(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release
Posted in Business, Industrial, Luxembourg, Management, Metals and Minerals
Tagged Annual General Meeting, ArcelorMittal, board committee, Luxembourg, Mrs. Karyn Ovelmen, shareholders, STEEL
(IN BRIEF) Stora Enso has released its Green and Sustainability-Linked Financing Report for 2023, highlighting the allocation of proceeds from green bonds and bilateral loans. The report details the environmental benefits achieved through projects in sustainable forest management and product … Read the full press release
(IN BRIEF) Borealis has received Letters of No Objection (LNOs) from the US Food & Drug Administration (FDA) for specific grades of its Borcycle™ M post-consumer recycled plastics (PCR) to be used in food-grade packaging. This milestone underscores Borealis’ commitment … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) and Aalto University Foundation sign a EUR 45 million loan agreement for the construction and renovation of Aalto University campus buildings in Espoo, Finland. The funding supports projects aimed at enhancing higher education, research, … Read the full press release
Posted in Banks, Construction, Education, Financial, Finland, Industrial, Infrastructure & Utilities
Tagged Aalto University, Aalto University Foundation, Aalto-korkeakoulusäätiö sr, construction, Espoo, financing, Finland, K3, Kide, Kide buildings, loan, Marsio, NIB, Otaparkki, renovation
(IN BRIEF) Thales, a leading European high-tech company in civil and defense sectors, announces the launch of cortAIx, an AI accelerator. cortAIx aims to equip armed forces, aircraft manufacturers, and critical infrastructure operators with secure and efficient AI solutions. Thales … Read the full press release
Posted in Artificial Intelligence (AI), Aviation & Aerospace, Defence, France, Industrial, Security & Safety, Technology, Telecom
Tagged aerospace, AI, AI accelerator, AI capabilities, air defence radars, Air Traffic Control systems, AirMaster surveillance radars, civil, cortAIx, cortAIx Factory, cortAIx Lab, cortAIx Sensors, Critical Infrastructure, Cybersecure AI, Cybersecurity, data analysis, defence fields, defense technology, digital identity, optronics, Patrice Caine, radar, radio, RESEARCH, Sensors, Sonar, Talios pod, Thales, Thales sensors
(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management
Tagged 100th anniversary, Compagnie Française des Pétroles, COP28, decarbonized power, Direct Energie, electricity, Elf-Aquitaine, ENERGY, energy transition, France’s energy supply, hydrocarbons, LNG, Maersk Oil, multi-energy company, natural gas, oil, Petrofina, renewables, Saft, TotalEnergies
(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Clarity, Financial, investment
(IN BRIEF) Daimler Truck AG has finalized a new revolving credit line worth €5 billion, capitalizing on favorable market conditions to replace its existing syndicated credit line set to mature. Coordinated by BNP Paribas, Deutsche Bank, and LBBW, with participation … Read the full press release
(IN BRIEF) Jenoptik AG announces impressive financial results for the fiscal year 2023, highlighted by a considerable increase in revenue and profitability. The company’s photonics business, particularly in the semiconductor equipment sector, drove significant organic revenue growth of 8.7 percent … Read the full press release
(IN BRIEF) Truro and Penwith College, in collaboration with the University of Exeter, has expanded its Mature Access Pathway program, aimed at facilitating mature students’ transition to university education and career advancement. This initiative offers tailored support, including workshops, talks, … Read the full press release
(IN BRIEF) Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has announced that its Sishen and Kolomela mines in South Africa have attained the Initiative for Responsible Mining Assurance’s (IRMA) IRMA 75 level of performance. This achievement underscores … Read the full press release
Posted in Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged Aimee Boulanger, Anglo American, Awards, IRMA 75 Performance Level, Kolomela, Kumba Iron Ore, mining, Mpumi Zikalala, Sishen, South Africa, sustainability, Themba Mkhwanazi
(IN BRIEF) The Alan Turing Institute has released a groundbreaking report suggesting that Large Language Models (LLMs) could revolutionize efficiency and safety within the finance sector. The research explores how LLMs can detect fraud, generate financial insights, and automate customer … Read the full press release
(IN BRIEF) ASSA ABLOY, a global leader in access solutions, has announced its agreement to acquire Nomadix and Global Reach, prominent providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate sectors in the US … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Internet & Online, Management, News, Technology, United Kingdom
Tagged acquisition, ASSA ABLOY, Global Reach, Hospitality, Nico Delvaux, Nomadix, partnership, Stephanie Ordan, sustainability, USA
(IN BRIEF) On March 27, 2024, Logicor, a prominent player in European logistics real estate, finalized the acquisition of two greenfield land plots in key logistics hubs in Sweden. With plans to develop over 100,000 sqm of new logistics space, … Read the full press release
(IN BRIEF) Investor AB has announced the convening of its Annual General Meeting (AGM) scheduled for May 7, 2024, at China Teatern in Stockholm, Sweden. Shareholders are encouraged to participate either in person or via advance voting. The meeting will … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Annual General Meeting, Investor AB, Jacob Wallenberg, Johan Forssell
(IN BRIEF) Investor AB’s Nomination Committee has submitted proposals for the upcoming Annual General Meeting on May 7, 2024, regarding the composition of the Board of Directors. The committee suggests thirteen members, including notable re-elections such as Gunnar Brock, Magdalena … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged 2024 Annual General Meeting, Anders Oscarsson, appointment, Board of Directors, Christian Cederholm, Grace Reksten Skaugen, Gunnar Brock, Hans Stråberg, Investor AB, Isabelle Kocher, Jacob Wallenberg, Johan Forssell, Katarina Berg, leadership, Leif Johansson, Magdalena Gerger, Magnus Carlsson, Marcus Wallenberg, Mats Rahmström, nominations, Peder Hasslev, Sara Öhrvall, Sven Nyman, Tom Johnstone
(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, investment, Investor AB, Jacob Wallenberg, Johan Forssell, sustainability
(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Expansion Strategy, financial performance, investment, Markus Lesser, PNE AG
(IN BRIEF) Adyen collaborates with Riverty, a part of the Bertelsmann Group, to offer merchants in the DACH region a new 14-day invoice Buy Now, Pay Later (BNPL) payment method seamlessly integrated into Adyen’s fintech platform. This partnership aims to … Read the full press release
Posted in Banks, Business, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Retail, Technology
Tagged 14-Day Invoice, Adyen, Bertelsmann Group, buy now, Hella Fuhrmann, Netherland, partnership, Pay Later Solution, Riverty, Walter Drieenhuizen
(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain
Tagged BBVA, carbon footprint, partnership, renewable energy, sustainability
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