Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Beiersdorf Sets Bold Net Zero Targets by 2045, Reinforcing Commitment to Sustainability at Hamburg Conference

(IN BRIEF) Beiersdorf, a leading skincare company, has announced its ambitious sustainability goals during the Hamburg Sustainability Conference. The company aims to achieve Net Zero emissions by 2045 and intends to reduce emissions across its entire value chain by 90%. … Read the full press release

NAGRAVISION, DishTV India, and Samsung Launch Groundbreaking Direct-to-TV Service Using TVKey Cloud

(IN BRIEF) NAGRAVISION has expanded its partnership with DishTV India and Samsung to launch an innovative Direct-to-TV service using the TVKey Cloud platform, enabling secure content delivery directly to Samsung Connected TVs without the need for set-top boxes. This marks … Read the full press release

Stora Enso Champions Sustainable Packaging with Award-Winning Cartonboard Solution for Perfume

(IN BRIEF) Stora Enso’s innovative cartonboard solutions are reshaping the packaging industry by helping customers reduce their reliance on plastics. Hinojosa Packaging Galería Gráfica selected Stora Enso’s Performa Brilliance™ to create sophisticated packaging for their luxury perfume line. This collaboration … Read the full press release

CACEIS Enables First-Ever Investment in Tokenized Money-Market Funds on Ethereum Blockchain

(IN BRIEF) CACEIS has successfully enabled clients to invest in the first French UCITS money-market funds, with units issued and settled on the Ethereum public blockchain. This significant achievement represents investments totaling tens of millions of euros and marks the … Read the full press release

Lightsource bp Joins Forces with World Economic Forum to Launch Coalition for Responsible Renewable Infrastructure

(IN BRIEF) Lightsource bp has partnered with industry leaders, environmental non-profits, and the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure Coalition. This global alliance aims to accelerate renewable energy deployment while benefiting local communities and ecosystems, aligning … Read the full press release

DNV and Atlas Renewable Energy Secure Funding for Major Battery Storage Project to Enhance Chile’s Green Energy Transition

(IN BRIEF) DNV has collaborated with Atlas Renewable Energy to secure $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The funding, obtained through senior loans and credit lines from BNP Paribas and … Read the full press release

EU Finance Ministers Back EIB Group’s Action Plan to Enhance Capital Markets and Support Innovative Companies

(IN BRIEF) European Union finance ministers have endorsed a new Action Plan from the European Investment Bank (EIB) Group aimed at strengthening the Capital Markets Union. This initiative is designed to broaden financing options for innovative European companies and unicorns, … Read the full press release

Ericsson and SoftBank Partner to Drive AI Integration in RAN for Next-Gen Network Efficiency

(IN BRIEF) Ericsson and SoftBank Corp. have partnered to explore the integration of Artificial Intelligence (AI) into Radio Access Network (RAN) infrastructure, aiming to enhance network efficiency and unlock new use cases for communication service providers. The collaboration will focus … Read the full press release

Schneider Electric Secures Industry-First Cybersecurity Certification for EcoStruxure IT and Enhances Firmware Management

(IN BRIEF) Schneider Electric has become the first in the industry to achieve IEC 62443-4-2 Security Level 2 (SL2) cybersecurity certification for its EcoStruxure IT Network Management Card 3 (NMC3), enhancing protection for data center infrastructure. The certification, awarded by … Read the full press release

Fabentech Secures €20 Million EIB Loan to Bolster Pandemic Preparedness and Biological Threat Response

(IN BRIEF) Fabentech, a French biopharmaceutical company, has secured a €20 million loan from the European Investment Bank (EIB) through the HERA Invest initiative. The funding will support Fabentech’s research, bioproduction, and expansion of its FabShield® technology, which focuses on … Read the full press release

Eni Partners with Japan’s JOGMEC on LNG Collaboration and Joins Emission Abatement Coalition

(IN BRIEF) Eni has signed a Memorandum of Cooperation with Japan’s JOGMEC to collaborate on gas and LNG projects, aiming to diversify energy supply sources and support the energy transition. The agreement emphasizes the role of LNG in achieving carbon … Read the full press release

Arkema Earns ISCC PLUS Certification for Changshu Site, Expanding Sustainable Resin Production in Asia

(IN BRIEF) Arkema has achieved ISCC PLUS certification for its Changshu production facility in China, allowing the company to introduce a new range of bio-attributed waterborne acrylic resins and additives for sustainable coating applications. Using the mass balance approach, Arkema … Read the full press release

TotalEnergies Joins RWE in 4 GW Offshore Wind Projects to Power Germany’s Energy Transition

(IN BRIEF) TotalEnergies has acquired a 50% stake in two offshore wind projects, N-9.1 and N-9.2, from RWE. Located off the German coast, these projects, with a combined capacity of 4 GW, are expected to be commissioned in 2031 and … Read the full press release

Equinor Reports Progress on Key Norwegian Energy Projects Despite Rising Costs and Delays

