(IN BRIEF) On January 16, 2024, Outokumpu announced the completion of its share repurchase program, which included the acquisition of 254,118 of its own shares across various trading venues. The weighted average price per share was approximately 4.09 EUR, resulting … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Copper Giant, Financial, investment, Outokumpu, shares
(IN BRIEF) bp, the global energy company, is set to expand its presence in the European commercial and industrial (C&I) energy supply sector with the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier in Germany. This acquisition will strengthen … Read the full press release
(IN BRIEF) BASF, a global chemical company, has released its 2023 Color Report for Automotive OEM Coatings, highlighting changing trends in automotive paint choices. The report shows that while achromatic colors (white, black, gray, and silver) remain dominant for non-commercial … Read the full press release
(IN BRIEF) Swisscom has announced a significant collaboration with NVIDIA to create generative AI (GenAI) full-stack supercomputers in Switzerland, utilizing NVIDIA accelerated computing and the NVIDIA AI Enterprise software platform, including the NeMo framework. This partnership aims to develop standard … Read the full press release
Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, Telecom
Tagged AI solutions, AI Supercomputers, Christoph Aeschlimann, investment, Keith Strier, NVIDIA, partnership, sustainabilty, Swisscom, Switzerland, technology
(IN BRIEF) Stellantis has announced that Carlos Zarlenga will assume the role of leading Stellantis North America, effective February 1, 2024, taking over from Mark Stewart. Zarlenga, who brings over a decade of automotive experience and a strong financial background, … Read the full press release
Posted in Automotive, Business, Industrial, Management, Netherlands, News
Tagged appointment, Carlos Tavares, Carlos Zarlenga, electrification, leadership, Mark Stewart, North America, Performance Improvement, Stellantis
(IN BRIEF) Deutsche Telekom has achieved a top-ten position in the “Brand Finance Global 500” study, making it one of the world’s most valuable brands. The company also secured the top spot as the most valuable telecommunications brand globally, surpassing … Read the full press release
(IN BRIEF) SIXT, the premium mobility service provider, and Stellantis, a major global automaker, have reached a multi-billion euro agreement, allowing SIXT to potentially purchase up to 250,000 vehicles for its rental fleet across Europe and North America over the … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Netherlands, News, Technology
Tagged Carlos Tavares, Konstantin Sixt, partnership, Rental Fleet, Sixt, Stellantis, sustainabilty, vehicles
(IN BRIEF) Henkel, a global company, is introducing a pioneering gender-neutral parental leave policy for its 50,000 employees worldwide, starting in 2024. This new initiative offers up to eight weeks of fully paid parental leave based on the caregiver’s role … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management, Society
Tagged caregiver, Carsten Knobel, Childcare, equal parenting, gender equity, gender-neutral parental leave, Henkel, inclusivity, parental leave, Sylvie Nicol
(IN BRIEF) Skanska has secured a contract worth NOK 673 million (approximately SEK 660 million) from DNB Livsforsikring AS, via its subsidiary Trondheim Torg AS, for the renovation and expansion of an existing commercial office building in Trondheim, Norway. This … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Real Estate, Sweden
Tagged DNB Livsforsikring, Norway, office building, partnership, Skanska, sustainabilty, Trondheim
(IN BRIEF) Škoda Auto has begun series production of its second-generation Kodiaq SUV at the Kvasiny plant in the Czech Republic. The company invested €49 million to modernize and expand the production facilities, enabling the plant to produce up to … Read the full press release
Posted in Automotive, Czech Republic, Industrial, Technology
Tagged Andreas Dick, Czech Republic, Karoq SUV, KODIAQ, Kodiaq SUV, Kvasiny, ŠKODA AUTO, SUPERB, SUV, welding shop
(IN BRIEF) Voith and Schumacher Packaging have achieved the successful startup of PM 2 in Myszków, Poland, following a comprehensive modernization project. The rebuild, led by Voith, has doubled the production capacity of lightweight containerboard grades from 500 to 1,000 … Read the full press release
(IN BRIEF) On January 15, the Nordic Investment Bank (NIB) issued a new NZD 600 million Kauri bond, reaffirming its presence in the Kauri Market and receiving recognition as the ‘Kauri Issuer of the Year’ at the KangaNews 2023 awards. … Read the full press release
(IN BRIEF) Savills has bolstered its EMEA data centre advisory team by bringing in Rupert Duckworth as an associate director at the company’s Margaret Street head office. With over six years of experience in the real estate sector, specializing in … Read the full press release
Posted in Business, Industrial, Management, News, Real Estate, United Kingdom
Tagged appointment, Cameron Bell, EMEA Data Centre Advisory Team, leadership, Rupert Duckworth, Savills, Scott Newcombe
(IN BRIEF) The European Commission has awarded a consortium led by Deutsche Telekom, named “Nostradamus,” the task of constructing testing infrastructure for quantum key distribution (QKD). This initiative will facilitate the evaluation of QKD devices from European manufacturers, a crucial … Read the full press release
Posted in Business, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Security & Safety, Technology, Telecom
Tagged Cybersecurity, Daniela Theisinger, Deutsche Telekom, European Commission, EuroQCI, Helmut Leopold, infrastructure, Joan Mazenc, Nostradamus, partnership, quantum key distribution, sustainabilty, Thales
(IN BRIEF) Bentley Motors, located in Crewe, has pledged its commitment to the Armed Forces Community by signing the Armed Forces Covenant, a national initiative aimed at supporting military personnel and their families. The company aims to treat those who … Read the full press release
(IN BRIEF) Aviva has successfully finalized a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan, sponsored by Office Depot UK Pension Sponsor Limited. This transaction covers around 1,500 members … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Aviva, Bulk Annuity Deal, Emma Thomas, Financial, investment, Jani Singh, Member Benefits, Michelle Doman, Mike Roberts, Niamh Hamlyn, pension, retirement
(IN BRIEF) HEINEKEN, the world’s leading brewer, has partnered with Siemens to advance its global Net Zero Production roadmap. The collaboration aims to achieve net-zero emissions in Scopes 1 and 2 across all production sites by 2030. Siemens will deploy … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Food & Beverage, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Switzerland, Technology
Tagged Dolf van den Brink, Heineken, Matthias Rebellius, Net Zero Production, Netherland, partnership, Siemens, sustainabilty
(IN BRIEF) The Baltic Power offshore wind farm, a collaboration between ORLEN Group and Northland Power, is set to become the world’s first to construct wind turbines using low-emission steel produced predominantly from recycled materials in an electric arc furnace … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Poland
Tagged Baltic Power, Daniel Obajtek, Dieter Dehoorne, Low-Emission Steel, Mike Crawley, Northland Power, offshore wind farm, ORLEN, partnership, recycled materials, sustainabilty, turbines
(IN BRIEF) Siemens Digital Industries Software has unveiled the new Teamcenter SLM app on Salesforce AppExchange, developed in partnership with Salesforce. This app combines Siemens’ Teamcenter Service Lifecycle Management (SLM) solution with Salesforce Manufacturing Cloud and Salesforce Service Cloud, bridging … Read the full press release
(IN BRIEF) Shell has entered into an agreement to divest its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to the Renaissance consortium. This consortium comprises four Nigerian exploration and production companies and an international energy … Read the full press release
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