POST Online Media Lite Edition



 

Highlights: April 25, 2022 - April 30, 2022

Christian Fernsby |
Events of the last week.

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France imports 47.4 bn euros in goods from Netherlands in 2021

ParisIn 2021, bilateral goods trade with France comprised exports worth 47.4 billion euros and imports worth 18.7 billion euros...

Tanzania to vaccinate over 10 mln children against polio

TanzaniaTanzanian health authorities said on Saturday 10,313,887 children aged below five years will be vaccinated against polio between April 28 and May 1 in mainland Tanzania and Zanzibar...

Netherlands aims to stop using Russian gas by end of this year

The NetherlandsThe Netherlands said that it aims to completely stop importing Russian gas by the end of this year...

Asda to invest over 73 million pounds this year in tackling cost of living crisis

AsdaAsda has announced it will be investing over 73 million pounds in tackling the cost of living crisis for its customers and colleagues...

Hikma Pharmaceuticals acquires Custopharm for $425m

Hikma PharmaceuticalsHikma Pharmaceuticals has acquired U.S.-based generic sterile injectables company Custopharm from Water Street Healthcare Partners in a deal valued at $425m...

Wallaby Medical acquires German neurovascular company Phenox for EUR 500 million

Wallaby MedicalWallaby Medical has acquired phenox GmbH, including phenox's Femtos, a German-based global innovation and technology company in the neurovascular space, for a total consideration of approximately EUR 500 million including milestone payments...

Philips slips to loss in Q1

PhilipsPhilips Electronics reported that its first quarter net loss was 151 million euros or 0.17 euro per share, compared to prior year's profit of 40 million euros or 0.04 euro per share...

Blackstone to buy PS Business Parks in $7.6 billion deal

BlackstoneBlackstone agreed to buy real estate investment trust (REIT) PS Business Parks (PSB.N) for $7.6 billion, including debt...

Elon Musk taking Twitter private in $44 billion deal

TwitterElon Musk clinched a deal to buy Twitter for $44 billion cash...

Mondelez acquires Mexican confectionary business Ricolino in $1.3 billion deal

MondelezMondelez announced that it has entered into an agreement with Grupo Bimbo to acquire Mexican confectionary business Ricolino for $1.3 billion...

Santander Q1 profit up 58%

SantanderBanco Santander achieved an attributable profit of 2,543 million euros in the first quarter of 2022, up 58% in current euros versus the first quarter of 2021 when the bank incurred 530 million euros in restructuring charges...

Uruguay: Rivera Airport will be modernized with 13 million dollars, create 150 direct jobs

Rivera AirportThe Minister of National Defense, Javier Garcia, participated in Rivera in the act in which the company Corporacion America Airports took charge of the management of the international airport of Rivera, Oscar Gestido...

Applegreen will create 800 new jobs in New Jersey over the coming years

ApplegreenApplegreen announced an investment worth $126 million in the state of New Jersey, delivering hundreds of skilled new jobs to the Garden State over the coming years...

Coca-Cola Company Q1 revenues grew 16%

Coca-Cola CompanyThe Coca-Cola Company reported first quarter 2022 results...

DP World signs $500 million deal with Tanzania Ports Authority

DP WorldThe DP World, an Emirati multinational Logistics Company based in Dubai, United Arab Emirates, has signed a Memorandum of Understanding (MoU), worth USD 500 million, with the Tanzania Ports Authority (TPA) to finance various projects aimed at improving efficiency of the country's ports...

Credit Suisse Q1 net revenues decrease by 42%

Credit SuisseCredit Suisse first quarter of 2022 saw net revenues decrease by 42% year on year, driven by a decline in Investment Bank (IB) net revenues, down 51%, on a USD basis; a decline in Wealth Management (WM) net revenues, down 44%; as well as a decline in Asset Management (AM) net revenues, down 10%...

D.R. Horton Q1 net income per common share increased 59%

D.R. HortonD.R. Horton reported that net income per common share attributable to D.R. Horton for its second fiscal quarter ended March 31, 2022 increased 59% to $4.03 per diluted share compared to $2.53 per diluted share in the same quarter of fiscal 2021...