(IN BRIEF) Equinor provided updates on 13 key development projects in Norway, which together represent a total investment of 198 billion kroner. The projects, aimed at ensuring a secure energy supply to Europe, include the Johan Castberg and Oseberg gas … Read the full press release

RWE and TotalEnergies Join Forces to Develop 4 GW Offshore Wind Projects in Germany

(IN BRIEF) RWE and TotalEnergies have partnered to develop two large-scale offshore wind projects off the German coast, each with a capacity of 2 gigawatts (GW). TotalEnergies will acquire a 50% stake in both projects, following RWE’s successful bid in … Read the full press release

Vodafone Launches Smart Wi-Fi Backup to Keep Customers Connected During Broadband Outages

(IN BRIEF) Vodafone has launched Smart Wi-Fi Backup, a service that ensures uninterrupted internet connectivity by switching fixed broadband customers to Vodafone’s 4G or 5G network during outages. The service, which will expand across Europe in 2025, connects all devices … Read the full press release

BASF Showcases Groundbreaking Sustainable Plastic Solutions at Fakuma 2024

(IN BRIEF) BASF is showcasing its latest sustainable innovations at Fakuma 2024 under the theme #ourplasticsjourney, focusing on more efficient and eco-friendly plastic solutions. Highlights include the SIRIUS 3RV2 circuit-breaker, developed with Siemens, which uses biomass-balanced plastics, and BASF’s expanded … Read the full press release

Stellantis and Dürr Collaborate on Energy-Efficient Paint Shop, Boosting Electric Vehicle Production in Morocco

(IN BRIEF) Stellantis is partnering with Dürr to build an energy-efficient paint shop at its Kenitra site in Morocco, doubling the facility’s capacity for electric and hybrid vehicle production. The plant will utilize advanced technologies like the EcoInCure electric oven, … Read the full press release

Bechtle Expands UK Presence with Acquisition of Qolcom, Strengthening Digital and Network Solutions Portfolio

(IN BRIEF) Bechtle AG has expanded its UK operations by acquiring Qolcom Limited, a Newbury-based systems integrator specializing in digital workplace solutions, network infrastructure, and security. This acquisition strengthens Bechtle’s presence in the British IT market, linking its operations in … Read the full press release

Mercedes-Benz eEconic Powers Airbus Helicopters’ Sustainable Refueling Efforts with All-Electric Technology

(IN BRIEF) Airbus Helicopters has introduced the all-electric Mercedes-Benz eEconic to its fleet for helicopter refueling at its Donauwörth facility. Developed in collaboration with ROHR Spezialfahrzeuge, the eEconic is equipped with a 16,500-liter tank for aviation fuel, including Sustainable Aviation … Read the full press release

Euronext Expands European Derivatives Market with New Single Stock Options for Germany, Ireland, and Portugal

(IN BRIEF) Euronext has expanded its European derivatives offering by launching new Single Stock Options for German, Irish, and Portuguese stocks. The addition of 21 German options completes coverage of the DAX 40 Index, while six Irish and four Portuguese … Read the full press release

Epiroc Secures $150 Million Sustainability-Linked Loan to Drive Decarbonization in the Mining Industry

(IN BRIEF) Epiroc has secured a USD 150 million, ten-year sustainability-linked loan from the Nordic Investment Bank (NIB) to support its ambitious climate goals aimed at reducing carbon emissions in the mining industry. The agreement is tied to three key … Read the full press release

Metso Partners with Korund to Expand Distribution of Crushing and Screening Solutions in Central Asia

(IN BRIEF) Metso has signed a distribution agreement with Korund, making Korund the official distributor for Metso’s crushing and screening solutions in Kazakhstan and Kyrgyzstan. The partnership will focus on the aggregates segment, with Korund providing Metso’s equipment, wear parts, … Read the full press release

Early Success: AstraZeneca’s Airsupra Proves Highly Effective in Reducing Severe Asthma Risks in Phase III Trial

(IN BRIEF) AstraZeneca’s inhaled rescue medication, Airsupra (albuterol/budesonide), has shown significant efficacy in reducing the risk of severe asthma exacerbations in patients with intermittent or mild persistent asthma, according to high-level results from the BATURA Phase IIIb trial. The trial … Read the full press release

Sweco to Design Major Energy Storage Hub in Belgium, Boosting Renewable Energy Resilience

(IN BRIEF) Sweco has been tasked with designing the Green Turtle battery energy storage system for GIGA Storage Belgium, one of the largest in continental Europe. With a capacity of 2,800 MWh, this facility will store surplus renewable energy, such … Read the full press release

Vodafone Ranks Among Top Sustainability Leaders with Enhanced EcoVadis Score

(IN BRIEF) Vodafone has achieved a notable score of 83 out of 100 in EcoVadis’ 2024 sustainability assessment, reflecting a three-point improvement from the previous year. This score places the company in the top 1% of over 130,000 organizations assessed … Read the full press release

Eni Secures Government Backing for Liverpool Bay CCS Project, Paving the Way for a Low-Carbon Future in the UK

(IN BRIEF) Eni has secured UK Government funding for its Liverpool Bay CO₂ transport and storage project, marking a significant advancement in the HyNet carbon capture and storage (CCS) initiative. The funding will support the establishment of the UK’s CCS … Read the full press release

Experience CMA CGM’s Innovative Solutions for Perishable Goods at Fruit Attraction 2024!

