Business

Royal Mail profit falls, expects letter volume decline

Royal Mail profit falls, expects letter volume decline

With the expansion of internet shopping, Royal Mail's dominance in the parcel sector puts the group on a sounder footing: it has a 50 per cent market share of the United Kingdom market. Royal Mail's letters business in the United Kingdom struggled, with direct mail down 10%, but this was offset to some extent by the company's overseas operations, meaning letter deliveries overall were down 6%.



OPEC annual net oil export revenue falls 15% in 2016

The positive sentiment from a joint statement by Saudi Arabian and Russian energy ministers early Monday that they would recommend an extension of the OPEC/non-OPEC cuts by nine months to March 2018 had boosted crude by around a dollar at the day's close and was also carrying through to Tuesday.



Ford to cut 1400 jobs in North America, Asia

Ford is sinking $4.5 billion into electric-vehicle research, but has been vague about its specific plans for a long-range electric vehicle it plans to launch in coming years. It previously forecast re-tax earnings of $9 billion, down from $10.4 billion for all of previous year. Ford - facing heavy costs for new technology and slowing USA vehicle sales - is cutting 1,400 non-factory jobs in North America and Asia Pacific this year in an effort to boost profits and rescue its sagging stock ...


Online bettors punt on early end to Trump presidency

Online bettors punt on early end to Trump presidency

Only after testing the question with voters will the party have a firmer sense of how it should act. "On the issue of impeachment, I am doing my homework", Representative Tulsi Gabbard said at a town hall event in April. Can Democrats publicly defend a strategy of supporting impeachment only if the Republicans own and lead it, as well as demanding concessions from Republicans? I can understand Congressman's Greens's frustrations.



Cyberattack toll rises to 200000 victims in 150 countries - Europol

And experts say the scope of the problem could expand as people return to work and fire up their computers. "At the moment we are in the face of an escalating threat, the numbers are going up". Wallace denied that underinvestment in the NHS - a key claim of the opposition Labour Party ahead of the June 8 election - may have left health services exposed to such attacks.


Chinese passenger jet prepares for maiden flight

Chinese passenger jet prepares for maiden flight

Chinese media report that a C919 will cost some $50-million, said to be less than half the price of an Airbus A320 or a Boeing 737. The C919's manufacturer, Commercial Aircraft Corporation of China (COMAC), says 23 foreign and domestic customers have placed orders for as many as 570 aircraft.