German postal service raises stamp cost after losing prices row with regulator

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• German postal service raises stamp cost after losing prices row with regulator

  Logistics group DHL , which runs Germany's postal service, revealed a hike in the cost of a standard stamp on Wednesday, after failing to encourage regulators that it requires even more leeway on pricing to balanced out costs and fund investment. A basic stamp from Deutsche Post will cost 95 euro cents ($ 1.01) from Jan. 1, up from a previous 85 cents, the company said, after the federal network agency set brand-new prices guidelines for the years 2025 and 2026. The firm therefore allowed costs to increase, however not by as much as DHL had hoped. DHL said the rate hike was due to considerable cost increases caused by inflation, increasing earnings and an even more decrease in letter volumes, including that parcel prices would also boost in line with the guidelines.

• German regulator sets stamp cost standards, shrugging off DHL demonstration

  Germany's network regulator verified its standards for the rates of postage stamps on Monday, declining to surpass its proposed varieties regardless of protest by the national operator Deutsche Post, owned by logistics group DHL. DHL has actually criticised the regulator, which initially proposed the prices standards in September, for not giving the postal system sufficient leeway to respond to rising inflation and falling letter volumes. The company said the new rates framework threatened its lawfully set revenue margin target of 6.5% and therefore made planned financial investments no longer feasible. With its decision, the Federal Network Agency is warding off the objectives and requirements of the legislator with an influence on the whole market, a DHL spokesperson said. Network regulator president Klaus Mueller turned down the business's issues, saying in a declaration: If we were to follow the demands, consumers and companies would be doubly strained. A source stated the regulator was looking calmly at the possibility of a suit by DHL against its decision. The standards are to use from the start of 2025 until the end of 2026, and see stamp rates for private and service mail rising by an average of 10.48%. Parcels would see a 7.21%. boost. For example, this would permit the cost of sending out a requirement. letter to increase from a present 85 cents

• Ainslie gives Fletcher the British SailGP team helm

  Ben Ainslie chose Dylan Fletcher as the British skipper for SailGP’s fifth season. The league’s Canadian team will begin in Dubai just a little over a week. Fletcher fills the void left by Giles Scott who joined the Canadian team. Fletcher is back at SailGP, this time as the 'driver' for the team that Ainslie owns and runs. Ainslie also selected the 36-year old as his cohelm last month when Britain's attempt to win the America's Cup away from New Zealand ended in failure. "This was the team I wanted be a part of. I think there's potential here, with the F50 and the America's Cup. Fletcher stated that he wanted to build everything together. The British 49er Olympic gold-medal winner from Tokyo, who was the helmsman of the British high-speed foiling catamarans in SailGP’s first season, said that it would be much more difficult with its expansion to 12 teams and 14 events. Fletcher, who missed three seasons of racing in the F50 simulator, said this during an interview just before flying to Dubai to train for pre-race. He said that he has a winning team, but it is also about him and his ability to learn, as well as get started with a job well done. He added that he gained a great deal of knowledge during the America's Cup with Ainslie. Fletcher noted that Ainslie, 47, had a "feel" for his boat. He added that at first it felt strange competing with the sailor he asked as a teen to sign his life jacket. He said that his America's Cup lesson was to trust your instinct, no matter what boat you are on or how you feel. It's the same basic instinct. 'INCREDIBLE' Fletcher said that he is looking forward to competing against Hannah Mills who he knows from their time as teenagers in the British Olympic sailing team. He added that they have developed similar communication styles. "I hope our relationship works well and that we can make the most of each other," said Mills, who added that it was important for him to spend time "on the road". Ainslie stated that Mills was a "standout candidate" for the driver's role. The team is supporting Mills' ambition to drive an F50 which can reach speeds of up to 100 kilometers per hour. Mills' British crew finished second to Italy last month in the first America's Cup women's race. Other returning SailGP crew members include flight controller Luke Parkinson and wing trimmer Iain Jensen, as well as grinders Neil Hunter and Nick Hutton. Kai Hockley is a newcomer, having been a member of the SailGP shore teams and America's Cup shore team in Britain for nine months. Hockley (18) will combine his role as a development engineer with the goal of racing in an F50. SailGP announced that Emirates, who already sponsor the British team, would become the league’s official global airline and title sponsor of an event which will be held at Portsmouth, England's south coast, from July 19-20 in 2025. It's going be amazing. Fletcher expressed his excitement at the prospect of racing in front of his home crowd. "I can't wait and I hope we have good weather," he said. (Reporting and editing by Toby Davis; Alexander Smith)

