(IN BRIEF) Prudential and Google Cloud have partnered to launch an AI Lab in Singapore, focused on developing AI-driven solutions to enhance customer experiences, improve healthcare access, and optimize operations in the insurance sector. The Lab will empower Prudential’s 15,000 … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Healthcare, Industrial, Insurance, Internet & Online, Investment, Management, News, Technology, United Kingdom
Tagged Africa, AI Lab, ASIA, Google Cloud, Healthcare, insurance, partnership, Prudential, Singapore, sustainability, Thomas Kurian
(IN BRIEF) ENGIE has reached Financial Close for the Goorambat East Solar Farm, a 250 MW renewable energy project in northern Victoria. With construction set to begin soon and completion expected by 2026, the solar farm will provide enough electricity … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Australia, ENGIE, expansion, Financial, Goorambat East Solar Farm, Ms. Laura Caspari, partnership, renewable energy, sustainability, Victoria
(IN BRIEF) The European Investment Fund (EIF) has invested €50 million in Nine Realms’ new venture capital fund, Nine Realms Fund I K/S, which aims to raise €200 million to support early-stage companies focused on sustainable supply chain technology. The … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged EIF, Europe, Germany, INNOVATION, Marjut Falkstedt, Nine Realms, partnership, Sune Stilling, supply chain, sustainability
(IN BRIEF) Schroders Capital has secured a £2 billion real estate mandate from the Wales Pension Partnership (WPP), following a previous £500 million private equity mandate. This new mandate will see up to £400 million invested in local initiatives across … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, United Kingdom
Tagged Cllr Elwyn Williams, investment, partnership, Paul Myles, real estate, Schroders, Schroders Capital, Sophie Van Oosterom, sustainability, UK, Wales Pension Partnership
(IN BRIEF) 50Hertz has received approval from the Federal Network Agency (BNetzA) to upgrade the Thuringian section of the 380-kV Mecklar-Vieselbach overhead line by converting it to high-temperature conductors. This decision, issued ahead of schedule, allows 50Hertz to increase the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 50Hertz, Federal Network Agency (BNetzA), High-Temperature Conductors, Mecklar-Vieselbach, partnership, sustainability, Sylvia Borcherding
(IN BRIEF) IKEA is launching a year-long campaign focused on improving sleep quality, starting with an attempt to break the GUINNESS WORLD RECORDS™ for the largest pyjama gathering in Älmhult, Sweden, on August 28th. The initiative responds to increasing customer … Read the full press release
Posted in Business, Financial, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Retail, Sweden
Tagged IKEA, Ingka Holding, Pyjama Gathering, Sleep Improvement Campaign, Sweden
(IN BRIEF) PUMA has announced leadership changes to bolster its presence in the GCC and surrounding regions. Johan Kuhlo has been appointed as Managing Director for the GCC, overseeing key markets like the UAE and Saudi Arabia, effective September 1. … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Germany, Government, Industrial, Management, News, Sports, Technology, Turkey
Tagged appointments, Arne Freundt, GCC, Johan Kuhlo, leadership, Middle East, Peter Dangl, PUMA, Taner Seyis, Turkey
(IN BRIEF) RWE has signed two long-term power purchase agreements (PPAs) with Meta to supply clean energy from two solar farms under construction in the U.S., with a combined capacity of 374 megawatts. These solar projects, located in Illinois and … Read the full press release
(IN BRIEF) Rheinmetall has announced plans to acquire Loc Performance Products, LLC, a U.S.-based vehicle specialist, for $950 million. This strategic acquisition aims to strengthen Rheinmetall’s position in the U.S. defense market and expand its production capabilities for military vehicles, … Read the full press release
Posted in Business, Defence, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged acquisition, Armin Papperger, Jason Atkinson, Loc Performance, Matthew Warnick, partnership, Rheinmetall, sustainability, U.S. Defense Operations