Houston Mayor Turner announces TCEQ approval of largest urban solar farm in country

Mayor Sylvester TurnerIn celebration of Earth Day 2022 and to mark a significant project development milestone, Mayor Sylvester Turner announced the Texas Commission on Environmental Quality (TCEQ) granted permit approval for the Sunnyside Solar Farm...

New investments to create nearly 700 jobs across Michigan

Gretchen WhitmerGovernor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) in announcing Michigan Strategic Fund (MSF) approval of projects, including a business expansion by a global aluminum producer in Cassopolis, redevelopment of the former GM Warren Transmission Plant, a community revitalization project in Bay City, and other actions that will continue to strengthen Michigan's economy...

Mirador expanding and creating new headquarters in Connecticut

MiradorMirador, a managed services firm in the wealth management industry, is expanding its operations in Connecticut...

JinkoSolar Q1 net income declines

JinkoSolarJinkoSolar reported first quarter net income attributable to shareholders of RMB 28.9 million compared to RMB 221.1 million, last year...

Sanofi Q1 profit climbs 28.3 percent

SanofiSanofi reported that its first-quarter net income attributable to equity holders, on IFRS basis, climbed 28.3 percent to 2.01 billion euros from last year's 1.57 billion euros...

LG Electronics Q1 sales highest in history

LG ElectronicsLG Electronics announced first quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) - the highest quarterly revenue in company history...

Samsung Q1 consolidated revenue increased 51%

Samsung ElectronicsSamsung Electronics reported financial results for the first quarter ended March 31, 2022...

New York: Great Lakes Cheese breaks ground on $518 million plant in Cattaraugus County

Great Lakes CheeseGreat Lakes Cheese broke ground on a new, state-of-the-art manufacturing and packaging plant in Franklinville and Farmersville...

Apple Q1 revenue $97.3 billion

AppleApple announced financial results for its fiscal 2022 second quarter ended March 26, 2022...

Standard Chartered Q1 AME operating profit up 59%

Standard CharteredStandard Chartered released its financial results for the first quarter, ending 31 March, 2022...

AstraZeneca Q1 core profit rises 60%

AstraZenecaAstraZeneca reported that its first quarter core earnings per share increased 20% to $1.89...

Manitoba to invest $2.4 billion in infrastructure

Doyle PiwniukThe Manitoba government is committing $2.4 billion in infrastructure funding as part of Budget 2022, with more than $1.5 billion going toward a three-year plan focused on Manitoba's highway network, Transportation and Infrastructure Minister Doyle Piwniuk announced...

United looks to add 50,000 employees over next five years

United AirlinesUnited Airlines announced a new collaboration with OneTen, a coalition of leading chief executives and their companies committed to creating one million family-sustaining careers for Black talent with opportunity for advancement over the next 10 years...

Norsk Hydro offers to buy Alumetal for EUR 232 mln

Norsk HydroNorsk Hydro said that it has offered to buy the Polish recycler Alumetal for 68.4 PLN per share in cash, representing an aggregate equity purchase price of about 1.07 billion PLN or about 232 million euros...

Eli Lilly Q1 net income increased 40 percent

Eli LillyEli Lilly reported that net income for the first quarter increased about 40 percent to $1.90 billion or $2.10 per share from $1.36 billion or $1.49 per share in the year-ago quarter...

Weyerhaeuser Q1 net earnings increased to $771 million

WeyerhaeuserWeyerhaeuser reported first quarter net earnings per share before special items of $1.31 compared to $0.91, prior year...

Amazon posted net loss, predict more losses

AmazonAmazon reported results for its Q1...

Chevron Q1 profit quadruples

ChevronChevron reported first quarter net income of $6.26 billion up from $1.37 billion during the same quarter in 2021...

Phillips 66 Q1 net income $582 million

Phillips 66Phillips 66 posted a profit for the first quarter, compared with a year-earlier loss...

Midea Group revenue grew 20.2%

Midea GroupMidea Group has published its 2021 annual report...

