tldrdaily.news logo
Tag

European Investment Bank

All articles tagged with #european investment bank

business2 years ago

"Northvolt's $5 Billion Funding Marks Milestone in European Battery Production"

Swedish battery producer Northvolt secures a landmark $5 billion, adding to its $13 billion in equity and debt, to expand operations globally and build and expand battery plants in Sweden, Poland, Germany, the United States, and Canada. The company's order book includes over $55 billion from automakers, and it recently received European approval for a €902 million subsidy from the German government. Northvolt's expansion is seen as crucial for Europe's energy transition and reducing dependency on China in the battery market.

via Electrek.co|
#battery-production#business#european-investment-bank
politics2 years ago

Vestager's Return and Calviño's Triumph: EIB's Role in Rebuilding Ukraine

Margrethe Vestager, the European Commission's executive vice president for a digital age and competition commissioner, failed to secure the top job at the European Investment Bank (EIB) and has returned to her duties at the Commission. With little to lose and only 11 months left in her term, Vestager has important state aid cases and merger control matters to address. She also faces challenges in the digital landscape, including battles with powerful EU digital enforcer Thierry Breton and ongoing disputes with Big Tech companies. Vestager may focus on finalizing ongoing cases, such as the investigation into Google's advertising technology business, and securing her antitrust legacy.

via POLITICO Europe|
#big-tech#digital-markets-act#european-commission
business2 years ago

Nadia Calviño emerges victorious as EIB chief, Vestager withdraws from race

Spain's Finance Minister Nadia Calviño has been appointed as the next head of the European Investment Bank (EIB) after winning the support of EU countries. Calviño, who will start her role on January 1, 2022, defeated Margrethe Vestager, the EU digital and competition chief, in the contest. As the new EIB chief, Calviño will oversee the allocation of billions of euros in loans for infrastructure projects across Europe, as well as play a crucial role in financing the green transition and the rebuilding of Ukraine. Her appointment marks a victory for a socialist candidate from a southern country and is expected to have implications for other top EU positions.

via POLITICO Europe|
#business#european-investment-bank#finance-minister
global-health2 years ago

"Securing Polio Vaccinations for 370 Million Children and Boosting Health Innovation in Low-Income Countries: New Funding Announced"

The European Commission, the European Investment Bank, and the Bill & Melinda Gates Foundation have announced a new financing partnership to address global health challenges, including eradicating polio and improving access to health innovations in low-income countries. The €1.1 billion funding package aims to provide vaccinations for nearly 370 million children annually, strengthen health systems, and support the distribution of other childhood immunizations. Additionally, €500 million will be allocated to expand the innovation capacity of health systems in low- and middle-income countries. The partnership marks a significant increase in funding for global health and human development and aims to maximize the impact of every Euro committed by the EU and the European Investment Bank.

via World Health Organization|
#bill-and-melinda-gates-foundation#european-commission#european-investment-bank