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UBS overhauls pay policy for 10,000 employees

UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported on Sunday. Employees working in the Swiss bank’s “corporate center”, which...

Poland to buy US rocket system for $414 million

Poland said Sunday it will buy mobile rocket launchers worth $414 million (365 million euros) from the United States, as Warsaw seeks closer ties with Washington amid concerns over a resurgent Russia. The deal, due to be signed Wednesday, will "significantly increase the Polish army's...