POST Online Media Lite Edition



 

Highlights: January 14 - January 19, 2019

Staff Writer |
The most interesting business stories that marked the last week.

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Namibia, Zimbabwe, Mozambique ban South African meat imports

South Africa cowThe ministry of agriculture of Namibia announced that all imports and movement of cloven hoofed animals have been suspended with immediate effect following a foot and mouth disease outbreak in South Africa....

PG&E initiates voluntary reorganization cases under Chapter 11

PG&EPG&E Corporation said it remains committed to providing safe natural gas and electric service to customers as it prepares to initiate voluntary reorganization proceedings under Chapter 11....

CapitaLand buying logistics and industrial assets from Temasek for $4.4 billion

CapitaLandSingapore's CapitaLand is giving ($4.4 billion) to buy logistics and industrial assets from Temasek....

Newmont Mining Corporation to buy Goldcorp in $10 billion deal

Newmont MiningNewmont Mining Corporation and Goldcorp announced they have entered into a definitive agreement in which Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 billion....

SSE completes Ł970m Caithness-Moray subsea transmission project in Scotland

Caithness-MorayScottish and Southern Electricity Networks Transmission (SSEN Transmission), the wholly-owned subsidiary of SSE plc, has completed the construction, commissioning and energisation of the new Caithness-Moray electricity transmission link....

German 2018 growth weakest in 5 years

Germany factoryGermany's economy grew for a ninth year in 2018, but at the slowest pace in five years, largely driven by domestic demand, preliminary data from the Federal Statistical Office showed on Tuesday....

Empire State manufacturing index worst in more than year

Empire State manufacturingBusiness conditions in the New York region deteriorated much more than expected in January, according to a survey from the New York Fed....

Fiserv to buy First Data Corporation in $22 billion stock deal

First Data CorporationFiserv and First Data Corporation announced that their boards of directors have unanimously approved a definitive merger agreement under which Fiserv will acquire First Data in an all-stock transaction....

Bank Of America Q4 profit surges

Bank Of AmericaBank of America reported fourth-quarter net income of $7.3 billion, up 208% from prior year, driven by continued strong operating leverage and asset quality, as well as the benefit of tax reform impacting 2018....

First Community Corporation posts record earnings, up 93.1%

First Community BankFirst Community Corporation, the holding company for First Community Bank, reported net income for the fourth quarter and year end of 2018....

McDonald’s not allowed to sell Big Mac in EU, big day for Supermac

Big MacMcDonald’s has had its famous “Big Mac” trademark cancelled across the European Union, after a successful challenge from small Irish burger chain, Supermac....

UK housing market outlook worst on record

UK homeThe outlook for the UK housing market over the next three months was the worst on record in December as uncertainty over Brexit took its toll, according to the latest survey from the Royal Institution of Chartered Surveyors....

Salesforce announces Tower Dublin, to employ 1,500

SalesforceSalesforce announced Salesforce Tower Dublin, significantly expanding the company's regional headquarters in Ireland....

Kansas City Southern earnings down to $161.1 million from $551.7 million

Kansas City SouthernKansas City Southern (KSU) revealed a profit for fourth quarter that declined from last year....

U.S. consumer morale lowest in two years

consumer moraleU.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected....

Philippine financial service firm data breach hit 900,000 clients

Cebuana LhuillierPawnshop chain Cebuana Lhuillier on Saturday said it discovered a data breach that affected personal information of around 900,000 clients....

Ukraine says it lost $32 billion from gas contracts with Russia

Andriy KobolevUkraine's state-run energy company Naftogaz estimates its economic damage from the 2009 gas contracts with Russia at 32 billion U.S. dollars, the company's chairman Andriy Kobolev said.... â– 


What to read next

Highlights: October 25 - October 28, 2018
Highlights: September 17 - September 23, 2018
Highlights: September 10 - September 14, 2018

Out of ten sectors of Slovak economy, eight rose

 
Economic performance in the 3rd quarter was driven by the growing industry, developments in real estate market and transportation, including storage.
 
 

Latest

Don't know where to go in Paris? To see Moulin Rouge VIP show evening, of course
ADF mobilized $8.9 billion for Africa’s low-income countries, highest in its 50-year history
Three ships to bring Ukrainian foods to India, Turkey, Spain
Depot of the future delivers Australia’s largest electric vehicle logistics fleet

NEWS

3,000 security officers searched in 11 German states, far-right figures arrested for planning attacks

Argentine VP Cristina Fernandez de Kirchner sentenced to 6 years in jail for corruption
New Zealand: TAIC issues report on fire on board cargo ship Kota Bahagia
NTSB urges immediate inspections of Bell 407 helicopters
U.S.: Locally heavy rain and snow
Croatian MiG-21 crashed, both pilots survived
 

