POST Online Media Lite Edition



 

Highlights: April 1 - April 6, 2019

Christian Fernsby |
The most interesting business stories that marked the last week.

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Arab-China trade to exceed 300 billion USD before 2025

Khaled Hanafy, secretary generalKhaled Hanafy, secretary general of the Union of Arab Chambers, said Saturday that China's trade with the Arab world will exceed 300 billion U.S. dollars before 2025....

DSV to buy Panalpina in 4.6bn Swiss deal and create one of world's biggest freight specialists

PanalpinaPanalpina and DSV have agreed a multi-billion pound tie-up which will create the one of the world's biggest freight specialists, ending weeks of takeover speculation between the two logistics firms....

Kellogg agrees $1.3 billion cookie sale with Nutella-maker Ferrero

Kellogg CompanyKellogg Company announced that it has reached a definitive agreement to sell selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cones businesses to the Ferrero Group and its related companies....

Stonepeak to acquire Permian Basin operator Oryx Midstream for $3.6bn

Oryx MidstreamAffiliates of Quantum Energy Partners, Post Oak Energy Capital, Concho Resources, WPX Energy and other investors announced that they have entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings LLC and Oryx Delaware Holdings LLC to funds managed by Stonepeak Infrastructure Partners for a cash purchase price of approximately $3.6 billion....

Emirates NBD to buy Turkey's Denizbank for $2.8 billion

Emirates NBDEmirates NBD said on Wednesday it will buy Turkey's Denizbank from Russia's Sberbank....

Embraer signs $2.1 billion order with Nigeria's Air Peace

Air PeaceEmbraer said on Wednesday it has signed a firm order for 10 E195-E2 jets with Nigerian airline Air Peace, worth $2.12 billion if all purchase rights are exercised, according to a securities filing....

Italian-Saudi consortium will build Bulgarian part of Turkish Stream for 1.1 billion euros

Turkish StreamConsortium between the Italian Arkad ABB S.p.A. and the Saudi Arkad Engineering and Construction Company got the tender for the expansion of Bulgaria's gas transmission system....

Goldcorp shareholders approve Newmont Mining's $10 billion takeover offer

Newmont MiningGoldcorp announced that Goldcorp's shareholders have voted overwhelmingly in favour of the plan of arrangement to combine with Newmont Mining Corporation....

U.S. weekly jobless claims fall to lowest level since 1969

US workerThe number of initial jobless claims in the United States fell to its lowest level since December 1969, according to a report released by the U.S. Department of Labor on Thursday....

Targa Resources completes $1.6bn sale of Badlands assets

Targa ResourcesTarga Resources announced that it has closed on the sale of a 45 percent interest in Targa Badlands....

Vopak sells European petroleum terminals for 723 million euros

VopakRoyal Vopak announces that it has reached agreement on the sale of its terminals in Algeciras, Amsterdam and Hamburg....

Liebherr's strong results hit record high

LiebherrLiebherr has achieved a record turnover of 10.55 billion euros for 2018....

New progress made on China-US trade talks, Xi says

Chinese President Xi JinpingChinese President Xi Jinping said in a message to his US counterpart, Donald Trump, that new substantial progress has been made on the text of the China-US economic and trade agreement in the past more than one month....

Half of Japan hasn't heard of central bank's stimulus

Haruhiko KurodaBank of Japan (BOJ) governor Haruhiko Kuroda's epic challenge has been as much about changing the way people think as it has been the intricacies of interest rates and the money supply....

Petrobras to sell pipeline unit to Engie for $8.6 billion

PetrobrasA consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro....


What to read next

Highlights: September 17 - September 23, 2018
Highlights: June 8 - June 13, 2015
Highlights: February 23, 2015 - February 28, 2015

U.S.: Heavy snowfall through weekend

 
Meteorological winter is off to a fast start across much of the Northwest, Great Basin, and Rockies as plentiful moisture streams inland from the Pacific Ocean over at least the next few days.
 
 

Latest

U.S. oil rig count climbs by 5 to 505
Over 2,300 trucks waiting to cross into EU from Belarus, line keeps growing
Rode NT1 5th Generation, the ultimate studio microphone
Slovakia to extend grain embargo, expand list of banned agricultural products from Ukraine

NEWS

Storm Babet package of support coming in Scotland

566 arrests in week of coordinated actions in Southern Europe
Somalia receives 25,000 tons of grain from Russia as humanitarian aid
U.S.: Severe thunderstorms across southeast Texas
New York holiday toy, coat and school supply drive to start on Friday
North Carolina: Following Governor’s advocacy, EPA reverses approval of plan to import Chemours waste
 

BUSINESS

New report highlights promise of Lithium Valley in California

Greece’s new FSRU to receive first LNG cargo in January
Cayman Islands to build new submarine cable
Spain inaugurates high speed rail from Madrid to Asturias
Zimbabwe commissions Chinese company's lithium processing plants
Bulgaria plagued by shortage of medical professionals
 

Trending Now

Dai Nippon Printing will create 352 new jobs in Davidson County, North Carolina

Equinor sells Nigerian business and Agbami oil field stake to Chappal Energies

Commission bans Fly Baghdad from flying in European Union

Slovakia to extend grain embargo, expand list of banned agricultural products from Ukraine


POLITICS

Brazil to join OPEC+ in 2024

Zimbabwe mulls wealth tax targeting rich
138 new jobs coming to West Michigan
New York: $100 million for zero-emission school buses
Poland to seek return of EU permits for Ukrainian haulers
EU Solidarity Fund grants €100 million of advance payment to Slovenia following summer floods
 

Today We Recommend

Good decision for China: U.S. judge blocks Montana's ban of TikTok


Highlights 

Emmi opens new cheese conversion facility in U.S.

