POST Online Media Lite Edition



 

Highlights: March 29, 2021 - April 4, 2021

Christian Fernsby |
Events of the last week.

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Domino's Pizza to sell Icelandic operations for 13.7 million pounds

Domino's PizzaDomino's Pizza Group PLC on Monday said it has agreed to sell its Pizza Pizza operations in Iceland for GBP13.7 million in cash....

Iraq discussing $7 billion energy deal with Total

Oil Minister Ihsan Abdul JabbarIraq is discussing an agreement with Total to build large infrastructure installations, develop oil fields and produce gas, Oil Minister Ihsan Abdul Jabbar told Asharq News in an interview that aired on Saturday....

Nomad Foods to acquire Fortenova's Frozen Food Business Group

LedoNomad Foods announced today that it has entered into an agreement to acquire Fortenova Group's Frozen Food Business Group (FFBG) for aggregate consideration of approximately 615 million euros on a debt-free, cash free basis....

INEOS Energy to sell its Norwegian oil and gas business to PGNiG for $615m

INEOSINEOS Energy has announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway for a consideration of $615 million....

BioNTech jumps to profit in Q4

BioNTechBioNTech reported fourth quarter net profit of 366.9 million euros, compared to a net loss of 58.2 million euros, prior year....

Lloyd's aggregated market loss 900 million pounds

Lloyd'sLloyd's today announced a loss of 0.9bn pounds (pre-tax) for 2020, driven by 3.4bn pounds net incurred COVID-19 losses, which contributed 13.3% to the market's combined ratio of 110.3%....

Hitachi acquires GlobalLogic in $9.6 billion deal

HitachiHitachi is buying U.S. company GlobalLogic for $9.6 billion....

Mack-Cali announces $254 million sale of Metropark Office Portfolio

Mack-Cali Realty CorporationMack-Cali Realty Corporation announced the sale of its Metropark portfolio, located in Edison and Iselin NJ, for $254 million to Opal Holdings....

BlackBerry Q4 loss $315 million

BlackBerryBlackBerry reported fourth quarter loss of $315 million or $0.56 per share, wider than last year's loss of $41 million or $0.07 per share....

Robinhood Markets to create nearly 400 new jobs in Mecklenburg County, North Carolina

Charlotte, North CarolinaRobinhood Markets, Inc. will create nearly 400 jobs in Mecklenburg County, North Carolina....

Wayfair to bring distribution center, more than 250 new jobs to Harford County, Maryland

WayfairWayfair has announced plans to open a new distribution center in Maryland....

Georgia: Danimer Scientific planning $700 million, 400 job expansion in Decatur County

Danimer ScientificDanimer Scientific plans to invest $700 million in expanding their Bainbridge manufacturing operations, nearly quadrupling their workforce in Decatur County, Georgia....

Feit Electric to open first east coast distribution facility in Henry County, Georgia, create 120 jobs

Feit ElectricFeit Electric will invest more than $25 million in opening a distribution center in Henry County....

$3.7 billion investment transforming rail in Virginia

Governor Ralph NorthamVirginia Governor Ralph Northam announced the Commonwealth has finalized agreements with Amtrak, CSX, and Virginia Railway Express, launching a $3.7 billion investment to expand and improve passenger, commuter, and freight rail in Virginia and create a vital connection in America's national rail network between the Northeast and Southeast corridors. ...

Brookfield Asset Management to buy remaining stake in Brookfield Property Partners for $6.5 billion

Brookfield Asset ManagementBrookfield Asset Management said it reached a $6.5 billion agreement to acquire the shares of Brookfield Property Partners LP it doesn't already own....

Commerzbank to cut 1,700 jobs

CommerzbankaCommerzbank reached an agreement with the Central Works Council on a voluntary programme for the necessary headcount reduction....

NextEra Energy Transmission acquires GridLiance for $660m

NextEra EnergyaNextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Blackstone....

