POST Online Media Lite Edition


Highlights: May 2, 2022 - May 7, 2022

Christian Fernsby |
Events of the last week.

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New Jersey's first offshore wind project to create hundreds of jobs

New Jersey Governor Phil MurphyNew Jersey Governor Phil Murphy announced that the New Jersey Economic Development Authority (NJEDA) signed a Letter of Intent (LOI) with Orsted Offshore North America for New Jersey's first offshore wind project, Ocean Wind 1...

Focus Foods announces 100-job expansion in Louisiana

Focus FoodsFocus Foods announced a $1.7 million expansion and relocation from its Celtic Studios base of operations to a larger site in Baton Rouge, Louisiana...

Norsk Hydro bids EUR 232 million for Alumetal

Norsk HydroHydro has announced its bid for the acquisition of Alumetal, one of the biggest manufacturers of secondary aluminium casting alloys and primary alloys based in Poland...

Turkey's exports peak to new daily record of nearly $2b

Port tradeTurkey's daily export volume surged to a new record of nearly $2 billion on Friday, according to Trade Minister Mehmet Mus...

Shell to acquire Solenergi Power for $1.55 billion

ShellShell Overseas Investment has agreed to acquire 100% of Solenergi Power for $1.55 billion and, with it, the Sprng Energy group of companies...

G-III to acquire Karl Lagerfeld for $210m

Karl LagerfeldG-III Apparel Group said it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner...

Hydro Q1 EBITDA doubles

Hilde Merete AasheimHydro's adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year, resulting in a 12-month rolling Adjusted RoaCE of 23 percent...

Vestas Q1 loss 765 million euros

VestasVestas first quarter loss was 765 million euros, compared to last year's loss of 64 million euros...

Bp Q1 loss $20.4 billion

BpBp reported loss for the quarter was $20.4 billion, compared with a profit of $2.3 billion for the fourth quarter 2021...

Pfizer Q1 revenues $25.7 billion

PfizerPfizer reported strong financial results for first-quarter 2022...

HUGO BOSS Q1 sales increased 52%

HUGO BOSSIn the first three months of 2022, HUGO BOSS continued its strong financial and operational performance, posting significant top- and bottom-line improvements year-on-year...

Maersk Q1 revenue up 55pct

MaerskMaersk delivered record results for Q1 2022 across its businesses...

ExxonMobil to sell Romanian affiliate for more than $1 billion

RomgazExxonMobil has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to Romanian government approvals...

Equinor Q1 adjusted earnings $18.0 billion, impairments related to Russia $1.08 billion

EquinorEquinor reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022...

Austria's OMV sells filling stations in Germany for $511.5M

OMVOMV and EG Group have concluded the transaction in which OMV sold its filling station business in Germany to EG Group...

Petrobras to invest $16 billion to renovate Campos basin

PetrobrasPetroleo Brasileiro SA (Petrobras) will invest $16 billion to renovate the Campos basin, offshore Brazil, with plans to install three new Floating production storage and offloading (FPSOs) and interconnect more than 100 oil rigs in the area over the next 5 years...

ERIS Lifesciences to acquire Oaknet Healthcare for $906 million

ERIS LifesciencesERIS Lifesciences will acquire 100% stake in Oaknet Healthcare at an equity valuation of Rs 650 crore ($906 million)...

Price increases deliver export record for Norwegian seafood in April 2022

Norwegian seafoodNorway exported seafood worth NOK 11.3 billion in April...

Shell Q1 earnings $5.03 billion

ShellShell reported that its first quarter CCS earnings attributable to shareholders increased to $5.03 billion from $4.34 billion, prior year...

BMW Q1 profit soars 256 percent

BMWBMW reported that its first quarter Group net profit surged 256 percent to 10.19 billion euros from last year's 2.83 billion euros...

Gentherm to acquire Alfmeier's automotive business for 177.5 million euros

GenthermGentherm announced that it has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Prazision...

Air France KLM Q1 net loss 552 million euros

Air FranceAir France-KLM reported that its first quarter net loss Group part was 552 million euros, narrower than last year's 1.48 billion euros...

Tri-City Extrusion to expand in Bristol, Tennessee, employ nearly 200

Tri-City ExtrusionTri-City Extrusion announced the company will invest $30.8 million to expand its manufacturing operations in Northeast Tennessee...

Lufthansa more than doubled its revenue

LufthansaThe Lufthansa Group recovered from the spread of the Omicron variant over the course of the first quarter of 2022...

Lewis Lumber and Milling to create 100 jobs in Clarion County with first manufacturing operation in Pennsylvania

Lewis Lumber and MillingLewis Lumber and Milling, Inc., a producer of unfinished hardwood wide plank flooring, cabinet moldings and components, is opening its first manufacturing operation in Pennsylvania and will create 100 new jobs in Clarion County...

Intercontinental Exchange to buy Black Knight in US$13.1 billion deal

Intercontinental ExchangeIntercontinental Exchange said it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion...

Shopify will acquire Deliverr for $2.1 billion

ShopifyShopify announced that it will acquire Deliverr, a San Francisco, California-based ecommerce fulfillment startup, for $2.1 billion in cash and stock...

Governor: Growth projects pumping $7.7 billion in new investment into Alabama, generating over 10,000 jobs

Alabama GovernorGovernor Kay Ivey announced that economic development activity across Alabama surged during 2021, with a new report showing that projects launched during the year will inject $7.7 billion in capital investment and nearly 10,200 jobs into the state's strengthening economy...

Credit Agricole Q1 net income fell 47.2%

Credit AgricoleCredit Agricole posted a sharp fall in first quarter profit...

