Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street 
Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Canada Vows Trade Fight as Trump Imposes 50% Tariffs 
Japan CPI Rises in June, but Core Inflation Stays Below BOJ’s 2% Target 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership 
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns 
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand 
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call 
Asian Stocks Slide as Oil Tops $100, Middle East Conflict Fuels Inflation Fears 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
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.
