FedEx Overhaul Contemplates a Future With No Drivers on Payroll
FedEx Corp. is ripping up founder Fred Smith’s well-worn playbook as it rethinks virtually the entire business. That could mean the end of FedEx drivers as we know them.
Bloomberg Business
US Online Prices Decline for a Seventh Month on Annual Basis
Online prices in the US dropped 1.7% in March from a year earlier, the seventh-straight decline and the sharpest retreat in four months.
Cano Health’s Former Directors Call for CEO Change, Asset Sales
Three former directors of Cano Health Inc. called for the company to replace Chief Executive Officer Marlow Hernandez and improve governance, according to a letter reviewed by Bloomberg.
Dalai Lama Apologizes After Video Emerges of Him Kissing Boy
Tibetan Buddhism’s top spiritual leader apologized after a video circulated on social media that showed him kissing a young boy on the lips at a public event in India and where he also appears to have asked the boy to suck his tongue.
Debt, Rates and US-China Risks in Focus as IMF Meets This Week
(Bloomberg) — Investors are turning their focus to the world’s top finance ministers and central bankers assembling this week in Washington, looking for fresh clues on the outlook for everything from interest rates, banking stability and debt relief to oil prices and the testy US-China relationship.
Berlusconi Medics Say His Health Is Improving in Intensive Care
Silvio Berlusconi’s condition is improving, even as the former Italian prime minister continues to receive intensive care treatment, according to doctors at a Milan hospital.
Tanker Unloads Russian Crude in Ghana After Six-Week Wait
The tanker Theseus offloaded its cargo of Russian crude into storage tanks at Ghana’s Tema oil refinery over the weekend, after being anchored full off the port since Feb. 24 as it awaited permission to dock.
Iran Says Saudi Delegation Arrived to Reopen Embassy After Deal
A Saudi delegation arrived in Tehran on Saturday to plan for the reopening of the kingdom’s embassy in the Iranian capital, the latest step in a thaw of relations between the regional rivals.
Financial Chaos at 12,000 Feet: Dollars Are Vanishing in Bolivia
The line starts forming outside the central bank in downtown La Paz in the dead of the night. Hunkered down under blankets and sipping hot chocolate to fend off the chill at 12,000 feet up in the Andes, they wait for hours and hours for a chance to get their hands on what has perhaps become the hardest thing to find in all of Bolivia: dollars.
Iran Accuses US of ‘Warmongering’ After Submarine’s Deployment
Iran lashed out at the US after its rare move to disclose the deployment of a guided missile submarine in the Middle East over the weekend, amid heightened tensions and violence in the region.
