backlog. FLS operates 12 LNG … Read the full press release

Infineon’s OptiMOS™ 6 80V MOSFETs Drive Energy Efficiency in AI Servers, Saving Over 1.2 MWh Per Hour in Hyperscale Data Centers

(IN BRIEF) Infineon Technologies has introduced its OptiMOS™ 6 80V power MOSFETs, integrated into an AI server platform by a leading processor manufacturer. These MOSFETs, in a 5×6 mm² dual side cooling package, provide improved efficiency, resulting in substantial energy … Read the full press release

Zalando’s Use of AI and Digital Twins Enhances Speed and Flexibility in Fashion Content Creation

(IN BRIEF) Zalando is enhancing its content creation with AI and digital twin technology, ensuring fast, flexible, and high-quality visuals for a seamless shopping experience. By blending digital innovation with human creativity, Zalando is setting a new standard for the … Read the full press release

Koppö Energia Partners with thyssenkrupp Uhde for E-Methanol Plant Using Green Hydrogen and CO2

(IN BRIEF) Koppö Energia has chosen thyssenkrupp Uhde’s green methanol technology for its e-methanol plant in Kristinestad, Finland, part of a power-to-x project aimed at producing sustainable e-methanol for maritime and e-gasoline markets. This plant will capture CO2 and use … Read the full press release

SGS Expands Certification Services to Support New E-Micromobility Safety Regulations in New South Wales

(IN BRIEF) SGS is expanding its testing and certification services to comply with new regulations in New South Wales, Australia, aimed at improving the safety of e-micromobility devices and batteries. This expansion allows SGS to issue certifications for e-bikes, e-scooters, … Read the full press release

Ørsted Halts Hornsea 4 Offshore Wind Project in the UK Due to Rising Costs and Increased Risks

(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release

Saab Strengthens Sweden’s Naval Defense with SEK 1.3 Billion Order for Advanced Lightweight Torpedoes

(IN BRIEF) Saab has received a SEK 1.3 billion order from the Swedish Defence Materiel Administration (FMV) to supply Saab Lightweight Torpedoes (SLWT) and torpedo tubes. The deliveries are set to begin in 2026. This order, the second from Sweden … Read the full press release