Pioneer Natural Resources to acquire DoublePoint Energy for $6.4 billion

Pioneer Natural ResourcesaPioneer Natural Resources said it had agreed to acquire the leasehold and related assets of private equity-backed Permian Basin operator DoublePoint Energy for roughly $6.4 billion....

Whistleblower: FDA didn't react to blood, urine and feces in Merck facility

Merck Durham, North CarolinaaA whistleblower claims there were violations at a number of pharma companies, including a Merck & Co. in Durham, North Carolina, where staff destroyed evidence of unsanitary practices....

Yangfeng, Wacker Neuson and IME Autolift to open plants in Serbia, create 800 jobs

Wacker NeusonThe international corporations Yangfeng, Wacker Neuson and IME Autolift will this year open three new factories in Kragujevac, central Serbia, creating 800 jobs, the Chamber of Commerce and Industry of Serbia (PKS) said in a statement....


What to read next

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

U.S.: Areas of severe thunderstorms and heavy rain through the weekend

 
Upper-level ridging weakens from the Ohio Valley to the Southeast on Friday, resulting in a reduced area of Heat Advisories over the east.
 
 

Latest

Baker Hughes: U.S. oil rig count down by 6 to 432
Malaysia introduces new rules prohibiting all plastic waste imports from U.S.
Kazakh-German JV Skyhansa to build $500 mln airport near Chinese border
Ukrainian poultry products gained access to Oman market

NEWS

EPPO targets criminal organisation suspected of VAT fraud involving sales of diesel

U.S.: Severe thunderstorms in the Northern Plains and Upper Midwest
Former U.S. senator Bob Menendez begins serving 11-year bribery sentence
Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe
Croatia: Former minister sentenced to two years of imprisonment for abuse of office and authority
U.S.: Widespread showers across the eastern half, severe thunderstorms in Montana into the Plains
 

BUSINESS

Peru's mining exports jump 23 pct

Vietnam encourages private businesses to invest in railway sector
Baker Hughes: U.S. oil rig count down by 1 to 438
AfDB to provide $184.1 million for Africa’s largest solar energy and battery storage project
EIB supports Bay of Biscay electricity interconnection between Spain and France
U.S., UK, and Congolese officials inaugurate Kiswishi City Special Economic Zone
 

Trending Now

Peru's mining exports jump 23 pct

Fire in Egyptian hospital kills at least seven coronavirus patients

Egyptians start paying taxes on imported mobiles

Micron plans to invest $200 billion in semiconductor manufacturing and R&D


POLITICS

New York Power Authority directed to develop nuclear power plant

Cuban President begins official visit to Belarus
EU adopts new tariffs on Russian and Belarusian agricultural goods and fertilisers
EU proposes banning LNG gas imports from Russia by end of 2027
New York Governor announces Sullivan County broadband project
Zimbabwe to ban lithium concentrate exports
 

Today We Recommend

New York Power Authority directed to develop nuclear power plant


Highlights 

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan

WFS to open new multi-purpose terminal at Lyon Airport


COMPANIES

Micron plans to invest $200 billion in semiconductor manufacturing and R&D

750 new jobs coming to Michigan
LS Cable and unit join Korea-Japan submarine cable project
WFS to open new multi-purpose terminal at Lyon Airport
CEVA Logistics renews contract to transport aeronautics parts between France, Morocco, Tunisia
Malian government takes over Canadian-owned Barrick Gold mine
 

CAREERS

Bluecrux appoints four new partners

Isomorphic Labs appoints Ben Wolf as chief medical officer
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
 

ECONOMY

EU-Mercosur trade up substantially in last decade

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
 

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

Ireland: Minister Donohoe removes broiler poultry farmers from VAT Flat Rate Addition scheme

FLI tests mobile One Health laboratory for diagnosing highly pathogenic pathogens
First vaccine against swine dysentery disease recommended for approval
USDA expands fruit pest quarantines in New York and California
Peru records 23.6% growth in agricultural export sales compared to 2024
China allows imports of rapeseed meal, soybean meal from Uruguay
 

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
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

Bolivia declares national health emergency due to measles outbreak

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
 

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