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Striking Boeing defense workers vote on new contract

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Striking Boeing defense workers vote on new contract


FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025.

Benoit Tessier | Reuters

Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s production of F-15 fighter jets and other programs.

The workers rejected previous offers, with their union saying the proposals failed to address concerns.

The contract proposal the workers are voting on Thursday includes 24% wage increases over five years as well as a $6,000 upfront bonus, up from $3,000, though it gets rid of a previous Boeing proposal for $4,000 in payments later on.

The mostly St. Louis-based workers, represented by the International Association of Machinists and Aerospace Workers District 837, went on strike on Aug. 4, their first stoppage since 1996.

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Boeing’s defense unit accounted for about 30% of the $65.5 billion in sales Boeing brought in during the first nine months of 2025.

“The strike impacted our fighter production, so F-15, F-18 mods as well as some of our munitions work,” CEO Kelly Ortberg said at a Morgan Stanley investor conference on Sept. 11.

Boeing brought in non-IAM-represented workers during the strike for some of its products, Ortberg said last month.

If the new contract is ratified, the union workers would return as early as Sunday.

The defense-unit’s comes about a year after more than 32,000 unionized machinists who build commercial aircraft walked off the job for seven weeks after failed contract talks last year.



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No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?

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No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?


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Probate of wills is no longer mandatory in Mumbai, Chennai and Kolkata after Parliament amended Section 213 of the Indian Succession Act, 1925.

ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata

ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata

The probate of wills is no longer mandatory now in Mumbai, Chennai and Kolkata. The Indian government has brought amendment into Section 213 of the Indian Succession Act, 1925 under the Repealing and Amending Act, 2025.

Probate is a court’s legal confirmation that a will is valid. It allows the executor to distribute the deceased person’s assets.

Parliament passed the Repealing and Amending Act, 2025, which deletes Section 213, ending the requirement of mandatory probate for wills in Mumbai, Chennai, and Kolkata.

The government argued that the rule was a colonial-era provision, discriminatory, and causing unequal treatment between communities and regions.

What does this mean for heirs now?

Heirs of Mumbai, Chennai and Kolkata can claim property without probate like in other parts of the country. Banks, registrars and authorities may accept the will directly.

The process becomes faster, cheaper and less court-driven.

However, probate is still required in case there is a dispute over the will. The matter then can be proceeded with in the court for resolution.

Why was mandatory probate only for Mumbai, Chennai & Kolkata?

The mandatory probate was applicable only for these three cities, which reflects a remnant of the colonial era. The British created special succession rules only for these cities.

During British rule, Mumbai (Bombay), Chennai (Madras) and Kolkata (Calcutta) had Presidency High Courts.

Muslims and Christians were already exempt from mandatory probate even in these cities. This Section only applied over Hindus, Buddhists, Sikhs, Jains and Parsis.

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KSE-100 Index surges past historic mark – SUCH TV

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KSE-100 Index surges past historic mark – SUCH TV



The Pakistan Stock Exchange (PSX) continued its upward trend on Wednesday, with the benchmark KSE-100 Index crossing over the historic 175,000-point milestone in early trading.

During the trading session, the KSE-100 Index rose by over 700 points, reaching a high of 175,232 points, its highest level ever.

Earlier in the day, the index had climbed 208 points to 174,681.

At the close of trading on Tuesday, the KSE-100 Index had ended at 174,472 points, highlighting the market’s continued bullish momentum as the year comes to a close.

Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation.

Index-heavy stocks, including HUBCO, MARI, POL, PPL, OGDC, PSO, HBL, MEBL and MCB, traded in the green.



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Asian stocks today: Markets trade mostly in red on last trading day of 2025; HSI sheds over 200 points, Kospi flat – The Times of India

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Asian stocks today: Markets trade mostly in red on last trading day of 2025; HSI sheds over 200 points, Kospi flat – The Times of India


Asian markets slipped mostly into red on Wednesday, the final trading session of 2025, as investors remained cautious ahead of the New Year holiday and took cues from Wall Street losses.In Hong Kong, HSI slipped over 224 points to 25,630. Nikkai was also trading at a loss, shedding 187 points or 0.3%. Shanghai and Shenzhen were also down 0.07% and 0.67% at 10:35 AM IST. South Korea’s Kospi was also down 6 points to trade at 4,214. With the holiday season keeping participation low, trading volumes across the region remained thin. Commodities offered a steadier picture, with precious metals holding their ground after retreating from record levels seen earlier in the week. The uneven performance followed a muted session in the United States, where major Wall Street indices finished slightly lower on Tuesday. Investor unease over stretched valuations in artificial intelligence (AI)-linked stocks continued to weigh on sentiment. Even so, US markets were still set to deliver solid gains for the full year, a trend mirrored across much of Asia. Regional markets benefited from a combination of easing monetary conditions and a powerful rally in technology shares. In China, fresh official data showed factory activity edged up marginally in December, offering a rare positive signal at the close of an otherwise subdued year for the world’s second-largest economy. A key driver of the year’s global market strength has been the US Federal Reserve’s shift towards monetary easing in the latter half of 2025, alongside a flood of investment into AI-related technologies. Minutes from the Fed’s December policy meeting revealed that most officials consider further interest rate cuts appropriate, provided inflation continues to cool as anticipated. Precious metals have been among the most volatile assets in recent days, lifted by their demand as safe-haven investments amid ongoing geopolitical tensions. Gold and silver both touched record highs last week before pulling back.



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