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The Cuban flag has flown proudly over Havana’s newly restored embassy as the USA and Cuba relaunched diplomatic ties but swiftly cautioned that sharp differences lingered after five decades of enmity.

The United States and Cuba quietly ushered in a new era of post-Cold War relations on Monday, formally restoring diplomatic ties severed more than five decades ago and re-establishing embassies in each other’s capitals.

The US was represented by Assistant Secretary of State for Western Hemisphere Affairs Roberta Jacobson, who led US negotiators in six months of talks leading to the July 1 announcement, and Jeffrey DeLaurentis, the chief of the U.S. Interests Section in Havana who will now become...

“We understand that Cuba has strong feelings about it and I can’t tell you what the future will bring but for the moment that is not part of the discussion on our side”, Kerry said.

In Havana, the USA embassy was also reopened for business with no outward sign of change.

“In the face of a tough competitive environment, driven mostly by currency and greater competitive activity, we are leveraging our many strengths and meeting the challenge head on”, said Matt Levatich, president and chief executive of Harley-Davidson.

“The addition of the unit will be seen as a complementary piece to Lockheed Martin’s defense business, which counts the F-35 fighter jet in its product stable, and will deepen Lockheed Martin’s footprint as the largest defense contractor”, Briefing.com said.

United Technologies Corp. officially announced Monday morning that it has reached an agreement to sell Stratford-based Sikorsky Aircraft to Lockheed Martin Corp. for billion in cash.

Lockheed’s strategic review, meanwhile, will focus on alternatives for its government IT and technical services businesses.

An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Elizabeth City went out to scene and hoisted everyone aboard to safety.

On July 20, the Federal Reserve announced it will require eight banks to keep $200 billion on hand as part of a plan to keep a global financial collapse at bay in the event of a capital emergency.

This story corrects that total job growth was 600 jobs as private sector increase was 2,600 jobs.

The unemployment rate in Connecticut in June was 5.7 percent, down from 6 percent in May.

The Danbury labor market area continued to post the lowest unemployment rate in the state, coming in at 4.3 percent – a drop of eight tenths of a point from the 5.1 percent reported in June 2014.

Citigroup has been hit with a $70m (£45m) fine and ordered to pay $700m in remediation to customers after a review into how it sold credit card products.