LONDON (AP) — German submarine-hunting planes will patrol the North Atlantic from a base in Scotland under a new Britain-Germany defense pact in response to the growing threat from Russia, officials said. Defense ministers from Britain and Germany will sign the agreement in London on Wednesday in what officials call the first such defense pact … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The government of France is taking a small stake in Sanofi’s consumer healthcare business as the French pharmaceutical group nears a politically sensitive deal to hand control of the unit to US private equity group … Read more
Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide workers with air-conditioned trucks. The new agreement, which still needs to be ratified by union members, runs through November 2026. Letter carriers have been working without a new contract since … Read more
“ By David Shepardson (Reuters) – Striking machinists at Boeing will vote on a new contract proposal on Wednesday, which includes a 35% pay hike over four years that could potentially end a costly strike that has been ongoing for five weeks, as announced by the company and union on Saturday. Approximately 33,000 of Boeing’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The union representing 33,000 striking Boeing machinists said on Saturday that it had reached a tentative agreement to end a month-long work stoppage that has crippled the plane maker. The International Association of Machinists and … Read more
Warren Buffett is increasing his investment in Sirius XM Holdings Inc., as Berkshire Hathaway Inc. continues to purchase more shares of the radio broadcasting company for its portfolio. According to regulatory filings, the conglomerate bought $42 million worth of shares over the course of three days last week. Currently, Berkshire Hathaway holds a stake of … Read more