Milaha earnings sink 34% in 2017

Qatar Navigation (Milaha) recorded a net profit of 469.8 million Qatari riyals (U.S. $129.1 million) for the year, as operating revenues slipped 2.4 percent to QAR 2.49 billion, according to the company’s most recent financial statements.

UPS sues EU over scuttled TNT deal

Atlanta-based integrator United Parcel Service Inc. (UPS) is seeking 1.7 billion euros (U.S. $2.1 billion) in damages after regulators in the EU vetoed its acquisition of European parcel carrier TNT Express, according to multiple media reports.