(IN BRIEF) ABB inaugurated its renovated US robotics headquarters and manufacturing facility in Auburn Hills, Michigan, underscoring its dedication to bolstering its leadership in the US robotics market. The facility, with a 30% increase in space, will support ABB’s role … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged ABB, Auburn Hills, John Bubnikovich, leadership, Michigan, partnership, robotics, Sami Atiya, sustainability, US
(IN BRIEF) The Spanish government has awarded Rheinmetall a contract worth approximately €208 million for the supply of 94,200 155mm artillery rounds. These rounds, to be delivered between late 2024 and late 2025 with a potential two-year extension, underscore Rheinmetall’s … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Spain, Technology
Tagged Ammunition Deal, European Artillery Market, partnership, Rheinmetall, Spain
(IN BRIEF) Alfa Laval is gearing up to host a groundbreaking collaboration event on April 9th, aimed at addressing the imperative need for enhanced energy efficiency in cities to meet global net-zero targets by 2030, as per the COP28 agreement. … Read the full press release
(IN BRIEF) Nagarro, a global digital engineering leader, announced its preliminary unaudited financial numbers for the full year ending December 31, 2023. Despite achieving a revenue growth of 6.5% year-on-year, reaching €912.0 million, the company faced challenges in gross profit … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Manas Human, Nagarro
(IN BRIEF) Škoda Auto is set to reveal its 2023 financial results and outline its strategic plans via livestream on Friday, March 15 at 10:00 CET. The event, broadcasted from Mladá Boleslav, will offer a sneak peek into Škoda’s upcoming … Read the full press release
Posted in Automotive, Business, Czech Republic, Economy, Financial, Industrial, Investment, Management, Media, News, Technology
Tagged 2023 Financial Results, BEV Design Concept, investment, ŠKODA AUTO
(IN BRIEF) Despite facing challenging conditions in 2023, Volkswagen Group achieved robust financial results, showcasing its resilience and adaptability. With a strong focus on electrification and a flexible product strategy, the Group successfully met customers’ needs globally. The year also … Read the full press release
Posted in Automotive, Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Arno Antlitz, Financial, investment, Oliver Blume, sustainability, Volkswagen Group
(IN BRIEF) At the Bus2Bus 2024 event in Berlin, Daimler Buses showcased its latest advancements in electric mobility, featuring the Mercedes-Benz eCitaro fuel cell and the Setra MultiClass LE intercity bus. The eCitaro fuel cell boasts a remarkable 400-kilometre range … Read the full press release
(IN BRIEF) PNE Group secures contracts for three new wind farms totaling 26.4 MW capacity through successful bids in the Bundesnetzagentur’s round of tenders. The awarded projects include expansions in Schleswig-Holstein and Hesse, along with a new development in Brandenburg. … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, News
Tagged Bundesnetzagentur, Odensachsen, onshore wind farms, PNE group, power tender, Stuvenborn, wind energy projects, wind farms, Zinndorf
(IN BRIEF) Neste has finalized its organizational restructuring, merging its three renewable business units into one and restructuring functions to align with business-driven operations. The move aims to enhance cost-efficiency, competitiveness, and execution of growth strategy. Approximately 400 job roles … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management
Tagged Neste, organizational change, renewable energy, restructuring, Susanna Sieppi
(IN BRIEF) Thales and Neural Labs have expanded their partnership to incorporate cloud licensing, enabling Neural Labs to deploy and update licenses for their Smart Cities and Intelligent Transportation Systems solutions from any location. This collaboration, spanning over two decades, … Read the full press release
Posted in Artificial Intelligence (AI), France, Industrial, Infrastructure & Utilities, Technology, Transportation & Logistics
Tagged Cloud Licensing, intelligent transportation systems, ITS, Neural Labs, Revenue Growth Elias Varcarcel Damien Bullot, Sentinel Platform, Smart Cities, Software Monetization, software solutions, Thales
(IN BRIEF) The U.S. General Services Administration (GSA) has secured funding to support Johnson Controls’ electrification project at the Ronald Reagan Building and International Trade Center (RRBITC) in Washington, D.C. This project aims to transition the RRBITC to a fully … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Ireland, Management, Technology
Tagged AFFECT Grant, efficiency, Electrification Project, Energy Conservation Technologies, International Trade Center, John Kliem, Johnson Controls, Robin Carnahan, Ronald Reagan Building, Ronald Reagan Building and International Trade Center, RRBITC, sustainability, U.S. General Services Administration, Washington D.C.
