POST Online Media Lite Edition



 

Highlights: August 1, 2022 - August 6, 2022

Christian Fernsby |
Events of the last week.

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INEOS and SINOPEC sign three deals worth $7bn

SINOPECUK-based chemical and energy group INEOS has signed a series of agreements with Chinese oil and gas company SINOPEC to establish a large footprint in China...

BP to invest up to 50 million pounds in new electric vehicle battery testing centre in UK

Louise KinghamBP has unveiled plans to invest up to 50 million pounds in a new electric vehicle (EV) battery testing centre and analytical laboratory in the UK...

Valvoline to sell global products business to Aramco for $2.65 billion

ValvolineValvoline said it has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash...

Nearly half of U.S. companies plan to add staff in H1

WorkersThe job market will remain strong for the latter part of 2022, research from Robert Half shows...

John Deere to move some production from Iowa to Mexico

John DeereJohn Deere has announced it will be moving mower conditioner production from the John Deere Ottumwa Works in Iowa to its hay and forage mower factory in Monterrey, Mexico...

Air Canada Q2 operating revenues increased almost five times

Air CanadaAir Canada reported its second quarter 2022 financial results...

TD to buy Cowen for $1.3 billion

Toronto-Dominion BankToronto-Dominion Bank agreed to buy US brokerage Cowen for $1.3 billion in cash, $39 a share...

Ferrari Q2 net revenues up 24.9%

FerrariFerrari announced its consolidated preliminary results for the second quarter and six months ended June 30, 2022...

Hugo Boss Q2 sales increased 34%

Hugo BossHugo Boss Q2 currency-adjusted Group sales increased 34% compared to the prior-year period...

Ping Identity to be acquired by Thoma Bravo for $2.8 Billion

Thoma BravoPing Identity announced that it has entered into a definitive agreement to be acquired by Thoma Bravo for $28.50 per share in an all-cash transaction valued at an Enterprise Value of approximately $2.8 billion...

Semtech to buy Sierra Wireless in $1.2 billion deal

Sierra WirelessSemtech is acquiring Sierra Wireless in all-cash transaction valuing the Canadian company at $1.2 billion including debt...

Illinois: Tyson Foods breaks ground on Caseyville expansion, will create 250 new jobs

Tyson FoodsTyson's Caseyville facility will expand the production of Hillshire Farm and Jimmy Dean products...

Novo Nordisk's sales increased by 25%

Novo NordiskNovo Nordisk's sales increased by 25% in Danish kroner and by 16% at constant exchange rates to DKK 83.3 billion in the first six months of 2022...

National Bank of Bahrain reports 29% increase in net profit

National Bank of BahrainNational Bank of Bahrain B.S.C. (NBB) has reported a 34% increase in its net profit attributable to equity shareholders to BHD 20.0 million (USD 53.1 million) for the second quarter ended 30 June 2022, compared to BHD 14.9 million (USD 39.5 million) in the same period of 2021...

Regeneron Q2 revenues decreased by 44%

RegeneronRegeneron Pharmaceuticals announced financial results for the second quarter of 2022...

Bank Rakyat Indonesia net profit almost doubles

SunarsoBank Rakyat Indonesia announced a net profit of USD 1.66 billion or grew almost double 98.38% year-on-year (YoY) with total assets also increased 6.37% to USD 110.19 billion in the first half of 2022, at the Press Conference on Financial Performance for Q2 2022 on July 27, 2022...

Amgen to buy ChemoCentryx for $3.7b in cash

AmgenAmgen and ChemoCentryx announced that the companies have entered into a definitive agreement under which Amgen will acquire ChemoCentryx for $52 per share in cash, representing an enterprise value of approximately $3.7 billion...

Ontex to sell its Mexican business to Softys

OntexOntex Group, a supplier of personal care products, has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys, a personal hygiene company with operations across Latin America...

Digimarc Q2 revenue increased 23%

DigimarcDigimarc reported financial results for the second quarter ended June 30, 2022...

Hilton to upgrade headquarters, create 350 new jobs over next five years in Virginia

Hilton hotelHilton will retain its headquarters in Fairfax County, Virginia, including significant upgrades to its facility at 7930 Jones Branch Drive in McLean...

APA acquires oil producing assets in West Texas for $505m

Texas Delaware basinAPA has acquired Texas Delaware basin properties from an undisclosed firm in a deal worth $505m...

Ritchie Bros. Q2 revenue increased 22%

Ritchie BrosRitchie Bros. reported results for the second quarter ended June 30, 2022...

Goodyear Q2 net income more than doubles

GoodyearThe Goodyear Tire & Rubber Company reported results for the second quarter of 2022... â– 


What to read next

Highlights: January 2 - January 5, 2019
Highlights: January 7 - January 12, 2019
Highlights: January 14 - January 19, 2019

U.S.: Pacific storm over west

 
An omega pattern aloft will support impactful weather across the Central U.S. this weekend.
 
 

Latest

U.S. drillers cut oil and gas rigs to 620
4.8 magnitude earthquake rattles New Jersey and New York
Rare species of wild bees discovered in Berlin
UK: Leicester City Council confirms ransomware attack after confidential documents leaked

NEWS

Finland extends border closure with Russia indefinitely

Russian nationals admit to illegally sending controlled aviation technology to Russia
Germany says Russia ‘very likely’ responsible for Baltic GPS disruptions
Singapore jails second defendant in laundering case
Taiwan earthquake deaths climb to 12
Czech police arrest 14 for drug smuggling
 

BUSINESS

Australia: East coast gas surplus expected in Q3 2024

Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
UK airports granted extensions to install cutting-edge security technology
 

Trending Now

Slovenia's economy expected to grow 0.9 pct in Q1

UK scientists win funding for 'cancer detecting' Lollipops

UK's competition watchdog to examine EDF buying GE's nuclear turbine unit

Gilmour Space launches Bowen Spaceport


POLITICS

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports

Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
Colorado Energy Office launches tax incentive for geothermal electricity development and production
 

Today We Recommend

Thieves steal up to $30 million in one of largest cash heists in L.A. history


Highlights 

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding

Saint-Gobain to acquire Bailey for $650 million


COMPANIES

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
Oar Resources signs deal to acquire Namibian prospecting licences
 

CAREERS

TerraPay names Marco Boldini as EVP and global head of governmental affairs

Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
Ecobank Group strengthens leadership team
Veramed appoints Karen Curran as chief strategy officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Dollarama Q4 sales increased 11.3%

Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 million
BlackBerry Q4 revenue $173 million
Levi Strauss Q1 revenues 8% lower
PVH Q4 revenue of $2.490 billion flat
 

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

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

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
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

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
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

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
Pagani Huayra R Evo, 900 hp from 770 Nm
 

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

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
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

SLAC completes construction of largest digital camera ever built for astronomy

Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole
Hydrogen train from Switzerland sets world record