(IN BRIEF) ANDRITZ has supplied key equipment for Mondi’s containerboard mill in Kuopio, Finland, as part of an expansion and upgrade project. The delivery includes a new hardwood NSSC production line and an upgraded woodyard, which will increase the mill’s … Read the full press release
Posted in Austria, Business, Chemicals, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, equipment, Finland, Juha Koukka, Mondi, NSSC Production Line, partnership, sustainability, Woodyard Upgrade
(IN BRIEF) ANDRITZ has been contracted to supply the world’s first industrial-scale fiberboard recycling line to Sonae Arauco’s mill in Mangualde, Portugal. This innovative system will recycle end-of-life fiberboards into valuable fibers for new fiberboard production. Sonae Arauco emphasized the … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Portugal, Technology
Tagged Andritz, Fiberboard Recycling, Michael Frint, partnership, Paulo Pinto De Sousa, PORTUGAL, Sonae Arauco, Steam-Ex technology, sustainability
(IN BRIEF) Nadiadwala Grandson Entertainment (NGE) and Banijay Asia have announced a strategic collaboration to produce original series, films, and adaptations of international hits, aiming to bring a new wave of premium content to Indian audiences. The partnership, driven by … Read the full press release
(IN BRIEF) Rolls-Royce and Yuchai Diesel are expanding their joint venture, MTU Yuchai Power, to increase production of Rolls-Royce’s mtu engines in China. The expansion will include more variants of the mtu Series 2000 and 4000 engines, with plans to … Read the full press release
(IN BRIEF) Rolls-Royce has been awarded a contract to supply its Mission Bay Handling System (MBHS) for the UK Royal Navy’s Type 26 City-class frigates. The contract, in partnership with BAE Systems, includes the production of five MBHS units at … Read the full press release
(IN BRIEF) NatWest has completed a £1.1 billion securitisation deal, backed by Nuveen Infrastructure and Christofferson Robb & Company, to increase its lending capacity in the renewable energy sector. The transaction, which provides credit protection for a portfolio of around … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Alberto Abascal, Christofferson Robb & Company, Claudio Vescovo, David Fitoussi, lending, NatWest, Nuveen Infrastructure, partnership, renewable energy, sustainability
(IN BRIEF) SISTO Armaturen S.A., part of the KSB Group, has developed the SISTO-CM1300, an automated multi-port valve designed to optimize pharmaceutical production processes. This valve automates the switching of fluids in cleaning and sterilization processes, reducing the risk of … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Pharma & Biotech, Technology
Tagged KSB, Luxembourg, Multi-Port Valve, partnership, Pharmaceutical Production, SISTO Armaturen S.A., sustainability
(IN BRIEF) HENSOLDT has received a new order from the Bundeswehr for its “Dynahawk” fire control sights, which will enhance the accuracy and operational capability of anti-tank weapons. The contract, worth several million euros, includes deliveries through 2025, with an … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged 'Dynahawk' Fire Control Sights, Bundeswehr Capabilities, Hensoldt, Josef Reif
(IN BRIEF) HOCHTIEF PPP Solutions GmbH has been awarded a significant infrastructure maintenance contract by North Lanarkshire Council in Scotland, worth at least EUR 190 million. The contract, which covers road maintenance, bridge repairs, and other critical infrastructure services, will … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, United Kingdom
Tagged ACS, Andreas Hoppe, Councillor Helen Loughran, HOCHTIEF, infrastructure, North Lanarkshire, partnership, Peter Coenen, Scotland, sustainability
(IN BRIEF) Ahold Delhaize has launched a new app for its Belgian brand, Delhaize, as part of a six-country rollout plan. This app enhances customer experience with an intuitive interface, enriched loyalty features, and improved in-store functionalities. The app, designed … Read the full press release
Posted in Belgium, Business, Environment, Financial, Food & Beverage, Government, Industrial, Internet & Online, Investment, Management, Marketing, Netherlands, News, Retail, Technology
Tagged Ahold Delhaize, Belgium, Delhaize App, digital experience, Europe, Lefteris Geranios, partnership, sustainability
