Financial

BKW Secures CHF 1 Billion Credit Facility, Preemptively Refinances Existing Loans

(IN BRIEF) BKW, a Swiss energy company, has announced the agreement of a new unsecured, committed revolving credit facility amounting…

1 year ago

Telefónica’s Íope Ventures Invests in Wenalyze to Enhance Fintech and Insurtech Solutions

(IN BRIEF) Telefónica's investment arm, Íope Ventures, joins a funding round for Wenalyze, an open data analytics platform targeting the…

1 year ago

Deutsche Telekom Reports Robust Growth in Q1 2024

(IN BRIEF) Deutsche Telekom's upward trajectory continues as it announces a successful start to 2024. The telecom giant witnessed a…

1 year ago

Siemens Reports Resilient Second-Quarter Performance Amidst Market Challenges

(IN BRIEF) Siemens AG showcased a robust second-quarter performance, with revenue holding steady at €19.2 billion and orders reaching €20.5…

1 year ago

Taylor Swift’s Eras Tour: A £997m Economic Boost for the UK

(IN BRIEF) The highly anticipated Eras Tour by Taylor Swift is poised to inject a staggering £997 million into the…

1 year ago

Vienna Insurance Group Strengthens Sustainability Commitments with Expanded Declarations and New Group Sustainability Office

(IN BRIEF) Vienna Insurance Group (VIG) reinforces its sustainability commitments by expanding its sustainability declarations in investment and underwriting and…

1 year ago

Standard Chartered Leads Euro Settlement Revolution with Partior Blockchain Integration

(IN BRIEF) Standard Chartered has achieved a significant milestone by successfully conducting Euro-denominated cross-border transactions between Hong Kong and Singapore…

1 year ago

REN Unveils Ambitious Strategic Plan Focused on Sustainable Growth and Energy Transition

(IN BRIEF) REN, Redes Energéticas Nacionais, has revealed its Strategic Plan for 2024–2027, emphasizing its dedication to facilitating the Energy…

1 year ago

NatWest’s UK Regional Business Activity Shows Growth Despite Employment Challenges

(IN BRIEF) The latest Regional PMI® survey data from NatWest reveals continued growth in business activity across most UK nations…

1 year ago

British Gas Launches ‘You Pay: We Pay’ Initiative to Combat Fuel Poverty Among Customers

(IN BRIEF) British Gas has introduced a pioneering 'You Pay: We Pay' scheme, dedicating £15 million to assist customers struggling…

1 year ago

Salzgitter AG Navigates Economic Downturn with Modest Profits Amidst a Challenging Market

(IN BRIEF) In the first quarter of 2024, Salzgitter AG reported a downturn in performance due to a sluggish economy,…

1 year ago

Barclays Advances Its Transition Financing, Cutting Emissions Amid Criticism on Fossil Fuel Investments

(IN BRIEF) Barclays is actively financing the transition of the energy sector by implementing strict policies and reducing financed emissions…

1 year ago

EIB Report Highlights Financial Sector’s Role in CESEE’s Green Transition

(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled "Greening the…

1 year ago

EnBW Confirms 2024 Outlook Following a Robust 2023 Performance

(IN BRIEF) Georg Stamatelopoulos, the new CEO of EnBW, reflected on the company's strong financial results for 2023 and affirmed…

1 year ago

Outokumpu Ups EBITDA Improvement Goal to €350 Million, Strengthening Market Position

(IN BRIEF) Outokumpu, in a robust advancement of its strategic plan, has increased its EBITDA run-rate improvement target by €150…

1 year ago

Standard Chartered Raises Over USD 1 Billion in Signature CIO Funds

(IN BRIEF) Standard Chartered Bank has successfully raised more than USD 1 billion through its suite of Signature CIO Funds,…

1 year ago

EBRD Boosts Small Business and Youth Entrepreneurship in Uzbekistan with $20 Million Financial Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and medium-sized businesses in Uzbekistan by…

1 year ago

Kapsch TrafficCom AG Sells Non-core Assets, Generates Close to EUR 11 Million

(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core business, yielding total proceeds of…

1 year ago

Ørsted’s Offshore Wind Projects Drive Profit Growth in Q1 2024

(IN BRIEF) Ørsted's interim report for the first quarter of 2024 reveals operating profit in line with expectations, with a…

1 year ago

ING Launches €2.5 Billion Share Buyback Initiative to Optimize Capital Structure

(IN BRIEF) ING Group has announced a share buyback programme, aiming to repurchase ordinary shares of ING Groep N.V. for…

1 year ago