Deutsche Post DHL confirms operating profit guidance of 5 billion euros for 2020

Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…

SoftBank commits $40 billion to second Vision Fund

SoftBank’s second fund has already secured funding from Standard Chartered Plc and Goldman Sachs Group Inc. According to a report from the Wall Street Journal, Japan’s SoftBank Group Corp will invest $40 billion in its second Vision Fund. SoftBank’s board will meet on Thursday to approve the commitment. SoftBank’s first, $100 billion Vision Fund was…