Author: staff
The German logistics company announced a cost-saving plan after a “challenging” year in 2024. However, investors applauded fourth-quarter results. DHL will cut 8,000 jobs in 2025 at its division called Post & Parcel Germany, which is part of a broader plan to save costs across the entire logistics group. Post & Parcel Germany is a nationwide service in Germany and it has around 187,000 employees.In the financial year of 2024, the division noted a 5.6% year-on-year decline in earnings before interest and taxes.“Due to the accelerated decline in letter volumes, the adverse regulatory framework and the additional costs stemming from the…
“I think that for our British friends, who are in an intelligence community with the U.S., it’s more complicated.” he said, referring to the Five Eyes group that also gathers Canada, Australia and New Zealand. “Our intelligence is sovereign. Yes, we have intelligence resources that we share with the Ukrainians,” he added. Earlier this week, the U.S. also halted sending military aid to Ukraine, leaving the country vulnerable to aerial attacks by Russia. Lecornu also addressed the idea that U.S. President Donald Trump might be trying to use military aid to Ukraine as negotiation leverage with Russia. “If it’s a tool for…
Tour group operators say the North Korean city of Rason has been closed to foreign visitors, following a recent trip there by 13 international tourists. North Korea has suspended foreign tourism to the border city of Rason, weeks after allowing a group of international travellers to enter the nation for the first time in five years, according to tour companies. This week, two Western tour operators — Koryo Tours and Young Pioneer Tours (YPT) — and China-based KTG Tours announced the suspension of trips to the hermit state. “Just received news from our Korean partners that Rason is closed to…
Besides the hotel, located in a highly populated civilian neighborhood, the Russian airstrike Wednesday night also damaged 14 residential buildings, two schools, two kindergartens, a post office and business venues, Kryvyi Rih Mayor Oleksandr Vilkul said in a post on Telegram. More than 30 people were injured in the attack on the city, including a 13-year-old girl, Vilkul said. He added that 28 people have been hospitalized, three of them in extremely serious condition and 11 in serious condition. The Russian Defense Ministry has yet to comment on the strike. Earlier this week, the U.S. decided to halt all military…
Euronews spoke exclusively to senior figures at the summit and analysts from across the region who lauded the sentiment but questioned the viability of the Arab countries’ proposals. The day after leaders from across the Middle East and North Africa met to discuss and sign a proposal for “comprehensive and just peace” in Gaza, without displacing its 2.1 million inhabitants, press from across the region praised the summit as “a unified Arab position”.”Egypt throws a ‘lifeline’ to the cause,” read the headline in Egypt’s state-run newspaper Al Ahram, while one of Jordan’s leading newspapers called it “a clear and implementable…
Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy have their guide to the day ahead in British politics. As Matt Wrack, a former hard-left firefighter is endorsed as the the next leader of one of the two main teaching unions, Sam and Anne discuss the fallout for the government. Mr Wrack, who is the preferred candidate for the NASUWT is a former general secretary of the fire brigade’s union, but he has no professional educational background. They also discuss the ongoing conversations about defence spending and how Europe will protect itself as both Rachel Reeves and Sir…
New Zealand Foreign Minister Winston Peters told the media on Thursday that it was “deeply regrettable” that he had to take action over Goff’s comments and that he would have done so if they had been made about any other leader. Goff’s comments were “deeply disappointing” and made the envoy’s position “untenable,” Peters said. “When you’re in that position, you represent the government and the policies of the day — you’re not able to free-think; you are the face of New Zealand,” he added. Goff, a former leader of New Zealand’s Labour Party and former foreign minister, was appointed as…
Reliable data from US embassies and consulates has been essential for air quality monitoring in cities around the world. The US government will stop sharing air quality data gathered from its embassies and consulates, worrying local scientists and experts who say the effort was vital to monitor global air quality and improve public health.In response to an inquiry from The Associated Press, the State Department said Wednesday that its air quality monitoring program would no longer transmit air pollution data from embassies and consulates to the Environmental Protection Agency’s AirNow app and other platforms. This previously allowed locals in various…
In addition, there are few opportunities for investors to hedge their risk through futures and options contracts — in contrast to national government bond markets such as German Bunds and French OATs. The Commission’s top budget official, Stéphanie Riso, has made no secret that she’d like joint European bonds to be better-established financial products. In a podcast appearance earlier this year, Riso said that in the past, investors have treated EU joint borrowing more like debt issued by government-backed agencies, such as the International Monetary Fund or the European Investment Bank, rather than normal government debt. “The situation has changed,”…
Christian Democratic Union/SPD deal would allow Germany to finance 4 percent of gross domestic product in debt at any time. | John Macdougal/Getty Images “The can-do attitude shown tonight could lift sentiment and pull in private investment, even before fiscal policy gets going,” added J.P. Morgan economist Greg Fuzesi, who said he expects a “material change” to Germany’s economic outlook after two straight years of recession. No free lunch Other things being equal, said Barclays economist Balduin Bippus, the move should reverse the downward pressure that German fiscal policy has put on the euro since 2009, when Angela Merkel introduced…