POST Online Media Lite Edition



 

Highlights: December 9 - December 14, 2019

Christian Fernsby |
The most interesting business stories that marked last business week.

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Sanofi to acquire Synthorx for $2.5 billion

SanofiSanofi and Synthorx entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Synthorx for $68 per share in cash, which represents an aggregate equity value of approximately $2.5 billion on a fully diluted basis....

Ireland announces 1 billion euros investment in rail network

Shane RossIreland's Minister for Transport, Tourism and Sport Shane Ross announced a new EUR 1 billion 5 year investment programme in Ireland's rail infrastructure....

Asian Development Bank approves $1.3 billion loan for Pakistan

Asian Development BankThe Asian Development Bank (ADB) has signed an agreement with Pakistan for a loan worth $1.3 billion....

Thor Industries Q1 2020 net sales $2.16 billion

Thor IndustriesThor Industries announced results for the first quarter of fiscal 2020 ended October 31, 2019....

2020 outlook: Q1 hiring intentions in U.S remain steady

American workersU.S. employers expect the hiring pace to remain steady in Q1 2020 though regional and industry forecasts are mixed, according to the ManpowerGroup (NYSE: MAN) Employment Outlook Survey....

China inflation near 8-year high, PPI continues to fall

China grocery storeChina's consumer price inflation accelerated to the highest since early 2012 in November as disruption to pork supply pushed up food inflation, data from the National Bureau of Statistics showed Tuesday....

Nigeria has lost $42bn to crude oil theft in last decade

Nigeria oilA report published by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that crude oil and refined products worth $41.9 billion have been stolen in Nigeria since 2009....

LightInTheBox Q3 revenues increased 34.6%

LightInTheBoxLightInTheBox Holding announced its unaudited financial results for the third quarter ended September 30, 2019....

Nestle to sell U.S. ice cream business to Froneri in $4 billion deal

Nestle USANestle announced that it has reached an agreement to sell its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestle created in 2016 with PAI Partners, for a transaction value of USD 4 billion....

Acorn International Q3 net revenues increased 49.4%

Acorn InternationalAcorn International announced its preliminary unaudited financial results for the third quarter ended September 30, 2019....

EIB joins forces with Natixis to create more than 700 solar jobs in Spain

NatixisThe European Investment Bank (EIB) signed two major agreements for promoting renewable energy in Spain....

Delivery Hero to buy Woowa Brothers for $4 billion

Delivery HeroDelivery Hero signed agreements with Woowa Brothers to buy it for $4.0 billion....

Brazil's beef sales to set record

Antnio CamardelliEgypt remains the third biggest market for Brazilian beef, although sales slowed down somewhat in the last few months, partly due to the fact that some meat packers got the green light to export to China, said Brazilian Beef Exporters Association (Abiec) chairman Antonio Camardelli during a press conference this Tuesday (10)....

Kroger and Walgreens form group purchasing organization

Walgreens Boots AllianceThe Kroger Co. and Walgreens have formed a new group purchasing organization (GPO) aimed at delivering purchasing efficiencies, lower costs and combined resources to help drive further innovation....

UK's A14 bypass opens 12 months ahead of schedule

UK A14 bypass EllingtonThe UK's A14 bypass section has opened to traffic, around 12 months ahead of schedule....


What to read next

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

U.S.: Winter storm and heavy rain impact portions of west

 
A series of atmospheric rivers are forecast to produce heavy rainfall in the Pacific Northwest into the upcoming week while heavy snow continues in the Northern Rockies through Sunday.
 
 

Latest

Hikers missing after Indonesian volcano erupts
Spain arrests fugitive wanted by U.S. for crime of fraud
50 oil and gas companies pledge to cut emissions, pollution in Dubai as climate talks underway
Tanzania's mega hydropower project gets connected to national grid

NEWS

Dangerous Italian fugitive arrested with Europol's support

9 dead after armed men raid Peru's Poderosa mine
Small tsunamis reach areas along Japan's Pacific coast
Snow paralyses Europe and U.S. as winter takes first victim in UK
Philippines earthquake leaves 1 dead
U.S.: Winter storm impacting portions of west
 

BUSINESS

China starts building first national offshore wind power research, test base

U.S. oil rig count climbs by 5 to 505
Over 2,300 trucks waiting to cross into EU from Belarus, line keeps growing
New report highlights promise of Lithium Valley in California
Greece’s new FSRU to receive first LNG cargo in January
Cayman Islands to build new submarine cable
 

Trending Now

50 oil and gas companies pledge to cut emissions, pollution in Dubai as climate talks underway

9 dead after armed men raid Peru's Poderosa mine

U.S.: Winter storm and heavy rain impact portions of west

Dangerous Italian fugitive arrested with Europol's support


POLITICS

President Lula in Berlin for first talks between Brazil and Germany in eight years

Greece cut coal use by over 80%
Sourth Dakota Governor Noem supports Congressman Gallagher's bill protecting U.S. farmland from China
Slovakia to extend grain embargo, expand list of banned agricultural products from Ukraine
Brazil to join OPEC+ in 2024
Zimbabwe mulls wealth tax targeting rich
 

Today We Recommend

Senators urge Biden to ban travelers from China after mystery pneumonia appears in U.S.


