Friday, Mar 14 2025 | Time 17:36 Hrs(IST)
World


DHL to cut 8,000 jobs in Germany

Frankfurt, Mar 6 (UNI) Germany's logistics giant DHL Group announced on Thursday that it will cut 8,000 jobs at Post & Parcel Germany, a division dealing with post and parcels in Germany, as part of a broader cost-cutting initiative aimed at saving up to 1 billion euros (1.08 billion U.S. dollars) in 2025.
The layoffs are part of the company's "Fit for Growth" program, which seeks to streamline operations in response to declining mail volumes and ongoing financial pressures. Digitalisation has significantly reduced the demand for postal services in Germany, putting pressure on Post & Parcel Germany's business model, said the company.
DHL reported that Post & Parcel Germany's revenue grew by 2.7 percent to 17.35 billion euros in 2024, but its earnings before interest and taxes (EBIT) fell 5.6 percent to 821 million euros. The company said it would implement job reductions in a socially responsible manner in 2025.
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Iran welcomes desire of Armenia, Azerbaijan to conclude peace treaty – Foreign Ministry

14 Mar 2025 | 2:48 PM

Tehran, Mar 14 (UNI) Iran welcomes the desire of Armenia and Azerbaijan to conclude a peace treaty, this is an important step towards establishing peace, Iranian Foreign Ministry spokesman Esmail Baqaei said on Friday.

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U S ramps up sanctions on Russia's oil, gas, banking sectors

14 Mar 2025 | 2:44 PM

Washington, Mar 14 (UNI) The United States is tightening restrictions on Russia's oil, gas and banking sectors by limiting their access to U.S. payment systems, according to CBC News.

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Myanmar to compete in 2025 Sepak Takraw World Cup

14 Mar 2025 | 2:40 PM

Yangon, Mar 14 (UNI) Myanmar will compete in the 2025 Sepak Takraw World Cup in Bihar, India from March 20 to 25, the Myanmar Sepak Takraw Federation said Friday.

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600 Afghan drug users reintegrate with families after recovery

14 Mar 2025 | 1:24 PM

Kabul, Mar 14 (UNI) At least 600 drug users have recovered and reintegrated with their families after receiving medical treatment in a rehabilitation center in south Afghanistan's Kandahar province, the local media outlet TOLOnews reported on Friday.

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China ready to defend principles of non-alignment with Russia, Iran – Wang Yi

14 Mar 2025 | 1:22 PM

Beijing, Mar 14 (UNI) China is ready to defend the principles of non-alignment with Russia and Iran and not targeting third parties in order to return to negotiations as soon as possible, Chinese Foreign Minister Wang Yi said on Friday.

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