POST Online Media Lite Edition



 

Highlights: January 27, 2020 - February 2, 2020

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

Article continues below



Topics: HIGHLIGHTS   

UK banks approve most mortgages since 2015

UK houseBritish banks approved the highest number of mortgages in more than four years in December, industry group UK Finance said on Monday, adding to signs of a turnaround in the country's housing market since last month's election....

More effective vaccine for African swine fever developed

Happy pigA vaccine against African swine fever, that appears to be far more effective than previously developed vaccines, has been developed by US Government and academic investigators....

General Motors to invest $2.2 billion, create 2,200 jobs in Detroit

Detroit HamtramckGeneral Motors' vision of an all-electric future is coming into clearer focus and gaining momentum with a $2.2 billion investment at its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs....

Gazprom's TurkStream pipeline hits 1 billion cubic meters milestone

TurkStreamRussian gas giant Gazprom has supplied its first billion cubic meters of gas via the TurkStream gas pipeline in the Black Sea, just weeks after the official opening....

Netanyahu formally indicted on corruption charges

Benjamin NetanyahuIsraeli Prime Minister Benjamin Netanyahu was formally indicted in court today on corruption charges....

Wuhan Coronavirus: Russia closed border with China, Moscow ready to act

Sergei SobyaninThree Russian regions in the Far East have closed their borders with China until February 7 amid fears over the outbreak of coronavirus there, the TASS news agency cited the governor of Khabarovsk region as saying on Tuesday, Reuters reported....

BorgWarner to buy Delphi Technologies in $2.97 billion deal

BorgWarnerBorgWarner today agreed to buy Delphi Technologies in a $3.3 billion deal....

Apple reports highest quarterly revenue ever in Q1

AppleApple reported a first quarter profit that trumped Wall Street estimates, as the iPhone maker reported its highest quarterly revenue ever driven by strong demand for its iPhone 11 and 11 Pro models during the holiday season....

Santander Q4 profit highest ever

SantanderBanco Santander achieved an attributable profit of €6,515 million in 2019, 17% less than in 2018, after recording net charges amounting to -€1,737 million....

Vodafone to sell stake in Egyptian unit to Saudi Telecom for $2.39 billion

VodafoneVodafone Group has struck a preliminary deal to sell its 55% stake in its Egyptian unit to Saudi Arabia's largest telecoms operator STC for $2.39 billion, the companies said today....

Boeing Q4 revenues declined 36.8 percent

Boeing factoryBoeing today reported a loss for the fourth quarter, reflecting impacts of the 737 MAX grounding....

Electrolux Q4 profit declines 43%

ElectroluxElectrolux reported that its fourth quarter income for continuing operations amounted to 366 million Swedish kronor compared to 1.24 billion kronor, prior year....

Brexit: Union jack flies alone, EU flag withdrawn, UK is out

BrexitThe EU flag was taken down from the UK's permanent representation to the EU in Brussels....

Pompeo: Just call us and U.S. will give Belarus all oil and gas you need

Mike PompeoThe U.S. Secretary of State Mike Pompeo said yesterday that the United States is willing and able to provide Belarus with 100% of its oil and gas.... â– 


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 ÄŚEZ 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
SchĂĽller 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