POST Online Media Lite Edition



 

Highlights: November 18 - November 23, 2019

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

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India to sign over $7 billion defense deal with U.S.

P-8India is close to inking a defense deal with the U.S. for the procurement of Sea Guardian armed drones and P-8I anti-submarine warfare and surveillance aircraft....

Saudi Arabia: Saudi Aramco worth $1.7 trillion

Saudi AramcoSaudi Arabia's Aramco is planning to sell a 1.5 percent stake in an initial public offering, placing the value of the oil giant of $1.6 trillion to $1.7 trillion....

Barrick to sell its share of Australian super-pit for $750 million

KalgoorlieBarrick Gold Corporation announced it has reached an agreement to sell its 50 percent interest in Kalgoorlie Consolidated Gold Mines ("KCGM") in Western Australia to Saracen Mineral Holdings Limited (“Saracen”) for a total consideration of $750 million in cash....

Sub-Saharan economies’ GDP may hit $2.4 trillion in 2023

Sub-SaharaThe Sub-Saharan economies are expected to boom in the next years, with the regional GDP is projected to reach $2.4 trillion by 2023, an analysis from the Dubai Chamber of Commerce and Industry showed, according to the Emirates News Agency (WAM)....

Road funding from Japan for Philippines worth around $1.2 billion

Central Luzon Link ExpresswayThe Japan International Cooperation Agency (JICA) is providing the funding for a series of major infrastructure projects in the Philippines....

Emirates says it ordered 50 Airbus A350 worth $16 billion

Emirates planeEmirates announced a firm order for 50 A350-900 XWB aircraft worth US$ 16 billion (AED 58.7 billion) at list prices at the Dubai Airshow 2019....

EU becomes net antibiotics importer

PillsThe EU member countries' antibiotics imports from the non-EU countries in 2018 were €2.87 billion ($3.38 billion) while extra-EU antibiotics exports were €1.8 billion ($2.12 billion)....

UK households report strain on their finances in November

UK houseThe headline index from the survey, the seasonally adjusted IHS Markit UK Household Finance Index (HFI) which measures households’ overall perceptions of financial wellbeing recorded 44.4 in November, which is unchanged from October and the joint-highest since January....

Illegal custody of hazardous waste caused Chinese chemical explosion

Jiangsu explosionThe deadly chemical plant blast in eastern China's Jiangsu Province on March 21 has been identified as an extremely severe production safety accident caused by prolonged illegal custody of hazardous chemical waste, according to the State Council investigation group on the case....

Tata Steel to cut 3,000 European jobs

Tata Steel EuropeTata Steel will cut as many as 3,000 jobs across its European business to come to terms with a “severe” international steel market, but added there would be no plant closures....

Gazprom sends Naftogaz Ukrainy proposal on gas transit, Ukraine said it's unacceptable

GazpromGazprom sent Naftogaz Ukrainy an official proposal endorsed by head Alexei Miller on the extension of the existing contract or conclusion of a new agreement on gas transit via the Ukrainian territory for a period of one year in light of forecast demand for gas by European consumers in 2020....

French nationality best in world

French citizensFrench citizens can take satisfaction that their nationality has once again been ranked as the best in the world....

Apple starts construction of new $1 billion Austin campus, will employ 5,000

Apple campusApple has started construction of its new $1 billion campus in Austin, Tx....

Travel and tourism account for 2.8% of U.S. GDP

Tourism in U.S.The travel and tourism industry as measured by the real output of goods and services sold directly to visitors increased 4.2 percent in 2018, according to the most recent statistics from the Travel and Tourism Satellite Account (TTSA) published by the Bureau of Economic Analysis (BEA)....

India to import of 120,000 tonnes of onion

OnionsThe Cabinet in India gave its approval to the Food Ministry's recent decision to import 1.2 lakh tonnes of onions in a bid to improve the domestic availability of the key kitchen staple and check prices....

PayPal to to acquire shopping platform Honey for $4 billion

Honey companyPayPal Holdings announced that it has agreed to acquire Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards, for approximately $4 billion....

Summer boosts Dubai tourist numbers to more than 12 million

Dubai tourismA surge in arrivals over the summer months accelerated Dubai’s tourism momentum....

