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Germany

Germany contributes €10 Million to WB Trust Fund for Disease Preparedness in Developing Countries

3 mins read

The FINANCIAL — According to World Bank, Germany is contributing 10 million euros (about US$12.1 million) to the Health Emergency Preparedness and Response Trust Fund Program (HEPR Program), established last year to help developing countries respond to the health consequences of COVID-19 and increase investments in health preparedness and emergency response.…

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Germany contributes €10 Million to WB Trust Fund for Disease Preparedness in Developing Countries

3 mins read

The FINANCIAL — According to World Bank, Germany is contributing 10 million euros (about US$12.1 million) to the Health Emergency Preparedness and Response Trust Fund Program (HEPR Program), established last year to help developing countries respond to the health consequences of COVID-19 and increase investments in health preparedness and emergency response.…

Euler Hermes: Successful extension of supply chain protection

8 mins read

The FINANCIAL -- The German federal government and German credit insurers are extending their joint protection shield to secure supply chains by six months until the end of June 2021…

EIB finances KINEXON with €15 mln to develop their internet of things technology

5 mins read

The FINANCIAL — The European Investment Bank (EIB) and KINEXON, a Munich-based global technology leader that develops hardware and software solutions, have signed a €15 million venture debt loan to promote KINEXON’s real-time localisation technology, which enables objects or people to interact in a smarter, more efficient way using the internet of things (IoT). The…

Adidas replaces KfW syndicated loan facility

3 mins read

The FINANCIAL — Following a series of successful financing activities, adidas has replaced the syndicated revolving loan facility under participation of KfW, Germany’s state-owned development bank. The company had received the approval of the German government for the participation of KfW in the € 3.0 billion syndicated loan earlier this year to bridge the unprecedented…

bp and Ørsted to create renewable hydrogen partnership in Germany

5 mins read

The FINANCIAL — bp and Ørsted have today signed a Letter of Intent (LOI) to work together to develop a ‎project for industrial-scale production of green hydrogen – a significant step in developing ‎bp’s hydrogen business. Green hydrogen is made by the electrolysis of water using ‎renewable power, producing zero emissions. In their proposed Lingen…

Nokia delivers private 5G network to MYNXG

4 mins read

The FINANCIAL — Nokia has deployed an industrial-grade private wireless 5G campus network at the Nuremburg development center of secure industrial IoT specialist MYNXG. MYNXG will use the Nokia 5G network at its new industrial IoT interoperability test center to develop new secure solutions for the industrial Internet of Things, as well as perform real-life…

Germany is the first country to invest in Food Systems 2030

5 mins read

The FINANCIAL — Germany became the first donor today to invest in Food Systems 2030, a new World Bank Multi-Donor Trust Fund that proposes to help countries maximize the impact of their public spending and transform their food systems to increase food security and reach their 2030 Sustainable Development Goals. The German Federal Ministry of…

Easyjet aircraft was the first to land at Berlin’s new airport

5 mins read

The FINANCIAL — As the largest airline based in Berlin-Brandenburg, easyJet opened a new chapter with the opening of Berlin Brandenburg Airport “Willy Brandt”. The first easyJet aircraft, special flight EJU 3110, was the first to land on time at 2pm at the new airport. The fuel-efficient Airbus 320neo was ceremonially welcomed with a water…

NIB finances UPM’s next-generation biorefinery in Germany

3 mins read

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil resources. The loan co-finances UPM’s EUR 550 million investment in an industrial scale…

Germany remains on top of “Nation Brand” ranking, the UK edges out Canada to the second spot

9 mins read

The FINANCIAL — This year is marked by an overall decline in perception of nations’ reputations, and the top-10 NBI nations are not immune to this overall negative sentiment. While Germany retains the top position in the 2020 Anholt-Ipsos Nation Brands IndexSM (NBI) for the fourth year in a row, this year is marked by…

Deutsche Bank leads largest ever social bond for EU

6 mins read

The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was the largest social bond ever. With an order book exceeding 233 billion euros,…

Majority of the workers from 27 countries are worried about losing their job

3 mins read

The FINANCIAL — A new Ipsos survey of more than 12,000 working adults from 27 countries for the World Economic Forum finds 54% of them expressing concern about losing their job in the next 12 months. Perceived job insecurity varies widely across countries: it is stated by three in four workers in Russia, compared to just one…

Mercer appoints Achim Lüder as new Chief People Officer

3 mins read

The FINANCIAL — Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & McLennan (NYSE: MMC), has announced Achim Lüder as its new Chief People Officer. Based in Frankfurt, Germany, Mr. Lüder is responsible for driving Mercer’s global…

Dusseldorf and Duisburg ordered 109 light rail vehicles from Siemens Mobility

2 mins read

The FINANCIAL — Düsseldorfer Rheinbahn AG and Duisburger Verkehrsgesellschaft AG have jointly ordered 109 Avenio HF high-floor light rail vehicles from Siemens Mobility, including an option for an additional 48 units. The contract also includes the maintenance and servicing of the Duisburg vehicles for 24 years and an option for a further eight years.  A 24-year…

Lufthansa will deploy one of the most modern aircraft – Airbus A350-900

1 min read

For the duration of the winter timetable (until the end of March 2021) Lufthansa will be deploying four of the currently parked Airbus A350-900s to its hub in Frankfurt. The Airbus A350-900 is one of the most modern and environmentally friendly long-haul aircraft in the world. Over the next few months the A350-900 will be…