(IN BRIEF) The Otto Group has integrated Boston Dynamics’ Stretch robot into its logistics operations, becoming the first in Europe to do so. The robot is designed to autonomously unload containers, increasing efficiency and addressing labor shortages. This move is … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Environment, Financial, Germany, Industrial, Internet & Online, Investment, Management, News, Retail, Technology, Transportation & Logistics
Tagged AI, Boston Dynamics, Europe, Kay Schiebur, logistics, Marc Theerman, Otto Group, Stretch Robot, sustainabilty
(IN BRIEF) The European Investment Bank (EIB) has provided €20.1 million to WEB Windenergie AG (W.E.B) for the construction of a new wind farm in Spannberg, Lower Austria. The project’s first phase will build four wind turbines, with plans to … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged (WEB) Windenergie AG, Austria, clean energy, EIB, partnership, sustainabilty, Thomas Östros, wind farm
(IN BRIEF) Hydro has opened a new aluminium recycling plant in Székesfehérvár, Hungary, with a capacity of 90,000 tonnes, primarily serving the automotive sector. The facility processes post-consumer scrap and production waste, supporting the demand for low-carbon, recycled aluminium. This … Read the full press release
(IN BRIEF) Continental has announced a major expansion of its aftermarket product offerings, including new sensors for driver assistance systems, chassis components, and high-pressure fuel pumps. The launch also includes the ATE New Original brake line, designed for electric vehicles … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged ATE New Original brake line, Continental, electric vehicles, Euro 7 Standards, sustainabilty
(IN BRIEF) At Automechanika 2024, Continental unveiled new sustainable products, including the CONTI NXT Multi V-belt, made from nearly two-thirds recycled and renewable materials, and the ATE New Original brake line for electric vehicles. These innovations aim to reduce environmental … Read the full press release
(IN BRIEF) Oban, Scotland, hosted the 2024 Challenger Society Conference, bringing together 267 marine scientists to discuss pressing global issues like climate change, biodiversity loss, and ocean education. The event, praised for both its scientific discussions and local hospitality, included … Read the full press release
Posted in Business, Education, Environment, Financial, Industrial, Investment, Management, Media, News, Science, Technology, United Kingdom
Tagged Alex Murray, Challenger Society Conference 2024, Marine Scientists, Oban, Prof Nick Owens, Prof Penny Holliday, Scottish Association for Marine Science (SAMS), Sir John Murray, sustainabilty
(IN BRIEF) Schroders plc has named Richard Oldfield as its next Group Chief Executive, effective November 8, 2024, pending regulatory approval. Oldfield, who joined Schroders in 2023 as CFO after a 30-year career at PwC, will succeed Peter Harrison, who … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, CEO, Dame Elizabeth Corley, leadership, Peter Harrison, Richard Oldfield, Schroders
(IN BRIEF) Evonik has partnered with Steinbeis Papier to supply carbon-neutral hydrogen peroxide for recycled paper production, reducing Steinbeis’ Scope 3 emissions. This collaboration aligns with both companies’ sustainability goals, with Steinbeis reinforcing its “ReThinking Paper” strategy. Evonik’s hydrogen peroxide … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged eco-friendly, Evonik, Hydrogen peroxide, partnership, Steinbeis Papier, sustainabilty
(IN BRIEF) DNV has launched a new service in partnership with Jupiter Intelligence to help solar photovoltaic (PV) developers assess the growing hail risk caused by climate change. The service provides data on hailstorm probability and size for specific locations … Read the full press release
(IN BRIEF) Maersk and Hapag-Lloyd have unveiled more details about their joint ocean network, Gemini Cooperation, set to launch in February 2025. The collaboration will provide two flexible network options, aiming for over 90% schedule reliability. In response to Red … Read the full press release
(IN BRIEF) BayWa AG has appointed Michael Baur, a restructuring expert from AlixPartners, as Chief Restructuring Officer (CRO) to guide the company through its financial difficulties. Baur has been working with BayWa’s management to stabilize the business and will now … Read the full press release
Posted in Agriculture, Business, Energy, Gas & Oil, Financial, Germany, Industrial, Management, News
Tagged appointment, BayWa AG, Financial Recovery, leadership, Marcus Pöllinger, Michael Baur
(IN BRIEF) ASSA ABLOY has acquired smart lock company Level Lock, based in Redwood City, California, to strengthen its digital access solutions in the Americas. Level Lock, founded in 2016, has 70 employees and reported $16 million in sales in … Read the full press release
Posted in Construction, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged acquisition, ASSA ABLOY, digital, Level Lock, Smart Lock Company
(IN BRIEF) Aurubis AG and Talga Group Ltd have partnered to develop a new process for producing recycled battery-grade graphite. The collaboration combines Aurubis’ advanced recycling methods and Talga’s innovative anode production technologies to create a sustainable, circular solution for … Read the full press release
(IN BRIEF) Pikart Lights, a Ukrainian lighting company based in Lviv, has overcome the challenges of Russia’s invasion with support from the European Bank for Reconstruction and Development (EBRD) and the EU. The company’s investment in new moulding technology has … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Ukraine, United Kingdom
Tagged Andriy Chuba, EBRD, partnership, Pikart, sustainabilty, UKRAINE
(IN BRIEF) CNP Vita Assicura, a subsidiary of CNP Assurances, has entrusted Ostrum Asset Management with a €15.6 billion asset management mandate following a competitive tender. The partnership covers fixed income, equities, and multi-asset investments, along with risk management services … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Government, Industrial, Insurance, Investment, Italy, Management, News
Tagged asset management, CNP Assurances, CNP Vita Assicura, Italy, Marco Passafiume Alfieri, Olivier Guigné, Olivier Houix, Ostrum AM, partnership
(IN BRIEF) Jørgen Vig Knudstorp, after over 20 years of leadership at LEGO and KIRKBI, will step down from his executive role by the end of 2024. He will transition into a non-executive role, focusing on children’s education initiatives through … Read the full press release
Posted in Business, Construction, Denmark, Education, Industrial, Investment, Management, News
Tagged appointment, Education, Jørgen Vig Knudstorp, KIRKBI, leadership, LEGO, Thomas Kirk Kristiansen
(IN BRIEF) The European Court of Justice (ECJ) upheld the European Commission’s decision that Google abused its dominant market position by favoring its own shopping service, misleading consumers, and harming competition. idealo, a price comparison platform, welcomed the ruling as … Read the full press release
(IN BRIEF) Colas CZ and Colas Rail have secured a €77 million contract to modernize an 8-kilometer railway line in Northern Bohemia, Czech Republic. The project, which will begin in September 2024 and finish in 2027, involves upgrading tracks, signaling … Read the full press release
(IN BRIEF) Sainsbury’s has partnered with SAP, Accenture, and AWS to modernize its commercial systems as part of its “Next Level Sainsbury’s” strategy. The project will enhance agility, reduce technology costs, and simplify internal systems by moving to cloud-based solutions. … Read the full press release
Posted in Business, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, Technology, United Kingdom
Tagged Accenture, aws, customer experience, Modernize Commercial Systems, partnership, Sainsbury, SAP
(IN BRIEF) DB Schenker, Trailer Dynamics, and CATL have partnered to explore the feasibility of Battery Swapping Technology (BST) for electric trailers in Europe. The project aims to reduce vehicle downtime and enhance efficiency with battery swaps taking just five … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged (CATL) Contemporary Amperex Technology Co., Battery Swapping Technology (BST), DB Schenker, Electric Trailers, Europe, Limited, partnership, sustainability, Trailer Dynamics
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