POST Online Media Lite Edition



 

Highlights: April 6, 2020 - April 11, 2020

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

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Topics: HIGHLIGHTS   

Tabreed acquires Emaar district cooling business in $675 million deal

TabreedThe National Central Cooling Company, Tabreed, has acquired an 80 percent stake in Emaar Properties' Downton Dubai district cooling business....

Pakistan lifts restriction on construction industry, firms will pay only 10% tax

Asad UmarMinister for Planning and Development Asad Umar says the government has lifted the restriction on construction industry to benefit the labour community attached with this sector....

Shinzo Abe declares state of emergency, will spend $990 billion

Shinzo AbeJapanese Prime Minister Shinzo Abe has declared a state of emergency to fight new coronavirus infections in major population centres and unveiled a stimulus package he described as among the world's biggest to soften the economic blow....

Australia has A$4.361 billion trade surplus

Australia streetAustralia posted a seasonally adjusted merchandise trade surplus of A$4.361 billion in February, the Australian Bureau of Statistics said on Tuesday....

South Korea adds $46 billion economic stimulus package over coronavirus

Moon Jae-inSouth Korean President Moon Jae-in said Wednesday that his government will add about 56 trillion won ($46 billion) for additional economic stimulus package to help prevail over the economic fallout from the coronavirus outbreak across the world....

Free tractor rental for farmers in Rajasthan

Rajasthan farmerIn an attempt to reduce the impact of the Coronavirus threat on small farmers of Rajasthan and to support the farming community during a crucial cropping season, TAFE, under its CSR initiative, announced a free tractor rental scheme through its JFarm Services platform, for a duration of 90 days....

Tax havens must be abolished to release more funds to fight epidemic, says Poland

Mateusz MorawieckiPoland is appealing for the eradication of tax havens in order to make more funds available in the budgets of the European Union and other countries to fight the coronavirus spread, Polish PM Mateusz Morawiecki said in the lower house....

SAP Q1 preliminary cloud revenue grew 29%

SAPAfter an initial review of its first quarter 2020 performance, SAP SE (NYSE: SAP) today announced its preliminary financial results for the first quarter ended March 31, 2020....

Prudential Financial to sell Prudential of Korea to KB Financial Group for $1.9 billion

Prudential FinancialPrudential Financial announced that it has entered into a definitive agreement with KB Financial Group, a Korean financial services provider, to sell The Prudential Life Insurance Company of Korea....

Prime Healthcare to acquire Verity Health System's St. Francis Medical Center for $350 million

Prime HealthcarePrime Healthcar and Verity Health System announced that the U.S. Bankruptcy Court for the Central District of California in Los Angeles has approved the Asset Purchase Agreement for the sale of St. Francis Medical Center in Lynwood, California....

Gilead Sciences appealed $778 million ruling, now will pay $1.2 billion

Gilead SciencesBristol-Myers Squibb persuaded a judge to boost damages to $1.2 billion in its patent-infringement case against Gilead Sciences's Kite unit over revolutionary treatments that use a body's own immune system to fight cancer....

Air France KLM losing 25 million euros per day

Air France KLMIt's understood Ben Smith, CEO of Air France KLM, has announced internally that the company is losing 25 million euros per day....


What to read next

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

Storm brings rain and snow to southwest U.S.; snow on higher elevations

 
A deep upper level low will drop into the western U.S. today, pushing a surface frontal system south across the region.
 
 

Latest

U.S. oil and gas rig count falls to 576
Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland
Kansas Governor announces $25M for Stafford County Transload Facility Project
Port Houston awarded $25 million to build hydrogen fuelling station

NEWS

Arctic air spreads south and east from Rockies Friday through next week

Bulgaria: 4 charged with €94.5 million fraud involving railway signalling systems
Winter storm to impact south and southeast U.S.
Azerbaijan suspends gas supplies to Bulgaria for technical reasons
UK phasing out sale of new petrol and diesel cars from 2030
Anchor linked to Eagle S recovered in Finland-Estonia cable damage probe
 

BUSINESS

Ukraine planning to resume port concessions in 2025

EIB and Societe Generale to stimulate up to €8 billion investment in wind industry
U.S. drillers cut oil and gas rigs
U.S. rig count dropped, Canada nice surprise
Massachusetts wins more than $102 million for transportation infrastructure projects
Baker Hughes oil rig count unchanged at 589, Canadian down
 

Trending Now

U.S. oil and gas rig count falls to 576

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers

Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence


POLITICS

BOEM approves construction and operations plan for SouthCoast Wind Project

Thailand signs trade deal with European nations
Mexico and EU update trade deal to counter potential U.S. tariffs under Trump administration
Trump announces plans for 10% tariff on China starting on February 1
Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers
Historic $8 billion transportation investment to improve roads, bridges and regional transit in Massachusetts
 

Today We Recommend

Raiffeisen Bank faces €2 billion fine in Russia


Highlights 

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers


COMPANIES

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities
Raiffeisen Bank faces €2 billion fine in Russia
Reach Subsea confirms delivery of Reach Remote 1
Corning to create 300+ jobs in North Country, New York
Lufthansa Group plans around 10,000 new hires across entire company in 2025
 

CAREERS

Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)

Solithor appoints new CEO
McWin appoints Guillaume Charlin as managing partner
PrecisionLife: Bill Keating new chief commercial officer, diagnostics and healthcare
Mika Mahlberg becomes Fortaco’s president, CEO and member of board
Medicilon names Lilly Xu as chief technology officer
 

ECONOMY

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
Italy sees faster economic growth in Q1
 

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

Hong Kong suspends of poultry meat and products from areas in U.S.

Indonesia aims for food self-sufficiency in rice, corn, salt by 2026
Vietnam opens Brazilian market for salted cattle hides
Germany reports first foot and mouth disease outbreak in 35 years
UK exported enough banned bee-killing pesticides to cover area bigger than England
Hong Kong suspends import of poultry meat and products from areas in Hungary, Portugal, Korea
 

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