• China showcases its latest military hardware, and ambitions, at Zhuhai

  The Chinese military hardware on display at the country's biggest air program in Zhuhai highlights its ambitions, and in some cases might reveal developments in ability, professionals state. Amongst the systems showcased were the latest variant of China's J-35A stealth fighter, its bigger J-20 stealth fighter, a stealthy drone designated the CH-7 and the HQ-19 air defence system. There was likewise an electronic warfare variation of the J-15 naval fighter, in addition to dozens of different munitions. China is not seeking to display its power at the air program, however, the state-controlled International Times said in an editorial. Rather, it intends to prove that it has both the capability to protect its national sovereignty and territorial integrity and the commitment to peace-based advancement, it added. The Aerospace CH UAV Co Ltd CH-7, which was first shown at Zhuhai in 2018, is an intriguing aircraft considering that the current version can be used for different kinds of maritime missions, the Global Times stated in a different article. The intelligence, security and reconnaissance (ISR). info a sneaky drone can supply is seen as essential to. modern warfare, especially to direct the cruise and ballistic. rockets that form a big chunk of China's arsenal. In theory such a platform could undertake maritime. surveillance of U.S. Navy activities, including tracking their. aircraft carriers, and potentially targeting them with indirect. fires from IRBMs such as the DF-26, said Malcolm Davis, a. senior expert at the Australian Strategic Policy Institute. The aircraft also has implications for Taiwan, which China. claims as its own, in spite of the strong objections of the. government in Taipei. On the radar it will look like a really little dot, stated Shu. Hsiao-Huang, a research fellow at Taiwanese defence thinktank. INDSR. It is set to posture a very big obstacle to Taiwan's air. defence surveillance capacity. On the ground, China flaunted the YLC-2E radar and HQ-19. ballistic rocket defence system, both created to keep enemy. risks out of the sky. Couple of information are public of the radar system, just a design of. which showed at the air program. The Global Times says it tracks. stealthy targets utilizing S-band radio waves, a common set of. frequencies and wavelengths used for whatever from air traffic. control radar to Wi-Fi. The HQ-19's distinguishing function is that it is developed to. destroy both standard ballistic rockets and hypersonic. move lorries that can manoeuvre in flight. Little is known. about the sensors directing the missiles or their varieties. However the successes of missile defences in other places on the planet. make fielding such a system crucial to a contemporary armed force,. specialists say. The HQ-19 is a THAAD and the J-15 EW (electronic warfare. version) is a Growler, so both can be seen as staying up to date with. the U.S., said Peter Layton, a defence and aviation professional at. the Griffith Asia Institute, referring to the U.S. missile. defence system and the EA-18G electronic warfare airplane. Layton added that a mockup of a two-seat AVIC J-20 on. display screen likewise revealed aspirations for a step forward, amidst reports. that it might be utilized to control fight uncrewed aerial. automobiles. On the industrial side of the air show, Brazilian planemaker. Embraer stated on Wednesday it prepared to concentrate on. reinforcing its supply chain, including Chinese business. Embraer is the world's third-largest planemaker and focuses. on as much as 150-seat single-aisle local and executive aircraft,. sitting simply below Jet' and Boeing's. very popular A320 and 737 households and measuring up to the Plane. A220. At Zhuhai, Embraer's chief commercial officer, Martyn. Holmes, said China's President Xi Jinping was would soon go to. Brazil, where the G20 top is to be held this month. I think it's an interesting minute for us to be having that.

• Financial Times - Nov. 13

  The following are the top stories in the Financial Times. Reuters has actually not verified these stories and does not attest their accuracy. Headlines - UK Post Workplace to close 115 branches, putting numerous tasks at threat - BBVA bid for Sabadell dealt blow by antitrust watchdog - Underperforming NHS medical facilities to be outed in league tables - Fortress seizes control of art house cinema chain Curzon - Reeves looks for reform of UK consumer redress in the monetary services sector Introduction - The Post Office will close more than 100 branches, putting hundreds of jobs at threat, as the state-owned UK company looks for to put itself on a sounder monetary footing following an IT scandal. - Spanish bank BBVA has actually suffered an obstacle in its 11 billion euros ($ 11.69 billion) hostile bid for regional rival Sabadell as the country's antitrust regulator announced it would subject the deal to a more rigorous competitors review. - Underperforming NHS hospitals will be openly shamed in league tables and failing health managers will be sacked, UK health secretary Wes Streeting will caution in a speech to sector leaders on Wednesday. - Fortress Financial investment Group has actually seized control of British art house movie theater chain Curzon after pursuing a legal project to auction off the assets of a struggling US property billionaire. - Chancellor Rachel Reeves will on Thursday call for an overhaul of the UK system for customer redress in the financial services sector, as lenders brace for a potential multibillion pound bill for alleged mis-selling of cars and truck finance.

