Royal Mail Workers to Get 10% Raise to End Long Dispute
The UK’s Royal Mail said workers will get a 10% salary increase over several years as part of a final deal with the Communications Workers Union that draws a line under a year-long pay dispute.
Bloomberg Top News
Tycoon Mike Lynch Set to Be Sent to US After Losing Appeal
UK tech tycoon Mike Lynch is set to be extradited to the US to face criminal charges over the sale of his Autonomy Corp. to Hewlett Packard after British courts closed the door on any future UK appeals.
Sunak Deputy Quits After Probe Finds Abrasive Treatment of Staff
UK Deputy Prime Minister Dominic Raab resigned after an independent investigation criticized his “abrasive” treatment of civil servants, drawing a line under a months-long saga that threatened to undermine Prime Minister Rishi Sunak’s pledge to restore professionalism to the government.
Russia’s Putin and Saudi Crown Prince Discuss OPEC+ Cooperation
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman talked about OPEC+ cooperation by phone, the Kremlin said.
Tesla Investor Group Says Overcommitted Musk Is Hurting EV Maker
A group of Tesla Inc. investors has accused the company of mismanagement and is seeking a meeting with its board to discuss the performance of Chief Executive Officer Elon Musk.
Insurers Quit CBI as UK Lobby Group Faces Second Rape Claim
Insurers Aviva Plc and Phoenix Group Holdings Plc have canceled their memberships of the Confederation of British Industry amid a widening scandal at the lobby group.
US Futures Slip Amid Mixed Earnings, Economic Data: Markets Wrap
US futures and European stocks wavered amid mixed corporate earnings and as traders parsed the latest data for clues on the outlook for inflation, economic growth and the Federal Reserve’s Policy path.
Vatican Says Disclosing Emails in Court Clash Is a ‘Grave Sin’
A Vatican official said it would be a “grave sin” if the church was forced to turn over texts and emails in a UK trial stemming from a London real estate deal.
Russian Arms Sales to India Stall on Fears Over US Sanctions
Russian deliveries of military supplies to India have ground to a halt as the countries struggle to find a payment mechanism that doesn’t violate US sanctions, according to Indian officials with knowledge of the matter.
Todd Boehly Says Mistakes Made in First Year at Chelsea FC
Todd Boehly said mistakes had been made in his first year as co-owner of Chelsea FC, as he addressed a room of bankers and associates just days after the club was dumped out of Europe’s elite football competition.