Business
More Than a Day Off: The True Meaning of Labour Day
Labour Day honours workers’ struggles, achievements, and ongoing fight for rights and dignity.

Every year on May 1st, countries around the world commemorate Labour Day, also known as International Workers’ Day, to recognize and celebrate the achievements and struggles of the working class. Rooted in the labor union movement’s fight for fair working conditions, Labour Day is more than a public holiday—it is a powerful reminder of the historical sacrifices made by workers to secure the rights many enjoy today.
Labour Day has its roots in the labor movement of the late 19th century in the United States. The most defining moment was the Haymarket Affair in Chicago on May 4, 1886, when a peaceful rally supporting workers striking for an eight-hour workday turned violent after a bomb was thrown at the police. Several people, including police officers and civilians, were killed.
The rally was part of a broader movement, and May 1, 1886, marked the beginning of a nationwide strike demanding an eight-hour workday. The violence and its aftermath sparked global solidarity among workers, and by 1889, the Second International, a federation of socialist and labor parties, declared May 1st as International Workers’ Day to honor those who died in the Haymarket incident and to further the cause of workers’ rights.
Why Labour Day Matters
Labour Day symbolizes the ongoing struggle for better wages, reasonable working hours, safe workplaces, and the right to unionize. It is a day to reflect on the journey of labor reforms and the continuing challenges faced by workers in many parts of the world. Over 2 million people die annually due to work-related accidents and diseases. About 160 million children are engaged in child labor, with nearly 50% involved in hazardous work. Global unemployment in 2024 stood at around 5.2%, with women and youth facing higher joblessness rates than adult males. These figures illustrate that, while progress has been made, the goals of the labor movement are still far from being universally realized.
Though Labour Day is celebrated globally, the customs vary from country to country. In Germany, where May 1st is known as Tag der Arbeit, observes the day with parades, union-led marches, and political rallies. Major cities like Berlin and Hamburg host events focusing on workers’ rights and social justice. In France, Fête du Travail is marked by large-scale demonstrations led by trade unions and political parties. The day also sees the traditional gifting of lily-of-the-valley flowers (muguet) as a symbol of good luck and solidarity. India recognizes May 1st as Antarrashtriya Shramik Diwas. It was first celebrated in 1923 in Chennai. The day is marked with rallies and speeches emphasizing workers’ contributions and ongoing labor issues.
United States does not celebrate Labour Day on May 1st. Instead, Labor Day is observed on the first Monday of September, primarily as a holiday to mark the end of summer. However, May Day remains an important date for labor activists. In China, May Day was once a week-long holiday but has now been reduced to a three-day break. The government organizes award ceremonies for model workers, recognizing their contributions to the economy. In South Africa, May 1st is a public holiday known as Workers’ Day, commemorating the role of trade unions and the labor movement in the struggle against apartheid and for workers’ rights.
Labour Rights in the 21st Century
As the world evolves, so do the demands and challenges of labor. The rise of gig economy jobs, remote work, and automation is reshaping the traditional understanding of employment. A report by McKinsey Global Institute in 2024 revealed that up to 375 million workers worldwide may need to switch occupations or learn new skills by 2030 due to automation. Meanwhile, gig workers often lack the protections and benefits of traditional employees, sparking fresh debates on employment classification and rights.
Moreover, the COVID-19 pandemic exposed vulnerabilities in global labor markets. Millions lost jobs or faced wage cuts, particularly in low-income sectors. Women and migrant workers were disproportionately affected. In response, the ILO has emphasized the importance of a “human-centered approach” to recovery, focusing on decent work, social protection, and inclusive labor markets.
Labour Day is not just a day off from work; it is a tribute to the resilience, unity, and sacrifice of workers across time and geography. It reminds us that every right enjoyed today was won through the courage of those who dared to stand up against exploitation. As challenges evolve in a rapidly changing world, the spirit of Labour Day continues to inspire workers, policymakers, and citizens alike to strive for fairness, dignity, and equality in the world of work.
Business
Britain’s Strategic Recalibration: The UK-EU Reset and What It Means for Washington

As of July 2025, the United Kingdom is entering a new era of pragmatic diplomacy with its European neighbors. On May 19, Prime Minister Keir Starmer hosted the first formal UK-European Union summit since Brexit, marking a decisive step away from the combative tone of recent years. While rejoining the EU remains off the table, the summit produced a series of significant agreements that reflect a broader strategic reset.
Rather than reversing Brexit, Starmer’s government is pursuing targeted re-engagement—focusing on shared interests in defense, trade, youth mobility, and climate coordination. The aim is clear: to restore Britain’s economic competitiveness and geopolitical relevance while respecting the boundaries set by the 2016 referendum.
This approach reflects both necessity and opportunity. On one hand, the UK continues to grapple with economic headwinds, including trade frictions and a shrinking labor pool. On the other, global challenges such as the war in Ukraine, climate volatility, and energy insecurity demand closer cooperation with European allies. Starmer’s vision is not to rewind Brexit—but to reshape its legacy into something more functional, stable, and globally connected.
The agreements from the summit speak volumes. The UK will now participate in EU-led defense programs and gain access to the €150 billion SAFE fund, supporting joint military research, procurement, and intelligence-sharing. This marks the most significant security convergence between Britain and the EU since Brexit.
On trade, a new veterinary agreement will streamline sanitary checks on food and agriculture, easing export headaches for UK businesses. And a 12-year fisheries deal, allowing limited EU access to UK waters, underscores the spirit of compromise at the heart of this new chapter.
Meanwhile, a youth mobility scheme will allow 18- to 30-year-olds to live and work in each other’s territories—an initiative welcomed by educators and employers alike. Negotiations are also underway to align emissions trading systems, boosting climate cooperation and price stability.
These moves are not about rejoining EU institutions, but about rebuilding influence and trust. By choosing functional integration over ideological isolation, Starmer is positioning Britain as a European stakeholder without forfeiting sovereignty.
But what does this mean for the United States? London’s stalled efforts to secure a comprehensive trade deal with Washington have long been hindered by regulatory divergence from the EU. If the UK selectively aligns with European standards—particularly in key sectors like digital trade, electric vehicles, and pharmaceuticals—it could become a more attractive, stable partner for U.S. investors and exporters.
This convergence might also create opportunities for youth exchanges, tech cooperation, and mutual recognition agreements between the UK and the U.S. Rather than limiting transatlantic ambitions, the EU reset may unlock new paths for engagement with Washington.
Critics at home are less convinced. Hardline Brexiteers warn that sectoral alignment erodes sovereignty. But for many in business, education, and defense, the benefits of stability and access outweigh the symbolism of separation.
The summit closed with a pledge for annual UK-EU meetings—a quiet but powerful signal that long-term partnership is back on the agenda. This isn’t Britain going backward. It’s Britain going forward—on its own terms, but not alone.
If managed well, this re-engagement could set the stage for a new type of transatlantic diplomacy. One not built on nostalgia, but on pragmatism and shared strategic interests.
Britain’s relationship with Europe is evolving. Its relationship with America could be next.
Business
Nigeria Pays Off IMF Debt, Faces Scrutiny Over Missing Funds

