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Highlights: June 29, 2020 - July 5, 2020

Christian Fernsby ▼ | July 6, 2020
The most interesting stories that marked last week.
What happened last week
What happened last week  
After 18 coronavirus cases China put 400,000 people under strict lockdown

Anxin countyAbout 400,000 people have been placed under strict lockdown in Anxin county, China in the central province of Hebei, near Beijing, after just 18 fresh cases were detected....

BP agrees to sell its petrochemicals business to INEOS for $5 billion

BP petrochemicalsBP announced that it has agreed to sell its petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments....

China strikes again: New swine virus with huge human pandemic potential found

Chinese pigA new strain of influenza virus similar to swine flu but with huge human pandemic potential has been found in China....

CN investing $445 million in British Columbia

CNCN announced tha it plans to invest approximately $445 million (CAD) across British Columbia in 2020....

Tesco discounts steaks for high street restaurants to help UK and Irish beef farmers

Top quality steakA move by Tesco to help UK and Irish beef farmers by taking top quality steaks destined for now shut high street restaurants is proving a major success with shoppers....

Vestas, Rabobank and Windpark Zeewolde partner up to build Netherlands' largest wind project

Windpark ZeewoldeWindpark Zeewolde B.V., Vestas and Rabobank have closed contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands....

Norwegian exports of fresh salmon to China fell 97 percent

Norwegian fresh salmonExports of fresh salmon to China fell by 97 percent last week to 15 tonnes compared with the same week last year....

India extends free food for 800 million people till November

India poorIndian Prime Minister Narendra Modi on Tuesday extended a free food grain scheme for over 800 million people until the end of November as the country battles a spike in coronavirus cases....

Ryanair boss threatens to cut 3,500 jobs if pay cuts not agreed

Michael O’LearyRyanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline's boss Michael O'Leary said....

UAE provides nearly a third of Japan's crude oil needs in May

Japan factoryJapan's imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed....

FedEx Q4 loss $334 million

FedExFedEx reported fourth quarter loss of $334 million compared with last year's loss of $1.97 billion....

Conagra Brands Q4 jumps very nicely

Conagra BrandsConagra Brands announced a profit for its fourth quarter that climbed from last year....

J. C. Penney Q1 net sales cut in half

J. C. PenneyJ. C. Penney reported that for the three months ended May 2, 2020 net sales declined to $1.08 billion from $2.44 billion....

General Mills Q4 net sales increased 16 percent

General MillsGeneral Mills (GIS) reported fourth quarter net sales were $5.0 billion, up 21 percent from last year....

Macy's Q1 net loss $3.58 billion

Macy'sMacy's reported a first quarter net loss of $3.58 billion, compared to net income of $136 million in the prior year quarter....

South Korea aims to foster 1,000 hydrogen-related firms by 2040

South Korea hydrogen carsSouth Korea said Wednesday it will foster 1,000 businesses in the hydrogen industry over the next 20 years in its latest push to nurture a hydrogen-based ecosystem and related economy....

Largest fast food franchisee in U.S., 1,600 Pizza Hut and Wendy's places, files for bankruptcy

Pizza HutNPC International, the largest fast food franchisee in America, which owns 1,600 Pizza Hut and Wendy's locations, files for bankruptcy....

Irish tourism revenue likely to plunge 75 percent

Ireland beachThe revenue of the Irish tourism sector could fall by close to 75 percent in 2020 due to the impact of the coronavirus crisis, said a senior member of the Irish Tourism Industry Confederation (ITIC) on Saturday.... â– 


 

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