POST Online Media Lite Edition



 

Highlights: March 28, 2022 - April 1, 2022

Christian Fernsby |
Events of the last week.

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Saint-Gobain to hire more than 2000 work-study students in 2022

Saint-GobainSaint-Gobain has announced the company's plan to hire 1,500 work-study positions in France at the start of the September 2022 school year as part of its long-time commitment to youth employment and training....

Telecom Egypt cooperates with EIB to secure 150 million euros

Telecom Egypt EIBTelecom Egypt signed an agreement with the European Investment Bank (EIB) to secure a medium-term loan of 150 euros million to expand Telecom Egypt's 4G broadband network....

Huawei net profits increased 75.9%

HuaweiHuawei released its 2021 Annual Report, revealing that the company had maintained solid operations throughout the past year....

JetBlue announces 5,000 new jobs coming to New York City

JetBlueJetBlue, New York's hometown airline, announced that the company will be adding 5,000 jobs in New York City in 2022....

HP Inc. to buy Poly for $3.3 billion

HP IncHP Inc. has agreed to acquire Poly , the conferencing hardware and headset company, for $40 a share, or $3.3 billion including debt....

Olam Group to sell stake in agri unit to SALIC for $1.24 billion

Olam GroupOlam Group is selling just over a third of one of its business units to Saudi Agricultural and Livestock Investment Company (SALIC) for $1.24 billion....

World Bank grants Morocco $180 million loan to support agriculture

Moroccan farmerThe World Bank Board of Executive directors approved a $180 million IPF (Investment Project Financing) loan to support resilient and sustainable agriculture in Morocco....

Permobil to expand manufacturing operations at North American headquarters in Wilson County, Tennessee

PermobilPermobil officials announced the company expects to invest $15.5 million to expand its manufacturing operations at the company's North American headquarters in Middle Tennessee....

Consortium to buy Nielsen for $16 billion

NielsenNielsen Holdings agreed to sell itself to a group of private-equity firms in a deal that values the company at $16 billion including debt....

UnitedHealth Group to buy LHC group for over $5 billion

UnitedHealth GroupUnitedHealth Group has agreed to buy LHC Group....

Lululemon Athletica Q4 profit $434.5 million

Lululemon AthleticaLululemon's fourth quarter profit rose to $434.5 million or $3.36 per share from $329.8 million or $2.52 per share last year....

Cal-Maine Foods Q3 sales increased 33.0 percent

Cal-Maine FoodsCal-Maine Foods reported results for the third quarter of fiscal 2022 ended February 26, 2022....

Canada to spend $9.1 billion to be more green

Steven GuilbeaultCanada has unveiled its new road map to slash greenhouse gas emissions over the next decade, charting $9.1 billion in new spending on climate initiatives and a vision to reverse and drive down rising carbon pollution from Canada's oil and gas sector....

TAV-Fraport makes 1.8 bln euros upfront payment for Antalya Airport

Antalya AirportThe joint venture of Fraport AG and TAV Airports paid Turkey's state airports authority (DHMI) the required upfront fee for the new concession to operate Antalya Airport over a 25-year period....

Germany to invest 4 bln euros in biodiversity, climate protection

BMUVGermany is set to invest four billion euros (4.4 billion U.S. dollars) in a program to strengthen biodiversity and tackle the climate crisis, the government said....

Exclusive Networks sales increased 29.5%

Exclusive NetworksExclusive Networks announced its financial results for the full year ended December 31, 2021, which release has been approved by the Board of Directors on 29 March 2022....

Royal Bank of Canada buys Brewin Dolphin for GBP1.6 billion

Royal Bank of CanadaRoyal Bank of Canada said it has agreed to buy London-listed investment advice company Brewin Dolphin Holdings for GBP1.6 billion....

Bayer to invest 2 billion euros in drug production

BayerBayer said it would invest around 2 billion euros ($2.23 billion) at pharmaceutical manufacturing sites over the next three years, mainly to bolster production of biotechnology drugs as well as cell and gene therapies....

Cepsa will spend 7-8 billion euros on low-carbon energy sources

CepsaSpanish oil and gas group Cepsa will spend 7-8 billion euros on shifting its business to low-carbon energy sources by 2030, including the production of green hydrogen....