Louisiana: Entergy announces 170-job expansion of West Monroe customer service center

EntergyEntergy Corporation is expanding its northeast Louisiana contact center to triple the number of customer care representatives as part of its commitment to provide high levels of service and communication with its 2.9 million utility customers in four states...

Loblaw Q1 revenue increased $390 million

LoblawLoblaw announced its unaudited financial results for the first quarter ended March 26, 2022...

What to read next

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

Out of ten sectors of Slovak economy, eight rose

Economic performance in the 3rd quarter was driven by the growing industry, developments in real estate market and transportation, including storage.


Don't know where to go in Paris? To see Moulin Rouge VIP show evening, of course
ADF mobilized $8.9 billion for Africa’s low-income countries, highest in its 50-year history
Three ships to bring Ukrainian foods to India, Turkey, Spain
Depot of the future delivers Australia’s largest electric vehicle logistics fleet


3,000 security officers searched in 11 German states, far-right figures arrested for planning attacks

Argentine VP Cristina Fernandez de Kirchner sentenced to 6 years in jail for corruption
New Zealand: TAIC issues report on fire on board cargo ship Kota Bahagia
NTSB urges immediate inspections of Bell 407 helicopters
U.S.: Locally heavy rain and snow
Croatian MiG-21 crashed, both pilots survived


Luxury travel market to grow by $703.14 billion

IATA: Airlines to return to profit next year but cargo under pressure
UAW urgently calls on automakers to move supply chain out of China's Uyghur Region
UK's fifth biggest trade union calls for an end to rip-off youth rates
Deal on new law to ensure products causing deforestation are not sold in EU
NHS plans to return retired and partially retired staff to work

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EU antitrust watchdog slaps Deutsche Bank, Rabobank with bond cartel probe

Depot of the future delivers Australia’s largest electric vehicle logistics fleet

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona


Tajikistan plans to develop green economy in 4 years for $2 billion

European Union committed to mobilize 2.6 billion euros for Armenia
Thousand of Moldova's households to get higher compensations when paying bills
FM: Hungary received exemption from using oil price cap
Commission approves €26.3 million Finnish measure to support SEVO in construction of hydroelectric pump storage
Five Polish regions to get €3.85 billion for just transition toward climate neutral economy

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UAW urgently calls on automakers to move supply chain out of China's Uyghur Region


Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona

AbbVie signs $40 million collaboration deal with HotSpot Therapeutics


Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona
DAMAC Group signs contract with Mandarin Oriental to manage luxurious resort in Maldives
Kostal to build its new plant in Mexico
Rosatom to supply uranium products to Brazil
Etihad Cargo restarts China-India freighter flights to meet industrial demand


Invivyd appoints two executives

Martinrea International appoints Maureen Midgley to board
SouthGobi Resources appoints three directors
Canon Europe promotes Hiro Imamura to EVP, digital printing & solutions
BioMar appoints Andrew Campbell as CEO for AQ1
Roche appoints Brad Moore as CEO of Roche Diagnostics North America


Canada trade surplus widens to $1.9 billion in October

Canada's international merchandise exports rose 1.5% in October
Brazil's Central Bank adjusts 2022 inflation projections by 0.01%
Australian GDP up 0.6 pct in Q3
Egypt’s net foreign reserves rise to $33.532 billion
Italy: Harmonized inflation inches down in November


Barnes & Noble Education Q2 2023 GAAP sales decreased 1.6%

AutoZone Q1 net income decreased to $539.32 million
Genesco Q3 2023 GAAP earnings $1.66
Kirkland's Q3 sales $131.0 million
Cracker Barrel Old Country Store Q1 2023 revenue $839.5 million
Malvern Bancorp Q4 net income $2.6 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?


Russia receives right to export animal feed to Myanmar

Rospotrebnadzor: Swine flu reported in 74 Russian regions
Hong Kong Customs detects suspected frozen meat smuggling case involving cargo vessel
First direct train from Laos to China arrives with 543 tons of fruit
Vets cull 15,000 ducks in Czech Republic over bird flu outbreak
Hong Kong suspends poultry meat and products import from areas in Canada


Only 32% of employees believe their pay is fair

Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'


Walmart to pay Massachusetts $500,000 as part of alleged drug pricing violations

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts
Hertz to pay $168 mln to settle over 95% of wrongful theft report claims
Glencore to pay Republic of Congo $180 mln over alleged corruption claims
Fraudsters target water infrastructure projects, OLAF closes several cases
Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud



Cambria Hotels opens in Minneapolis

All aboard the Heathrow Festive Express
Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping
"Pets with Love" Dog Adoption Carnival 2022 to be held in Hong Kong
Weather-resistant ArtWalk Downtown Billings, Montana
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal


Lamborghini Huracán Sterrato, first super sports car for any terrain

New colorful Porsche 718 Style Edition models
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point


Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style


ASUS launches ExpertBook B9 for executives

Take Elektor Fortissimo and make your own high-end amplifier
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better


EU regulator backs bivalent COVID shots for primary vaccination

Strep A killed at least nine children in UK
Justice Department secures agreement with Alabama Medicaid to remove unlawful sobriety mandate for health care access
Pfizer and BioNTech apply for FDA authorization for Omicron-retooled vaccine booster in kids under 5
Cornwall first area in England to trial NHS Digital Health Check
Huge rise of scarlet fever cases in UK, 6 kids dead of Strep A


Maybe aliens are waiting to hear a signal from us first

NASA testing new robotic arm that really knows how to chill out
Mars is more active than previously thought
James Webb telescope produces an unparalleled view of the ghostly light in galaxy clusters
China's two meteorological satellites put into operation
Lagoon dries up as drought grips Peru