(IN BRIEF) E.ON, a major player in Europe’s energy sector, plans to increase its investments from €33 billion to €42 billion for 2024-2028, focusing on energy networks and infrastructure. The company exceeded earnings expectations in 2023, with adjusted Group EBITDA … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Technology
Tagged dividend, E.ON, Employment, energy industry, European market, financial results, growth strategy, infrastructure, investments, Leonhard Birnbaum, Marc Spieker, renewable energy
(IN BRIEF) Equinor ASA’s nomination committee proposes Mikael Karlsson as a new member of the company’s board of directors, aiming to expand the board to 11 members following the departure of Michael Lewis. Karlsson, currently a partner and Vice Chairman … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, Norway
Tagged ABB Energy Ventures, Actis Capital, Board of Directors, Equinor ASA, Mikael Karlsson
(IN BRIEF) The DHL Global Connectedness Report 2024 reveals that despite the challenges posed by the pandemic and geopolitical conflicts, globalization has reached record highs. Trade growth has been instrumental in sustaining global connectedness, with Singapore leading the list of … Read the full press release
Posted in Business, Economy, Germany, Industrial, Transportation & Logistics
Tagged Business Growth, CHINA, Deglobalization, DHL, economic resilience, Economic Trends, Europe, geopolitical tensions, globalization, Ih-Ming Chan, International Relations, John Pearson, New York University's Stern School of Business, pandemic, Regionalization, RUSSIA, Singapore, Steven Altman, trade, United States
(IN BRIEF) In a strategic move, Husqvarna Group has announced its acquisition of ETwater, a prominent player in smart irrigation management for commercial markets in North America, from Rivulis Irrigation. ETwater’s integration into Husqvarna’s Gardena Division, specifically within the Orbit … Read the full press release
(IN BRIEF) As the threat of quantum computers grows, rendering traditional encryption methods obsolete, researchers at the Technical University of Munich (TUM) are pioneering a new approach. Led by Professor Tobias Vogl, they’re developing quantum encryption based on the immutable … Read the full press release
Posted in Business, Education, Germany, Industrial, Management, News, Science, Technology
Tagged Antonia Wachter-Zeh, Professor Tobias Vogl, Quantum satellite, TUM
(IN BRIEF) Effective March 13, 2024, Jeroen Spruyt is appointed as President of Agfa’s Radiology Solutions division and joins the company’s Executive Management Team. With a background in Applied Economics and an MBA from Vlerick Business School, Spruyt brings extensive … Read the full press release
(IN BRIEF) In a collaborative effort between Eviden, A*STAR’s Institute of High Performance Computing (IHPC) in Singapore, and MajuLab, a comprehensive initiative has been announced to benchmark and enhance the energy efficiency of quantum computing. With the potential of quantum … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News, Technology
Tagged Alexia Auffèves, Atos, Dr. Su Yi, Dr. Cédric Bourrasset, energy efficiency, Eviden, Institute of High Performance Computing (IHPC), MajuLab, partnership, quantum computing, Singapore, sustainability
(IN BRIEF) Mercedes-Benz, in collaboration with the Fraunhofer Society, conducts the world’s first X-ray crash test using a real car at the Ernst Mach Institute in Freiburg. This groundbreaking demonstration unveils previously hidden internal deformation processes during crashes, providing valuable … Read the full press release
Posted in Automotive, Germany, Industrial, Security & Safety, Technology
Tagged Automotive safety, crash testing, Dr. Malte Kurfiß, EMI, Ernst Mach Institute, Fraunhofer-Institute for High-Speed Dynamics, INNOVATION, Markus Schäfer, Mercedes-Benz, Prof. Dr. Paul Dick, research collaboration, Technology demonstration, Vehicle collision, X-ray crash
(IN BRIEF) A groundbreaking study conducted by researchers from the University of Bristol and Stellenbosch University reveals that a single burst of hot weather significantly impacts the fertility of both female and male tsetse flies, key vectors for diseases like … Read the full press release
Posted in Business, Education, Environment, Financial, Healthcare, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Disease Spread, Dr Hester Weaving, Dr Sinead English, health, heatwaves, partnership, Stellenbosch University, sustainability, Tsetse Fly Fertility, University of Bristol
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