FedEx

UK blames North Korea for cyberattack that crippled hospitals

London - Muslimchronicle

Britain on Friday blamed North Korea for a ransomware attack this year that a new report revealed affected a third of English hospitals and could have been prevented with “basic” IT security. “This attack, we believe quite strongly that it came from a foreign state,” Ben Wallace, a junior minister for security, told BBC Radio 4’s Today program. “North KoreaRead more

Spieth rides hot putter to share of Northern Trust lead

Charlotte - Muslimchronicle

Jordan Spieth caught fire on the greens Friday as he seized a share of the halfway lead at the Northern Trust, the first tournament in the PGA Tour's FedEx Cup playoffs. Spieth made seven birdies included five in a row at the start of the back nine in a five-under par 65 that gave him a six-under total of 134.Read more

US businesses defend Gulf airlines

Washington - Muslimchronicle

A coalition of transportation and tourism businesses on Monday called on the US government to preserve aviation agreements with Gulf nations despite accusations of unfair trade by major US airlines. Businesses including courier service FedEx, budget air carrier JetBlue and hotel giant Wyndham, oppose calls from Delta, American Airlines and United to renegotiate Open Skies agreements with Qatar and theRead more

FedEx expects rebound in Ground unit as e-Commerce fuels expansion

Dallas - Arab Today

FedEx said investments to expand its ground-delivery business are finally poised to pay off, while a major expansion in Europe will produce greater returns sooner than expected. The current quarter will yield "excellent” results as profit margins widen at the ground unit, Chief Executive Officer Fred Smith said on Tuesday on a conference call with analysts. Integration of TNT Express,Read more

Amazon pumping nearly $1.5 bn into US air freight hub

San Francisco - Arab Today

Online retail colossus Amazon on Tuesday said it will strengthen its distribution muscle, and create US jobs, by building its first air freight hub, an investment of nearly $1.5 billion. A hub for the company's growing fleet of Prime Air cargo planes will be built at an airport in northern Kentucky, adding more than 2,000 workers to the approximately 10,000Read more

FedEx close to wrapping up TNT buyout

The Hague - AFP

US delivery giant FedEx now owns over 98 percent of Dutch rival TNT, the two companies announced Thursday as they move to complete a key $4.4 billion tie-up after winning EU approval. The deal unveiled in April 2015 came two years after the European Commission, the European Union's powerful executive arm, had torpedoed a bid by FedEx's US rival UPSRead more