Europe Business News

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KONE to Supply for Twin Tower in Indonesia

Finnish manufacturer KONE has won an order to supply 76 elevators and escalators to Indonesia1, a premium integrated mixed-use development located in the Central Business District of Jakarta, Indonesia.

APG Pension Fund and China's E Fund Launch Financial Academy

APG, one of Europe's largest pension fund providers, and E Fund, the third largest asset manager in China, are partnering to co-launch the "Financial Future Planning Academy" in collaboration with top business schools in the EU and China.

Ryanair Launches First UK-Ukraine Services

Ryanair, an Irish low-cost airline, has launched two new routes from London Stansted to Kiev (five times weekly) and to Lviv (twice weekly), its first UK-Ukraine services.

Nexen Tire Supports Italy and UK Sports Franchises as 'Sleeve Partner'

South Korea based Nexen Tire, one of the fastest growing global tire manufacturers, recently announced broadened sports marketing relationships in Europe. These include perimeter LED advertising at two clubs in the Italian Serie A and the 2nd season of its official sponsor of Manchester City Football Club.

Yingli To Power Europe's Biggest Bifacial PV Plant

Yingli Green Energy Holding Company Ltd. of China, has announced it is going to provide solar power with a capacity of close to 400 KW, for Europe's largest bifacial PV plant ever, in the Netherlands.

NEC Delivers LX Supercomputer to Germany's RWTH Aaachen University

RWTH Aachen University, one of 11 "Universities of Excellence in Germany", just took delivery of an NEC scale-out LX series supercomputer using the latest Intel Xeon ES-2600 v4 microprocessor family. This will provide the university with advanced high performance computing services for engineering and scientific research.

Kiekert AG Agrees to $6.1M Fine for Rigging Bids on Latches

German automotive parts manufacturer, Kiekert AG is on the hook to pay a $6.1 million criminal fine for its role in a conspiracy to rig bids of side-door latches and latch minimodules installed in cars sold in the United States and elsewhere.

M+W Group Receives General Contractor License from PRC

Stuttgart-based M+W Group, a global high-tech engineering firm, just received the Grade A Building Project General Contractor License Certificate from the Ministry of Housing and Urban-Rural Development of the People's Republic of China.

Travelers Companies to Buy UK-Based 'Simply Business'

The Travelers Companies, Inc., a major provider of property casualty insurance for auto, home and business based in New York, has reached an agreement to buy UK-based Simply Business from Aquiline Capital Partners LLC for nearly $490 million.

HeiQ and Patagonia Partner to Develop Sustainable Water Repellent Fabrics

HeiQ Materials AG, a major performance clothing technology innovator based in Switzerland, and sustainable outdoor U.S. clothing developer Patagonia are teaming on an exclusive research partnership. The goal is create new sustainable textile finishing technologies to achieve breathable and durable water repellence (DWR) with best-in-class performances.

AkzoNobel to Build New Hub in the UK

AkzoNobel, a paint, coatings and chemicals company based in the Netherlands, is investing EUR12.6 million in a a new research and innovation hub to be located in Felling in the United Kingdom.

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