Italian state-owned postal company Poste Italiane posted a net profit of €2.0m ($2.2m) for the first half of 2003, compared to a net loss of €61.9m ($68.6m) for the same period of 2002, it was reported on September 5, 2003.
Read MoreAnxious ministers will exert strong pressure on Communication Workers Union leaders in Brighton this week to resume talks with the Royal Mail before a pay ballot commits the CWU to the first national postal strike for seven years.
Ministers, Royal Mail execu tives and union leaders are acutely aware that the ballot result is only nine days away and could lead to an all-out strike by 160,000 postal workers which, according to Allan Leighton, Royal Mail chairman, could last into next year.
Read MorePostcomm has begun a 30-day consultation on the proposed issue of a long term licence to Deutsche Post Global Mail (UK) Ltd to provide bulk mail, consolidation and enhanced document exchange services.
Deutsche Post currently holds a short-term interim postal licence for similar services. This will be revoked by consent if a standard licence – which will last a minimum of seven years – is granted. If issued, the new licence will contain a requirement for Deutsche Post to separate its accounts for its UK licensed business and its home market.
Read MoreThe Vietnam Post and Telecommunications Corporation has completed its plan to provide public access to the internet at post offices.
Over 800 offices with Internet service will be established. All first grade post offices, offices at the provincial and township levels, will be equipped with five computers each.
50% of all second grade post offices, those at the district level, will be furnished with two computers each, and 10% of third grade post offices, those at the commune and ward levels, will have one computer each. The corporation has also fixed charges of 3,000 VND/ hour for first and second grade post offices and 2,300/ hour for third grade post offices.
Read MoreThe Post Office is set to unveil a range of financial products in a direct challenge to banks, building societies and other providers.
Post Office bosses are convinced they will be able to poach millions of disillusioned banking customers because of the easy availability of branches – it has more than 17,000 outlets.
This week, the Post Office will introduce an unsecured personal loan which will be followed by a range of core products including mortgages, credit cards and life and home insurance.
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