POST Online Media Lite Edition



 

Highlights: July 13, 2020 - July 18, 2020

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

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Akzo Nobel Q2 adjusted operating income 238 million

Akzo Nobel reported second quarter adjusted operating income of 238 million euros compared to 305 million euros, previous year....

Qatar National Bank's Q2 profit falls sharply

Qatar National Bank's second quarter profit fell after it booked sharply higher loan loss provisions due to the global economic conditions, the Gulf's biggest lender said on Sunday....

Analog Devices to buy Maxim Integrated for $68 billion

Analog Devices and Maxim Integrated Products announced that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion....

50 million jobs lost in Arab countries due to pandemic

The coronavirus pandemic has led to serious losses in the tourism industry in the Arab world, with more than 50 million jobs lost, Anadolu reported on Sunday....

South Korea to pour $130 billion to create 1.9m jobs by 2025

President Moon Jae-in announced Tuesday the government will spend 160 trillion won ($130 billion) to create 1.9 million jobs by 2025 as part of its New Deal project aimed at transforming South Korea into a pacesetting country....

Virgin Atlantic lands 1.2bn pounds rescue deal

Sir Richard Branson's Virgin Atlantic Airways is close to unveiling a 1.2bn pound rescue package that will salvage thousands of British aviation jobs....

Swiss watch sales volumens fall back to 1940s level

Switzerland produces just over 20 million watches per year, or just over 2% of global timepiece manufacturing....

J.C. Penney to cut 1,000 jobs, close 152 stores

J.C. Penney said it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to emerge from Chapter 11 protection and the coronavirus crisis....

UnitedHealth Group Q2 net earnings substantially higher

UnitedHealth Group Q2 2020 net earnings and adjusted net earnings per share of $6.91 and $7.12 were substantially higher than anticipated due primarily to the unprecedented, temporary deferral of care in the Company's risk-based businesses....

Ericsson Q2 net income rose 40 percent

For the second quarter, Ericsson's net income rose 40 percent to 2.6 billion Swedish kronor from 1.8 billion kronor last year....

Medvedev: Nord Stream 2 to be completed despite U.S.

Russia's Security Council Deputy Chairman Dmitry Medvedev said that the Nord Stream 2 gas pipeline project would be completed, despite wailing of the U.S....

If there are no U.S. missiles in Europe, there will be no Russian missiles, says Grushko

Russia will deploy medium and shorter range missiles near EU borders if U.S. missiles are deployed in Europe, Russian Deputy Foreign Minister Alexander Grushko told Interfax....

Volvo Q2 net sales decreased 39%

Volvo Q2 net sales decreased by 39% to SEK 73.2 billion....


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