• Boeing strike sinks October deliveries to 14 jets

  Boeing stated on Tuesday it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers throughout the exact same month in 2023, after a weekslong strike stopped the majority of its aircraft production. The U.S. planemaker is needing all of its West Coast factory employees to be back at work on Tuesday after the strike ended on November 5, but added in a statement that it will be numerous weeks before aircraft production gets fully in progress. Boeing is dealing with heightened oversight by the U.S. Federal Aviation Administration (FAA) as it resumes output of its strongestselling 737 MAX jets, along with 767, 777 and 777x models, after their production was stopped throughout the strike which began on Sept. 12. The planemaker is trying to grow 737 production to strike a. rate of 38 a month to create required revenues, after the strike. weighed on its September and October shipments. Boeing 787. production in South Carolina was not affected by the strike. The planemaker provided 34 jets throughout October 2023, when it. struggled to remedy a production problem in the 737 MAX. Boeing was currently running a slower 737 MAX assembly line. considering that a Jan. 5 in-flight blowout of a door plug on a near new. design increased regulative examination. Boeing stated it will continue keeping track of production to ensure. security and quality and will guarantee employee training. accreditations are current. October deliveries consisted of nine 737 MAXes, 4 787 and one. 767 truck for FedEx, according to Boeing. From the strike's. beginning through October, the company delivered 24 airplane. The company scheduled 63 gross orders throughout the month with. no cancellations, including 46 737s, four 777 freighters and 10. 787s. Considering that the start of the year, Boeing has taped 378. gross orders and 335 net orders after cancellations and. conversions. After likewise adjusting for accounting standards,. Boeing booked 141 net orders. Boeing stated 220 gross orders, or almost 60% of its orders. throughout the year, were positioned in between July and October. Boeing's European rival Airbus

• 11 hurt by turbulence throughout Lufthansa flight to Frankfurt

  Eleven individuals were hurt when a Lufthansa flight from Buenos Aires to Frankfurt hit extreme turbulence while travelling over the Atlantic, the airline said on Tuesday. Regrettably, five passengers and six crew members suffered mainly minor injuries, a Lufthansa representative told Reuters in an e-mail, verifying a report by the DPA news agency. The safety of the flight was not in jeopardy at any time, the representative included. The injured gotten medical treatment instantly after the aircraft landed securely at its planned destination on Tuesday at 10:53 am (0953 GMT), according to the airline company. The Boeing 747-8 had been bring 329 passengers and 19 crew members. The turbulence was quick and occurred in an intertropical merging zone, the business stated. In May, a passenger passed away of a thought cardiovascular disease and 30 were hurt when a Singapore Airlines passenger aircraft was badly jolted by an air pocket over the Irrawaddy Basin in Myanmar.

• German regulator sets stamp cost guidelines, shaking off DHL protest

  Germany's network regulator verified its guidelines for the prices of postage stamps on Monday, declining to surpass its proposed varieties in spite of protest by the nationwide operator Deutsche Post, owned by logistics group DHL. I can not understand Post's need for an even higher boost. The costs that Post has presented to us do not permit for this. If we were to follow the needs, consumers and companies would be two times as strained, regulator president Klaus Mueller said in a declaration. Under the guidelines, which are to apply from the start of 2025 until completion of 2026, stamp prices for personal customers and company mail are to increase by an average of 10.48%, while personal customers sending parcels would see a 7.21% boost, the regulator stated. DHL has criticised the regulator, which initially proposed the pricing guidelines in September, for not providing the postal system adequate leeway to respond to increasing inflation and falling letter volumes.

• Portugal targets 2025 TAP sale as more than 12 potential purchasers reveal interest

  Portugal's federal government prepares to resume the sale of flag provider TAP in 2025, the nation's. infrastructure minister stated, after receiving interest from more. than a dozen prospective buyers. A previous Socialist administration authorized the. privatisation of a minimum of 51% of TAP in September 2023, but the. sale did not go ahead as Portugal held a snap election in March. which was won by a centre-right alliance. We will start the procedure of privatising the company in. 2025 and, to that end, we have listened to all interested. celebrations, said Miguel Pinto Luz. The facilities minister told a parliamentary committee. late on Thursday that TAP has also been strengthening itself in. financial terms, with operating results in line with or higher. than its European peers. Whatever the final privatisation design, Pinto Luz stated,. TAP's brand and its Lisbon hub will be maintained, adding that. tactical routes to the Portuguese diaspora, which includes. Brazil, Angola, Mozambique and the U.S., would not be lowered. Portugal's Prime Minister Luis Montenegro, who had. previously insisted on an overall privatisation of TAP, indicated a. month ago that a partial sale was a possibility. Pinto Luz stated there have actually been expressions of interest from. more than a dozen national and international interested. parties, including from outside Europe. The government has confirmed conferences with Air France-KLM. , Lufthansa and British Airways-owner IAG. Reuters reported in September that Lufthansa was. eyeing a 19.9%?? stake in TAP, below the 20% threshold that. would need European Commission approval. And Air France-KLM is open to various options, including. acquiring a minority stake, Reuters reported.

