ABB Ltd’s ABB board has approved a new share buyback program of up to $1 billion, which is set to be launched next month. The program will run through the company’s 2024 annual general meeting (AGM).

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Single Pair Ethernet (SPE) is emerging as a streamlined communication technology for industrial automation, transmitting data and power over long distances, unifying systems and enhancing security.

“A growing shortage of skilled labor requires the further simplification of automation and programming, especially among small and medium-size enterprises where complexity is seen as a major barrier ...