POST Online Media Lite Edition



 

Highlights: June 14, 2021 - June 18, 2021

Christian Fernsby |
Events of the last week.

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Vietnam's seafood exports increased by 14% in 5 months

Vietnam seafoodAccording to Vietnam Association of Seafood Exporters and Producers (VASEP), in May 2021, seafood exports continued to recover positively when growing by 24%, with a turnover of nearly 790 million USD....

Cano Health acquires University Health Care for $600 million

Cano HealthCano Health and University Health Care and its affiliates announced Cano Health has acquired University and its affiliates for $600 million....

Cornucopia ready to acquire Magnachip in $1.66 billion deal

MagnachipMagnachip confirmed receipt of an unsolicited proposal....

Alabama: Landing moving headquarters to Birmingham, with plans to create over 800 jobs

AlabamaLanding plans to relocate its headquarters from San Francisco to Birmingham, Alabamawhere it will create 816 new full-time jobs as it accelerates growth plans....

Frankfurt Airport: 356.9 percent year-on-year increase in passengers traffic

Frankfurt AirportDespite the ongoing and widespread impact of the Covid-19 pandemic, aviation traffic is beginning to recover: in May 2021, Frankfurt Airport (FRA) welcomed 1.25 million passengers....

Emirates loss $6.0 billion

EmiratesEmirates Group announced 2020-21 results....

H&M Q2 net sales up 75 percent in local currencies

H&MH&M reported Tuesday that its second quarter net sales increased 62 percent to 46.51 billion Swedish kronor from last year's 28.66 billion kronor....

Georgia May net tax revenues up 68.1 percent

GeorgiaThe State of Georgia's May net tax collections approached $2.66 billion for an increase of roughly $1.08 billion, or 68.1 percent, compared to May 2020 when net tax collections totaled $1.58 billion....

Bahrain unveils $1.2bn stimulus package for COVID-hit sectors

Isa Al KhalifaBahrain's His Majesty King Hamad bin Isa Al Khalifa issued a royal decree extending a number of initiatives launched within the economic stimulus package worth BD485 million ($1.2 billion) designed to protect livelihoods and mitigate the impact of Covid-19 on the economy. ...

Texas Central and Webuild to work on Texas train project that will create tens of thousands of jobs

Texas CentralTexas Central, developers of the high-speed train between Dallas and Houston, has signed a $16 billion contract with Webuild, operating in the U.S. market with The Lane Construction Corporation to lead the civil construction team that will build the Texas passenger line....

Iran's steel export hits 146% growth in current year

Steel pipesA statistical study of performance of major steelmaking units in country showed that export of steel products in the first two months of current Iranian calendar year (from March 21 to May 21) registered a 146 percent growth....

Oracle Q4 profit $4.03 billion

OracleOracle reported fourth quarter profit of $4.03 billion or $1.37 per share, compared to $3.12 billion or $0.99 per share last year....

La-Z-Boy Q4 profit up greatly

La-Z-BoyLa-Z-Boy Tuesday reported fourth quarter profit of $37.5 million or $0.81 per share, up from $2.30 million or $0.05 per share last year....

Equinor expects gross investments in renewables of around $23 billion, free cash flow of $45 billion

Anders Opedal, President and CEOEquinor presented its strategy to accelerate the company's transition while growing cash flow and returns....

Amazon: $300 million to develop thousands of new affordable housing units

AmazonAmazon announced a commitment of $75 million in below-market capital for developers to create 800 affordable homes in the Nashville, Tennessee area near WeGo high-capacity transit corridors....

Amazon robotics facility, 1,000 new jobs coming to Louisiana

AmazonAmazon announced the company's latest robotics fulfillment center in Louisiana, with over 1,000 jobs and a $200 million capital investment coming to Baton Rouge, Louisiana....

UK reaches deal on U.S. tariff dispute

Liz TrussThe International Trade Secretary Liz Truss has today struck an historic deal with the U.S. on the Airbus-Boeing dispute in a good mobe for industries like Scotch whisky....

Lennar Q2 earnings $831.36 million

LennarLennar announced earnings for its second quarter that advanced from the same period last year....

Danaher to buy Moderna supplier Aldevron for about $9.6 billion

ModernaDanaher Corporation announced that it has entered into a definitive agreement to acquire Aldevron, for a cash purchase price of approximately $9.6 billion....