Dai Nippon Printing will create 352 new jobs in Davidson County, North Carolina

AbbVie buys Immunogen for $10 billion


COMPANIES

Emmi opens new cheese conversion facility in U.S.

Commission sends Statement of Objections in automotive starter battery cartel case
Commission bans Fly Baghdad from flying in European Union
Mercedes and BMW to establish joint high power charging network in China
Good decision for China: U.S. judge blocks Montana's ban of TikTok
Dai Nippon Printing will create 352 new jobs in Davidson County, North Carolina
 

CAREERS

Pyxis Oncology appoints Ken Kobayashi as chief medical officer

Amylyx Pharmaceuticals appoints Camille L. Bedrosian as chief medical officer
Federal Signal Corporation appoints Katrina L. Helmkamp to board
First Resource Bancorp appoints Kristen Fries as CFO
Network International appoints Mpho Sadiki as group managing director, merchant solutions for Africa
Liquid Intelligent Technologies: Oswald Jumira new CEO of Liquid C2 business unit
 

ECONOMY

Canadian GDP declines in Q3

Finland's economy contracts in Q3
Italy's annual inflation rate lowest in 32 months
Fitch upgrades Pennsylvania’s credit rating from ‘AA-’ to ‘AA
U.S. weekly jobless claims inch up to 218,000
U.S. Q3 GDP growth revised up to annual rate of 5.2 pct
 

EARNINGS

Dell Technologies revenue $22.3 billion

American Outdoor Brands Q2 sales $57.9 million
Marvell Technology Q3 revenue $1.419 billion
BMO Financial Q4 income $1,617 million
Cracker Barrel Old Country Store profit $5.46 million
Kroger Q3 earnings to $646 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
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?
 

AGRIFISH

Commission approves €500 million French State aid scheme to support investments in agriculture

Georgia refused entry to 21.5 tons of Belarusian potatoes
Value of cereal production in EU €64.4 billion, milk value €58.0 billion
Rosselkhoznadzor begins inspections of Brazilian poultry meat producers
Kazakhstan will supply peaches, cherries, and plums to China
Poland to start exporting apples to Indonesia
 

LEADERSHIP

LinkedIn can trigger feelings of imposter syndrome

Study suggests corporate culture thwarts efforts to hire innovative candidates
Workplace wellness policies could soften effects of workaholism
Customers willing to wait longer for delivery when they shop in store showroom
Internal crowdfunding fosters innovation and engages employees
Employee owned businesses deliver an 8 to 12% productivity boost
 

CRIME

BNP Paribas subsidiary fined maximum amount over Swiss franc loans

Commission fines Rabobank €26.6 million over Euro-denominated bonds trading cartel
Shell Energy fined £1.4m by Ofcom for consumer protection breaches
Italy's antitrust agency fines energy companies for aggressive billing
New Jersey duo defrauded investors and mortgage lenders through $2.5 million investment scam
SEC charges Royal Bank of Canada with internal accounting controls violations
 

Magazine

TRAVEL

Mushrooms of all kinds will be featured at Autumn Bio Festival in Portugal

Festive winter fun in and around Hannover
Premier Australian motoring event returns this weekend
Yummy cake and bake show in London with great prizes
Tuileries Garden Christmas, magic of Christmas in Paris
Museum of the Moon to welcome all science fans in Larnaca
 

SEA, LAND, AIR

Chevrolet Tahoe and Suburban come with new look

Chinese HiPhi revealed electric sedan, too bad it can't be trusted
New 2025 Ram 1500, Hurricane 3L and 420 horsepower
Gulfstream G700 business jet to fly 14,353 kilometers
Beneteau First, slender mainsail and generously sized foresails
Porsche launches speedboat with 400 kW
 

DESIGN

Hollywood Regency, the style that's always in

Filippo Loreti, premium Italian timepieces for adventurous gentlemen
Creative furniture that redefines the meaning of sofa
Perfect ovens for perfect pizza at home
Designer radiators, focal point that heats your room
What to do and what not to do when designing your living room
 

GADGETS

Motorola g family smartphones bring something for everyone

Focal Shape 65 monitor, loudspeakers for home or professional studio
NAD C 268 stereo power amplifier, multipurpose workhorse
DeVore Fidelity Orangutan O/Reference, €90,000 for ultimate sound
Motorola razr, foldable phone that allows you to live your real life
Rogers 65V-1 integrated amplifier delivers remarkable sound made in America
 

HEALTH

Pathogens use force to breach immune defenses

Governor Moore announces expanded access to contraceptive care across Maryland
California Governor Newsom announces new legislation to prevent illicit use and trafficking of xylazine
Argentina records hundreds of Trichinella cases
Loss of auditory nerve fibers uncovered in individuals with tinnitus
Netherlands sees alarming surge in pneumonia among children, China disinfecting schools
 

MEANTIME

Artificial intelligence used to detect plastic waste at sea

Astronomers spot giant stream of stars between galaxies
Six exoplanets discovered in synchronised dance
Earth braces for geomagnetic storm on November 30 after two powerful solar flares
Frozen food temperatures changed by just three degrees to save CO2 emissions
Groundbreaking method to match celestial objects across telescopes