No more chicken Big Macs – EU court rules against McDonald’s in trademark case
Brussels — McDonald’s MCD.N does not have the right to use the term “Big Mac” for poultry products in Europe after not using it for them for five consecutive years, the region’s second top court said on Wednesday, a partial…
US farmers opt for soy to limit losses as all crop prices slump
Chicago — Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs offered him the best chance of turning a profit…
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….