Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage 
Rolls Royce Holdings is handing out £2,000 to its employees as payment to help them with the cost of living that has become unbearable these days. On Monday, June 20, the company informed its 11,000 staff that they would be receiving the lump sum and a backdated four percent pay rise as the problems with the higher cost of living intensified.
As per BBC News, the payment will be given to the company's junior management and shop floor staff, who are mainly based at the Derby and Bristol facilities of Rolls Royce. The firm said it would begin the rollout of the lump sum in August as they receive their pay for this month. In this initial release, 3,000 employees will be covered.
The other 11,000 staff who are part of a union will get their payment once their union group approves the said amount. It was noted that Rolls Royce's move comes after many companies also announced they would be helping their staff as prices continue to rise.
The aim was to help them cope with the current inflation in the UK, which is now the highest in the last 40 years. The pay will help staff settle their bills like electricity and have food on the table as well.
The company's spokesperson told the publication that 70% of its workers in the region are set to receive the payment. In addition, Rolls Royce said it is also "offering our shop floor staff the highest annual pay rise for at least a decade." For unionized workers, their pay settlement for this year up to 2023 is still being discussed by their groups.
Sky News reported that the aircraft engineering firm headquartered in Derby will be paying 14,000 staff in all. Rolls Royce informed its workers about the £2,000 payment through a memo that was posted and circulated within the company.
The payment was described as the biggest at Rolls Royce in more than a decade. While it appears that the company may be investing more than it should for the payments, analysts said that the sum is actually insignificant for the firm as they predict that Rolls Royce will be able to get them all back this year since the business will be great.
