(IN BRIEF) Siemens AG, a leading industrial company in Germany, is taking significant steps towards sustainability by partnering with Volkswagen Financial Services to electrify its fleet. The plan involves gradually adding up to 1,000 leased Volkswagen ID.4 electric vehicles to … Read the full press release
(IN BRIEF) QuantumScape, a U.S. technology company specializing in solid-state batteries, has achieved a significant breakthrough in battery development, as confirmed by PowerCo. Their solid-state cell has surpassed expectations by successfully completing over 1,000 charging cycles while retaining 95% of … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged battery, electric vehicle, Frank Blome, Jagdeep Singh, partnership, PowerCo, QuantumScape, sustainability, technology, USA, Volkswagen
(IN BRIEF) In November 2023, approximately 46.1 million persons residing in Germany were employed, marking a slight increase in employment. According to provisional calculations from the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose by … Read the full press release
Posted in Economy, Germany, Government
Tagged Destatis, Employment, employment rate, Federal Statistical Office, Germany, labour force survey, Persons in employment, skilled labour
(IN BRIEF) Deutsche Telekom has launched the APPVISORY Secure App Check service, leveraging artificial intelligence (AI) technology to enhance the security of business cell phones and tablets. This service automatically scans applications for security and data protection vulnerabilities, offering real-time … Read the full press release
(IN BRIEF) In a significant move to boost electric mobility in Europe, Elli (Volkswagen Group Charging) has expanded its charging network to offer access to more than 600,000 charge points across 27 European countries. This expansion is part of Elli’s … Read the full press release
(IN BRIEF) In celebration of its 125th anniversary, RWE established the RWE Foundation with a substantial starting capital of 125 million euros, dedicated to fostering equal opportunities for children and young people across Europe. The foundation recently unveiled two of … Read the full press release
Posted in Business, Education, Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News, Non Profit, Society
Tagged Disadvantaged Youth, donation, Education, Endowment, Gabriele Tennagels, RWE, RWE Foundation, society
(IN BRIEF) Vestas, the global wind turbine manufacturer, has clinched a significant order for 254 MW to power an undisclosed wind project in Australia. The order encompasses 41 V162-6.2 MW wind turbines sourced from Vestas’ EnVentus platform. In addition to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Australian Project, partnership, sustainability, Vestas, wind turbine
(IN BRIEF) Rheinmetall, a technology enterprise, has secured a significant contract worth approximately €328 million from the Romanian Ministry of Defence. This contract involves the comprehensive modernization of Romania’s Oerlikon GDF 103 air defence artillery systems, marking Rheinmetall’s first major … Read the full press release
Posted in Defence, Germany, Government, Industrial, Romania, Transportation & Logistics
Tagged 35mm GDF009 TREO Oerlikon Twin Guns, 35mm Gepard antiaircraft tank, air defence artillery systems, air defence system, Armin Papperger, EU Member, NATO, Oerlikon GDF 103, Oerlikon Skymaster TLCN fire control system, Rheinmetall, Romania, Romanian air defence systems, Romanian ministry of defence, Skynex, tracking radar, X-Band Tactical Acquisition Radar 3D, X-TAR3D
(IN BRIEF) Vestas has received a confirmed order from UAB Vejoteka, a subsidiary of Enefit Green, for the Kelme II wind farm project located in Lithuania. The order comprises 14 V162-6.2 MW wind turbines, encompassing supply, delivery, and commissioning services. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News
Tagged Andres Maasing, Enefit Green, Jens Pinderup, Kelme II Wind Farm, Lithuania, partnership, sustainability, UAB Vejoteka, V162-6.2 MW wind turbines, Vestas, wind turbines
(IN BRIEF) Vestas has received a confirmed order from BayWa r.e. for the Dollenkamp project located in Brakel, North Rhine-Westphalia, Germany. The order comprises eight V162-5.6 MW wind turbines, covering supply, delivery, and commissioning services. Once operational, Vestas will provide … Read the full press release
(IN BRIEF) BioNTech and Duality Biologics have received Breakthrough Therapy designation from the FDA for their antibody-drug conjugate (ADC) candidate, BNT323/DB-1303. The designation is for the treatment of advanced endometrial cancer in patients who have progressed following immune checkpoint inhibitor … Read the full press release
Posted in Germany, Healthcare, Pharma & Biotech, Technology
Tagged advanced endometrial cancer, antibody-drug conjugate, BioNTech SE, BNT323, Breakthrough Therapy, DB-1303, Duality Biologics, DualityBio, endometrial cancer, FDA, HER2, Human Epidermal Growth Factor Receptor 2, Prof. Özlem Türeci M.D., uterine cancer, Vivian Gu M.D.
