POST Online Media Lite Edition



 

Highlights: June 29, 2020 - July 5, 2020

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

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After 18 coronavirus cases China put 400,000 people under strict lockdown

Anxin countyAbout 400,000 people have been placed under strict lockdown in Anxin county, China in the central province of Hebei, near Beijing, after just 18 fresh cases were detected....

BP agrees to sell its petrochemicals business to INEOS for $5 billion

BP petrochemicalsBP announced that it has agreed to sell its petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments....

China strikes again: New swine virus with huge human pandemic potential found

Chinese pigA new strain of influenza virus similar to swine flu but with huge human pandemic potential has been found in China....

CN investing $445 million in British Columbia

CNCN announced tha it plans to invest approximately $445 million (CAD) across British Columbia in 2020....

Tesco discounts steaks for high street restaurants to help UK and Irish beef farmers

Top quality steakA move by Tesco to help UK and Irish beef farmers by taking top quality steaks destined for now shut high street restaurants is proving a major success with shoppers....

Vestas, Rabobank and Windpark Zeewolde partner up to build Netherlands' largest wind project

Windpark ZeewoldeWindpark Zeewolde B.V., Vestas and Rabobank have closed contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands....

Norwegian exports of fresh salmon to China fell 97 percent

Norwegian fresh salmonExports of fresh salmon to China fell by 97 percent last week to 15 tonnes compared with the same week last year....

India extends free food for 800 million people till November

India poorIndian Prime Minister Narendra Modi on Tuesday extended a free food grain scheme for over 800 million people until the end of November as the country battles a spike in coronavirus cases....

Ryanair boss threatens to cut 3,500 jobs if pay cuts not agreed

Michael O’LearyRyanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline's boss Michael O'Leary said....

UAE provides nearly a third of Japan's crude oil needs in May

Japan factoryJapan's imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed....

FedEx Q4 loss $334 million

FedExFedEx reported fourth quarter loss of $334 million compared with last year's loss of $1.97 billion....

Conagra Brands Q4 jumps very nicely

Conagra BrandsConagra Brands announced a profit for its fourth quarter that climbed from last year....

J. C. Penney Q1 net sales cut in half

J. C. PenneyJ. C. Penney reported that for the three months ended May 2, 2020 net sales declined to $1.08 billion from $2.44 billion....

General Mills Q4 net sales increased 16 percent

General MillsGeneral Mills (GIS) reported fourth quarter net sales were $5.0 billion, up 21 percent from last year....

Macy's Q1 net loss $3.58 billion

Macy'sMacy's reported a first quarter net loss of $3.58 billion, compared to net income of $136 million in the prior year quarter....

South Korea aims to foster 1,000 hydrogen-related firms by 2040

South Korea hydrogen carsSouth Korea said Wednesday it will foster 1,000 businesses in the hydrogen industry over the next 20 years in its latest push to nurture a hydrogen-based ecosystem and related economy....

Largest fast food franchisee in U.S., 1,600 Pizza Hut and Wendy's places, files for bankruptcy

Pizza HutNPC International, the largest fast food franchisee in America, which owns 1,600 Pizza Hut and Wendy's locations, files for bankruptcy....

Irish tourism revenue likely to plunge 75 percent

Ireland beachThe revenue of the Irish tourism sector could fall by close to 75 percent in 2020 due to the impact of the coronavirus crisis, said a senior member of the Irish Tourism Industry Confederation (ITIC) on Saturday.... â– 


What to read next

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

Flooding concerns in Puerto Rico; thunderstorms across southeast U.S.

 
The main weather feature and focus for showers and thunderstorms through this weekend will be a cold front progressing across the East and stalling between the Southeast and southern Texas.
 
 

Latest

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.
U.S. oil rig count up by 5 to 511
Rhode Island Governor, State Police promote safe travel across Washington Bridge
Governor Abbott met with Samsung executives to discuss billions invested in Texas

NEWS

California: Nearly 500 arrests, 160,000 stolen goods recovered in just 3 months

Romania: EPPO probes public officials in investigation into €160 000 fraud involving employment funds
EPPO: 3 convicted of evading €3.1 million in customs duties on imported e-bikes
Romania: EPPO conducted searches in investigation into €1.7 million fraud involving irrigation systems
U.S.: Pacific storm over west
4.8 magnitude earthquake rattles New Jersey and New York
 

BUSINESS

U.S. drillers cut oil and gas rigs to 620

Australia: East coast gas surplus expected in Q3 2024
Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
 

Trending Now

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

Governor Abbott met with Samsung executives to discuss billions invested in Texas

Egypt to establish free zone for yachts along Red Sea coast

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.


POLITICS

Egypt to establish free zone for yachts along Red Sea coast

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports
Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
 

Today We Recommend

Egypt to establish free zone for yachts along Red Sea coast


Highlights 

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion

Johnson & Johnson Q1 earnings $5.3bn


COMPANIES

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

99 Cents Only Stores to close all 371 stores
Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
 

CAREERS

MainStreaming appoints Tassilo Raesig as COO

BioArctic AB proposes for election board members and chairperson
TerraPay names Marco Boldini as EVP and global head of governmental affairs
Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion
Johnson & Johnson Q1 earnings $5.3bn
Dollarama Q4 sales increased 11.3%
Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 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

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

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
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

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
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

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
Pagani Huayra R Evo, 900 hp from 770 Nm
 

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

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
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

Rare species of wild bees discovered in Berlin

SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole