Highlights: July 29 - August 4, 2019
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Top Queensland Rail train driver earned $225,000
Brisbane Times revealed the best-paid train driver for Queensland Railmade $225,894 in 2018-19 after racking up 836 hours of overtime, worth $69,005....Slovakia highway funding secured from EU's Cohesion Fund
Funding is now secured for the Budimir-Bidovce stretch of Slovakia's D1 highway project....Ryanair Q1 profits fall 21% to 243m euros
Ryanair Holdings today reported a 21% fall in Q1 profits to 243m euros....Mylan slips to loss, will combine with Upjohn
Mylan today announced its financial results for the second quarter ended June 30, 2019....Net mortgage borrowing jumps in June in UK
New figures from the Bank of England show that net mortgage borrowing hit 3.7bn pounds in June, up from £2.9bn in May....Bangladesh bridge contract proposal worth $3 billion
A Chinese contractor is expressing interest in building a major bridge connection in Bangladesh....Huawei H1 revenue increased 23.2%
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McDermott International Q2 net loss $146 million
McDermott International, Inc. reported revenues of $2.1 billion, a net loss of $146 million, or $0.80 per diluted share, and an operating loss of $61 million for the second quarter of 2019....Italy consumer confidence jumps to six-month high
The consumer confidence index released by the National Institute of Statistics (ISTAT) rose to 113.4 points in July from June's revised 109.8 points (previously reported: 109.6 points), marking the best reading since the beginning of the year....German consumer morale drops to lowest since April 2017
German consumer morale worsened for the third month in a row as a global economic downturn, trade disputes and Brexit uncertainty fuel worker fears of losing their jobs and their income, a survey showed on Tuesday....Apple saw biggest June quarter ever with revenue of $53.8 billion
Apple announced financial results for its fiscal 2019 third quarter ended June 29, 2019....India road financing package secured, $3.4 billion in long term financing
A major long term financing package has been secured for highway projects in India....UK car manufacturing drops 20% in first six months
British car-manufacturing plunged 20% to 666,521 vehicles in the first six months of the year compared to the same period last year, the industry's trade association said Wednesday....Panasonic posts bigger than expected 44% drop in Q1 profit
Panasonic Corp reported on Wednesday a sharper than expected 44% plunge in first-quarter operating profit, as Sino-U.S. trade tensions dampened demand for its auto components and factory equipment in China....EssilorLuxottica to buy Dutch retailer GrandVision for $8 billion
EssilorLuxottica said it would buy Dutch optical retailer GrandVision in a cash transaction that could amount to a total of 7.2 billion euros ($8 billion), that it hopes to complete by mid 2021....3D printing, food, space could be future of Australian manufacturing
Australia's Minister for Industry has said 3D printing, food processing and nanosatellites could be the future focus of Australian manufacturing....Air France-KLM signs huge deal with Airbus for 60 planes
Air France-KLM Group has signed a memorandum of understanding for 60 Airbus A220-300 aircraft to modernise its fleet....Vietnam's auto import jumps 69 percent in 7 months
Vietnam poured nearly 4.3 billion U.S. dollars into importing completely-built automobiles and components for assembly in the first seven months of this year, witnessing a year-on-year surge of 69 percent....London Stock Exchange to acquire Refinitiv for $27 billion
London Stock Exchange Group plc (LSEG) announces that it has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately $27 billion....Mazda quarterly operating profit down 79%
Mazda Motor Corp reported a 79% drop in quarterly operating profit, falling significantly short of estimates, as it continues to struggle with declining U.S. and Chinese sales, while a strengthening yen also cut into its bottom line....Rio Tinto reports biggest H1 profit since 2014
Rio Tinto on Thursday reported its biggest first-half profit since 2014 and declared a bumper dividend, as red-hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March....RWE to close 1,560MW coal power station in Aberthaw, UK
RWE has taken the decision to close the 1,560MW Aberthaw B coal fired power station....China Southern Airlines cancels remaining order for 64 Boeing 737 planes
China Southern Airlines has said it has cancelled its order for as many as 64 of the company's grounded 737 Max 8 aircraft....SNC-Lavalin Group Q2 IFRS net loss $2,118.3 million
SNC-Lavalin Group announced its results for the second quarter ended June 30, 2019....Naples, Fl. victim of targeted cyber attack resulting in $700,000 theft
City Manager Charles Chapman reported Thursday the City of Naples was victim to a criminal cyber attack resulting in the theft of $700,000....Indonesia planning new $9.97 billion tolled routes
Indonesia is planning to construct more tolled highways as well as bridges....Quota-free exports of Serbian pork to China to begin in November
Quota-free exports of Serbian pork, dairy products, apples and maize to China will begin in November....UK plans to establish freeports to boost post-Brexit trade
Britain has planned to create up to 10 Freeports after Brexit, and a new Freeports Advisory Panel to advise the government on their establishment was announced Friday....U.S. signs deal with EU to increase beef exports
The United States and the European Union (EU) on Friday signed a new agreement that will increase U.S. beef exports to Europe over the next seven years....German railway to get 85 billion euros upgrade
The German government has approved a plan to spend 86 billion euros to upgrade the Deutsche Bahn rail network....US wheat net export sales down 42% on week
US net export sales of wheat fell 42% on the week to 383,066 mt for the week ended July 25, US Department of Agriculture data showed....60,000 farmers to benefit from $200m in Nigeria
Sixty thousand farmers, drawn from six states will benefit from the $200m World Bank assisted project, under the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS).... ■