A new stamp of 2. 2 euro (USD2. 669) for priority mail will go on sale on June 26, 2004 in Italy.
The stamp will be used for parcels weighing between 250 and 350 grams, which are to be urgently sent in Italy. It will have a golden frame and a circle with the letter P in the centre. The background will be red. One sheet will contain 40 of the new 2. 2 euro stamps.
Read MoreAustralia Post has lifted its game in ensuring standard letters arrive on time, according to a report by auditor KPMG.
In its annual review of Australia Post’s performance, KPMG found 95.3 per cent of letters were delivered on time or early during the first three months of 2004.
Read MoreThe Minister of Economic Affairs has informed TPG that he has granted TPG’s appeal to the temporary tariff freeze. The Minister said that there is no sufficient legal basis for the tariff freeze decided in the Postal Law. This sets aside the administrative decision, which stipulated that the individual rates for mandatory postal services covered by the price control system in force at the time, could not be increased until 1 January 2005. The Minister proposed in his Postal Vision sent to Parliament on 1 April 2004 (due for parliamentary discussion on 28 June 2004) that the temporary tariff freeze will be extended until year-end 2006.
Read MoreDeutsche Post has blamed the leak of a Deutsche Bank internal memo in part for the delay in its initial public offering and its decision to cut share prices of its Postbank subsidiary.
Deutsche Post CEO Klaus Zumwinkel told reporters in Frankfurt that a Deutsche Bank memo on Postbank’s valuation leaked to the media had “quite some” impact on the decision.
Read MoreDeutsche Post World Net AG reiterated the German government, its majority owner, and the rest of shareholders will not receive a special dividend from the capital raised through the IPO of banking arm Postbank AG.
‘There will be no special dividend,’ Deutsche Post CEO Klaus Zumwinkel told a news conference.
Read MoreRoyal Mail chief executive Adam Crozier has begun legal action against Channel 4 over its controversial Dispatches documentary which claimed that postal workers had intercepted mail and stolen credit cards and other valuables.
Crozier, who is battling to restore public trust in Royal Mail’s integrity, has instructed London law firm Schillings to sue Channel 4 and seek an explanation and apology from the programme makers. In an exclusive interview, Crozier told the Sunday Herald that Royal Mail had obtained evidence from Barclaycard that the stolen cards featured in the programme were never in the postal system, but had been delivered via courier firms.
”These facts fundamentally undermine the allegation that these cards were stolen by an organised gang working for Royal Mail,” he said.
Read MoreDeutsche Post said it would extend the subcription period for the initial public offering of a stake in its Postbank subsidiary by two days and cut the price for the shares in Germany’s largest retail bank.
The date for the shares to begin trading was pushed back to Wednesday, instead of Monday, with the subscription period ending Tuesday.
Read MoreFedEx Corporation congratulates the United States and the People’s Republic of China on the new aviation accord signed by government officials from the two countries.
“This new agreement will boost international commerce,” said Michael L. Ducker, executive vice president, International for FedEx Express. “This marks a big step for China in sustaining its robust economic development by establishing stronger international trading links. These new flights will greatly enhance the ability to connect customers all over the world with the dynamic Chinese marketplace.”
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