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Airbus CEO Warns Compulsory Layoffs May Follow

Airbus CEO Warns Compulsory Layoffs May Follow

PARIS — European planemaker Airbus will do its best to cut costs without resorting to compulsory redundancies, but it cannot guarantee they won’t happen, CEO Guillaume Faury told French radio station RTL on Tuesday.

With air travel at a fraction of its normal level due to restrictions and trave…

US and UAE Aim to Agree on F-35 Deal by December: Report

US and UAE Aim to Agree on F-35 Deal by December: Report

WASHINGTON — The United States and the United Arab Emirates hope to have an initial agreement on the sale of F-35 stealth fighter jets to the Gulf state in place by December, as the Trump administration studies how to structure a deal without running afoul of Israel.

Sources close to the negoti…

Swedish Government Decides to Further Boost Defence Spending

Swedish Government Decides to Further Boost Defence Spending

The Swedish government has proposed to parliament that the defence sector should be allocated an additional SEK 5 billion in 2021.

The decision also concludes that the previous decisions of additional SEK 5 billion annually towards defence over the next five years (until 2025) remains in place.


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