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Economy

With Bid For TNT, Parcel Giant UPS Sets The Stage For Industry Power Shift

Amsterdam-based parcel delivery company TNT Express is struggling and looks ripe for a takeover. American giant UPS has already made a bid. TNT has refused the offer, but it may just be a matter of time before UPS – or its arch rival, FedEx – scoops it up

TNT, a Holland-based express delivery company, could soon lose its autonomy (vauvau)
TNT, a Holland-based express delivery company, could soon lose its autonomy (vauvau)
Birger Nicolai

BERLIN -- Marie-Christine Lombard hasn't been in her job as CEO of TNT Express, the international express delivery company, for a year yet, but she may soon be looking for another job. If United Parcel Service (UPS) really does take over the Hoofdorp (Amsterdam)-based TNT, as the U.S. company plans to do, Lombard's days at the head of the company are numbered.

UPS is offering 5 billion euros for TNT, whose management has refused the offer. But it could just be a matter of time – and maybe a higher offer. Another possibility is that FedEx, UPS's arch-rival, engages the latter in a bidding war. Either way, TNT – as has been predicted for some time – is likely to lose its autonomy.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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