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The Latest Breaking News from Deloitte

Employers will pay a hefty premium to financial experts who also know AI, new research shows

The wage premium is strongly correlated with gains in productivity.

Fortune

Modest crowds make for swift Black Friday shopping on Mag Mile

Despite less foot traffic, Black Friday still is expected to be the busiest shopping day of the year in the U.S., according to ShopperTrak.

Chicago Sun-Times

Chicago’s small-business owners have their day amid the holiday hoopla

Big-box chains still draw the crowds, but many shoppers prefer to support local merchants. They’re getting a push from Chicago-area festivities planned for Small Business Saturday.

Chicago Sun-Times

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Survey: Black Friday-Cyber Monday Spending Set to Hit Record Levels

A Deloitte retail shopping survey expects spending during the Black Friday to Cyber Monday period to grow by 13%

TV Tech

Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

The Guardian - AU

Soudal-QuickStep reveal new COO and Patrick Lefevere's potential successor

Jurgen Foré, son of Tour of Flanders winner Noël Foré, joins from Deloitte in January

Cycling News

Stakeholder capitalism has made the chief trust officer more important than ever

Deloitte's principal leading the consultancy's Future of Trust wing discusses how companies are managing their relationship with trust.

Fortune

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Consumers will spend record amounts on Black Friday and Cyber Monday this year, Deloitte says—and you can thank millennials

Not all retail execs agree, however.

Fortune

Efforts to make offices more eco-friendly help boost London office development sector

A number of firms looking to make more eco-friendly workspaces has helped contribute to London office development roaring back, the findings of a new study suggest.

Evening Standard

This CEO has a plan to jumpstart the U.S. battery industry

Cadenza's Christina Lampe-Önnerud says the U.S. will be a lithium ion battery industry superpower again.

Fortune

HP disputed with auditors whether Lynch fraud behind $5bn of Autonomy writedown, filing says

Documents submitted to US court in case over allegations founder duped HP into overpaying for software firm

The Guardian - UK

Firms that donate to political parties twice as likely to win government contracts, analysis finds

Transparency group says donating companies should be banned from government contracts but constitutional expert disagrees

The Guardian - AU

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

AAP

CEOs defend corporate 'purpose' amid ESG backlash

The Amazon founder's estate could save about $32 billion in taxes by relocating to Miami.

Fortune

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The Guardian - AU

Optus loses court bid to keep report into cause of 2022 cyber-attack secret

Federal court rejects legal privilege claim over Deloitte’s assessment of breach that affected millions

Fortune

Execs are rethinking how to weigh in on social issues in the face of economic headwinds

While many shy from saying “ESG,” they maintain their aspirations to work toward a more equitable future are intact.

Fortune

Former Merck CEO Ken Frazier on the responsibility of CEOs to uphold principles despite politics

Plus: Frazier talks about the shareholders who trusted his vision enough to support him in his early days at the helm.

Fortune

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

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TV Tech

Staying Ahead of the Hackers

While content piracy can’t be entirely defeated, companies are adapting to increased threats

Fortune

Almost half of CEOs surveyed have a pessimistic outlook for the economy

A Fortune survey conducted with Deloitte found CEO pessimism is ticking back up from the beginning of the year.

The Guardian - AU

Australian academics apologise for false AI-generated allegations against big four consultancy firms

Case studies created by Google Bard AI as part of submission to parliamentary inquiry proven to be factually incorrect

Fortune

Holiday gridlock. Nearly half of America plans to travel between Thanksgiving and mid-January

Get ready for a frantic holiday season.

The Independent UK

More UK consumers planning to increase spending this Christmas, survey suggests

Some 26% of consumers intend to spend more this festive season, up from 19% last year, according to Deloitte’s Consumer Tracker poll.

Fortune

Companies are focused on cost reduction in case of a recession–but they should be preparing for the recovery that will likely happen

'A soft landing may be possible, if not likely.'

Fortune

These CEOs are rising to the occasion–and condemning the brutal Hamas attack on Israel. The rest of civil society is MIA

More than 75 multinational companies have issued statements with strong condemnation of Hamas’s terrorism, write Yale's Sonnenfeld and Tian.

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