POST Online Media Lite Edition



 

Highlights: May 23, 2022 - May 28, 2022

Christian Fernsby |
Events of the last week.

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Hyundai to invest $5 billion in U.S.

Euisun ChungHyundai Motor Group announced $5 billion investment in the United States through 2025 for innovative mobility technologies...

APM Terminals Mobile to expand by 32 acres, create $104 million worth terminal

APM Terminals MobileAPM Terminals Mobile has signed an agreement with the Alabama State Port Authority to add 32 acres to the current 134 acre container terminal yard to keep pace with future demand, creating one million TEU throughput capacity that is approved to handle 14,000 TEU ships...

Actis acquires realty platform RX Propellant, will invest $200 million

Rx PropellantActis, a global investor in sustainable infrastructure, has acquired Rx Propellant, a platform focused on providing real estate solutions to tenants in the life sciences and related sectors in India...

Governor Lamont signs legislation ratifying agreement with Sikorsky to grow Connecticut jobs

Lockheed MartinGovernor Ned Lamont has signed into law Public Act 22-4, which ratifies an agreement that his administration recently reached with Lockheed Martin that will strengthen the aircraft manufacturing company’s presence in Connecticut through at least 2042 and support an estimated 30,000 direct and indirect jobs in the state...

California created over 40,000 jobs in April, continues outpacing nation’s job growth rate

CaliforniaCalifornia created 41,400 jobs in April and decreased the unemployment rate to 4.6 percent, both of which outpaced the national rates of job growth and unemployment reduction...

Veterinarians remind South Dakota cattle producers to include anthrax vaccination this spring

South Dakota cowSDSU Extension and South Dakota Animal Industry Board veterinarians are encouraging South Dakota cattle producers to include the anthrax vaccine in their vaccination program when they turn out cattle to summer pastures this spring...

Leading South African fresh produce companies join forces

Lona UnlimitedLeading South African fresh produce companies join forces combining 8m cartons of import and export volume...

Brazil's Moove acquires U.S. PetroChoice Lubrication for $479 million

MooveBrazilian lubricant distributor Moove, owned by Cosan, has agreed to buy the largest U.S. lubricant distributor, PetroChoice Lubricants, for $479 million, the company said in a securities filing published...

Eagle Foods acquires two iconic brands from General Mills for $610 million

General MillsEagle Foods announced that it has entered into a definitive agreement to acquire the Helper main meals and Suddenly Salad side businesses from General Mills for $610 million...

Telus to invest C$11 billion in Quebec

TelusTelus is investing C$11 billion over the next four years to provide high-speed Internet across Quebec...

Eli Lilly plans to invest $2.1 billion in new manufacturing sites in Indiana

Eli LillyEli Lilly plans to expand its manufacturing footprint in Indiana by investing $2.1 billion in two new manufacturing sites at Indiana's LEAP Lebanon Innovation and Research District in Boone County...

Guess Q1 earnings down

GuessGuess announced earnings for first quarter that decreased from last year...

Broadcom to acquire VMware for approximately $61 billion in cash and stock

BroadcomBroadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022...

Hans Kissle to add 219 new jobs in Gaston County, North Carolina

Hans KissleHans Kissle Company will create 219 new jobs in Gaston County, North Carolina...

Georgia: Qcells to power 470 new jobs with Whitfield County facility expansion

QcellsQcells will invest $171 million in a new solar module manufacturing facility in Dalton, Georgia, creating 470 new jobs in Whitfield County...

Louisiana: Supreme Rice to develop parboil facilities in Acadia Parish, employ nearly 100

Supreme RiceSupreme Rice is investing $16.2 million to develop parboil facilities in Crowley and Mermentau, Louisiana for a new line of ready-to-eat products...

Aegean Q1 consolidated revenues increase threefold

AegeanAegean announces the financial and operating results for the first quarter 2022, recording a significant increase in consolidated revenues which stood at €120,8 mil. in 2022 from €44,3 mil. in the respective quarter in 2021...

Lenovo net income up 72%

LenovoLenovo announced record fiscal year results for the Group, with historic highs for both profit and revenue...

Hibbett Q1 sales decreased 16.3%

HibbettHibbett provided financial results for its first quarter ended April 30, 2022...


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