Logistics giant UPS said Tuesday it would cut about 12,000 jobs worldwide, shortly after reporting quarterly revenues that disappointed analysts. In a conference call, CEO Carol Tome said the company was seeking to "align" its resources with UPS' priorities, adding that the cuts would save it around $1 billion in costs this year.

Logistics giant UPS says it will cut 12,000 jobs, closes challenging year

Port operations in South Africa's Cape Town remain affected following a cyber-attack last week that hit the country's key port terminals. The attack began on July 22 and lasted for days, forcing Transnet to switch to manual systems.

South Africa's port operations remain disrupted days after cyber attack

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Logistics giant UPS says it will cut 12,000 jobs, closes challenging year

South Africa's port operations remain disrupted days after cyber attack