POST Online Media Lite Edition



 

Highlights: August 16, 2021 - August 21, 2021

Christian Fernsby |
Events of the last week.

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Sasol EBIT up more than 100%

SasolSasol delivered a strong set of results for the year ended 30 June 2021....

Adani Ports achieves highest ever quarterly volume growth of 83%

Adani PortsAdani Ports and Special Economic Zone Limited (APSEZ) announced its results for the first quarter ended 30 June 2021....

Huhtamaki acquires flexible packaging supplier Elif for 350m pounds

Huhtamaki ElifHuhtamaki reinforces its position in emerging markets with the acquisition of Elif, a major supplier of sustainable flexible packaging to global FMGC brand owners....

Iran GDP up 43.7%

Central Bank of IranThe Central Bank of Iran (CBI)'s data showed that the country's gross domestic product (GDP) for previous fiscal year (ended March 2021) had a growth of 43.7%....

Andersons sells rail leasing business for $550 million

AndersonsThe Andersons, Inc. announced that it has sold its railcar leasing business to American Industrial Transport, Inc. (AITX) for approximately $550 million in cash....

Brazil's Ultrapar sells chemical unit to Indorama for $1.3 bln

UltraparBrazilian industrial conglomerate Ultrapar Participacoes SA has agreed to sell its specialized chemicals unit Oxiteno to Thailand's Indorama Ventures PCL for $1.3 billion....

ALDI U.S. to hire more than 20,000 employees

ALDI U.S.ALDI U.S. is hiring more than 20,000 new store and warehouse employees to support its continued growth across the country and prepare for the busy holiday season....

Deutsche Post to acquire Hillebrand for $1.8 billion

Deutsche PostDeutsche Post said on Tuesday it was acquiring ocean freight forwarder J.F. Hillebrand Group for 1.5 billion euros ($1.8 billion) in cash....

Chile's GDP jumps 18.1%

ChileChile's gross domestic product rose 18.1% on a year-on-year basis in the second quarter of 2021....

DP World profits up 42.6 percent

DP WorldDP World has reported a 42.6 percent increase in profits for the first six months of the year to $475 million....

Goldman Sachs buys NN Investment Partners in $1.9 billion deal

Goldman SachsGoldman Sachs agreed to buy the asset management arm of Dutch insurer NN Group....

Weibo Q2 revenues up 48%

WeiboWeibo announced its unaudited financial results for second quarter ended June 30, 2021....

Auckland Airport profit up 139.4 percent

Auckland AirportAuckland Airport reported profit after tax was up 139.4 percent to $464.2 million....

Crump Group selects Nash County for first U.S. production facility, to create 160 jobs

Crump GroupThe Crump Group Inc. will locate its first production facility in the United States in Nash County, creating 160 jobs, North Carolina....

Pennsylvania: Stir Foods Lancaster expands in Lancaster, brings 100 new jobs

Stir Foods LancasterStir Foods Lancaster, LLC will expand its Lancaster manufacturing location, investing more than $4 million into the expansion, retaining 51 jobs and creating 100 new, full-time jobs over the next three years....

Morrisons agrees to CD&R's 8.2bn euros takeover offer

MorrisonsMorrisons has agreed to a takeover offer from Clayton Dubilier & Rice that values it at 8.2bn euros ($9.55bn)....

Advanced Modular Structures to create 200 jobs in Georgia

Advanced Modular StructuresAdvanced Modular Structures LLC. will create 200 jobs and invest more than $14 million in a new manufacturing facility in unincorporated Fulton County, Georgia....

Western Magnesium chooses first commercial plant site in Ohio, will employ hundreds

Western MagnesiumAfter a lengthy search and due diligence, Western Magnesium has an agreement with Harrison county, Ohio, which will be the site of the first full scale deployment of the company's proprietary magnesium extraction technology in the United States....

Communications Solutions to bring 250 new jobs in Emporia, Kansas

Communications SolutionsCommunications Solutions, LLC (CSLLC) will expand its operations to Emporia, Kansas, creating 250 new jobs....

Macy's profit up 59 percent

Macy's$5.65 billionMacy's reported an adjusted profit of $1.29 a share during the fiscal second quarter....

Foot Locker income Q2 jumps almost 10 times

Foot LockerFoot Locker reported financial results for its second quarter ended July 31, 2021....


