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BBCNEWS World Business Report June 4, 2024 04:30:15

Transcripts for BBCNEWS World Business Report 20240604 04:30:15
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BBCNEWS Asia Business Report June 4, 2024 00:35:00

Goldman sachs has agreed to pay $215 million to settle claims that it discriminated against women by offering female staff lower pay and fewer opportunities. the agreement comes a month before the long running class action lawsuit was due to come to trial. it resolves claims from almost 3,000 female staff. this deal draws a line under a class action lawsuit that accused the bank of discriminating against female employees for over a decade in areas of pay, promotion and performance evaluation. the trial was due to begin next month. goldman sachs said after more than a decade of vigorous litigation, both parties have agreed to resolve this matter. in a statement, plaintiff allison gamba said, i am proud that the result we achieved here will advance gender equity. now the $215 million settlement will be divided among roughly 2,800 women employed in various divisions of goldman sachs. ....

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BBCNEWS World Business Report June 4, 2024 04:39:00

Rate hikes before the end of the year, we could see 5% interest rates by the end of christmas. interest rates by the end of christmas. just briefly, from our christmas. just briefly, from your perspective, christmas. just briefly, from your perspective, to - christmas. just briefly, from your perspective, to what i your perspective, to what extent has the coronation and eurovision impacted the economy? do you think we will see a bit of a boost in the last month in the month ahead? yes, i think the expectation that the economy was going to slow is now not the case. i think the coronation helped. i think the coronation helped. i think the coronation helped. i think the bank holiday helped. i think improvement in the weather helps, and if you add them all up, a slight improvement in the picture. improvement in the weather? where are you? i am coming! to gender equality now in the world of finance as the global banking giant goldman sachs have agreed to pay $215 million to settle claims ....

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BBCNEWS Asia Business Report June 4, 2024 01:34:00

Party or the other towards an agreement on spending cuts or other policy or legislation changes that they want. from an economic perspective it does not rein in government spending. think of it as a credit card. this is just the government s credit card limit and they need to raise it to pay for past government spending. this is not about future government spending. the simulations that have been done with the oxford economic model, if there are large scale government spending cuts which the republican propose, it will do economic damage. it was shave points off gdp and economy would suffer at a time when it is vulnerable to anything else that goes wrong. ryan sweet from oxford economics. goldman sachs has agreed to pay $215 million ....

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BBCNEWS Politics Live June 4, 2024 10:40:00

The result achieved will advance gender equity. the $215 million settlement will be divided among roughly 2800 women employed in various divisions of goldman sachs. breaking the numbers down once you strip out the legal fees it comes to less than $50,000 per pointer. on top of the cash that goldman sachs is paying the bank will work with outside experts to analyse its pay patterns and methods of promotions. this is the latest effort by a wall street to address unequal and unfair treatment of female workers. back in 2007 morgan stanley little dalo super $46 million in which 2700 female employees accused it of discrimination of pay and promotion. now, when is the best time to start a business? with warnings about economic slowdowns around the world it may not seem like the perfect time. however, the possibility of recession doesn t worry all business leaders, ....

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