Last coal plant operating in New York seeks to shut in February

New York coal plantThe operator of New York state’s last active coal-fired power plant, located north of Buffalo in Somerset, filed with state utility regulators for permission to shut as soon as February 15, saying it wants to build a data center at the site.... â– 


What to read next

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

Heavy rain with flooding possible in southwest U.S. and upper Midwest; heat continues in east

 
A stubborn upper-level high over portions of the eastern to south-central U.S. will generally remain in place, continuing a heat wave over the region with the focus for the most intense heat over portions of the Midwest/Ohio Valley and expanding in the Mid-Atlantic.
 
 

Latest

U.S. drillers cut oil and gas rigs to 588
Italy issues $6.4 million fine over Chinese cars badged as Italian
Manchester facing standstill as Metrolink workers ballot for strikes over woeful pay offer
Serbia to commission first study on possibility of building nuclear power plants

NEWS

At least 2 killed, 9 injured in train collision in central Chile

EPPO dismantles criminal organisation targeting RRF funds
Additional heavy rainfall for Florida; severe thunderstorms in east U.S.
Chile declares disaster zone after storm leaves 1 dead, 4,300 homeless
Malawi's vice president Chilima killed in plane crash to be buried Friday
Heat continues in southwest U.S.; severe thunderstorms in Central Plains
 

BUSINESS

Mayor Adams launches New York City's first community hiring effort

Baltimore filed lawsuit against plastic manufacturing companies for role in pollution
U.S. drillers cut oil and gas rig count
Construction starts to transform South Brooklyn Marine Terminal Into nation's largest offshore wind port
With record revenue of $996 billion airlines earn just $6.14 per passenger
Venezuela enters WTO Trade Facilitation Agreement
 

Trending Now

Baltimore filed lawsuit against plastic manufacturing companies for role in pollution

Heavy rain with flooding possible in southwest U.S. and upper Midwest; heat continues in east

Serbia to commission first study on possibility of building nuclear power plants

Mayor Adams launches New York City's first community hiring effort


POLITICS

U.S. prohibits use of Kaspersky Lab software on its territory

Kyrgyz parliament approves China-Kyrgyzstan-Uzbekistan railway agreement
First Net-Zero Academy to train 100,000 workers in EU solar photovoltaic value chain
Colombia to suspend coal exports to Israel
EU tariffs on Chinese EVs opposed across Europe
Ontario supports laid off auto workers in Windsor and Chatham
 

Today We Recommend

Mayor Adams launches New York City's first community hiring effort


Highlights 

U.S. lifts restrictions on Mexican tomato imports

Baltimore filed lawsuit against plastic manufacturing companies for role in pollution

Oracle to invest more than $1 billion in AI and cloud computing in Spain


COMPANIES

Global Fiber selects Padtec, Satelital for subsea cable off Brazilian coast

Oracle to invest more than $1 billion in AI and cloud computing in Spain
Masdar and GEK TERNA strike landmark €3.2bn deal
SubCom and Telecom Egypt complete IEX cable landings in Egypt
Vodafone connects UK to world’s largest subsea cable system
Dispatch, Eneco collaborate on groundbreaking battery energy storage system for renewable energy in Netherlands
 

CAREERS

SEforALL approves term renewal of CEO Damilola Ogunbiyi

iSON appoints Vitul Kwatra as global CEO
Comviva announces key executive appointments in Europe and North America
Ocean Outdoor announces group CEO succession plan
Rajesh Chandiramani takes over as Comviva CEO
Azentio appoints Rahul Arora as new chief sales officer
 

ECONOMY

Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
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
 

EARNINGS

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
Dollar General Q1 operating profit decreased 26.3%
Guess Q1 revenue increased by 7%
 

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

U.S. lifts restrictions on Mexican tomato imports

Global fisheries and aquaculture production reaches new record high
Hong Kong suspends import of poultry meat and products from Sioux County, Iowa
Hong Kong suspends import of poultry meat and products from areas in India, U.S. and Korea
UK declares freedom from bird flu
Belgium second EU country to authorise bluetongue vaccine
 

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

EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions

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
 

Magazine

TRAVEL

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
Treyam, your premier lagoon destination in Saudi Arabia
 

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

UK introduced new pregnancy prevention measures for topiramate (Topamax)

UK: People with HIV can now donate eggs or sperm to start family
EU health watchdog urges vaccinations to stem surge in Whooping Cough cases
Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer
UK scientists win funding for 'cancer detecting' Lollipops
 

MEANTIME

Potentially habitable 'exo-Venus' with Earth-like temperature discovered

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