Author: Richard Weiss

Deutsche Post AG reported record earnings as its DHL express-delivery arm benefited from a surge in home shopping spurred by the coronavirus crisis.

Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.

The worst may be over for global trade as tensions over Brexit and the U.S.-China relationship show signs of easing, according to John Pearson of DHL Express.

Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000.