One person died and 29 are missing after a ship capsized and quickly sank in stormy Persian Gulf waters off the Qatari capital Doha, the vessel’s operator said.

Citing heavy losses and fierce competition, the overnight-delivery giant DHL is cutting 9,500 American jobs and significantly reducing its air and ground operations in the U.S. DHL’s retreat will enable UPS Inc. and FedEx Corp. to further expand their combined 80 percent share of the U.S. market. DHL has about 5 percent of the market.