UPS to cut 12,000 jobs as delivery demand slows
UPS announced plans to cut 12,000 jobs this year due to weak shipping volumes, a plan the shipping giant says will save the company $1 billion. The company announced at its financial results conference on Tuesday that average daily domestic shipments decreased by 7.4% and domestic shipments decreased by 8.3%. UPS announced fourth-quarter sales of […]
China’s hundred-year marathon slows to a crawl amid economic woes and record-low birth rate
China's ambitions to complete the hundred-year marathon, overtake the United States and become a global hegemon by 2049 are becoming increasingly fanciful. The economic and social problems faced by the Asian country in the immediate aftermath of the pandemic have not yet been resolved. In fact, the situation continues to worsen. Collapse of the one-child […]