POST Online Media Lite Edition



 

Highlights: October 11, 2021 - October 15, 2021

Christian Fernsby |
Events of the last week.

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Lukoil buys 15.5% of Caspian gas project Shah Deniz from Petronas for $2.25 billion

LukoilLukoil has signed an agreement to purchase a 15.5% stake in the Shah Deniz gas project in the Azerbaijani sector of the Caspian Sea from the Malaysian company Petronas for $ 2.25 billion....

Emerson to merge software units with AspenTech in $11 billion deal

EmersonEmerson and AspenTech announced that the companies have entered into a definitive agreement to contribute Emerson's industrial software businesses OSI and the Geological Simulation Software business to AspenTech (new AspenTech)....

Thailand's investment pledges jump 140% in January to September

ThailandThailand's overall investment applications from January to September jumped 140% from a year earlier to 521 billion baht ($15.38 billion)....

Dorel signs definitive agreement to sell sports segment to Pon Holdings for $810 million

Dorel IndustriesDorel Industries announced that it has entered into a definitive agreement to sell Dorel Sports, its bicycle segment, to Pon Holdings for $810 million in cash, representing approximately CAD $1 billion, payable to Dorel at closing....

Lukoil buys Petronas stake in Shah Deniz for $2.25b

LukoilLukoil bought a 15.5 percent stake in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from Petroliam Nasional Bhd (Petronas)....

Tata Motors raises $1 billion for electric vehicles

Tata MotorsTata Motors has reached a deal to raise about $1 billion by selling a stake in its electric vehicle business to a TPG fund and other investors....

Generali commits to 3bn euros of sustainable investments

GeneraliGenerali has committed to investing 3 billion euros in sustainable and green bonds by the end of 2022, as part of its sustainability objectives....

Asian Development Bank to deliver $100 billion in climate financing

Asian Development BankThe Asian Development Bank (ADB) is aiming to deliver $100 billion in climate financing to its developing member countries (DMCs) from 2019 to 2030....

NatWest allocates 100 billion pounds for green lending

NatWestA report published by NatWest sets out the potential opportunity that exists for the UK economy from the transition to net zero, finding that SMEs could create up to 130,000 new jobs, produce around 30,000 new businesses and result in an estimated 160 billion pounds opportunity for the UK economy....

Citigroup Q3 net income up 48%

CitibankCitigroup reported that its third quarter net income increased 48% year on year....

Morgan Stanley Q3 profit up 36%

Morgan StanleyMorgan Stanley reported Thursday a profit for the third quarter that increased 36 percent from last year....

Walgreens to invest over $5.5 billion in VillageMD

Walgreens VillageMDWalgreens Boots Alliance and VillageMD announced that WBA has agreed to make an additional investment in VillageMD to advance its strategic position in the delivery of value based primary care, a $1 trillion, fast growing segment of the healthcare system....

Air Products announces $4.5 billion hydrogen complex in Louisiana

Air ProductsAir Products has announced a $4.5 billion blue hydrogen complex in Louisiana....

South32 buys almost half of Sierra Gorda for $1.55 billion

Sierra GordaSouth32 acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM for $1.55 billion....


What to read next

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

Flooding concerns in Puerto Rico; thunderstorms across southeast U.S.

 
The main weather feature and focus for showers and thunderstorms through this weekend will be a cold front progressing across the East and stalling between the Southeast and southern Texas.
 
 

Latest

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.
U.S. oil rig count up by 5 to 511
Rhode Island Governor, State Police promote safe travel across Washington Bridge
Governor Abbott met with Samsung executives to discuss billions invested in Texas

NEWS

California: Nearly 500 arrests, 160,000 stolen goods recovered in just 3 months

Romania: EPPO probes public officials in investigation into €160 000 fraud involving employment funds
EPPO: 3 convicted of evading €3.1 million in customs duties on imported e-bikes
Romania: EPPO conducted searches in investigation into €1.7 million fraud involving irrigation systems
U.S.: Pacific storm over west
4.8 magnitude earthquake rattles New Jersey and New York
 

BUSINESS

U.S. drillers cut oil and gas rigs to 620

Australia: East coast gas surplus expected in Q3 2024
Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
 

Trending Now

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

Governor Abbott met with Samsung executives to discuss billions invested in Texas

Concept Medical announces enrollment of first patient in "MAGICAL-ISR" ide study in U.S.

Egypt to establish free zone for yachts along Red Sea coast


POLITICS

Egypt to establish free zone for yachts along Red Sea coast

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports
Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
 

Today We Recommend

Egypt to establish free zone for yachts along Red Sea coast


Highlights 

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion

Johnson & Johnson Q1 earnings $5.3bn


COMPANIES

Coca-Cola Company to create approximately 250 new jobs in Town of Webster

99 Cents Only Stores to close all 371 stores
Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
 

CAREERS

MainStreaming appoints Tassilo Raesig as COO

BioArctic AB proposes for election board members and chairperson
TerraPay names Marco Boldini as EVP and global head of governmental affairs
Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
 

ECONOMY

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
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Nokia Q1 sales down

UnitedHealth Q1 $99.8 billion
Johnson & Johnson Q1 earnings $5.3bn
Dollarama Q4 sales increased 11.3%
Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 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

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

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

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
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

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
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

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
Schüller 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

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

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
Scientists on hunt for evidence of quantum gravity's existence at South Pole