Highlights 

ManiKHeir will create 135 jobs in London, Ontario

Emmi opens new cheese conversion facility in U.S.

Dai Nippon Printing will create 352 new jobs in Davidson County, North Carolina


COMPANIES

Masdar and RWE in £11 billion investment to develop 3GW offshore wind projects in UK

ManiKHeir will create 135 jobs in London, Ontario
Saudi PIF, Patria seal $1.2bn infrastructure project in Brazil
SEAT expands solar energy capacity
SpaceX launches South Korean spy satellite from California
Emmi opens new cheese conversion facility in U.S.
 

CAREERS

Pyxis Oncology appoints Ken Kobayashi as chief medical officer

Amylyx Pharmaceuticals appoints Camille L. Bedrosian as chief medical officer
Federal Signal Corporation appoints Katrina L. Helmkamp to board
First Resource Bancorp appoints Kristen Fries as CFO
Network International appoints Mpho Sadiki as group managing director, merchant solutions for Africa
Liquid Intelligent Technologies: Oswald Jumira new CEO of Liquid C2 business unit
 

ECONOMY

Missouri Governor Parson announced state’s Consensus Revenue Estimate

Canadian GDP declines in Q3
Finland's economy contracts in Q3
Italy's annual inflation rate lowest in 32 months
Fitch upgrades Pennsylvania’s credit rating from ‘AA-’ to ‘AA
U.S. weekly jobless claims inch up to 218,000
 

EARNINGS

Dell Technologies revenue $22.3 billion

American Outdoor Brands Q2 sales $57.9 million
Marvell Technology Q3 revenue $1.419 billion
BMO Financial Q4 income $1,617 million
Cracker Barrel Old Country Store profit $5.46 million
Kroger Q3 earnings to $646 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

Minister Ng: Canada disappointed with unfair U.S. duties on softwood lumber products

Commission approves €500 million French State aid scheme to support investments in agriculture
Georgia refused entry to 21.5 tons of Belarusian potatoes
Value of cereal production in EU €64.4 billion, milk value €58.0 billion
Rosselkhoznadzor begins inspections of Brazilian poultry meat producers
Kazakhstan will supply peaches, cherries, and plums to China
 

LEADERSHIP

LinkedIn can trigger feelings of imposter syndrome

Study suggests corporate culture thwarts efforts to hire innovative candidates
Workplace wellness policies could soften effects of workaholism
Customers willing to wait longer for delivery when they shop in store showroom
Internal crowdfunding fosters innovation and engages employees
Employee owned businesses deliver an 8 to 12% productivity boost
 

CRIME

BNP Paribas subsidiary fined maximum amount over Swiss franc loans

Commission fines Rabobank €26.6 million over Euro-denominated bonds trading cartel
Shell Energy fined £1.4m by Ofcom for consumer protection breaches
Italy's antitrust agency fines energy companies for aggressive billing
New Jersey duo defrauded investors and mortgage lenders through $2.5 million investment scam
SEC charges Royal Bank of Canada with internal accounting controls violations
 

Magazine

TRAVEL

Bora Bora, first born paradise in French Polynesia

Mushrooms of all kinds will be featured at Autumn Bio Festival in Portugal
Festive winter fun in and around Hannover
Premier Australian motoring event returns this weekend
Yummy cake and bake show in London with great prizes
Tuileries Garden Christmas, magic of Christmas in Paris
 

SEA, LAND, AIR

Chevrolet Tahoe and Suburban come with new look

Chinese HiPhi revealed electric sedan, too bad it can't be trusted
New 2025 Ram 1500, Hurricane 3L and 420 horsepower
Gulfstream G700 business jet to fly 14,353 kilometers
Beneteau First, slender mainsail and generously sized foresails
Porsche launches speedboat with 400 kW
 

DESIGN

Hollywood Regency, the style that's always in

Filippo Loreti, premium Italian timepieces for adventurous gentlemen
Creative furniture that redefines the meaning of sofa
Perfect ovens for perfect pizza at home
Designer radiators, focal point that heats your room
What to do and what not to do when designing your living room
 

GADGETS

Rode NT1 5th Generation, the ultimate studio microphone

Motorola g family smartphones bring something for everyone
Focal Shape 65 monitor, loudspeakers for home or professional studio
NAD C 268 stereo power amplifier, multipurpose workhorse
DeVore Fidelity Orangutan O/Reference, €90,000 for ultimate sound
Motorola razr, foldable phone that allows you to live your real life
 

HEALTH

Pathogens use force to breach immune defenses

Governor Moore announces expanded access to contraceptive care across Maryland
California Governor Newsom announces new legislation to prevent illicit use and trafficking of xylazine
Argentina records hundreds of Trichinella cases
Loss of auditory nerve fibers uncovered in individuals with tinnitus
Netherlands sees alarming surge in pneumonia among children, China disinfecting schools
 

MEANTIME

Russia launches cargo spacecraft to International Space Station with equipment and gifts

Earth experiences second geomagnetic storm in six days
Europe is working on multi purpose habitat for moon
Artificial intelligence used to detect plastic waste at sea
Astronomers spot giant stream of stars between galaxies
Six exoplanets discovered in synchronised dance