Deutsche Post latest company to scrap 2020 guidance due to global pandemic

Frandfurt — Deutsche Post on Tuesday became the latest company to abandon its profit goals for the year.

The German multinational package delivery and supply chain management company withdrew its 2020 guidance, saying the situation had worsened in March when all its divisions were affected by shudowns due to the global spread of the pandemic. The company said the coronavirus shutdowns had caused its business to drop below internal forecasts by €50m in February and by €150m in March, forcing it to scrap its guidance for the year.

Group earnings before interest and taxes are expected to be about €590m in the first quarter, it said, adding that it plans to disclose quarterly earnings on May 12.The company also said it will postpone its annual general meeting, which was due to be held on May 13, to a later date. A virtual meeting will be held instead, it said.

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Africa could lose 20 million jobs due to pandemic - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink in 2020 due to the impact of the coronavirus pandemic, according an African Union (AU) study. U are part of the problem. You're proud to call this nonsense news... You know its blacks... mostly South Africans Thought there was no jobs nje 🤦‍♂️😥😥
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