MADRID: Allfunds Tech Solutions Thursday announced a new partnership with UniCredit, the pan-European commercial bank. The partnership will leverage Allfunds digital capabilities to facilitate UniCredit’s transformation programme to further streamline its systems that support market and content data providers to the creation of a multi-asset platform to service UniCredit’s client base. Allfunds Tech Solutions will…
Scandinavian construction markets to slow down by 6% this year
OSLO, NORWAY: The construction industry in Scandinavia is experiencing a significant slowdown, with several factors contributing to the decline. One of the main reasons for the slowdown is the economic downturn, which has led to a reduction in demand for construction projects as individuals and businesses cut back on spending. Veidekke anticipates a reversal of…
Inin Group AS to acquire a 70 percent ownership in TW Gruppen AS
OSLO, NORWAY: Inin Group AS has signed a term sheet to acquire a 70 percent ownership in TW Gruppen AS, a leading specialist within environmentally friendly mass handling, transport and recycling. With this acquisition, Inin Group establishes mass handling and recycling as its fourth investment platform. Inin Group is an industrial owner that invests into…
Empower approves distributing AED 425 million dividends to shareholders
DUBAI – UNITED ARAB EMIRATES: The General Assembly of Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of 86.82% of the Company’s paid-up share capital, approved the Board’s proposal on the distribution of cash dividends to shareholders in a total amount of AED 425,000,000 (AED 0.0425 per share, representing…
Petrofac and Hitachi selected by TenneT for Euro 13bn European power grids project
LONDON, UK: Petrofac and Hitachi Energy have been selected by TenneT, the Dutch-German Transmission System Operator, to supply multiple offshore platforms and onshore converter stations to accelerate the integration of bulk renewables into European power grids. Petrofac and Hitachi Energy were awarded the multi-year Framework Agreement as part of TenneT’s ambitious 2 gigawatt (2GW) high…
Saint-Gobain achieves flat glass production using more than 30% hydrogen
LONDON, UK: Saint-Gobain is the first manufacturer in the world to carry out a test production of flat glass using more than 30% hydrogen during Research & Development (R&D) trials at the Herzogenrath site in Germany. With this world first, Saint-Gobain has proven the technical feasibility of manufacturing flat glass with a significant proportion of…
Innovate UK awards £1.96m grant for mobile recycling system
LONDON, UK: Recyclus Group Ltd, in collaboration with the University of Birmingham (UoB), has been awarded funding of £1.96 million from the UK Government’s Innovate UK, to create a mobile battery recycling system capable of safely handling any type of lithium-ion (Li-ion) battery. Recyclus will lead the project and design and build a compact prototype…
QinetiQ awarded $92.6mn Digital Night Vision Technology contract by U.S. Army
LONDON, UK: QinetiQ Group has won a single award Indefinite Delivery Indefinite Quantity (IDIQ) by the U.S. Army for a Digital Night Vision Technology (DNVT) contract worth up to $92.6M over four years. The DNVT effort utilises and continues more than two decades of Department of Defense science and technology research, development and investment into…
Keywords Studios acquires Digital Media Management Inc for upto $100 million
LONDON, UK: Keywords Studios, the international technical and creative services provider to the global video games and entertainment industries, has acquired Digital Media Management Inc (DMM), a leading US-based full-service social media agency. Digital Media Management Inc is an award-winning social media marketing agency founded in 2010 by Luigi Picarazzi. Headquartered in Los Angeles with…
How much will Google charge for its new Android tablet?
If we are to believe the current rumors about Google’s Pixel Tablet, the price could range from $400 to $600. The former price point would be cheaper than its competitors, while the latter would match the prices of tablets from Apple and Samsung. Google has stated that it does not intend to compete with the…
Airfares of European airlines to rise by 15% this year
Travel by air will become more expensive for consumers. Air fares could rise between 10% and 15% this year but are unlikely to increase more than 20%, Chief Executive of Ryanair Michael O’Leary has said. Ryanair’ chief said earlier the era of the €10 (£8.80) flights is over as fuel costs rocketed after Russia’s invasion…
EU member states to stop selling new CO2-emitting cars by 2035
Following a compromise between the European Commission and Germany on the exemption of internal combustion engine cars powered by e-fuels, EU member states have agreed to prohibit the sale of new cars emitting CO2 by 2035. The Council of the EU has adopted a regulation setting stricter CO2 emissions standards for new cars and vans….