(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) 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) 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) 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) 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) 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) 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
(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Sweden, Transportation & Logistics
Tagged EIB, Gigafactory, investment, Maroš Šefčovič, Northvolt, partnership, Peter Carlsson, sustainabilty, Sweden, Thomas Östros
(IN BRIEF) SIX and the Swiss National Bank have unveiled SIC5, the new generation of the Swiss payment system, which sets the stage for instant payments, enabling electronic customer payments to be processed 24/7 in a matter of seconds. Over … Read the full press release
Posted in Banks, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Financial, Instant Payments, investment, partnership, SIC5, SIX, sustainability, Swiss National Bank, Swiss Payment System
(IN BRIEF) The Petroleum Authority of Uganda (PAU) and Uganda’s National Bureau of Standards (UNBS) have granted approval to SGS to offer Pre-Export Verification of Conformity (PVoC) services for equipment and materials intended for Oil and Gas projects in Uganda. … Read the full press release
(IN BRIEF) R-evolution, the sustainable innovation and green-tech investment subsidiary of Hexagon, has unveiled its forest initiative called Green Cubes, aimed at accelerating global biodiversity rainforest conservation. Utilizing Hexagon’s reality capture technology, Green Cubes allows corporations to sponsor rainforest segments … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) has provided a USD 97.3 million (EUR 88.30 million) loan to Northvolt Ett AB, as part of a consortium, for the establishment of an integrated lithium-ion battery manufacturing and recycling facility in Skellefteå, … Read the full press release
(IN BRIEF) Onera Health, a leader in sleep diagnostic and monitoring solutions, has successfully completed a €30 million ($32 million) Series C financing round. The funding was led by EQT Life Sciences and co-led by Gimv, with participation from existing … Read the full press release
(IN BRIEF) ING has reported the completion of its €2.5 billion share buyback program, which was initiated on November 2, 2023. During the week of January 8, 2024, up to January 12, 2024, the company repurchased a total of 4,485,148 … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, Share Buyback Program
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