BUSINESS

Luxury travel market to grow by $703.14 billion

IATA: Airlines to return to profit next year but cargo under pressure
UAW urgently calls on automakers to move supply chain out of China's Uyghur Region
UK's fifth biggest trade union calls for an end to rip-off youth rates
Deal on new law to ensure products causing deforestation are not sold in EU
NHS plans to return retired and partially retired staff to work
 

Trending Now

EU antitrust watchdog slaps Deutsche Bank, Rabobank with bond cartel probe

Depot of the future delivers Australia’s largest electric vehicle logistics fleet

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona


POLITICS

Tajikistan plans to develop green economy in 4 years for $2 billion

European Union committed to mobilize 2.6 billion euros for Armenia
Thousand of Moldova's households to get higher compensations when paying bills
FM: Hungary received exemption from using oil price cap
Commission approves €26.3 million Finnish measure to support SEVO in construction of hydroelectric pump storage
Five Polish regions to get €3.85 billion for just transition toward climate neutral economy
 

Today We Recommend

UAW urgently calls on automakers to move supply chain out of China's Uyghur Region


Highlights 

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona

AbbVie signs $40 million collaboration deal with HotSpot Therapeutics


COMPANIES

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona
DAMAC Group signs contract with Mandarin Oriental to manage luxurious resort in Maldives
Kostal to build its new plant in Mexico
Rosatom to supply uranium products to Brazil
Etihad Cargo restarts China-India freighter flights to meet industrial demand
 

CAREERS

Invivyd appoints two executives

Martinrea International appoints Maureen Midgley to board
SouthGobi Resources appoints three directors
Canon Europe promotes Hiro Imamura to EVP, digital printing & solutions
BioMar appoints Andrew Campbell as CEO for AQ1
Roche appoints Brad Moore as CEO of Roche Diagnostics North America
 

ECONOMY

Canada trade surplus widens to $1.9 billion in October

Canada's international merchandise exports rose 1.5% in October
Brazil's Central Bank adjusts 2022 inflation projections by 0.01%
Australian GDP up 0.6 pct in Q3
Egypt’s net foreign reserves rise to $33.532 billion
Italy: Harmonized inflation inches down in November
 

EARNINGS

Barnes & Noble Education Q2 2023 GAAP sales decreased 1.6%

AutoZone Q1 net income decreased to $539.32 million
Genesco Q3 2023 GAAP earnings $1.66
Kirkland's Q3 sales $131.0 million
Cracker Barrel Old Country Store Q1 2023 revenue $839.5 million
Malvern Bancorp Q4 net income $2.6 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

Russia receives right to export animal feed to Myanmar

Rospotrebnadzor: Swine flu reported in 74 Russian regions
Hong Kong Customs detects suspected frozen meat smuggling case involving cargo vessel
First direct train from Laos to China arrives with 543 tons of fruit
Vets cull 15,000 ducks in Czech Republic over bird flu outbreak
Hong Kong suspends poultry meat and products import from areas in Canada
 

LEADERSHIP

Only 32% of employees believe their pay is fair

Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
 

CRIME

Walmart to pay Massachusetts $500,000 as part of alleged drug pricing violations

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts
Hertz to pay $168 mln to settle over 95% of wrongful theft report claims
Glencore to pay Republic of Congo $180 mln over alleged corruption claims
Fraudsters target water infrastructure projects, OLAF closes several cases
Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud
 

Magazine

TRAVEL

Cambria Hotels opens in Minneapolis

All aboard the Heathrow Festive Express
Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping
"Pets with Love" Dog Adoption Carnival 2022 to be held in Hong Kong
Weather-resistant ArtWalk Downtown Billings, Montana
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal
 

SEA, LAND, AIR

Lamborghini Huracán Sterrato, first super sports car for any terrain

New colorful Porsche 718 Style Edition models
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
 

DESIGN

Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
 

GADGETS

ASUS launches ExpertBook B9 for executives

Take Elektor Fortissimo and make your own high-end amplifier
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
 

HEALTH

EU regulator backs bivalent COVID shots for primary vaccination

Strep A killed at least nine children in UK
Justice Department secures agreement with Alabama Medicaid to remove unlawful sobriety mandate for health care access
Pfizer and BioNTech apply for FDA authorization for Omicron-retooled vaccine booster in kids under 5
Cornwall first area in England to trial NHS Digital Health Check
Huge rise of scarlet fever cases in UK, 6 kids dead of Strep A
 

MEANTIME

Maybe aliens are waiting to hear a signal from us first

NASA testing new robotic arm that really knows how to chill out
Mars is more active than previously thought
James Webb telescope produces an unparalleled view of the ghostly light in galaxy clusters
China's two meteorological satellites put into operation
Lagoon dries up as drought grips Peru