PARIS / AFP France and Britain have inked a deal to invest more than two billion euros in the development of next generation combat drones, Paris said in a statement. Following a two-year feasibility study begun in 2014, “we hope to proceed to the next phase in 2017 to prepare for the full-fledged development of operational demonstrators of air combat ...

Frankfurt / AFP Sports giant Adidas said that it expects revenues and profits this year to rise by 10-12 percent as the current consumer boom in Germany continues. “Group sales are expected to increase at a rate between 10 and 12 percent on a currency-neutral basis in 2016,” the German sportswear and equipment manufacturer said in a statement. “The positive ...

NEW YORK / AP Costco is raising entry-level wages for its hourly workers for the first time since 2007 as the warehouse club operator fights to compete in a tighter labour market. The company told investors that it will pay workers $1.50 more per hour in the US and Canada effective this month. Workers will now earn at least $13 or ...