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BBCNEWS Breakfast June 4, 2024 05:25:00

Critics say unlimited bonuses could lead to the kind of excessive risk—taking that contributed to the 2008 financial crisis. businesses are still waiting to hear exactly what help they will get to pay energy bills this winter. and there are fears the support could be delayed. hannahs looking into this one for us. a long wait for businesses that have been struggling. a week today since the government announced there would be an energy support package for businesses. but given the week its been,...
Price Cap Energy Support Package

BBCNEWS Breakfast June 4, 2024 05:24:00

Update from the mayor saying more than 100 houses had been flooded. many parts of the city remain underwater. residents had to be evacuated last night. he said the situation was under control. president zelensky is from this city. last night he said it was a vile act by russia. he said the dam was of no military interest. there was of no military interest. there was a strong tweet from the foreign minister, saying russia is now at war with ukraines infrastructure and civilians, as russia is unab...
Volodymyr Zelensky Last Night Military Interest Vile Act Foreign Minister Kwasi Kwarteng

BBCNEWS BBC News at One June 4, 2024 12:25:00

And to go to work. without extra help targeted at the most vulnerable, its feared millions more families wont be able to afford the bills as the price goes up and the temperature goes down. colletta smith, bbc news, in leeds. the treasury is considering removing a cap on bankers bonuses as part of a post—brexit shake—up of city rules. the bbc has been told that no final decisions have been made, but that the chancellor, kwasi kwarteng, is considering it as a way of making london a more attra...
Bbc News Channel Colletta Smith Kwasi Kwarteng Shake Up City Rules Business Editor Simonjack

FOXNEWS Americas Newsroom June 4, 2024 13:05:00

In this deal rail workers are getting what they want. unpaid days off to go to the doctor without having points against them in the current attendance system. these workers will also get 24% raises and $5,000 in bonuses. it is the kind of deal skeptics say they saw coming. >> joe biden refuses to take the step of his own handpicked emergency board because he doesnt want to offend union supporters two months before an election. >> while it sounds like a transportation department issue, the transp...
Deal Rail Workers Deal Skeptics Attendance System Joe Biden Emergency Board Pete Buttigieg

CNN The Lead With Jake Tapper June 4, 2024 20:19:00

Punished for simply doing things like going to the doctor, even going to a funeral. in the end they did get some of what they wanted. also a major raise, back pay from 2020, also some bonuses, want you to listen now to one of the rail union officials who is in the room hammering out this deal for 20 hours with the labor secretary and the railroads themselves. >> this is monumental for our employees or our members. they deserve time off, time with their families. they deserve the ability to get m...
In The End Rail Union Labor Secretary Discipline Policy Jake Tapper Pete Muntean

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BBCNEWS BBC News Special June 4, 2024 13:28:00

The treasury is considering removing a cap on bankers bonuses as part of a post—brexit shake—up of city rules. the bbc has been told that no final decisions have been made, but that the chancellor, kwasi kwarteng, is considering it as a way of making london a more attractive place for global banks to do business. our business editor simonjack is here. this was introduced in 2014 and it limits bankers bonuses to two times the base pay, introduced after the financial crisis, as a way of trying...
Slam Dunkin Cap Kwasi Kwarteng Central London Shake Up City Rules Business Editor Simonjack

BBCNEWS BBC News at Ten June 4, 2024 21:26:00

Said she hoped justice would be swift and true. judith moritz, bbc news, liverpool. the government is considering removing a cap on bankers bonuses as part of a shake—up of the rules around financial services. its understood no decisions have been taken, but sources close to the new chancellor kwasi kwarteng say he believes removing the limit will make london more attractive to global banks. our business editor simonjack is here. there is an expectation that this will happen? h0 there is an ex...
Bbc News Shake Up Judith Moritz Business Editor Simonjack Kwasi Kwarteng New York

CNN Erin Burnett OutFront June 4, 2024 23:34:00

Things moved around. they were there doing that. but when we look through these numbers, of course, you share the fears of everyone about wage price spirals and inflation. you look at 14% raise immediately, obviously thats back pay. but then 24% raises through 2024 bonuses. are you concerned that will feed through the system? then they charge more for it, more to ship, and more to the buyer and then all of a sudden you have an inflation issue. >> this is actually coming at a time when railroads ...
Wage Price Spirals Inflation Issue Truck Drivers

FOXNEWS Your World With Neil Cavuto June 4, 2024 20:07:00

Provisions, secretary, for the workers and a lot of the pay stuff was ironed out. those were not new developments but a 24% pay increase by 2024. immediate 14% pay increase like now. $1,000 annual bonuses for the next if five years. someone has to pay for that. im wondering whether its going to turn up in higher shipping costs, higher product prices for americans. >> let me address that. the 14% right now. the 14% is the workers on the trains have been working without a contract for the past two...
2024 Immediate Shipping Costs U S Yproduct Prices Supply Chains

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