(IN BRIEF) BASF SE’s Supervisory Board has nominated Tamara Weinert (58), currently President and CEO of Business Area Americas at Outokumpu in the United States, as a shareholder representative on the Supervisory Board. The election is scheduled for the Annual … Read the full press release
Posted in Business, Chemicals, Germany, Management
Tagged appointment, BASF SE, Dame Alison Carnwath, Dr. Kurt Bock, leadership, Outokumpu, Supervisory Board, Tamara Weinert
(IN BRIEF) BASF SE, a global chemicals and materials company, has announced strategic changes in the responsibilities of its Board of Executive Directors. Dr. Stephan Kothrade will take on additional roles as Chief Technology Officer and oversee Group Research, effective … Read the full press release
(IN BRIEF) BASF SE, a global chemicals and materials company, has unveiled a succession plan for its Board of Executive Directors. Dr. Markus Kamieth will become Chairman of the Board, succeeding Dr. Martin Brudermüller, effective April 25, 2024. Anup Kothari … Read the full press release
(IN BRIEF) Deutsche Bank is significantly increasing its investment in Indonesia by doubling its local capital to IDR 10 trillion (EUR 600 million). This move reflects the bank’s commitment to the Indonesian market, where it has a 54-year history. It … Read the full press release
Posted in Banks, Financial, Germany, Investment
Tagged Alexander von zur Muehlen, Cash Management, custody, Deutsche Bank, FX, Indonesia, Investment Banking, Siantoro Goeyardi, trade finance
(IN BRIEF) ZF, a technology company, has announced a change in its business model for the global shuttle business, opting to refocus on becoming a leading technology supplier for autonomous driving. The company has decided to abandon its previous goal … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Autonomous Driving Technology, supplier, ZF
(IN BRIEF) Voith, a technology company, is set to supply electrical and mechanical equipment for Angola’s Caculo Cabaça hydropower plant. The order includes the installation of turbines, generators, control systems, and training programs. Located on the Kwanza River, the plant … Read the full press release
(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release
(IN BRIEF) BioNTech has achieved a significant milestone in expanding mRNA vaccine manufacturing in Africa with the inauguration of its Kigali site, which includes the first manufacturing unit known as BioNTainer. This move is part of BioNTech’s broader efforts to … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Africa, BioNTainer, BioNTech, Dr. Jean Kaseya, H.E. Macky Sall, H.E. Paul Kagame, H.E. Ursula von der Leyen, Hon. Annalena Baerbock, Moussa Faki Mahamat, mRNA Vaccine, Prof. Ugur Sahin, Rwanda, Sierk Poetting, vaccine
(IN BRIEF) Effective from March 1, 2024, Jörg Vocke will take over as the new CEO of Siemens Real Estate (SRE), the real estate subsidiary of Siemens. Reporting directly to Ralf P. Thomas, Chief Financial Officer of Siemens AG, Vocke … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Real Estate, Technology
Tagged appointment, CEO, Jörg Vocke, leadership, Ralf P. Thomas, Siemens Real Estate, Zsolt Sluitner
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