(IN BRIEF) Wolters Kluwer Compliance Solutions has launched the AI-powered OneSumX® Reg Manager to help small to medium-sized U.S. insurance carriers manage regulatory changes more effectively. Part of the OneSumX portfolio, this new tool provides automated tracking of regulatory updates, … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Government, Industrial, Investment, Management, Netherlands, News, Technology
Tagged AI, OneSumX® Reg Manager, partnership, U.S. Insurers, Vikram Savkar, Wolters Kluwer
(IN BRIEF) Eckert & Ziegler has signed a multi-year agreement with Telix Pharmaceuticals to serve as the European contract manufacturing organization for Telix’s ProstACT GLOBAL Phase III study. The agreement includes supplying patients from Eckert & Ziegler’s Berlin facility and … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
(IN BRIEF) Evotec SE has made significant progress in its strategic partnership with Bristol Myers Squibb, focused on developing a molecular glue-based therapy pipeline. This success has led to $75 million in milestone payments to Evotec. The partnership, which began … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Bristol-Myers Squibb, Dr Cord Dohrmann, Evotec, Molecular Glue, partnership, sustainability, USA
(IN BRIEF) CANCOM Group saw a 29.1% increase in revenue in the first half of 2024, reaching €835.3 million, with significant contributions from its International segment, particularly the CANCOM Austria Group. EBITDA rose to €55.5 million, while operating cash flow … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Government, Industrial, Investment, News, Technology
Tagged Austria, CANCOM Group, Financial, investment, partnership, Rüdiger Rath
(IN BRIEF) The Rothschild Logistic Group has renewed its lease for a strategically located 18,000 sqm property in Bedburg, North Rhine-Westphalia, for another five years. Situated between Düsseldorf and Cologne, the facility offers 24/7 operations, excellent motorway access, and strong … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged Bedburg Facility, Cologne, Düsseldorf, Logicor, logistics hub, partnership, Rothschild Logistic Group, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey, United Kingdom
Tagged EBRD, Packaging Production, partnership, Polinas, sustainability, Turkey
(IN BRIEF) The EBRD is lending €70 million to Ukraine’s Nova Post to support its 2024 expansion plans, which include enhancing delivery services and building over 600 bomb shelters. The loan will help Nova Post maintain operations during wartime, support … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics, Ukraine, United Kingdom
Tagged Arvid Tuerkner, delivery services, EBRD, Nandita Parshad, Nova Post, partnership, Petro Fokov, sustainability, UKRAINE, Wartime Challenges
(IN BRIEF) Voith has successfully implemented its Infinity S seamed felts on Navigator Paper Setúbal’s PM 1 and PM 3 machines, marking a significant achievement in the paper industry. This transition, resulting from a three-year collaboration, enhances safety, reduces felt … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Portugal, Technology
Tagged Navigator Paper, Orlando Ferreira, partnership, PM 1, PM 3, PORTUGAL, Seamed Felts, Setúbal, sustainability, Voith
(IN BRIEF) AstraZeneca and Daiichi Sankyo’s Enhertu has received conditional approval in China for treating locally advanced or metastatic HER2-positive gastric cancer, following promising results from the DESTINY-Gastric06 trial. This marks the third approval for Enhertu in China in less … Read the full press release
Posted in Business, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Security & Safety, Technology, United Kingdom
Tagged Approval, AstraZeneca, CHINA, Daiichi Sankyo, Dave Fredrickson, DESTINY-Gastric01, Dr. Lin Shen, Enhertu, HER2-Positive Gastric Cancer Treatment, partnership, safety, sustainability
(IN BRIEF) WinGD is collaborating with CMA CGM to conduct the first real-world trial of its Variable Compression Ratio (VCR) technology on a dual-fuel vessel. This innovative technology, which dynamically adjusts the compression ratio in response to fuel type and … Read the full press release