• Parcel locker firm InPost delivers 33.4% rise in Q3 earnings

  Parcel locker business InPost reported a 33.4% increase in its thirdquarter incomes on Friday, above market expectations, buoyed by volume development both in its home market Poland and abroad. Adjusted revenues before interest, tax, depreciation and amortisation (EBITDA) were 852.7 million zlotys ($ 213.2 million). in the quarter, compared to the 821 million expected by experts. in a company-compiled consensus. InPost runs Europe's greatest network of automated. lockers, dubbed automated parcel machines or APMs, that allow. customers to gather or drop off plans at a practical time. The group, which aside from Poland is present in eight. nations including France and Britain, delivered 262 million. parcels in the quarter, 25% more than in 2015. InPost stated it expects 2024 group margins to enhance year on. year, with margins in Poland growing in line with income and. stabilising at a mid-40s portion. It had previously guided for a. somewhat softening margin in Poland, but also can be found in at. mid-40s. It now sees margin at its Mondial Relay segment, which. includes France, to improve by 200-300 basis points compared to. the boost of 100-200 basis points it saw earlier. At the group level, it expects revenue growth rate to be in. line with volume development on the back of product mix by markets,. while earlier it had expected it to go beyond volume growth by. low-to-mid single digits.

• Chile losing international green hydrogen head-start, business state

  Industry experts are concerned Chile is falling behind the international green hydrogen race regardless of having a headstart due to its strong renewable resource matrix and geographical advantage to export to Asian markets. In a panel about energy shift in Santiago, companies betting billions on green hydrogen in the Andean country stated lengthy permitting and an absence of facilities, mainly ports and energy transmission, are holding the industry back while other countries are charging ahead. We had a 3, 4 year running start compared to the rest of the world in implementing these jobs, however today that's. down to months, said Mario Marchese, job director for HNH. Energy an $11 billion green hydrogen job in Chile's. Patagonia. We remain in a race to see who gets initially to markets initially,. Marchese said. And every day that window is closing and we're. losing that war. HNH Energy, backed by AustriaEnergy, Okowind and Copenhagen. Facilities Partners, aims to produce 1.3 megatons of ammonia. and 270,000 lots of hydrogen a year with a 1.4 Gigawatt wind. farm. It is among the biggest green hydrogen projects in the. world and the biggest investment to go through Chile's. ecological allowing process. We've invested 4 years preparing the ecological authorization,. we have actually invested dozens of countless dollars to get to this phase. and we still have a long road to go, Marchese said, including that. the permitting has actually been the most difficult part of the job. and they want to sign building contracts in the very first half. of 2027. Marchese kept in mind that Australia is racing to reach Asian. markets first and Brazil is also emerging as an international. competitor. Katherine Orozco, task development supervisor for EDF Chile,. a subsidiary of France's EDF that has a $2 billion financial investment. strategy, said Chile's abundance of solar energy in its northern. desert areas and wind energy in the Patagonian south, along. with seaside distance, offered it a huge benefit over other. countries in Latin America. When it pertains to hydrogen, 60 or 70 percent of the cost is. from electrical costs from eco-friendly, Orozco said. That's what. should provide us a benefit against the rest of the world, so we. shouldn't lose that. Orozco stated that one of the greatest challenges she sees is a. absence of electrical transmission lines and ports to export green. hydrogen. Brazil, she kept in mind, has actually currently begun developing. ports, providing it an advantage over Chile. Both Orozco and Marchese noted that the federal government is aiding. in public-private investment and two bills aimed at speeding up. licenses, however both have been postponed in congress.

• Italian regulator drops Ryanair case after $1.6 mln consumer refund promise

  Italy's antitrust authority ( AGCM) said on Thursday it had actually dropped a case against Ryanair after the lowcost airline committed to reimburse more than 1.5 million euros ($ 1.6 million) to clients who incurred in additional checkin costs. Ryanair Italy did not instantly respond to an ask for comment. The National Union of Consumers invited the statement from AGCM, but stated the regulator should have also fined the airline. The authority said it had opened an investigation in 2023 into possible unreasonable commercial practices after problems that Ryanair had actually misinformed guests about its online check-in policy. AGCM stated travelers were not properly notified about a. 55-euro surcharge for in-person check-in at the airport if they. missed a deadline for doing it online. It also discovered that clients who paid for top priority boarding. and a hand baggage allowance on their outgoing flight were. automatically charged for those services on their return flight. To settle the case, AGCM said Ryanair vowed to refund all. customers who throughout 2021-2023 submitted a problem about the. 55-euro surcharge, and pay back 15 euros or give a 20-euro. coupon to all passengers who paid the charge throughout the period. The airline company also vowed to offer clearer details about. online check-in deadlines, to no longer automatically use. outbound charges to return flights, and to refund travelers who. complained about those charges.