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The Latest Breaking News from USO

‘Don’t make panicked cuts’: proposed Royal Mail shake-up worries businesses

Card retailers and publishers voice concerns over changes that could lead to as few as three letter delivery days a week

The Guardian - UK

Crude Oil: Is the Bullish Trend Our Friend?

NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends.

Barchart

UK PM Sunak Defends Royal Mail Delivery Obligation

British Prime Minister Rishi Sunak on Wednesday pledged to maintain Royal Mail's obligation to deliver letters six days a week, despite calls for less frequent service to slash costs.

International Business Times

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UK factories hit by Red Sea crisis, but recession could be avoided – as it happened

Manufacturing supply chains were impacted by longer wait times for container freight during January in the wake of the Red Sea crisis

The Guardian - UK

Royal Mail services may be about to change: how do other countries handle postal services?

UK’s Royal Mail braced for review result as Saturday letter deliveries expected to be cut

The Guardian - UK

Royal Mail’s Saturday letter service should stay, says Downing Street

Regulator due to lay out options for future as operator claims six-day service is unsustainable

The Guardian - UK

Ofcom to set out possible Royal Mail reforms – and Saturday deliveries could end

Regulator’s review will look at evidence and options on how universal postal service ‘might need to evolve’

The Guardian - UK

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Royal Mail hails best Christmas for four years – but staff miss £500 bonus

Delivery company says nearly all festive deliveries arrived on time and its revenues rose

The Guardian - UK

Dead letter office? Royal Mail wrestles with a difficult future

In private hands, the postal service has become a graveyard of management ambitions, beset by discontent and decline. Can yet another new boss save it?

The Guardian - UK

Ofcom hits Royal Mail with a regulatory twig

Regulator’s paltry £5.6m fine suggests it is waiting for the company’s universal service obligation to be reformed

The Guardian - UK

How does the US Postal Service serve rural Americans?

Postal service has rebounded to pre-pandemic performance levels. But the financial future of USPS presents ongoing challenges, particularly in rural communities.

USAFacts

Let Royal Mail drop letters on Saturdays. Also make it hit weekday targets

With letter volumes plunging, most Britons would probably settle for a more reliable five-day service

The Guardian - UK

First-class UK stamp to rise by 15p in October to £1.25

Third increase in 18 months delivers new blow to hard-pressed firms and consumers

The Guardian - UK

Royal Mail hopes to end Saturday letter deliveries as watchdog seeks evidence

Ofcom consults on universal service obligation, which requires deliveries to all UK addresses six days a week

The Guardian - UK

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The Independent UK

Prince Harry teases fans at surprise ‘Heart of Invictus’ screening appearance in California

Duke of Sussex’s new documentary series launched on Wednesday in US and UK

Barchart

How High Will Oil Prices Rise?

Nearby WTI and Brent crude oil futures settled at $70.64 and $74.90, respectively, at the end of Q2 2023. WTI futures were 6.65% lower in Q2 and fell nearly 12% over the first half of 2023. Brent fell 6.25% in the second quarter and was almost 12.75% lower over the…

Bangkok Post

NBTC to install digital networks at border clinics

The National Broadcasting and Telecommunications Commission (NBTC) plans to install telecom networks in sub-district hospitals in border areas, with a budget of up to 3.8 billion baht under its Universal Service Obligation (USO) scheme.

Evening Standard

Government rejects Royal Mail request to stop Saturday deliveries

The Government has rejected a request from the Royal Mail to halt Saturday deliveries after a wave of strikes and slump in demand for parcel deliveries.

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The Guardian - UK

UK government rejects Royal Mail request to end Saturday deliveries

Company lobbied for removal of obligation, claiming six-day service is financially unsustainable

Bangkok Post

Board of NBTC scraps telehealth

Board members of the National Broadcasting and Telecommunications Commission (NBTC) last week voted 4:3 to scrap the regulator's plan to develop the telehealth project valued at 3.8 billion baht on the grounds that the project is not in line with the objective of the NBTC's budget spending under its Universal…

The Guardian - UK

With strikes behind them, get ready for Royal Mail’s next battles

The company’s position looks a little stronger now, but other big issues remain

Chronicle Live

Royal Mail faces probe as MPs accuse it of failing to deliver letters six days a week

Ofcom to consider report after saying that postal service's recent performance was "clearly well short of where it should be"

The Guardian - UK

Royal Mail makes its political headache worse

Chief executive’s answers to MPs suggest regulatory headaches may await firm beset by industrial action

Chronicle Live

Scrapping Saturday letter deliveries could save £250m, figures show

Projected savings are higher than Ofcom's calculations and could slash the company's annual loss by more than half

Kiplinger

5 Best Commodity ETFs to Buy Now

These commodity ETFs provide exposure to a broad basket of raw materials via futures contracts. But their relative complexity comes with higher fees.

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People

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