(IN BRIEF) Schindler Olayan will supply 293 elevators, escalators, and moving walks to The Avenues – Riyadh, a vast new multi-purpose development in Saudi Arabia’s capital. This project, featuring the Middle East’s largest commercial mall and five multipurpose towers, will … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, Transportation & Logistics
Tagged Danilo Calabrò, elevators, escalators, partnership, Riyadh, Schindler, Schindler Olayan, sustainability, The Avenues
(IN BRIEF) ÖBB Rail Cargo Group (RCG) has introduced a new TransFER route connecting Salzburg, Austria, with Augsburg, Germany, to enhance the logistics chain across Central and South-Eastern Europe. The service operates two round trips weekly, offering direct, non-stop transport … Read the full press release
Posted in Austria, Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Germany, logistics network, ÖBB Rail Cargo Group, partnership, Salzburg–Augsburg Rail Link, sustainability
(IN BRIEF) The Technical University of Munich (TUM) played a key role in helping the German beach volleyball team of Nils Ehlers and Clemens Wickler secure a silver medal at the Paris Olympics. The team’s success was supported by innovative … Read the full press release
Posted in Awards, Business, Education, Entertainment, Financial, Germany, Government, Industrial, Investment, Management, Media, News, Sports, Technology
Tagged Beach Volleyball Team, Clemens Wickler, Fabian Tobias, German Volleyball Association (DVV), Jonas Reckermann, Julius Brink, Kira Walkenhorst, Laura Ludwig, Nils Ehlers, Olympic Silver, Paris Olympics, software, TUM
(IN BRIEF) RWE has inaugurated a pilot electrolyser plant in Lingen, Germany, aimed at advancing green hydrogen production. The 14-megawatt facility, which can generate up to 270 kilograms of green hydrogen per hour using renewable energy, will provide insights for … Read the full press release
(IN BRIEF) RWE has successfully secured two offshore wind sites in the German North Sea, N-9.1 and N-9.2, with a total capacity of 4 gigawatts, during a recent federal auction. The company will pay €250 million for these sites, located … Read the full press release
(IN BRIEF) A major review involving research from the University of Liverpool has revealed significant failings in child imprisonment reforms in England over the past 25 years. Titled Why Child Imprisonment is Beyond Reform: A Review of the Evidence, the … Read the full press release
Posted in Business, Education, Financial, Government, Industrial, Law, Management, News, Society, United Kingdom
Tagged Child Imprisonment Reforms, England, Professor Barry Goldson, University of Liverpool
(IN BRIEF) Outokumpu is advancing its entry into the metal powder market for additive manufacturing, transitioning to commercial production after a successful pilot year at its Krefeld facility in Germany. The company aims to produce up to 330 tons of … Read the full press release
Posted in Business, Environment, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Marten Franz, Metal Powder Production, Outokumpu, partnership, sustainability
(IN BRIEF) TotalEnergies has commenced production at the Anchor field in the US Gulf of Mexico, where it holds a 37.14% interest alongside operator Chevron. The project, which began development in December 2019, features subsea wells connected to a semi-submersible … Read the full press release
(IN BRIEF) Amazon and Barclays have launched the Amazon Barclaycard, a new co-branded credit card in the UK that rewards customers for everyday spending. The card offers up to 2% back in Amazon Barclaycard Rewards, with 1% on Amazon purchases … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged Amazon, Amazon Barclaycard, Barclays, credit card, John Boumphrey, partnership, Rewards, shopping, Steve Weston, sustainability, USA
(IN BRIEF) On August 12, 2024, Arrow Energy announced plans to expand its Surat Gas Project in Queensland, Australia, with significant investment from Shell. Phase 2 is expected to produce about 22,400 barrels of oil equivalent per day at peak … Read the full press release
(IN BRIEF) Schaeffler is expanding its global electric vehicle charging infrastructure by adding 5,000 new charging points by 2030, with 3,000 in Europe. This initiative is part of the company’s sustainability program. Pilot projects have started at Herzogenaurach and Schweinfurt … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
