POST Online Media Lite Edition



 

Highlights: July 8 - July 14, 2019

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

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€800 million for Linz bypass transportation in Austria

Linz bypassThe government of the Austria’s federal Upper Austria state has included an €800 million Linz bypass in its infrastructure programme up to 2030....

Contracts awarded for $946 million India’s sea crossing

India roadFurther progress is being made with the project to build the 17.2km sea crossing in Mumbai....

Colombia sets aside $1.2 billion for road developments

Colombia highwayA new budget for road development works has been set for Colombia’s Arauca, Boyaca, Casanare, Cundinamarca, and Santander departments....

Tunisia tourism revenues up 42.5 percent in H1

Tunisia tourismTourism revenues in Tunisia rose by 42.5 percent in the first half of 2019, making up to 684.6 million dollars against 480.5 million dollars in 2018, the Tunisian government announced....

Fried chicken chain named after daughter of Colonel Sanders sold after 50 years

Miss MillieBristol’s popular fried chicken chain Miss Millie’s has been sold off after 50 years....

Piper Jaffray and Sandler O'Neill to merge in $485 million deal

Piper Jaffray CompaniesPiper Jaffray Companies and Sandler O’Neill + Partners announced they have entered into a definitive merger agreement....

IBM closes $34 billion deal to buy Red Hat

Red HatIBM said it has closed its $34 billion acquisition of software company Red Hat....

Cisco to buy optical gear maker Acacia for $2.8 billion

CiscoNetwork gear maker Cisco Systems said it would buy optical component maker Acacia Communications for $2.84 billion in cash....

Lidl to invest €1m in solar panels in Ireland

LidlLidl is to invest €1 million to install 4364 solar panels on the roof of its distribution facility currently under construction in Newbridge, Co. Kildare in Ireland....

Malaysia can be high-income economy in two years, says Mahathir Mohamad

Mahathir MohamadAn International Monetary Fund (IMF) report states that Malaysia can become a high-income nation within two years, says Prime Minister Tun Dr Mahathir Mohamad....

Analyst predicts massive investments for UK renewables sector and retirement of coal

UK renewable energyGlobalData said the industry is expected to nearly double its capacity over that period, filling a gap left by the retirement of coal power plants by 2025 and closure of all but one nuclear plant in the next decade....

Avocados, coffee and citrus threatening global food security

AvocadosWestern appetites for foods like avocados, coffee and citrus fruit are threatening global food security, according to a study that looked at 40 years of data. ...

Aussie farmers demand plant-based alternatives drop 'milk' label

Agriculture Minister Bridget McKenzieThe Australian government has come under pressure from dairy farmers to preclude products that do not contain dairy from being labelled as "milk."...

Campbell Soup to sell Kelsen Group for $300 million

Campbell Soup CompanyCampbell Soup Company announced that it has signed a definitive agreement for the sale of Kelsen Group to a Ferrero affiliated company for $300 million, subject to customary purchase price adjustments....

Facebook to pay 5 billion dollars fine for privacy violations, says source

FacebookThe U.S. Federal Trade Commission (FTC) approved a settlement involving about 5 billion U.S. dollars with Facebook over its probe into the tech giant's privacy violations....

The Netherlands: More bankruptcies in June

Netherlands bankruptciesThe number of corporate bankruptcies has increased, according to Statistics Netherlands (CBS)....

Big increase in tariff coming to Russian oil transit through Belarus

DruzhbaEffective 1 August, Belarus will sharply increase the tariff on the transit of Russian oil to Europe....

EPA to allow use of pesticide very highly toxic to bees, says it's OK

beeThe EPA announced it is again allowing the widespread use of sulfoxaflor insecticide....

Gilead Sciences and Galapagos enter $5.05 billion, 10-year collaboration

Gilead SciencesGilead Sciences and Galapagos announced that they have entered into a 10-year global research and development collaboration.... 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.: Widespread showers across the eastern half, severe thunderstorms in Montana into the Plains

 
The main thing making weather headlines Friday and into the weekend will be the widespread coverage of showers and thunderstorms across much of the central and eastern U.S., with a particular focus across southeast Texas, the Mid-South, and portions of Virginia.
 
 

Latest

Active drilling rigs fell yet again this week
New York Governor announces Sullivan County broadband project
Amazon to invest $20B in Pennsylvania for AI Infrastructure
China allows imports of rapeseed meal, soybean meal from Uruguay

NEWS

Scotland to host UK’s national supercomputer

Indian premier inaugurates world's tallest railroad in Kashmir
Air India plane with 242 people onboard crashes near airport in India's Gujarat
U.S.: Severe thunderstorms and heavy rain in the Central U.S.
U.S.: Severe thunderstorms and possible flooding in the East; extreme heat in the West
EPPO investigates major agricultural subsidy fraud in Greece
 

BUSINESS

Baker Hughes: U.S. oil rig count down by 9 to 442

Indonesia to launch salt farm project to end salt imports
Hyper Transfer project in Veneto, Italy hits new milestone
Indonesia ships 128 tons of L-Tryptophan to China
Green hydrogen from Africa more expensive than expected, study finds
Britain unveils 15.6 billion pounds investment in city transport
 

Trending Now

Global output of key food commodity crops on course for new records

Indian premier inaugurates world's tallest railroad in Kashmir

Air India plane with 242 people onboard crashes near airport in India's Gujarat

Russia's trade surplus falls 18.3% to $42.4 bln in January-April


POLITICS

Zimbabwe to ban lithium concentrate exports

Bulgaria to build 7,000 km fiber optic networks in poorly connected areas
Queensland: Crisafulli government gives green light for Paradise Dam early works
EU Commission selects 13 strategic projects in third countries to secure access to raw materials
Bulgaria meets criteria to join euro area on 1 January 2026
Premier leading Asia trade mission to promote British Columbia investment
 

Today We Recommend

Global output of key food commodity crops on course for new records


Highlights 

Amazon to invest $20B in Pennsylvania for AI Infrastructure

Point Blank Enterprises to create 300 jobs in Wakulla County, Florida

Google partners with Chile to deploy trans-Pacific submarine cable


COMPANIES

Point Blank Enterprises to create 300 jobs in Wakulla County, Florida

Google partners with Chile to deploy trans-Pacific submarine cable
Eurostar to launch direct trains from UK to Germany and Switzerland
Commission approves unconditionally acquisition of Intelsat by SES
Trigo Retail launches computer vision-AI powered loss prevention solution
Global consortium inks deal to build AAE-2 subsea cable line
 

CAREERS

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
Jetcraft appoints Philip Baer as sales director in U.S.
Pere Mañé appointed as new CEO of Suanfarma
 

ECONOMY

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
California is now world’s 4th-largest economy
 

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

Brazil's meat production in Q1 2025 hits record high

Global output of key food commodity crops on course for new records
EU approves 15 million euros to help farmers in Czechia, Slovenia, Germany
Bluetongue virus restricted zone to be extended to all of England
South Africa suspends poultry imports from Brazil due to bird flu outbreak
Egg exports grow in April and Brazil expands its presence in new markets
 

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
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

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
One more barrier to developing vaccine for HIV removed
 

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