Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Activision Blizzard, the gaming company that published many popular titles, including "Call of Duty," "Overwatch," "Candy Crush Saga," "Crash Bandicoot," "World of Warcraft," "StarCraft," and more, is dealing with harassment and discrimination lawsuit. It has now been reported that it agreed to settle and will pay $18 million.
It was announced that Activision Blizzard and the Equal Employment Opportunity Commission (EEOC) had reached a settlement this week. The said U.S. government agency filed a suit against the game publisher due to complaints from the company's employees.
In its complaint, the EEOC alleged that the company subjected female employees to sexual harassment and retaliating against them if they complained about it. For the discrimination complaint, the agency said Activision Blizzard is paying male employees more compared to what the females receive. After the filing on Monday, EEOC reached an agreement with Blizzard.
According to CNN Business, the settlement is still subject to court approval, and under the terms, Activision Blizzard will create an $18 million fund to compensate and do something to correct the mistakes committed and apologize to the aggrieved employees.
Any amount that will remain in the funding will be donated to charities that aid women or those that are focused on gender equality and harassment in the video game industry. If not, the remaining money could be utilized to create diversity and inclusion initiatives within the company.
"There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind, and I am grateful to the employees who bravely shared their experiences," Reuters quoted Bobby Kotick, Activision Blizzard's chief executive officer, as saying in a statement.
He went on to say, "I am sorry that anyone had to experience inappropriate conduct, and I remain unwavering in my commitment to make Activision Blizzard one of the world's most inclusive, respected, and respectful workplaces."
Kotick said Blizzard will continue to be vigilant to eradicate harassment and discrimination in the company. He also expressed gratitude to the EEOC for its "constructive engagement" as the company works to fulfill its commitments to get rid of inappropriate behaviors in the workplace.
