Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Euronext introduces new initiatives to strengthen Europe’s strategic autonomy in energy, security and defense sectors

(IN BRIEF) Euronext has introduced a series of initiatives focused on enhancing Europe’s strategic autonomy in energy, defense, and technology. These initiatives include the launch of thematic indices targeting energy security, aerospace, defense, and strategic autonomy. Additionally, Euronext is updating … Read the full press release

DNV Launches Advanced Solar Resource Measurement Stations to Boost Italy’s Renewable Energy Efforts

(IN BRIEF) DNV has launched a network of advanced solar resource measurement stations across Italy to support the country’s renewable energy goals. These stations measure solar irradiance, albedo, and soiling data to optimize energy output, particularly for bifacial solar modules, … Read the full press release

DNV and Havtil’s collaboration on AI-driven safety improvements targets dropped object incidents in offshore industry

(IN BRIEF) DNV and the Norwegian Ocean Industry Authority (Havtil) have launched a collaborative project to enhance offshore safety using artificial intelligence (AI). Their report, focusing on reducing risks related to dropped objects, demonstrates how AI can extract valuable insights … Read the full press release

DNV and Ørsted Achieve Milestone in Carbon Capture and Storage Project Bifrost with Feasibility Study Approval for CO2 Transportation via Repurposed Pipeline

(IN BRIEF) DNV and Ørsted have achieved a major milestone in the development of Project Bifrost, a CCS project aimed at CO₂ underground storage in the Danish North Sea. DNV has granted a Statement of Feasibility (SoF) for repurposing Ørsted’s … Read the full press release

GTT strengthens position as global leader in vessel performance management with Danelec acquisition

(IN BRIEF) GTT has signed an agreement with Verdane to acquire Danelec, a leading maritime data solutions provider, for €194 million. This acquisition positions GTT as the global leader in vessel performance management and enhances its presence in the Voyage … Read the full press release

BayWa AG successfully completes sale of stake in RWA Raiffeisen Ware Austria, reducing liabilities by over €500 million

(IN BRIEF) BayWa AG has completed the sale of its 47.53% stake in RWA Raiffeisen Ware Austria AG (RWA AG), a move that reduces its bank liabilities by over €500 million. The transaction, worth €176 million, followed the necessary regulatory … Read the full press release

University of Exeter Study Highlights Fiduciary Governance as Key to Safe Public Oversight of Quantum Computing

(IN BRIEF) A study by Dr. Robert Herian from the University of Exeter Law School explores how fiduciary law could be applied to govern the emerging field of quantum computing. The study suggests that fiduciary governance, which ensures transparency and … Read the full press release

Anglo American Addresses Recent Incident at Moranbah North Mine Amid Peabody Acquisition Agreement

(IN BRIEF) Anglo American acknowledges Peabody Energy’s statement regarding the acquisition of its Australian steelmaking coal mines, confirming that a contained ignition incident occurred at Moranbah North mine in March 2025. The company has ensured the safe evacuation of personnel … Read the full press release

Salzgitter Group Commits to Sustainability with €100 Million Investment in Energy Efficient Furnace and Heat Recovery System

(IN BRIEF) The Salzgitter Group is investing a substantial amount in a new walking beam furnace and waste gas heat utilization system at its hot strip mill, aimed at significantly reducing energy consumption and CO2 emissions. The walking beam furnace … Read the full press release

Vossloh Secures €20 Million Contract for Rail Fastening Systems in China’s High-Speed Network Expansion

(IN BRIEF) Vossloh has secured a €20 million contract to supply rail fastening systems for the high-speed rail line between Yulin and Cenxi in southern China. The line is part of the country’s expanding high-speed network, which enhances regional and … Read the full press release

SUEZ and EPAL E.P. Sign €100 Million Contract to Modernize Water Supply for 12 Million in Angola’s Luanda, Icolo, and Bengo Provinces

(IN BRIEF) SUEZ and EPAL E.P. have launched a €100 million contract aimed at modernizing the water supply system in Luanda, Icolo, and Bengo. The contract, effective from April 2025, focuses on increasing water production capacity, enhancing distribution performance, and … Read the full press release

Jérôme Hénique Appointed CEO of Orange France, While Yasser Shaker Takes the Helm at Orange Middle East and Africa

(IN BRIEF) Orange has appointed Jérôme Hénique as CEO of Orange France, effective 1 June 2025, succeeding Jean-François Fallacher. Hénique, who has led Orange Middle East and Africa since 2022, will also join the Board of Directors of Orange MEA. … Read the full press release

Crédit Agricole CIB Appoints Olivier Gavalda as Chairman of the Board of Directors

(IN BRIEF) On 5 May 2025, Olivier Gavalda was appointed Chairman of the Board of Directors at Crédit Agricole CIB, succeeding Philippe Brassac. Gavalda, a long-standing member of Crédit Agricole, has held numerous key positions throughout his career, including Chief … Read the full press release

University of Cambridge and NHS Digital Study Reveals Key Differences in Social Media Use Among Adolescents with Mental Health Conditions

(IN BRIEF) A new study from the University of Cambridge has revealed that adolescents with mental health conditions, particularly those with anxiety and depression, use social media differently than their peers. The research shows that these young people spend more … Read the full press release

Škoda Unveils Elroq Respectline to Celebrate Diversity and Inclusion in European Diversity Month

(IN BRIEF) Škoda Auto has introduced the Elroq Respectline concept car to celebrate European Diversity Month, showcasing the company’s commitment to respect, inclusion, and diversity. The car, adorned with a Czech “háček” motif and rainbow accents, will make its public … Read the full press release

Continental Supports DFDS’s Electric Fleet Transition with Eco-Friendly Tire Solutions and Digital Monitoring

(IN BRIEF) DFDS has partnered with Continental to advance sustainable logistics, equipping its electric truck fleet with the high-performance Conti Eco Gen 5 tires and the ContiConnect tire management system. This collaboration aims to reduce emissions, increase operational efficiency, and … Read the full press release

CapMan Strengthens Leadership in Natural Capital with Jyri Hietala’s Appointment as Managing Partner

(IN BRIEF) CapMan has appointed Jyri Hietala as Managing Partner of CapMan Natural Capital, joining Tapani Pahkasalo as Co-Managing Partner. Jyri will lead the Natural Capital investment area, driving the company’s growth in sustainable forestry and natural sites. The transition … Read the full press release

Heart Failure 2025: Global Congress in Belgrade to Showcase the Latest Advancements in Heart Failure Treatment and Research

(IN BRIEF) Heart Failure 2025, organized by the Heart Failure Association (HFA) of the European Society of Cardiology, will take place in Belgrade, Serbia, from May 17 to 20, 2025. The congress will feature over 80 scientific sessions, including Late-Breaking … Read the full press release

Automotive Suppliers Face Declining Profitability Amidst Stagnation and Rising Competition

(IN BRIEF) The global automotive supplier industry faces tough conditions, with stagnant production volumes, geopolitical uncertainty, and increasing competition putting pressure on profitability. The 2024 forecasted EBIT margin of 4.7% marks a further decline from 2023 levels, with Chinese suppliers … Read the full press release

Fraunhofer unveils synthetic DNA-based microchip platform for sustainable mass data storage

(IN BRIEF) Fraunhofer institutes have launched the BIOSYNTH project, developing a high-throughput microchip platform that uses synthetic DNA to address the growing data storage crisis. This innovative solution promises a space-saving, low-cost, and energy-efficient alternative for mass data storage, with … Read the full press release