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PostNL, the Dutch postal operator, announced its intention to sell the German unit Postcon and the Italian division Nextive in order to focus on the markets of Belgium, the Netherlands and Luxembourg. The company revised its annual forecast, taking into account the changes in the classification of units in Germany and Italy from the current quarter. PostNL expects a basic operating profit in the range of 160 million to 190 million euros instead of the 200 million euros expected earlier. In the second quarter, the company increased the number of sent parcels by 22% and reduced the number of letters by 10.8%. In the first half of the year, revenue from the delivery of goods from online stores increased by 44%. In the second quarter, the company recorded a net loss of 1 million euros against a net profit of 29 million euros a year earlier.
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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