POST Online Media Lite Edition



 

Highlights: February 20 - February 25, 2017

Staff Writer |
The summary of the last week's business headlines and the most interesting stories.

Article continues below






House price growth slows in England, falls in London

House price growth in England and Wales slowed to its worst rate in nearly four years and London saw the largest annual fall in almost six....

Standard Chartered and IFC to invest up to $1 billion in emerging markets

Standard Chartered has agreed with IFC (International Financial Corporation), a member of the World Bank Group, to continue their trade finance partnership under the Global Trade Liquidity Program (GTLP)....

77% of Croats ready to leave country to find new job

As much as 77 percent of respondents in a recent poll said they were ready to leave Croatia for a new job....

There are no guarantees that all workers will stay at Opel

Peugeot and General Motors have not given binding guarantees to preserve German jobs and factories at Opel, Germany's Deputy Economy Minister Matthias Machnig said....

Sound Energy buys up more assets in £250 million deal

Africa and Europe-focussed upstream gas company Sound Energy has entered into binding agreements with Oil & Gas Investment Fund....

Pizza Hut cuts prices on online orders in half

Starting today, Pizza Hut is offering 50 percent off all menu-priced pizza orders placed online through February....

Thanks to Trump, $5 billion industry will take a hit

A poll of Brits by Cheapflights.co.uk shows that almost a third have been put off holiday in the U.S. because of President Trump’s controversial actions since taking office....

Norway pledges $10 million to counter Trump's anti-abortion order

Norway has joined an international initiative to raise millions of dollars to replace shortfalls left by U.S. President Donald Trump's ban on U.S.-funded groups providing information on abortion....

France to cull 600,000 more ducks as fights bird flu virus

France will cull a further 600,000 ducks as part of efforts to prevent a spread of the H5N8 bird flu virus, the country's farming minister Stephane Le Foll said....

Saudi Aramco IPO may be pushed back until 2019

Efforts to float a stake of Saudi Arabian state oil firm Saudi Aramco have been stunted, with the date of potentially world's largest ever IPO being pushed back as far as 2019....

Amazon to create record 5,000 jobs this year across UK

Amazon UK announced plans to create more than 5,000 full-time jobs this year, taking the company’s total UK workforce to over 24,000....

Nordson Corp. acquires Vention Medical's Vention AT for $705m

Nordson Corporation has entered into a definitive agreement to acquire Vention Medical’s Advanced Technologies (Vention AT) business....

Verizon cuts Yahoo takeover price by $350 million

Verizon Communications and Yahoo amended the existing terms of their agreement for the purchase of Yahoo's operating business....

Burer King's parent RBI buys Popeyes for $1.8 billion

Restaurant Brands International /RBI) will acquire Popeyes Louisiana Kitchen for $79.00 per share in cash, or $1.8 billion....

Governor McAuliffe vetoes legislation defunding Planned Parenthood

Governor Terry McAuliffe vetoed House Bill 2264, which would restrict state and federal funding for women’s health providers like Planned Parenthood....

New York solar power increased nearly 800 percent

State-supported solar power in New York increased nearly 800 percent from December 2011 to December 2016, leveraging nearly $1.5 billion in private investment....

Alstom to supply €100 million worth of trainsets to Victoria

Alstom has signed a contract worth around €100 million with Public Transport Victoria (PTV), the State’s public transport authority....

Thyssenkrupp sells CSA steel plant in Brazil for €1.5 billion

The industrial and technology group thyssenkrupp has taken another big step on its Strategic Way Forward....

Maple Leaf Foods buying Lightlife Foods for $140 million

Brynwood Partners VI announced that it has signed a definitive agreement to sell Lightlife Foods to Maple Leaf Foods for $140 million....

Tronox to acquire Cristal TiO2 Business for $1.673bn

Tronox Limited announced a definitive agreement to acquire the TiO2 business of Cristal, a privately held global chemical and mining company....

Barclays Q4 adjusted pre-tax profit jumped fourfold

Barclays posted fourth-quarter results and cut its dividend, as expected, but said it would complete its restructuring six months earlier than previously planned....

Germany saw record $32 billion surplus, highest since reunification

Net lending of general government amounted to 23.7 billion euros in 2016 according to updated results of the Federal Statistical Office (Destatis)....

Panasonic urges its 100,000 staff to leave work by 8pm

To reduce the incidence of overworking, Panasonic Corp. has instructed all 100,000 or so employees of its group companies in Japan to finish and leave work by 8pm each day....

Chesapeake Energy revenues declined by 38%

Chesapeake Energy Corporation reported financial and operational results for the 2016 full year and fourth quarter....

Norwegian Air to offer U.S. trans-Atlantic flights for $65

European carrier Norwegian Air Shuttle said it would begin flying single-aisle planes nonstop from the U.S. to Europe starting in June....

Germany overtakes UK as fastest-growing G7 economy

Germany overtook the UK as the fastest growing among the G7 states during 2016....

Spain reports outbreak of H5N8 bird flu virus in ducks

Spain reported a case of the highly contagious H5N8 bird flu virus in a northeastern farm in Catalonia and said it will cull 17,000 ducks, the regional government confirmed....

China overtakes U.S., France as Germany’s biggest trade partner

China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France....

MDA to acquire DigitalGlobe in $3.6 billion deal

MacDonald, Dettwiler and Associates (MDA) will acquire DigitalGlobe for $35.00 per share in a combination of cash and stock....


What to read next

Billions of benefits, thousands of jobs from new hub airport
Highlights: August 29 - September 2, 2016
Highlights: October 30 - October 1, 2017