Microsoft has told staff they will be able to pick up iPhones at various offices in China and Hong Kong to replace Android devices such as those made by Huawei and Xiaomi. Multinationals have introduced increasingly strict protocols for staff when visiting or working in China. Consultancies Deloitte and KPMG …
Read More »Royal Mail slashes airmail operations to tackle late letter deliveries
In addition to the cost savings, Royal Mail said the move will save around 30,000 tonnes of carbon dioxide per year and help it meet a target of achieving net zero emissions by 2040. The company’s delivery lorries run partly on hydrotreated vegetable oil – a renewable alternative to diesel …
Read More »Postmaster Sandy Mackenzie (83) celebrates 60 years at Rogart Post Office
Click here to sign up to our free newsletters! A Sutherland businessman and postmaster is marking a diamond milestone. Eight-three-year-old Alisdair Mackenzie better known as Sandy, is celebrating 60 years at the helm of Rogart Post Office. He has been presented with a Post Office Long Service Award in …
Read More »Royal Mail faces surging debt bill after ‘Czech Sphinx’ takeover
The future of Royal Mail is set to be hamstrung by surging interest payments following Daniel Kretinsky’s debt-fuelled takeover of the postal service. The £3.6bn offer from Mr Kretinsky – known as the “Czech sphinx” – for Royal Mail’s parent company International Distribution Services (IDS) risks trebling its borrowing costs …
Read More »Ferrari to offer €7,000 subscription fee to replace electric car batteries
Thanks for joining me. Volkswagen will invest $5bn in Tesla rival Rivian in a deal that will give it access to the start-up’s technology. The joint venture comes amid uncertainty in the electric car market, which is the subject of a trade war between US, EU and China, and lacklustre …
Read More »Horizon engineer Gareth Jenkins defends accounting system at Post Office inquiry
One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws. The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, …
Read More »Southend Airport launches new flight route to Bulgaria for the summer season from today
A new flight route from Essex to Bulgaria has launched in the county today (June 17) as the first passengers took off. Southend Airport launched the new chartered service from Balkan Holidays which travels from the city to Bourgas in Bulgaria. The location is home to the popular resort of …
Read More »New list highlights Rotherham’s heritage
From Bailey Bridges to old workshops, historic pubs to a Royal Mail Post Box, the recently signed off Rotherham Local Heritage List includes 100 assets that have architectural or historical importance in South Yorkshire. Local heritage lists identify locally valued heritage assets, nominated mainly by members of the public and …
Read More »There’s a devastating debt bomb lurking inside the Royal Mail takeover
The potential for asset sales should be a genuine concern too. Both Royal Mail shareholders and experts believe Kretinsky could be getting his hands on one of the biggest corporate property portfolios in Europe – an estate of prime sites situated in towns up and down the country – on …
Read More »Alex cartoons, June 2024 – The Telegraph
Royal Mail warns Czech takeover risks sparking debt crunch. There are concerns that Daniel Kretinsky's takeover will put IDS's balance sheet under … Source link
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