Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Google pays $118m in settlement to underpaid female workers

Last year, South Korea fined Google nearly $180 million for abusing its dominance in the mobile operating systems and app markets. (AFP)
  • The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement
  • Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians

Google said on Sunday that it was “very pleased” to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions.

The $118 million settlement covers about 15,500 female employees who have worked for the company in California since September 2013, the law firms Lieff Cabraser Heimann & Bernstein LLP and Altshuler Berzon LLP said in a statement released Friday night.

The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement.

In a statement to AFP, Google said that “while we strongly believe in the equity of our policies and practices, after nearly five years of litigation, both sides agreed that resolution of the matter, without any admission or findings, was in the best interest of everyone, and we’re very pleased to reach this agreement.”

In 2017, several former Google employees sued the company in a San Francisco court, accusing it of paying women less than men for equivalent positions and assigning women lower positions than men with similar experiences because they had previously earned smaller salaries.

According to a copy of the agreement released by the law firms, “Google denies all of the allegations in the lawsuit and maintains that it has fully complied with all applicable laws, rules and regulations at all times.”

A judge must still approve the agreement, the two law firms for the plaintiffs said.

Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians.