US Business

The company, which is sparing its executives from the cut, says it brings benefits in line with what other firms offer. One retiree: ‘If there isn’t a legal obligation, there certainly is a moral obligation.’

Washington and others had accused Germany of feeding global economic imbalances by hoarding savings and refusing to spend.

U.S. holiday spending rose 8.5% over last year, fueled by shoppers hitting physical stores early over worries about supply.

Lawmakers say 2022 is shaping up as a pivotal year in their efforts to tighten regulations on social media and other internet platforms.

The holiday weekend began with governments wrestling with whether to focus on containing the spread of Omicron or trying to mitigate its effects, as staff outages and self-isolation requirements continued to disrupt travel.

The Covid-19 variant is sidelining pilots and flight attendants, forcing airlines to cancel hundreds of flights during the Christmas holiday rush.

Four years since the kingdom lifted a ban on theaters, local rivals have moved ahead of the U.S. giant.

Chains were hit by online rivals, then the pandemic. Now, independent stores are back.

Only a quarter of seafarers are vaccinated, which constrains the movement of crews on and off ships as countries erect new barriers to travel.

Fewer people are dining in restaurants, and rising case numbers are leading many businesses to close for a short period.