Highlights: August 5 - August 10, 2019
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Topics: HIGHLIGHTS
Trump's war with China: Good for big farmers, bad for small ones
A new analysis of US Department of Agriculture (USDA) data shows that Donald Trump's farm bailouts are benefiting large corporate farms in America....Myanmar to reduce annual timber logging quota by half
Myanmar will cut its annual logging limit of teak and hardwood by 50 percent and produce only enough timber to meet the cost of production during 2019-20 logging season, according to the state-run Myanmar Timber Enterprise (MTE) Monday....Laos and Thailand launch freight train service
Laos and Thailand have launched a freight train service across the Lao-Thai Friendship Bridge between Lao capital Vientiane and Nong Khai province to facilitate import and export businesses....Subaru Q1 overseas unit sales rose 9.7%
Subaru Corporation announced its consolidated financial results for the first quarter of fiscal year ending March 31, 2020....UK signs $425 million Typhoon engine contract with Rolls-Royce
Britain has signed a 350 million pound contract with Rolls-Royce to provide maintenance for the engines of Typhoon fighter jets....Tesco to cut 4,500 jobs to better serve customers
Tesco begun conversations with colleagues about some operational changes to the way we run their Metro stores in the UK....Cost of rural crime in UK hits £50 million
The cost of rural crime has hit a seven-year high in the UK, reaching a staggering £50 million last year....Double-digit growth for container and bulk cargo transport on inland waterways from Hamburg
Hamburg is Germany's biggest universal port and, with 9.9 million tons throughput in 2018, its second biggest inland port....New Zealand unemployment falls to 11-year low
New Zealand's unemployment rate fell to 3.9 percent in the June 2019 quarter, down from 4.2 percent in the March 2019 quarter, the statistics department Stats NZ said on Tuesday....Strongest ever July for Norwegian seafood exports
So far this year, Norway has exported 1.4 million tonnes of seafood worth NOK 59 billion....Total sells interest in pipeline network for €260 million
Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for €260 million (about $290 million)....Report shows continued decrease in antibiotic use by Germany's vets
In the latest report released by the Federal Office of Consumer Protection and Food Safety (BVL), data show that overall antibiotic use by vets decreased by 1.5 percent (10.7 t) compared to 2018....Mastercard to buy part of Nets for $3.19 billion
Mastercard said on Tuesday it would buy a majority of the corporate services businesses of Scandinavian payments group Nets for about 2.85 billion euros($3.19 billion)....Philippines declares national dengue epidemic, 622 dead
The Philippines declared a national dengue epidemic on Tuesday after hundreds of people died of the disease this year....Fastest rise in construction activity for seven months in France
July data pointed to a modest rise in construction activity in France, with the rate of growth accelerating to the fastest for seven months....Colombia $652 million highway deal being arranged
Funding has been sourced for Colombia's Autopista al Mar 2 fourth generation (4G) highway project....CVS Health revenues increased 35.2%
CVS Health total revenues and adjusted revenues increased 35.2% and 35.8%, respectively, for the three months ended June 30, 2019 compared to the prior year....Huntsman selling 2 chemical units to Thai rival for $2.1 billion
Huntsman Corporation announced it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion....Merck Q2 net income soared 90.8%
Merck generated strong net sales growth in the second quarter of 2019, primarily on an organic basis....Zurich reports best first-half results in decade
Zurich Insurance Group reported half year results....Siemens Healthineers to buy Corindus Vascular Robotics for $1.1 billion
Corindus Vascular Robotics announced that it has entered into a definitive merger agreement to be acquired by Siemens Healthineers AG....Exal Corporation sells Exal Packaging SA to Queruclor Group
Exal Corporation, the largest producer of impact extruded aluminum containers in the world, has agreed to sell Exal Packaging SA (Exal's filling business), in Garin, Argentina to the Queruclor Group, an Argentine manufacturer and supplier of personal and home care products....Average cost of rent in Spain jumps 50% in five years
A new report from the Bank of Spain has revealed that the average cost of rent in Spain has risen 50% in the past five years....Broadcom to acquire Symantec Enterprise security business for $10.7 billion in cash
Broadcom announced an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion in cash....Close to 5 million pigs lost to Asia's swine fever outbreak
Almost 5 million pigs in Asia have now died or been culled because of the spread of African swine fever (ASF), a contagious viral disease that affects domestic and wild pigs and that was first detected in Asia one year ago this month....Tourism is strong, holidays are key growth driver
The first eight months of 2018 tell a clear story: the desire to travel the world is unbroken and the industry is looking at another record year....UK economy shrinks for the first time in six years
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said....European outbound travel increased, Spain and UK underperforming
European outbound travel increased by 5 per cent between January and August 2018....Future of life sciences research in Canada seriously threatened
The federal government's new regulations for setting the maximum allowable price of patented medicines in Canada, which have just been approved to come into effect next year, pose a serious threat to the future of life sciences across Canada....Héroux-Devtek reports strong Q1 results
Héroux-Devtek reported strong financial results for the first quarter ended June 30, 2019.... ■