VinFast Automotive selects North Carolina for electric vehicle assembly plant, to create 7,500 jobs

VinFast AutomotiveVinFast, the Vietnamese auto manufacturer building a new line of electric vehicles, has selected North Carolina for its first North American automotive assembly and battery manufacturing plant, creating 7,500 jobs....

Broncus Medical revenue increased 234.2%

Broncus MedicalBroncus Medical, the leader in precision interventional treatment for lung diseases in China, announced its annual results announcement for the year ended December 31, 2021....

Axis Bank acquires Citi India's retail assets for $1.6 billion

Axis BankPrivate lender Axis Bank has acquired Citi India’s retail assets, valuing the business at nearly $2 billion....

Syngenta Q3 sales up 27 percent

SyngentaSyngenta Group announced strong sales growth for the third quarter and the first nine months ending on September 30, 2021....

Strike looms at Royal Mail as company seeks to sack 1,000 workers

Royal MailRoyal Mail could soon be hit by UK-wide strikes over plans to sack nearly 1,000 managers and bring in lower rates of pay in what Unite the union says is yet another case of 'fire and rehire'.... â– 


What to read next

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Highlights: June 8 - June 13, 2015

Storm brings rain and snow to southwest U.S.; snow on higher elevations

 
A deep upper level low will drop into the western U.S. today, pushing a surface frontal system south across the region.
 
 

Latest

U.S. oil and gas rig count falls to 576
Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland
Kansas Governor announces $25M for Stafford County Transload Facility Project
Port Houston awarded $25 million to build hydrogen fuelling station

NEWS

Arctic air spreads south and east from Rockies Friday through next week

Bulgaria: 4 charged with €94.5 million fraud involving railway signalling systems
Winter storm to impact south and southeast U.S.
Azerbaijan suspends gas supplies to Bulgaria for technical reasons
UK phasing out sale of new petrol and diesel cars from 2030
Anchor linked to Eagle S recovered in Finland-Estonia cable damage probe
 

BUSINESS

Ukraine planning to resume port concessions in 2025

EIB and Societe Generale to stimulate up to €8 billion investment in wind industry
U.S. drillers cut oil and gas rigs
U.S. rig count dropped, Canada nice surprise
Massachusetts wins more than $102 million for transportation infrastructure projects
Baker Hughes oil rig count unchanged at 589, Canadian down
 

Trending Now

U.S. oil and gas rig count falls to 576

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers

Georgia Governor Kemp to reinforce economic partnerships in Germany and Poland

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence


POLITICS

BOEM approves construction and operations plan for SouthCoast Wind Project

Thailand signs trade deal with European nations
Mexico and EU update trade deal to counter potential U.S. tariffs under Trump administration
Trump announces plans for 10% tariff on China starting on February 1
Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers
Historic $8 billion transportation investment to improve roads, bridges and regional transit in Massachusetts
 

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Raiffeisen Bank faces €2 billion fine in Russia


Highlights 

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities

Los Angeles wildfires: Governor announces $20 million to support firestorm-impacted workers


COMPANIES

Rolls-Royce signs landmark £9 billion Unity contract with UK Ministry of Defence

Amazon to close all Québec facilities
Raiffeisen Bank faces €2 billion fine in Russia
Reach Subsea confirms delivery of Reach Remote 1
Corning to create 300+ jobs in North Country, New York
Lufthansa Group plans around 10,000 new hires across entire company in 2025
 

CAREERS

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
Mika Mahlberg becomes Fortaco’s president, CEO and member of board
Medicilon names Lilly Xu as chief technology officer
 

ECONOMY

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
Italy sees faster economic growth in Q1
 

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

Hong Kong suspends of poultry meat and products from areas in U.S.

Indonesia aims for food self-sufficiency in rice, corn, salt by 2026
Vietnam opens Brazilian market for salted cattle hides
Germany reports first foot and mouth disease outbreak in 35 years
UK exported enough banned bee-killing pesticides to cover area bigger than England
Hong Kong suspends import of poultry meat and products from areas in Hungary, Portugal, Korea
 

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