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  • Reuters

    Warren Buffett says taxes may rise to offset widening US deficits

    Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. "I think higher taxes are likely," he said on Saturday at Berkshire Hathaway's annual shareholder meeting in Omaha. The Congressional Budget Office has estimated in its latest long-term budget projections federal deficits will rise to 8.5% of gross domestic product in fiscal 2054 from 5.5% in fiscal 2024.

  • Reuters

    WestJet issues 72-hour lockout notification to its tech ops union AMFA

    The company said that a work stoppage could occur as early as May 7 unless a deal is reached with AMFA. The 72-hour lockout notice does not mean travel disruption will occur, WestJet said in a statement, adding that in the coming days it will take necessary action to manage impacts.

  • Reuters

    UPDATE 1-WestJet issues 72-hour lockout notification to its tech ops union AMFA

    Onex Corp's WestJet on Saturday said that it has issued a 72-hour lockout notification to its technical operations union ‍Aircraft Mechanics Fraternal Association (AMFA). The company said that a work stoppage could occur as early as May 7 unless a deal is reached with AMFA. The 72-hour lockout notice does not mean travel disruption will occur, WestJet said in a statement, adding that in the coming days it will take necessary action to manage impacts.