Nigeria has officially cleared its $3.4 billion emergency loan from the International Monetary Fund (IMF), marking a significant milestone in its economic recovery and fiscal responsibility. The IMF confirmed that the final repayment was completed on April 30, 2025, concluding a five-year loan cycle initiated during the COVID-19 pandemic.
In April 2020, amidst a global health crisis and plummeting oil prices that severely impacted Nigeria’s economy, the IMF extended a $3.4 billion loan under its Rapid Financing Instrument. This facility was designed to provide urgent financial assistance to countries facing balance of payments challenges without the need for a full-fledged program. The loan carried a low interest rate of 1% and was to be repaid over five years.
The repayment journey began earnestly in late 2023, with Nigeria disbursing \$401.73 million in the fourth quarter, followed by $409.35 million in the first quarter of 2024, and $404.24 million in the second quarter. By June 2024, the country’s debt to the IMF had reduced from $3.26 billion to $1.16 billion. The final installment was paid by April 30, 2025, effectively settling the debt.
Despite the completion of the principal repayments, Nigeria will continue to make annual payments of approximately $30 million in Special Drawing Rights (SDR) charges, as per IMF protocols. The successful repayment has been lauded by various stakeholders. The Tinubu Media Volunteers (TMV) commended President Bola Ahmed Tinubu’s administration for its commitment to meeting international obligations, highlighting the financial re-engineering that facilitated the timely repayments.
However, the journey was not without controversy. In early 2024, the Socio-Economic Rights and Accountability Project (SERAP) filed a lawsuit against President Tinubu over allegations that the $3.4 billion loan was missing, diverted, or unaccounted for. These allegations were based on the 2020 annual audited report by the Auditor-General of the Federation, which suggested a lack of documentation on the movement and spending of the IMF loan.l
SERAP urged the government to investigate these claims, prosecute those responsible, and recover any missing funds. The organization emphasized that servicing IMF loans allegedly missing or unaccounted for constitutes a double jeopardy for Nigerians, potentially exacerbating the country’s debt burden.
In response to the loan approval in 2020, the Nigerian government had assured the IMF of its commitment to transparency and accountability. Measures included publishing procurement plans and notices for all emergency-response activities, as well as undertaking an independent audit of crisis-mitigation spending. As Nigeria turns a new page in its economic narrative, the successful repayment of the IMF loan stands as a testament to its resilience and commitment to fiscal responsibility. However, the lingering allegations of mismanagement underscore the need for continued vigilance and transparency in public financial management.

Business
Scoop of Dissent: Ben & Jerry’s Co-Founder Disrupts Senate Over Gaza
Ben & Jerry’s co-founder Ben Cohen arrested protesting U.S. bomb funding for Gaza conflict

On May 14, 2025, Ben Cohen, co-founder of Ben & Jerry’s, was arrested during a U.S. Senate Health, Education, Labor and Pensions Committee hearing. The session, which featured Health and Human Services Secretary Robert F. Kennedy Jr., was disrupted by Cohen and several other protesters who voiced opposition to U.S. involvement in the Gaza conflict.
As Kennedy Jr. was testifying, Cohen stood up and shouted, “Congress pays for bombs to kill children in Gaza,” accusing lawmakers of prioritizing military spending over domestic welfare programs like Medicaid. The Capitol Police swiftly intervened, removing Cohen and six other demonstrators from the room. Cohen was charged with a misdemeanor under a Washington, D.C. statute that prohibits “crowding, obstructing or incommoding,” which is commonly applied in cases of nonviolent protests. If convicted, he faces a potential sentence of up to 90 days in jail, a $500 fine, or both.
In an interview following his release, Cohen expressed his frustration with U.S. foreign policy, stating, “It got to a point where we had to do something.”
He criticized the approval of $20 billion worth of bombs for Israel, arguing that such expenditures come at the expense of domestic programs that support American children.
Cohen’s protest aligns with Ben & Jerry’s longstanding tradition of political activism. In 2021, the company halted sales in Israeli-occupied Palestinian territories, citing its commitment to social justice. Additionally, in March 2024, Ben & Jerry’s filed a lawsuit alleging that its parent company, Unilever, had removed its CEO, David Stever, in retaliation for the brand’s progressive stances, including its support for Palestinian rights.
The incident has sparked widespread attention and debate over the U.S. government’s role in the Gaza conflict and the allocation of federal resources. Cohen’s arrest underscores the ongoing tensions between political activism and governmental policies, highlighting the challenges faced by individuals and organizations advocating for change in the current political climate.

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