POST Online Media Lite Edition



 

Highlights: September 2 - September 7, 2019

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

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Worst slump for UK factories since 2012

UK factoriesActivity in the manufacturing sector is at its weakest for more than seven years....

Green light for giant field that will produce oil next 40 years in North Sea

Johan Sverdrup fieldThe Norwegian Petroleum Directorate has granted its consent for start-up of the Johan Sverdrup field in the North Sea. The field is expected to produce oil for the next 40 years....

Manufacturing downturn continues in South Korea

Manufacturing in South KoreaDifficulties in South Korea's manufacturing sector remained apparent in August, as key gauges of economic health such as output, new orders and employment all declined....

Manufacturing PMI dips to 15-month low in India

Manufacturing in IndiaAlthough economic growth in the Indian manufacturing industry was sustained in August, most survey indicators fell since July to signal a widespread loss of momentum....

Vertex to acquire Semma Therapeutics for $950 million

Vertex PharmaceuticalsVertex Pharmaceuticals Incorporated announced that the company has entered into a definitive agreement under which Vertex will acquire Semma Therapeutics, a privately held biotechnology company pioneering the use of stem cell-derived human islets as a potentially curative treatment for type 1 diabetes, for $950 million in cash....

Japanese car sale in South Korea down 56.9 percent

Japanese carJapanese car sale in South Korea posted a double-digit fall last month amid the ongoing campaign to boycott Japanese products, caused by the trade spat between Seoul and Tokyo, industry data showed Wednesday....

All Vietnamese localities hit by African swine fever

Vietnamese pigAll Vietnam's localities have been stricken by the African swine fever (ASF), after Central Ninh Thuan province recorded cases of the animal disease, Vietnam News Agency reported....

PETA continues with nonsense actions calling wool as cruel as fur, gets its ad banned

Happy sheepA PETA advert which claimed 'wool is as cruel as fur' has been banned by the UK's advertising watchdog....

Chile to invest $5 billion to revamp railways in 25 projects

Chilean railwaysChilean President Sebastian Pinera announced a $5 billion investment plan to renovate and expand the country's railway network....

Tens of thousands of cargo ships must switch to less-polluting fuel

Big cargo shipsTens of thousands of cargo ships will have to start using less polluting fuels in January....

Erdogan says Turkey should have nuclear weapons

Recep Tayyip ErdoganTurkish President Recep Tayyip Erdogan has complained that Turkey is forbidden from owning nuclear weapons while other countries possess them, accusing them of hypocrisy....

Palo Alto Networks Q4 revenue grew 22 percent, GAAP net loss $20.8 million

Palo Alto NetworksPalo Alto Networks announced financial results for its fiscal fourth quarter and fiscal year 2019, ended July 31, 2019....

U.S. imposes duties on structural steel from China and Mexico

Structural steelThe U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value....

Prudential Financial to acquire Assurance IQ for $2.35 billion

Prudential FinancialPrudential Financial announced that it has signed a definitive agreement to acquire Assurance IQ....

Kuwait spending $359 million on infrastructure development

Al-Mutlaa roadKuwait is boosting its spending on infrastructure development works in the Al-Mutlaa area....

Norwegian seafood exports continue to grow

Norwegian seafoodNorway exported 182,000 tonnes of seafood with a total value of NOK 8.6 billion in August....

Eight U.S. states and D.C. investigating Facebook for possible antitrust violations

FacebookNew York Attorney General Letitia James released a statement confirming the bipartisan coalition shes leading investigating social media giant Facebook for antitrust issues....

Kenya giving $6 million for hybrid electricity mini-grids

Kenya village electricityKenya Power has allocated 700 million shillings ($6.7 million) to hybridize its off-grid production systems in the country....

U.S. to Egypt: You violate human rights. Here's your $1.3 billion

Egypt streetThe U.S. State Department has decided to release $1.3 billion in military aid to Egypt....

Azul Linhas Aereas to offer nonstop flights from Fort Lauderdale, Fl. to Belo Horizonte

Azul Linhas AereasBrazil-based Azul Linhas Aereas has announced it will begin nonstop service from Fort Lauderdale, Florida to Belo Horizonte in Brazil, beginning December 16, 2019, the company said....


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