Iran's oil exports jumps by 30 percent

Iranian oilIran's oil exports jumped by 30 percent from last year to 870,000 barrels per day (bpd) in the first quarter of 2022...


What to read next

Highlights: September 17 - September 23, 2018
Highlights: April 29 - May 5, 2019
Highlights: June 8 - June 13, 2015

Winter storm moving across U.S.

 
A hyperactive weather pattern will bring an expansive low pressure system across mainland U.S., resulting in widespread impactful weather to progress from west to east across the country through the next few days.
 
 

Latest

Baker Hughes reports U.S. rig count up 2 to 588
Massachusetts Governor Healey welcomes Jordan king
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NEWS

U.S.: Pacific storm will bring strong winds, heavy rain, and mountain snow

EPPO probes steel import tax fraud with searches in UK and Germany
Police investigate extensive data breach on Valio’s network
U.S.: Prolonged heavy rain and snowfall
Croatia: Investigation launched against 2 individuals and 1 company suspected of subsidy fraud
Latvia-Sweden subsea cable damaged in Baltic Sea
 

BUSINESS

Cable laying begins for Tyrrhenian Link interconnector in Italy

Construction of Serbia-Hungary oil pipeline to begin by end-2025
Six contractors set to bid for Stad ship tunnel in Norway
New Cebu International Container Port construction begins
Baltic States join the European continental electricity grid
U.S. drillers add oil and gas rigs to 586
 

Trending Now

Winter storm moving across U.S.

Massachusetts Governor Healey welcomes Jordan king

Baker Hughes reports U.S. rig count up 2 to 588

Novartis opens 40 mln euro plant in Slovenia


POLITICS

Trump raises aluminum tariffs to 25 pct, ends exemptions on steel and aluminum

Greece to protest Italian sale of aerospace giant Piaggio to Turkish drone manufacturer Baykar
South Africa raises national minimum wage to $1.55 per hour
Moldova announces tender for constructing wind, solar parks worth 200 mln euros
Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies
EU invests over €1.2 billion in cross-border infrastructure
 

Today We Recommend

Attorney General coalition probing asset managers’ activity regarding Chinese investments


Highlights 

Amazon announces 1,000 new UK apprenticeship opportunities for 2025

NIB provides loan to Tønder Biogas for one of Europe’s largest biogas facilities

bp and Iberdrola begin construction of Spain’s largest green hydrogen plant


COMPANIES

Novartis opens 40 mln euro plant in Slovenia

NIB provides loan to Tønder Biogas for one of Europe’s largest biogas facilities
Amadix to develop innovative diagnostic tests for early cancer detection
bp and Iberdrola begin construction of Spain’s largest green hydrogen plant
Cold-Link Logistics will create 123 new jobs in Robeson County, North Carolina
ArcelorMittal plans Alabama mill to produce electrical steel, will create 1,300+ jobs
 

CAREERS

Ruslan Pereira promoted to head of sales for Lindemann’s South American region

Nazeem Noordali appointed CEO of International Islamic Trade Finance Corporation
Inizio appoints Colin Stanley as chief commercial officer
Bridgewest Group names operating partner and general manager, Europe
Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)
Solithor appoints new CEO
 

ECONOMY

U.S. becomes New Zealand's second largest export destination

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus
Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
 

EARNINGS

Ericsson Q2 sales down but North America up

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
 

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

Higher salmon volumes and U.S. growth resulted in record Norwegian seafood exports in January

U.S. resumes cattle and bison imports from Mexico under new protocol
Canada considers lowering tebuconazole residue limit on grapes, impacting U.S. imports
How expensive was agricultural land in Europe in 2023
Iran to import 50,000 tons of potatoes to stabilize prices amid rising food costs
JBS and partners donate 3 million tags to improve livestock traceability in Pará, Brazil
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

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
Allyship is critical and its needs appreciation
 

CRIME

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
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

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
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

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
 

HEALTH

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
Potentially deadly fungal disease spreading in California
 

MEANTIME

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
Roscosmos chief approves schedule of creating Russian orbital station through 2033