POST Online Media Lite Edition



 

Highlights: December 14, 2020 - December 19, 2020

Christian Fernsby |
Stories from the last week.

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Huntington Bancshares and TCF Financial to merge in $22 billion deal

Huntington BanksharesTCF Financial Corp. will merge into Huntington Bancshares Inc. in a $22 billion all-stock merger that creates one of the largest regional banks in the U.S. with dual headquarters in Detroit and Columbus, Ohio....

Japan restaurants' bankruptcies to hit all time high

Japan restaurantsThe number of bankruptcies in Japan's restaurant industry will likely hit an all time high in 2020 as many establishments struggle to restore their cash flow amid the ongoing coronavirus pandemic, the results of a recent survey showed....

EG to buy 285 German forecourts for 485m euros

EGEG is to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland GmbH for 485m euros....

BNZ sells life insurance business for $290m

BNZBNZ has sold its New Zealand life insurance business to the local insurer Partners Life for $290 million....

Novartis to buy Cadent for up to $770 million

NovartisNovartis has entered an agreement to acquire Cadent Therapeutics, a Cambridge, Massachusetts based neuroscience company....

TalkTalk accepts GBP1.11 billion takeover as swings to loss

TalkTalkTalkTalk said Thursday it has agreed to an GBP1.11 billion takeover offer by Tosca, a new company formed by asset manager Toscafund Asset Management LLP and Penta Capital LLP....

General Mills Q2 up 19 percent

General MillsGeneral Mills reported a profit for the second quarter that increased about 19 percent from last year....

Philips to buy BioTelemetry for $2.47 billion

PhilipsPursuant to the agreement, Philips will commence a tender offer to acquire all of the issued and outstanding shares of BioTelemetry to be paid in cash upon completion....

Novozymes acquires Microbiome Labs for USD 125 million

NovozymesNovozymes has announced the acquisition of Microbiome Labs. Based in Illinois, U.S. ...

Openreach to create more than 100 new Welsh jobs alongside electric vehicle upgrade

OpenreachOpenreach today bucked the prevailing economic trend by creating at least 108 new Welsh-based engineering jobs to be filled during 2021, alongside more roles in its supply chain....

Amazon announces new fulfillment center in Arkansas, 500 new jobs

AmazonAmazon.com, Inc. announced plans to open a new fulfillment center in North Little Rock, Arkansas. ...

New Zealand records biggest annual trade surplus recorded since 1960

New ZealandThe country has posted a record annual trade surplus as coronavirus led to a sharp fall in imports....


What to read next

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

U.S.: Heavy rain, flash and river flooding, strong to severe thunderstorms

 
Francine will continue to weaken today as its low pressure center meanders east across northern Arkansas.
 
 

Latest

U.S. drillers add oil and gas rigs for first time in five weeks to 590
Iowa Governor leads trade mission to India
Minnesota Governor Walz announces new program to support new farmers
Nestlé Waters to pay €2 million fine to resolve French mineral water case

NEWS

Container market braces for ILA strike on U.S. East Coast

5 arrested for corruption in Bosnia and Herzegovina highway construction
U.S.: Flooding threat and extreme heat
European aviation regulator orders Airbus A350-1000 inspections after Cathay Pacific incident
U.S.: Heat, humidity, severe storms
Bulgaria: EPPO seizes assets in investigation into €2.6 million fraud involving water supply
 

BUSINESS

OPEC Fund approves close to US$1.2 billion new development funding

UK secures $10.5B Amazon investment
Slovak FM: Russian oil supply to Slovakia secured
U.S. oil rigs number fell by 1
Massachusetts and Rhode Island announce largest offshore wind selection in New England history
Jordan, UAE sign $2.3bln railway deal
 

Trending Now

U.S.: Heavy rain, flash and river flooding, strong to severe thunderstorms

Iowa Governor leads trade mission to India

U.S. drillers add oil and gas rigs for first time in five weeks to 590

Minnesota Governor Walz announces new program to support new farmers


POLITICS

EU orders recovery of around €14 million in incompatible German State aid from Frankfurt-Hahn airport and Ryanair

Netherlands expands export control measure for advanced semiconductor manufacturing equipment
Minnesota Governor announces new funding to expand biofuel availability
Texas to invest record $148 billion in transportation infrastructure
Minister Boissonnault reducing number of temporary foreign workers in Canada
Canada imposes 100 percent tariffs on Chinese EVs
 

Today We Recommend

OPEC Fund approves close to US$1.2 billion new development funding


Highlights 

Nestlé Waters to pay €2 million fine to resolve French mineral water case

Siemens to build first U.S. high-speed rail manufacturing facility in New York, creating 300 jobs

OPEC Fund approves close to US$1.2 billion new development funding


COMPANIES

Sumitomo completes Greenlink interconnector between Ireland and Wales

Siemens to build first U.S. high-speed rail manufacturing facility in New York, creating 300 jobs
Czech government and ČEZ in security agreement for development of small and medium-sized modular reactors
Lidl lays cornerstone for logistics base in Hungary, will create 400+ jobs
Epiphone inspired by Gibson Custom Collection Jimi Hendrix “Love Drops” Flying V available worldwide
Huawei and partners successfully test new wild fire detection solution in Greece
 

CAREERS

eQ Technologic appoints new CEO

MainStreaming appoints Ian Franklyn as CRO
APO Group appoints Bas Wijne as CEO
Rikard Lundqvist new CEO of Optronic
Gabriel Millan joins Mars as CFO for petcare business
Applied Materials appoints Florent Ducrot as head of European operations
 

ECONOMY

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
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
 

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

EU agri-food exports up 2 pct YoY for January-May period

Nebraska takes action to address lab-grown meat sales
Russia secures right to export fish to Mexico
Hong Kong suspends import of poultry meat and products from areas in U.S., France and Poland
Panama opens market to Brazilian pork
New Zealand temporarily suspends all Australian imported tomatoes
 

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

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
Italy issues $6.4 million fine over Chinese cars badged as Italian
EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions
HSBC pays penalties for alleged breaches of Consumer Data Right rules
 

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

Potentially deadly fungal disease spreading in California

First mpox vaccines arrive in Africa
WHO declares mpox public health emergency, Sweden and Pakistan confirm first case outside Africa
Kenya confirms its first mpox case as virus spreads in Africa
Brazil reports world's first deaths from Oropouche fever
New Alzheimer's treatment approved by FDA
 

MEANTIME

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
Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy