POST Online Media Lite Edition



 

Highlights: July 27, 2020 - August 1, 2020

Christian Fernsby |
Stories that marked last week.

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AstraZeneca, Daiichi Sankyo in $1b oncology deal plus billions more

AstraZenecaAstraZeneca has entered into a new global development and commercialisation agreement with Daiichi Sankyo for DS 1062, Daiichi Sankyo's proprietary trophoblast cell surface antigen 2 (TROP2) directed antibody drug conjugate (ADC) and potential new medicine for the treatment of multiple tumour types....

Ryanair revenue fell 95%

RyanairRyanair revenue fell by 95% (almost 2.2bn euros) to just 125m euros as traffic dropped 99% at just 0.5m....

Steinhoff proposes $1 billion settlement to end legal claims

Steinhoff International HoldingsSteinhoff International Holdings proposed a $1 billion settlement to resolve more than $8 billion of legal claims lodged against the retailer following the accounting scandal that almost wiped out the company....

Ontario: Historic agreement delivers up to $4 billion to support municipalities and transit

Doug FordThe Ontario government, in partnership with the federal government, is providing up to $4 billion in urgently needed one time assistance to Ontario's 444 municipalities....

Greggs sales 300.6 million pounds

GreggsGreggs total sales for H1 to 27 June 2020 were 300.6 million pounds, 44.9 percent down on the same period of 2019....

Groupe PSA revenue 25,120 million pounds

PeugeotGroupe PSA revenue amounted to 25,120 million pounds in H1 2020, down by 34.5% compared to H1 2019....

Malaysia reports largest trade surplus

Malaysia peopleMalaysia recorded its largest monthly trade surplus in June, as exports to China and the U.S. rebounded....

IMF approves $4.3 bln loan to help South Africa to fight pandemic

International Monetary FundThe Executive Board of the International Monetary Fund (IMF) approved South Africa's request for emergency financial assistance of SDR 3,051.2 million (US$ 4,286.5 million or 100 percent of quota) under the Rapid Financing Instrument (RFI) to meet the urgent balance of payment (BOP) needs stemming from the outbreak of the coronavirus pandemic....

Nomura Holdings Q1 net income 155.3 percent higher

Nomura HoldingsNomura Holdings reported that its first quarter net income attributable to shareholders was 142.5 billion yen or $1.3 billion, 155.3 percent higher than last year's 55.8 billion yen....

GlaxoSmithKline Q2 profit more than doubles

GSKGlaxoSmithKline reported a second quarter profit that more than doubled, reflecting net profit on disposal of Horlicks and other Consumer Healthcare brands as well as increased income from asset disposals....

Total takes $8.1b impairment

TotalTotal announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long term viability of some oil and gas assets....

Santander records biggest loss in its 163 year history

Santander consumer USABanco Santander achieved an underlying profit of 1,908 million euros in the first half of 2020, down 48%....

Shell swings to loss on $16.8 billion impairment

Shell gasRoyal Dutch Shell PLC on Thursday posted a swing to a significant loss on a current cost of supply basis for the second quarter on the back of impairments and lower prices, volumes and margins....

Liberty Latin America to acquire Telefonica Costa Rica for $500m

TelefonicaLiberty Latin America (LLA) has entered into a definitive agreement to acquire Telefonica Costa Rica for approximately $500 million....

OMV operating result decreased 86%

OMVOMV clean CCS operating result decreased 86% to EUR 145 mn....

Amazon posts its biggest profit

Amazon shopping cartAmazon Inc on Thursday posted the biggest profit in its history....

Air France Q2 loss 2.61 billion euros

Air FranceAir France reported Friday that its second quarter net loss group part was 2.61 billion euros, compared to last year's profit of 97 million euros....

Facebook nearly doubles net income in Q2

FacebookFacebook Inc. reported its financial results for the second quarter of 2020, with net income growing 98 percent to 5.178 U.S. billion dollars for the quarter ending on June 30, compared with 2.616 billion dollars in the corresponding period last year....

Exxon Q2 loss $1.1 billion

ExxonMobilExxon Mobil on Friday reported a $1.1 billion second quarter loss....

Noble Corporation plc files voluntary Chapter 11

Noble Corporation plcNoble Corporation plc announced that it has entered into a restructuring support agreement with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for long term growth....


What to read next

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

U.S.: Areas of severe thunderstorms and heavy rain through the weekend

 
Upper-level ridging weakens from the Ohio Valley to the Southeast on Friday, resulting in a reduced area of Heat Advisories over the east.
 
 

Latest

Baker Hughes: U.S. oil rig count down by 6 to 432
Malaysia introduces new rules prohibiting all plastic waste imports from U.S.
Kazakh-German JV Skyhansa to build $500 mln airport near Chinese border
Ukrainian poultry products gained access to Oman market

NEWS

EPPO targets criminal organisation suspected of VAT fraud involving sales of diesel

U.S.: Severe thunderstorms in the Northern Plains and Upper Midwest
Former U.S. senator Bob Menendez begins serving 11-year bribery sentence
Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe
Croatia: Former minister sentenced to two years of imprisonment for abuse of office and authority
U.S.: Widespread showers across the eastern half, severe thunderstorms in Montana into the Plains
 

BUSINESS

Peru's mining exports jump 23 pct

Vietnam encourages private businesses to invest in railway sector
Baker Hughes: U.S. oil rig count down by 1 to 438
AfDB to provide $184.1 million for Africa’s largest solar energy and battery storage project
EIB supports Bay of Biscay electricity interconnection between Spain and France
U.S., UK, and Congolese officials inaugurate Kiswishi City Special Economic Zone
 

Trending Now

Peru's mining exports jump 23 pct

Fire in Egyptian hospital kills at least seven coronavirus patients

Egyptians start paying taxes on imported mobiles

Micron plans to invest $200 billion in semiconductor manufacturing and R&D


POLITICS

New York Power Authority directed to develop nuclear power plant

Cuban President begins official visit to Belarus
EU adopts new tariffs on Russian and Belarusian agricultural goods and fertilisers
EU proposes banning LNG gas imports from Russia by end of 2027
New York Governor announces Sullivan County broadband project
Zimbabwe to ban lithium concentrate exports
 

Today We Recommend

New York Power Authority directed to develop nuclear power plant


Highlights 

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan

WFS to open new multi-purpose terminal at Lyon Airport


COMPANIES

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan
LS Cable and unit join Korea-Japan submarine cable project
WFS to open new multi-purpose terminal at Lyon Airport
CEVA Logistics renews contract to transport aeronautics parts between France, Morocco, Tunisia
Malian government takes over Canadian-owned Barrick Gold mine
 

CAREERS

Bluecrux appoints four new partners

Isomorphic Labs appoints Ben Wolf as chief medical officer
Vodacom names new international markets CEO
David Andreadakis joins Loyalty Juggernaut as chief commercial officer
Tom Montali joins CSL as business development director
Concirrus appoints Steve O'Reilly as product manager
 

ECONOMY

EU-Mercosur trade up substantially in last decade

Russia's trade surplus falls 18.3% to $42.4 bln in January-April
U.S. economy in Q1 revised up to 0.2-pct contraction
Japan loses top creditor position for first time in 34 years
NZ exports to EU jump 28% in first year of trade deal
EU generated €39.2 billion surplus in trade in agricultural products
 

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

Ireland: Minister Donohoe removes broiler poultry farmers from VAT Flat Rate Addition scheme

FLI tests mobile One Health laboratory for diagnosing highly pathogenic pathogens
First vaccine against swine dysentery disease recommended for approval
USDA expands fruit pest quarantines in New York and California
Peru records 23.6% growth in agricultural export sales compared to 2024
China allows imports of rapeseed meal, soybean meal from Uruguay
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
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
 

CRIME

German court convicts four ex-Volkswagen managers of fraud in emissions scandal

EU fines carmakers €458 million for anti-recycling cartel
Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing
BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
 

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
Schüller 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

Bolivia declares national health emergency due to measles outbreak

Hong Kong researchers develop needle-free flu vaccine with broad protection
World's first vaccines that don't need refrigeration entered trials
First patient enrolled in Phase 1 clinical trial of Akiram’s cancer drug candidate
FDA grants marketing authorization of first home test for chlamydia, gonorrhea and trichomoniasis
Human cases of anthrax reported in western Mongolia
 

MEANTIME

Cost of keeping wind turbines out of sight

Mission to "weigh" all of Earth's forests from space launched
NASA's SPHEREx space telescope begins mapping entire sky
Russian academics, gas industry experts see undersea LNG transportation as feasible
India launches space docking experiment mission
World-first carbon-14 diamond battery made