What to read next

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

U.S.: Areas of severe thunderstorms and heavy rain through the weekend

 
Upper-level ridging weakens from the Ohio Valley to the Southeast on Friday, resulting in a reduced area of Heat Advisories over the east.
 
 

Latest

Baker Hughes: U.S. oil rig count down by 6 to 432
Malaysia introduces new rules prohibiting all plastic waste imports from U.S.
Kazakh-German JV Skyhansa to build $500 mln airport near Chinese border
Ukrainian poultry products gained access to Oman market

NEWS

EPPO targets criminal organisation suspected of VAT fraud involving sales of diesel

U.S.: Severe thunderstorms in the Northern Plains and Upper Midwest
Former U.S. senator Bob Menendez begins serving 11-year bribery sentence
Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe
Croatia: Former minister sentenced to two years of imprisonment for abuse of office and authority
U.S.: Widespread showers across the eastern half, severe thunderstorms in Montana into the Plains
 

BUSINESS

Peru's mining exports jump 23 pct

Vietnam encourages private businesses to invest in railway sector
Baker Hughes: U.S. oil rig count down by 1 to 438
AfDB to provide $184.1 million for Africa’s largest solar energy and battery storage project
EIB supports Bay of Biscay electricity interconnection between Spain and France
U.S., UK, and Congolese officials inaugurate Kiswishi City Special Economic Zone
 

Trending Now

Peru's mining exports jump 23 pct

Fire in Egyptian hospital kills at least seven coronavirus patients

Egyptians start paying taxes on imported mobiles

Micron plans to invest $200 billion in semiconductor manufacturing and R&D


POLITICS

New York Power Authority directed to develop nuclear power plant

Cuban President begins official visit to Belarus
EU adopts new tariffs on Russian and Belarusian agricultural goods and fertilisers
EU proposes banning LNG gas imports from Russia by end of 2027
New York Governor announces Sullivan County broadband project
Zimbabwe to ban lithium concentrate exports
 

Today We Recommend

New York Power Authority directed to develop nuclear power plant


Highlights 

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan

WFS to open new multi-purpose terminal at Lyon Airport


COMPANIES

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan
LS Cable and unit join Korea-Japan submarine cable project
WFS to open new multi-purpose terminal at Lyon Airport
CEVA Logistics renews contract to transport aeronautics parts between France, Morocco, Tunisia
Malian government takes over Canadian-owned Barrick Gold mine
 

CAREERS

Bluecrux appoints four new partners

Isomorphic Labs appoints Ben Wolf as chief medical officer
Vodacom names new international markets CEO
David Andreadakis joins Loyalty Juggernaut as chief commercial officer
Tom Montali joins CSL as business development director
Concirrus appoints Steve O'Reilly as product manager
 

ECONOMY

EU-Mercosur trade up substantially in last decade

Russia's trade surplus falls 18.3% to $42.4 bln in January-April
U.S. economy in Q1 revised up to 0.2-pct contraction
Japan loses top creditor position for first time in 34 years
NZ exports to EU jump 28% in first year of trade deal
EU generated €39.2 billion surplus in trade in agricultural products
 

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

Ireland: Minister Donohoe removes broiler poultry farmers from VAT Flat Rate Addition scheme

FLI tests mobile One Health laboratory for diagnosing highly pathogenic pathogens
First vaccine against swine dysentery disease recommended for approval
USDA expands fruit pest quarantines in New York and California
Peru records 23.6% growth in agricultural export sales compared to 2024
China allows imports of rapeseed meal, soybean meal from Uruguay
 

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

German court convicts four ex-Volkswagen managers of fraud in emissions scandal

EU fines carmakers €458 million for anti-recycling cartel
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
 

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

Bolivia declares national health emergency due to measles outbreak

Hong Kong researchers develop needle-free flu vaccine with broad protection
World's first vaccines that don't need refrigeration entered trials
First patient enrolled in Phase 1 clinical trial of Akiram’s cancer drug candidate
FDA grants marketing authorization of first home test for chlamydia, gonorrhea and trichomoniasis
Human cases of anthrax reported in western Mongolia
 

MEANTIME

Cost of keeping wind turbines out of sight

Mission to "weigh" all of Earth's forests from space launched
NASA's SPHEREx space telescope begins mapping entire sky
Russian academics, gas industry experts see undersea LNG transportation as feasible
India launches space docking experiment mission
World-first carbon-14 diamond battery made