(IN BRIEF) CMA CGM is excited to announce its participation in Fruit Attraction 2024, taking place from October 8th to 10th in Madrid, Spain. This major event in the fruit and vegetable sector will attract over 103,000 visitors from more … Read the full press release

Vattenfall Sets the Standard for Sustainability in Renewable Energy with New Leadership Recognition

(IN BRIEF) Vattenfall has been recognized as a leader in sustainability within the renewable energy sector following an independent assessment under the International Responsible Business Conduct (IRBC) Agreement. This agreement unites various stakeholders, including businesses, trade unions, and civil society … Read the full press release

Vattenfall Aims for Electrofuels in Aviation Amid Market Hesitation: A Look Towards the Future

(IN BRIEF) Vattenfall is actively pursuing the development of electrofuels for the aviation industry, specifically focusing on producing electro-sustainable aviation fuel (eSAF) on a large scale. Despite this ambition, the market remains hesitant, with significant growth expected to be delayed … Read the full press release

Kuehne+Nagel and LEGO Unveil State-of-the-Art Distribution Center in Australia, Advancing Sustainable Supply Chain Solutions

(IN BRIEF) Kuehne+Nagel and the LEGO Group have inaugurated a new distribution center in Truganina, Victoria, to enhance supply chain operations across Australia and New Zealand. This facility spans 26,500 square meters and can store up to 26,000 pallets, catering … Read the full press release

NAGRAVISION and Airties Team Up to Enhance Cybersecurity Solutions for Homes and Small Businesses

(IN BRIEF) NAGRAVISION has partnered with Airties to integrate the NAGRA Scout cybersecurity suite into Airties’ Smart Wi-Fi portfolio, marking a significant step toward bolstering digital security for residential and small business customers. This collaboration aims to provide a comprehensive … Read the full press release

Alstom Secures €850 Million Contract with Proxima for 12 Avelia Horizon High-Speed Trains and 15 Years of Maintenance

(IN BRIEF) Alstom has announced a significant contract with Proxima, marking the first independent entry into France’s high-speed rail market. The agreement involves the supply of 12 Avelia Horizon very high-speed trains and includes 15 years of maintenance services to … Read the full press release

Arriva Launches First Electric Bus Fleet in Budapest with Landmark Zero-Emission Contracts

(IN BRIEF) Arriva has been awarded two pioneering 12-year contracts by the Budapest Transport Centre (BKK), making it the first operator of an electric bus fleet in Hungary’s capital. Set to launch by the end of 2025, the fleet will … Read the full press release

WMG Unveils Safety Pool™ Studio, Empowering Public Input in Automated Vehicle Safety

(IN BRIEF) The University of Warwick’s WMG has launched the Safety Pool™ Studio, an innovative online platform designed to enable public participation in shaping the safety of Automated Vehicles (AVs). This first-of-its-kind platform allows users to create driving scenarios based … Read the full press release

Standard Chartered Unveils Sustainable Finance Options with New Borrowing Base Trade Loans

(IN BRIEF) Standard Chartered has officially launched its Sustainable Finance variants of Borrowing Base Trade Loans (BBTL), enhancing its suite of Sustainable Trade Finance solutions to support the decarbonization of the commodities sector. This innovative financing option will be accessible … Read the full press release

EIB Grants €150 Million Loan to Pekao Leasing to Boost Financing for Polish SMEs and Green Initiatives

(IN BRIEF) The European Investment Bank (EIB) has granted a €150 million loan to Pekao Leasing to bolster financing for small and medium-sized enterprises (SMEs) in Poland, with a focus on less-developed regions and a minimum of 20% allocated to … Read the full press release

Wood and Petrobras Collaborate to Revolutionize FPSO Design for Enhanced Safety and Sustainability

(IN BRIEF) Wood has entered a partnership with Brazilian national oil company Petrobras to develop innovative concept studies for future Floating Production Storage and Offloading (FPSO) units. The collaboration aims to optimize performance and reduce emissions over the next decade. … Read the full press release

Stagecoach to Launch Zero-Emission Cycle Shuttle Bus for Silvertown Tunnel Opening in 2025

(IN BRIEF) Stagecoach has been chosen by Transport for London to supply zero-emission buses for a new cycle shuttle service associated with the Silvertown Tunnel, which is under construction beneath the Thames and set to open in 2025. The 1.4-kilometer … Read the full press release

Breakthrough Peptide Inhibitor Targets Tau Protein Aggregation, Paving the Way for New Alzheimer’s Treatments

(IN BRIEF) An international team of researchers has made a significant breakthrough in Alzheimer’s drug development with the introduction of RI-AG03, a novel peptide inhibitor that targets and inhibits two key aggregation-promoting hotspots of the Tau protein, which is critical … Read the full press release