+ 500 🗣️ Verified Sources contribute to the Business Feed 24/7
- Austria’s Raiffeisen-Holding Passes ECB Asset Review
Raiffeisen-Holding Passes ECB Asset Review, No Capital Shortfall Found FRANKFURT, Germany – Raiffeisen-Holding Niederösterreich-Wien has passed a comprehensive asset quality review by the European Central Bank, with regulators finding no capital shortfall, the ECB announced Friday. The review confirms… Read more: Austria’s Raiffeisen-Holding Passes ECB Asset Review - German Manufacturing Orders Rise in October While Service Sector Sees Slight Dip
German Manufacturing Orders Rise in October While Service Sector Sees Slight Dip WIESBADEN, Germany – The German economy showed mixed signals, according to data released Friday by the Federal Statistical Office (Destatis). New orders in the manufacturing sector rose… Read more: German Manufacturing Orders Rise in October While Service Sector Sees Slight Dip - UCB Raises 2025 Revenue Forecast, Citing Strong BIMZELX Performance
UCB Raises 2025 Revenue Forecast, Citing Strong BIMZELX® Performance BRUSSELS – Global biopharmaceutical company UCB announced on Friday an upgraded financial forecast for 2025, raising its revenue expectation to exceed €7.6 billion. The company attributed the revision to robust… Read more: UCB Raises 2025 Revenue Forecast, Citing Strong BIMZELX Performance - Kroger to Pay Ocado $350M After Closing Automated Warehouses
Kroger to Pay Ocado $350M After Closing Automated Warehouses LONDON – British technology firm Ocado Group will receive a $350 million cash payment from its U.S. partner Kroger after the supermarket giant decided to scale back its network of… Read more: Kroger to Pay Ocado $350M After Closing Automated Warehouses - Orange: Cyber Extortion Tripled Since 2020
Cyber Extortion Triples as Industrialized Cybercrime Becomes Geopolitical Weapon, Orange Report Finds PARIS – Cyber extortion has tripled globally since 2020, driven by the industrialization of cybercrime which now sits at the center of geopolitical conflicts, a new report… Read more: Orange: Cyber Extortion Tripled Since 2020 - UBS Billionaire Report: Wealth to Record $15.8 Trillion
Innovation and Inheritance Push Global Billionaire Wealth to Record $15.8 Trillion ZURICH – Global billionaire wealth reached an all-time high of $15.8 trillion in 2025, driven by a combination of entrepreneurial innovation and the largest intergenerational wealth transfer in… Read more: UBS Billionaire Report: Wealth to Record $15.8 Trillion - Update: Swiss Re Promotes Pieterse to Chief People Officer
Swiss Re Promotes Pieterse to Chief People Officer ZURICH – Global reinsurance firm Swiss Re announced Thursday it has appointed Nicole Pieterse as its next Chief People Officer, effective January 1, 2026. Pieterse, who currently serves as the company’s… Read more: Update: Swiss Re Promotes Pieterse to Chief People Officer - ABB Backs AI Firm OctaiPipe to Slash Data Center Energy Consumption
ABB Backs AI Firm OctaiPipe to Slash Data Center Energy Consumption ZURICH – Technology company ABB announced a strategic investment on Thursday in OctaiPipe, a UK-based AI software innovator. The partnership aims to deploy intelligent software to optimize cooling… Read more: ABB Backs AI Firm OctaiPipe to Slash Data Center Energy Consumption - UCB Epilepsy Drug Fenfluramine Shows Positive Phase 3 Results
UCB Reports Positive Phase 3 Results for Epilepsy Drug Fenfluramine in Rare CDD Disorder BRUSSELS – Global biopharmaceutical company UCB announced Thursday that its drug fenfluramine (FINTEPLA®) showed positive results in a Phase 3 trial for treating CDKL5 deficiency… Read more: UCB Epilepsy Drug Fenfluramine Shows Positive Phase 3 Results - Ferrari Refinances with New €350M Credit Facility, Citing Lower Costs
Ferrari Refinances with New €350M Credit Facility, Citing Lower Costs MARANELLO, Italy – Luxury automaker Ferrari N.V. has secured a new €350 million revolving credit facility, the company announced on Wednesday, December 3, 2025. The new financing arrangement was… Read more: Ferrari Refinances with New €350M Credit Facility, Citing Lower Costs - Ontex Triples Baby Pants Production in North America Amid Surging Demand
