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.: Winter storm and heavy rain impact portions of west

A series of atmospheric rivers are forecast to produce heavy rainfall in the Pacific Northwest into the upcoming week while heavy snow continues in the Northern Rockies through Sunday.


Hikers missing after Indonesian volcano erupts
Spain arrests fugitive wanted by U.S. for crime of fraud
50 oil and gas companies pledge to cut emissions, pollution in Dubai as climate talks underway
Tanzania's mega hydropower project gets connected to national grid


Dangerous Italian fugitive arrested with Europol's support

9 dead after armed men raid Peru's Poderosa mine
Small tsunamis reach areas along Japan's Pacific coast
Snow paralyses Europe and U.S. as winter takes first victim in UK
Philippines earthquake leaves 1 dead
U.S.: Winter storm impacting portions of west


China starts building first national offshore wind power research, test base

U.S. oil rig count climbs by 5 to 505
Over 2,300 trucks waiting to cross into EU from Belarus, line keeps growing
New report highlights promise of Lithium Valley in California
Greece’s new FSRU to receive first LNG cargo in January
Cayman Islands to build new submarine cable

Trending Now

50 oil and gas companies pledge to cut emissions, pollution in Dubai as climate talks underway

9 dead after armed men raid Peru's Poderosa mine

U.S.: Winter storm and heavy rain impact portions of west

Dangerous Italian fugitive arrested with Europol's support


President Lula in Berlin for first talks between Brazil and Germany in eight years

Greece cut coal use by over 80%
Sourth Dakota Governor Noem supports Congressman Gallagher's bill protecting U.S. farmland from China
Slovakia to extend grain embargo, expand list of banned agricultural products from Ukraine
Brazil to join OPEC+ in 2024
Zimbabwe mulls wealth tax targeting rich

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Senators urge Biden to ban travelers from China after mystery pneumonia appears in U.S.


ManiKHeir will create 135 jobs in London, Ontario

Emmi opens new cheese conversion facility in U.S.

Dai Nippon Printing will create 352 new jobs in Davidson County, North Carolina


Masdar and RWE in £11 billion investment to develop 3GW offshore wind projects in UK

ManiKHeir will create 135 jobs in London, Ontario
Saudi PIF, Patria seal $1.2bn infrastructure project in Brazil
SEAT expands solar energy capacity
SpaceX launches South Korean spy satellite from California
Emmi opens new cheese conversion facility in U.S.


Pyxis Oncology appoints Ken Kobayashi as chief medical officer

Amylyx Pharmaceuticals appoints Camille L. Bedrosian as chief medical officer
Federal Signal Corporation appoints Katrina L. Helmkamp to board
First Resource Bancorp appoints Kristen Fries as CFO
Network International appoints Mpho Sadiki as group managing director, merchant solutions for Africa
Liquid Intelligent Technologies: Oswald Jumira new CEO of Liquid C2 business unit


Missouri Governor Parson announced state’s Consensus Revenue Estimate

Canadian GDP declines in Q3
Finland's economy contracts in Q3
Italy's annual inflation rate lowest in 32 months
Fitch upgrades Pennsylvania’s credit rating from ‘AA-’ to ‘AA
U.S. weekly jobless claims inch up to 218,000


Dell Technologies revenue $22.3 billion

American Outdoor Brands Q2 sales $57.9 million
Marvell Technology Q3 revenue $1.419 billion
BMO Financial Q4 income $1,617 million
Cracker Barrel Old Country Store profit $5.46 million
Kroger Q3 earnings to $646 million


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?


Minister Ng: Canada disappointed with unfair U.S. duties on softwood lumber products

Commission approves €500 million French State aid scheme to support investments in agriculture
Georgia refused entry to 21.5 tons of Belarusian potatoes
Value of cereal production in EU €64.4 billion, milk value €58.0 billion
Rosselkhoznadzor begins inspections of Brazilian poultry meat producers
Kazakhstan will supply peaches, cherries, and plums to China


LinkedIn can trigger feelings of imposter syndrome

Study suggests corporate culture thwarts efforts to hire innovative candidates
Workplace wellness policies could soften effects of workaholism
Customers willing to wait longer for delivery when they shop in store showroom
Internal crowdfunding fosters innovation and engages employees
Employee owned businesses deliver an 8 to 12% productivity boost


BNP Paribas subsidiary fined maximum amount over Swiss franc loans

Commission fines Rabobank €26.6 million over Euro-denominated bonds trading cartel
Shell Energy fined £1.4m by Ofcom for consumer protection breaches
Italy's antitrust agency fines energy companies for aggressive billing
New Jersey duo defrauded investors and mortgage lenders through $2.5 million investment scam
SEC charges Royal Bank of Canada with internal accounting controls violations



Bora Bora, first born paradise in French Polynesia

Mushrooms of all kinds will be featured at Autumn Bio Festival in Portugal
Festive winter fun in and around Hannover
Premier Australian motoring event returns this weekend
Yummy cake and bake show in London with great prizes
Tuileries Garden Christmas, magic of Christmas in Paris


Chevrolet Tahoe and Suburban come with new look

Chinese HiPhi revealed electric sedan, too bad it can't be trusted
New 2025 Ram 1500, Hurricane 3L and 420 horsepower
Gulfstream G700 business jet to fly 14,353 kilometers
Beneteau First, slender mainsail and generously sized foresails
Porsche launches speedboat with 400 kW


Hollywood Regency, the style that's always in

Filippo Loreti, premium Italian timepieces for adventurous gentlemen
Creative furniture that redefines the meaning of sofa
Perfect ovens for perfect pizza at home
Designer radiators, focal point that heats your room
What to do and what not to do when designing your living room


Rode NT1 5th Generation, the ultimate studio microphone

Motorola g family smartphones bring something for everyone
Focal Shape 65 monitor, loudspeakers for home or professional studio
NAD C 268 stereo power amplifier, multipurpose workhorse
DeVore Fidelity Orangutan O/Reference, €90,000 for ultimate sound
Motorola razr, foldable phone that allows you to live your real life


Pathogens use force to breach immune defenses

Governor Moore announces expanded access to contraceptive care across Maryland
California Governor Newsom announces new legislation to prevent illicit use and trafficking of xylazine
Argentina records hundreds of Trichinella cases
Loss of auditory nerve fibers uncovered in individuals with tinnitus
Netherlands sees alarming surge in pneumonia among children, China disinfecting schools


Russia launches cargo spacecraft to International Space Station with equipment and gifts

Earth experiences second geomagnetic storm in six days
Europe is working on multi purpose habitat for moon
Artificial intelligence used to detect plastic waste at sea
Astronomers spot giant stream of stars between galaxies
Six exoplanets discovered in synchronised dance