Highlights: November 4 - November 10, 2019
Christian Fernsby ▼ | November 11, 2019
The most interesting business stories that marked last business week.Article continues below
International Consolidated Airlines Group ("IAG") and Globalia ("Globalia") announced that definitive transaction agreements have been signed under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (“Iberia”), has agreed to acquire the entire issued share capital of Air Europa for €1 billion to be satisfied in cash at completion and subject to a closing accounts adjustment....
The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in September 2019, stable compared with August 2019 and down from 8.0% in September 2018....
Chinese hotel operator Huazhu Group Ltd said it had agreed to acquire Frankfurt-based hotel company Deutsche Hospitality for 700 million euros ($781.06 million) in cash....
Apple announced a comprehensive $2.5 billion plan to help address the housing availability and affordability crisis in California....
MOL signed an agreement with Chevron Global Ventures, Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E and P and mid-stream interests in Azerbaijan....
Xerox Holdings Corporation announced that it has entered into agreements with FUJIFILM Holdings Corporation and certain of its subsidiaries that will simplify and set a new course for the companies’ strategic sourcing relationship going forward....
US President Donald Trump has banned his government from funding educational and cultural exchange programs with Cuba, Russia, Syria and the Democratic People's Republic of Korea (DPRK), as published in the Federal Register....
An agreement has been reached in Vietnam over an important expressway project to improve transport to and from Ho Chi Minh City....
China's state-owned agriculture conglomerate COFCO said it had agreed to buy $100 million of pork from European pork producer Danish Crown in 2020 to help ease a domestic pork shortage following a widespread pig disease....
Balkan telecoms and media company United Group, owned by private equity firm BC Partners, said it had agreed to acquire Bulgaria’s Vivacom....
Nomeco, the Danish subsidiary of the Phoenix group, has opened the largest logistics centre for pharmaceuticals and healthcare products in the Nordic countries....
Blackstone announced today that funds managed by Blackstone are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo.... â– What to read next
An active Spring weather pattern is setting up for large portions of the U.S. heading into the weekend.
Latest Baker Hughes: U.S. oil rig count up by 2 to 483
California is now world’s 4th-largest economy
Roche to create 12,000+ new jobs in U.S. over next five years
€612 million Portuguese State aid scheme to support energy-intensive companies
Bosnia risks air traffic shutdown over unpaid debt
Active weather in Eastern U.S.; warm weather and critical fire weather across portions of West
Siemens executive Agustin Escobar, five others killed in Hudson River copter crash
U.S.: Significant severe weather and life threatening flash flooding
More than 300 arrests as African countries clamp down on cyber threats
IMF approves $20 billion extended arrangement for Argentina
Bangladesh, Japan sign construction deal for Matarbari deep seaport
Submarine cable line with largest capacity in Vietnam begins operation
Rig count stabilizes amid oil price recovery
Lower or same benefits enable faster job change in Germany
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Namibia seeks swift shift from oil discoveries to production, says president
€400 million Spanish State aid scheme to support renewable hydrogen production
Viking CCS pipeline development granted consent decision
Egypt, France sign 7bln euro deal for green hydrogen complex on Red Sea
Maryland Governor to lead international trade and investment mission to Japan and South Korea
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Turkish exports hit second highest March figure on record
EU hourly labour costs ranged from €11 to €55 in 2024
U.S. consumer confidence dropped sharply in February
EU records trade surplus for 6 quarters in a row
Brazil reaches second highest export value for January
Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
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Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Experimental bird flu vaccine excels in animal models
Peru to secure fresh potato access to Brazilian market
New pollen-replacing food for honey bees brings new hope for survival
Fishing ban begins across Türkiye to protect marine resources
Argentina opened Albanian market for beef exports
Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
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Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing
BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
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Red Roof properties open in Michigan
2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
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Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Human cases of anthrax reported in western Mongolia
One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
India launches space docking experiment mission
World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028