Ontex Triples Baby Pants Production in North America Amid Surging Demand ATLANTA – Ontex Group NV announced Wednesday that it has tripled its production capacity for baby pants across its North American facilities to meet rising consumer demand for… Read more: Ontex Triples Baby Pants Production in North America Amid Surging Demand - German and Polish Cities Launch €195M Cross-Border Green Heating Project
German and Polish Cities Launch €195M Cross-Border Green Heating Project GĂ–RLITZ, Germany / ZGORZELEC, Poland – Energy companies and city officials from Germany and Poland have initiated “United Heat,” a landmark project to create a cross-border district heating network.… Read more: German and Polish Cities Launch €195M Cross-Border Green Heating Project - Ferrari and Philip Morris Renew 50-Year Partnership
Ferrari Renews and Strengthens 50-Year Partnership with Philip Morris International MARANELLO, Italy – Luxury automaker Ferrari announced on Wednesday, December 3, that it has renewed and strengthened its multi-year partnership with tobacco company Philip Morris International (PMI). The deal… Read more: Ferrari and Philip Morris Renew 50-Year Partnership - Euro Area Lending and Deposit Rates Hold Steady in October, ECB Reports
Euro Area Lending and Deposit Rates Hold Steady in October, ECB Reports FRANKFURT, Germany – Key bank interest rates for both loans and deposits across the euro area remained stable in October 2025, according to data released Wednesday by… Read more: Euro Area Lending and Deposit Rates Hold Steady in October, ECB Reports - Smiths Group Sells Detection Arm to CVC in £2.0bn Deal
Smiths Group Sells Detection Arm to CVC in £2.0bn Deal LONDON, UK – Smiths Group plc announced on Wednesday it has entered into an agreement to sell its Smiths Detection division to private equity firm CVC Capital Partners for… Read more: Smiths Group Sells Detection Arm to CVC in £2.0bn Deal - Airbus Cuts 2025 Delivery Target Due to Fuselage Supplier Issue
Airbus still expects to achieve an EBIT Adjusted of approximately €7.0 billion AMSTERDAM, The Netherlands – Airbus announced on Wednesday it is lowering its full-year 2025 commercial aircraft delivery target to around 790 planes, citing a recent supplier quality… Read more: Airbus Cuts 2025 Delivery Target Due to Fuselage Supplier Issue - McDonald’s Executive Sells $2 Million in Stock Under Pre-Arranged Plan
The transactions resulted in total proceeds of approximately $2.01 million. CHICAGO, U.S. – A top executive at McDonald’s Corporation sold over $2 million worth of company stock on Monday, according to a regulatory filing. Manuel JM Steijaert, the Executive… Read more: McDonald’s Executive Sells $2 Million in Stock Under Pre-Arranged Plan - US Brand Invents “Resting Gift Face”
Ego Nwodim Tackles “Resting Gift Face” in New Scotch Brand Holiday Campaign A “polite expression a person makes when receiving a gift” ST. PAUL, Minn. – Scotch Brand has partnered with actress and comedian Ego Nwodim for a new… Read more: US Brand Invents “Resting Gift Face” - Daimler Truck Taps Innoviz for LiDAR in Level 4 Autonomous Semi-Trucks
Daimler Truck Taps Innoviz for LiDAR in Level 4 Autonomous Semi-Trucks PORTLAND, Ore. – Daimler Truck, along with its autonomous technology subsidiary Torc Robotics, announced Tuesday it has selected Innoviz Technologies as its supplier for short-range LiDAR sensors. The… Read more: Daimler Truck Taps Innoviz for LiDAR in Level 4 Autonomous Semi-Trucks - EUR 4,500 Of Municipal Debt Weighed On Every German in 2024
German Municipal Debt Surges 6.3% in 2024, Reaching €4,448 Per Capita The state of Hesse carried the highest per capita municipal debt, followed by Saarland. WIESBADEN, Germany – Germany’s municipal debt rose significantly in 2024, increasing by 6.3% over… Read more: EUR 4,500 Of Municipal Debt Weighed On Every German in 2024 - Endeavour Mining Wants To Discover 15 Million Ounces of Gold