Kerry sells its consumer foods meats and meals business to Pilgrim's Pride for 819m euros

Kerry GroupKerry Group plc has reached agreement to sell its Consumer Foods' Meats and Meals business in the UK and Ireland to Pilgrim's Pride Corporation for a cash consideration of 819m euros (704m pounds) subject to routine closing adjustments....

EU passenger car market expands 53.4% in May

Electric vehicleIn May 2021, passenger car registrations in the European Union rose by 53.4% compared to last year, totalling 891,665 units, The European Automobile Manufacturers' Association (ACEA) reported....

Losses from magnitude 7.0 earthquake in Japan $1.62 billion

February 13th Japan earthquakeInsured losses from the magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace....


What to read next

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U.S.: Pacific storm will bring strong winds, heavy rain, and mountain snow

 
A strong storm that originated over the Pacific has tracked through the Great Basin and is currently transitioning across the Rockies to redevelop across the central High Plains later today into early Saturday morning.
 
 

Latest

U.S. drillers add oil and gas rigs to 586
Cold-Link Logistics will create 123 new jobs in Robeson County, North Carolina
ArcelorMittal plans Alabama mill to produce electrical steel, will create 1,300+ jobs
Manhattan Tunnel Project estimated to create 15,800 new jobs

NEWS

EPPO probes steel import tax fraud with searches in UK and Germany

Police investigate extensive data breach on Valio’s network
U.S.: Prolonged heavy rain and snowfall
Croatia: Investigation launched against 2 individuals and 1 company suspected of subsidy fraud
Latvia-Sweden subsea cable damaged in Baltic Sea
Storm brings rain and snow to southwest U.S.; snow on higher elevations
 

BUSINESS

U.S. oil rig count rises to 479

New York AG warns businesses against price gouging of eggs and poultry amid bird flu outbreak
Firms admit laundering Russian wood into EU
U.S. oil and gas rig count falls to 576
Kansas Governor announces $25M for Stafford County Transload Facility Project
Ukraine planning to resume port concessions in 2025
 

Trending Now

EU to support Envision AESC France's production of batteries for electric vehicles

Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies

More nuclear power plants will be approved across England and Wales

EU invests over €1.2 billion in cross-border infrastructure


POLITICS

South Africa raises national minimum wage to $1.55 per hour

Moldova announces tender for constructing wind, solar parks worth 200 mln euros
Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies
EU invests over €1.2 billion in cross-border infrastructure
More nuclear power plants will be approved across England and Wales
Colorado and United Kingdom sign agreement to foster trade and investment
 

Today We Recommend

Moldova announces tender for constructing wind, solar parks worth 200 mln euros


Highlights 

Cold-Link Logistics will create 123 new jobs in Robeson County, North Carolina

ArcelorMittal plans Alabama mill to produce electrical steel, will create 1,300+ jobs

Manhattan Tunnel Project estimated to create 15,800 new jobs


COMPANIES

Egypt unveils new Suez Canal navigation charts for expanded route

Maersk and Hapag-Lloyd launch Gemini Cooperation
EU to support Envision AESC France's production of batteries for electric vehicles
Ooredoo and ASN to build subsea cable for GCC countries and Iraq
Pratt & Whitney to expand manufacturing operations in North Carolina, create 325 jobs
GE Vernova to create 75 new jobs in Schenectady County, New York
 

CAREERS

Inizio appoints Colin Stanley as chief commercial officer

Bridgewest Group names operating partner and general manager, Europe
Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)
Solithor appoints new CEO
McWin appoints Guillaume Charlin as managing partner
PrecisionLife: Bill Keating new chief commercial officer, diagnostics and healthcare
 

ECONOMY

U.S. becomes New Zealand's second largest export destination

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus
Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
 

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

U.S. resumes cattle and bison imports from Mexico under new protocol

Canada considers lowering tebuconazole residue limit on grapes, impacting U.S. imports
How expensive was agricultural land in Europe in 2023
Iran to import 50,000 tons of potatoes to stabilize prices amid rising food costs
JBS and partners donate 3 million tags to improve livestock traceability in Pará, Brazil
Hong Kong suspends of poultry meat and products from areas in U.S.
 

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

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
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

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

Human cases of anthrax reported in western Mongolia

One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
 

MEANTIME

India launches space docking experiment mission

World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033