POST Online Media Lite Edition



 

Highlights: August 29, 2022 - September 3, 2022

Christian Fernsby |
Events of the last week.

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Grupo Modelo increases its VW fleet with 298 vehicles

Grupo ModeloVolkswagen Trucks and Buses delivered 298 vehicles to Grupo Modelo in the first half of this year to increase its fleet in Mexico and thus support the distribution of its products...

Baker Hughes plans to wipe-off 10,000 pounds from salaries, says union

Baker HughesUnite the union members working for Baker Hughes are starting strike action 29 August in a dispute over fire and rehire tactics...

West Pharmaceutical Services creating 225 new, full-time jobs in Lycoming County, Pennsylvania

West Pharmaceutical ServicesWest Pharmaceutical Services, Inc. is creating 225 new, full-time jobs as part of its expansion project in Jersey Shore, Lycoming County, Pennsylvania...

Hankook Tire will create 397 new jobs in Montgomery County, Tennessee

Hankook TireHankook Tire & Technology announced the company will invest $612 million in its third major manufacturing expansion since breaking ground on the company's state-of-the-art Clarksville, Tennessee facility in 2014...

Reliance unveils $9.4 billion plan to boost oil to chemicals

Reliance IndustriesReliance Industries will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said...

Six million Afghans at risk of famine

AfghansThe UN's humanitarian chief Martin Griffiths called on donors to restore funding for economic development and immediately provide $770 million to help Afghans pull through the winter...

Syngenta Q2 sales increased 24%

SyngentaSyngenta Q2 sales increased 24% to $9.2 billion while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 39% to $1.7 billion...

UPS places order with Boeing for 767 freighters

UPS planeUPS will buy eight more 767-300 freighters from Boeing to support domestic and international demand for parcel shipping, driven by e-commerce, and fleet replenishment...

First Solar to invest about $1.2 billion in U.S. manufacturing

First SolarFirst Solar plans to invest about $1.2 billion in new and expanded U.S. manufacturing...

Roper Technologies to buy Frontline Education in $3.7 billion deal

Frontline EducationRoper Technologies said it would buy Frontline Education from private equity firm Thoma Bravo in a deal that valued the education software maker at about $3.7 billion, bolstering its software business...

Dechra acquired Med-Pharmex for $260m

DechraVeterinary pharmaceuticals specialist Dechra has acquired Med-Pharmex for $260m...

Nucor to invest $200 mln in steel mill in South Carolina

NucorNucor said that it will invest $200 million over a five-year period in mill modernization projects at its Nucor Steel Berkeley division in Huger, South Carolina...

Microsoft launches new data centre region in Qatar, will create 36,000 jobs

Lana KhalafMicrosoft has opened its first cloud data centre region in Qatar as it adds tens of thousands of jobs to the country's economy...

Bosch will create 350 new jobs in Anderson County, South Carolina

BoschBosch announced plans to expand operations in Anderson County, South Carolina...

Micron Technology to invest $15 billion in Idaho

Micron TechnologyMicron Technology announced plans to invest approximately $15 billion through the end of the decade to construct a new fab for leading-edge memory manufacturing in Boise, Idaho...

Shell and Exxon sell assets in California for $2+ billion to IKAV

ShellShell has ended its upstream activities in California by selling its stake in Aera Energy to international asset management group IKAV for about $2 billion...

German firm wpd to invest $1.5 billion to build four wind farms in Bosnia

wpdGerman company wpd has agreed to build two wind farms in western Bosnia worth 300 million euros ($299.7 million), the first part of a 1.5 billion euro project...

$1.4 billion funding to improve U.S. rail network

USDOTThe US Department of Transportation (USDOT) has announced the availability of more than $1.4 billion in Consolidated Rail Infrastructure and Safety Improvement (CRISI) Grant funding...


What to read next

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

U.S.: Below normal temperatures in south and east, west will experience above normal temperatures

 
Under an intense surge of arctic air, Friday morning will begin with the coldest temperatures so far this season across much of the central and eastern U.S. with blustery conditions and a piercing wind chill.
 
 

Latest

U.S. rigs increased nicely
New York: More than $15.5 million awarded through Office of Strategic Workforce Development
Amgen will expand in North Carolina, create 370 jobs
NexGen Cabinets selects North Carolina for East Coast operation

NEWS

UK: Sizewell A delivers groundbreaking turbine hall milestone

UnitedHealthcare CEO Brian Thompson assassinated in New York
U.S.: Arctic outbreak of cold air will expand, dangerously cold wind chills expected
Finland, Sweden complete repairs on Baltic Sea cables
Black boxes from Vilnius plane crash to be sent to Germany
U.S.: Strong winds, lower elevation rain and higher elevation snow
 

BUSINESS

EU Commission, EIB to invest in European battery manufacturing

U.S. oil rigs continue decline
EU ports handled 3.4 billion tonnes of freight in 2023
U.S. oil rig count down by 1, Canadian up by 1
Philippines breaks ground on massive 5 billion kWh solar farm
U.S. drillers cut oil and gas rigs this week, says Baker Hughes
 

Trending Now

U.S.: Below normal temperatures in south and east, west will experience above normal temperatures

U.S. rigs increased nicely

New York: More than $15.5 million awarded through Office of Strategic Workforce Development

Amgen will expand in North Carolina, create 370 jobs


POLITICS

Lieutenant Governor Way to lead inaugural New Jersey-India commission trip to India

Commission approves €1.9 billion German State aid in favor of DB Cargo
Pakistan proposes Russia take part in oil and gas exploration on its shelf
Michigan Governor met with business leaders and foreign officials in Spain
Spain passes measures to protect workers amid climate emergency
Ontario investing $1 billion to help municipalities build more homes
 

Today We Recommend

Brazil unveils investment plan to spur agro-industrial development


Highlights 

New York: More than $15.5 million awarded through Office of Strategic Workforce Development

Amgen will expand in North Carolina, create 370 jobs

NexGen Cabinets selects North Carolina for East Coast operation


COMPANIES

CELIA submarine cable connecting Caribbean to U.S.

Amazon sued over slow deliveries to low-income areas in U.S.
Saudi Aramco acquires 10% stake in Renault-Geely JV
21CS will create 25 new jobs in Carteret County, North Carolina
Heidelberg Materials acquires Giant Cement to boost U.S. footprint
Commission finds Estonian State aid to agricultural company Tartu Agro to be incompatible State aid
 

CAREERS

Pan-African legal group CLG appoints Leon Van der Merwe as partner

Stellantis board accepts Carlos Tavares’ resignation as CEO
Joe Depa named as EY global chief innovation officer
Comviva appoints chief strategy, technology and transformation officer
Orion Innovation names Garima Singh chief people officer
Rohde & Schwarz appoints Markus Fischer as COO
 

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

Maltese official hails bluefin tuna export to China

Brazil unveils investment plan to spur agro-industrial development
Government pays out £57 million to farmers affected by flooding
Canada confirms new case of Dermo disease in oysters
Bulgaria, Romania demand protective measures against Ukrainian honey imports
Malaysia invests $2.55m in 2025 to boost onion production and reduce imports
 

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

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
Potentially habitable 'exo-Venus' with Earth-like temperature discovered