Endeavour Mining Launches Ambitious Plan to Discover 15 Million Ounces of Gold Discovery cost of less than $40 per ounce LONDON, UK – Endeavour Mining PLC announced an ambitious five-year exploration outlook on Tuesday, targeting the discovery of 12… Read more: Endeavour Mining Wants To Discover 15 Million Ounces of Gold - Holcim Acquires 3 Recycling Firms to Bolster Circular Construction in Europe
Holcim Acquires Thames Materials, A&S Recycling GmbH, and unnamed French company ZUG, Switzerland – Global building materials company Holcim announced on Tuesday its acquisition of two recycling firms and an agreement to purchase a third, significantly expanding its circular… Read more: Holcim Acquires 3 Recycling Firms to Bolster Circular Construction in Europe - Givaudan Acquires Belle Aire Creations to Expand US Market Reach
Givaudan Acquires Belle Aire Creations to Expand US Market Reach The financial terms of the deal were not disclosed. GENEVA, SWITZERLAND – Givaudan, the Swiss-based global leader in fragrance and beauty, announced on Tuesday, December 2, 2025, that it… Read more: Givaudan Acquires Belle Aire Creations to Expand US Market Reach - ABB Finalizes Acquisition of Gamesa Electric to Bolster Renewables Division
ABB Finalizes Acquisition of Gamesa Electric to Bolster Renewables Division ZURICH, SWITZERLAND – Global technology company ABB announced Tuesday it has completed its acquisition of the power electronics business from Gamesa Electric, a subsidiary of Siemens Gamesa. The move… Read more: ABB Finalizes Acquisition of Gamesa Electric to Bolster Renewables Division - BlackRock Increases Stake in WDP, Surpasses 5% Voting Rights Threshold
BlackRock Increases Stake in WDP, Surpasses 5% Voting Rights Threshold BRUSSELS, Belgium – Global investment firm BlackRock, Inc. has increased its ownership stake in the Belgian logistics real estate company WDP (Warehouses de Pauw), according to a regulatory filing.… Read more: BlackRock Increases Stake in WDP, Surpasses 5% Voting Rights Threshold - Saint-Gobain Finalizes Sale of Belgian and Brazilian Distribution Businesses
PARIS, France – The French multinational corporation Saint-Gobain has completed the divestment of two of its construction material distribution businesses, SFIC Belgium and Tumelero in Brazil. The company announced it had finalized the sales in November and December 2025.… Read more: Saint-Gobain Finalizes Sale of Belgian and Brazilian Distribution Businesses - Police Shut Down Major “cryptomixer” , Seize €25 Million in Crypto
German and Swiss authorities shut down the Bitcoin mixing service WIESBADEN, Germany — An international law enforcement team led by German and Swiss authorities shut down the Bitcoin mixing service `cryptomixer . io` on Wednesday, seizing its server infrastructure… Read more: Police Shut Down Major “cryptomixer” , Seize €25 Million in Crypto - Flutter’s Cash4Clubs Fund Inundated with Record Applications
LONDON, UK – A record number of grassroots sports clubs are seeking financial aid as operational costs soar, with over 1,000 organisations applying for Flutter’s ÂŁ500,000 Cash4Clubs fund ahead of its December 8th deadline. The funding programme, run by… Read more: Flutter’s Cash4Clubs Fund Inundated with Record Applications - Glasgow’s Buchanan Galleries Gets Green Light for ÂŁ85m Overhaul – Landsec
Landsec will install large-format digital advertising screens on the building’s exterior GLASGOW, U.K. – The Buchanan Galleries shopping centre is set for a major redevelopment after property company Landsec received planning permission from Glasgow City Council for a project… Read more: Glasgow’s Buchanan Galleries Gets Green Light for ÂŁ85m Overhaul – Landsec - STMicroelectronics Executes €3.95 Million Share Buyback
STMicroelectronics Executes €3.95 Million Share Buyback AMSTERDAM, The Netherlands – Global semiconductor company STMicroelectronics announced Monday that it has repurchased 206,478 of its own shares for a total of €3.95 million. The transactions, which took place on the Euronext… Read more: STMicroelectronics Executes €3.95 Million Share Buyback