FedEx, which has more than 660 aircraft, says TNT’s road network – connecting more than 40 countries and more than 550 delivery depots – will be “highly complementary”

FedEx has struck a deal to acquire struggling rival TNT Express for €4.4 billion, ramping up the US delivery group’s presence in Europe and send(...)

FedEx said it will pay €8 in cash per ordinary TNT Express share, a premium of 33 per cent over TNT’s closing price of 6 euros on the Amsterdam exchange on April 2nd. (Photograph: Mario Anzuoni/Reuters)

Package delivery company FedEx Corp will buy Dutch logistics company TNT Express to expand package deliveries in Europe, the companies said. FedEx sa(...)

For your diary

TODAY Results: Aryzta. Indicators: US industrial production (Feb), capacity utilisation (Feb) and net long-term TIC flows (Jan); UK consumer price ind(...)

Jerry’s Sno Cones: a taste of the 1970s. Photograph: Chris Carmichael/New York Times
Weekend in . . . Memphis

Maybe even more Music City than Nashville, its country cousin to the east, Memphis has strong affiliations with not one musical genre but three. It(...)

Richard Liu, chairman and chief executive of JD.com, playfully kisses the hand of employee Li Quan, as he borrows his delivery tricycle for some publicity. JD.com has emerged as a Chinese online goliath with a model that echoes that of Amazon. Photograph: Sim Chi Yin/New York Times

Just about every June, on the anniversary of his company’s founding, Richard Liu dons a big motorcycle helmet and red uniform, hops on a three-wheeled(...)

Bank of Ireland climbed 2.21 per cent to 32.4 cents. Volumes were decent, with 292 million shares changing hands

Markets bounced back from an earlier slide as hydrocarbon and mining stocks regained some momentum following increases in oil and metals prices.Hopes(...)

A FedEx  cargo plane waits to be loaded. FedEx profits have not met expectations.

FedEx posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outl(...)

Some of  ASL Aviation’s clients include DHL, Fedex and the French postal service. Photograph: Mannie Garcia/Bloomberg

Irish airlines group ASL Aviation expects its turnover to hit €400 million a year on the back of an acquisition that it has just completed.Dublin-bas(...)

European Commission president Jean-Claude Juncker gives a press conference a week after the Luxembourg leaks. Photograph: EPA/Olivier Hoslet

Luxembourg’s government was taken by “complete surprise” by the number of files in a report last week detailing hundreds of secret deals that allegedl(...)

 Graeme McDowell  plays his second shot in to the ninth hole during the first round of the WGC - HSBC Champions at the Sheshan International Golf Club in Shanghai, China. Photoghraph: Ross Kinnaird/Getty Images

Patrick Reed hit the headlines for the wrong reasons in Shanghai on the opening day of the WGC-HSBC Champions event. While playing partner Graeme McDo(...)