Algeria seeks to lure tourists to neglected cultural, scenic glories
ORAN, Algeria — Algeria wants to lure more visitors to the cultural and scenic treasures of Africa’s largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighboring Morocco and Tunisia. The giant…
CEOs got hefty pay raises in 2023, widening gap with workers they oversee
New York — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets….
Nigerian unions launch strike over failed minimum-wage negotiations
Abuja, Nigeria — Labor unions in Africa’s most populous nation on Monday launched an indefinite strike, crippling the electrical grid and shuttering airports, after Nigerian government officials failed to accept a new minimum-wage deal amid the worst cost-of-living crisis in…
Resurgent airlines soar towards passenger, revenue records
Dubai, United Arab Emirates — Airlines will fly almost five billion passengers in 2024 and revenues will near $1 trillion, both record highs, trade body IATA said on Monday as the industry roars back after the pandemic. The International Air…
OPEC+ agrees to extend output cuts to buttress oil prices
Vienna, Austria — The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as economic and geopolitical uncertainty looms over the market. The 12-member oil cartel and its 10 allies decided…
Next Boeing CEO should understand past mistakes, airlines boss says
DUBAI — The next CEO of Boeing BA.N should have an understanding of what led to its current crisis and be prepared to look outside for examples of best industrial practices, the head of the International Air Transport Association said…
ILO: Global unemployment rate falls slightly, but labor inequality persists
The global unemployment rate will fall slightly, according to a new report by the International Labor Organization, or ILO. The report also states that labor market inequalities continue to persist, particularly for women in low-income countries. The report, “World Employment…
Employees of Samsung Electronics announce first-ever strike
More than 28,000 employees of South Korea’s Samsung Electronics will stage a one-day walkout next week over demands for better pay and benefits. The National Samsung Electronics Union announced the June 7 strike date Wednesday during a live-streamed news conference….
US announces measures to help over 11,000 Cuban small businesses
WASHINGTON — The United States announced regulatory changes on Tuesday to increase support for the Cuban people and independent private sector entrepreneurs. The changes will enable more U.S. financial support for small private businesses in Cuba, enhance internet-based services on…
Major retailers are offering summer deals to entice inflation-weary shoppers
NEW YORK — Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather. Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary…