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The Latest Breaking News from Deloitte

CFOs are still cautious about generative A.I. and only 15% are incorporating it into corporate strategy

Finance chiefs are weighing the upsides and downsides of the technology, according to a Deloitte report.

Fortune

There's a housing shortage and an office glut. So why are there only 217 U.S. office-to-resi conversion projects in the pipeline?

Ongoing office-to-residential conversions are just a "drop in the bucket" of the projects to come, CBRE researchers say.

Fortune

Premier League summer spending exceeds £2bn for the first time

Deloitte’s analysis showed the 2023 summer transfer window exceeded the previous record of £1.92bn, set only last summer, by almost £440m.

The Independent UK

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Premier League’s £2b transfer window shows incredible pace of growth – Deloitte

The milestone was surpassed for the first time in advance of Friday’s deadline.

The Independent UK

Deloitte joins RBA in tipping 4.5% Australian jobless rate thanks to slow consumer spending

Slowdown in consumer is finally flowing through to Australia’s jobs market, according to the latest forecasts from Deloitte Access Economics

The Guardian - AU

Premier League clubs take summer spending to nearly £2billion with week to go

Spending had reached £1.95bn by midday on Friday, Deloitte said.

The Independent UK

CBI to step back early from top firms’ boardroom diversity initiative

High-profile companies reportedly discussed cutting ties with the business lobby group

The Guardian - UK

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The ACT government's biggest 2022-23 contracts revealed

The government also entered into more than 1100 new contracts.

The Canberra Times

How $1,000 well-being subsidies have become a coveted new employer perk—and could save your company money, too

Creative wellness benefits are a big trend—and a way to cut long-term health care costs.

Fortune

Wall Street keeps pushing to end WFH, but their own senior staff would rather quit than comply

Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.

Fortune

Your family will probably spend $890 on back-to-school shopping this year, retail trade group says

The demand for electronics in the classroom is driving parents to spend more, a National Retail Federation survey found.

Fortune

Bureau of Meteorology super computer delays ‘very concerning’ ahead of summer

Exclusive: Insiders say ‘stuff-ups’ have occurred despite millions being spent on consultants, as senator warns of high stakes in ‘what could be a catastrophic fire season’

The Guardian - AU

Americans could live an extra 19 years—if they pick the right employer

Health care is a key employee benefit. Could “wellness care” become one, too?

Fortune

22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

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The Guardian - AU

Afternoon Update: inflation falls but food and rents still rising; 51 whales die in WA; and lower blood pressure with planks

Rents nationally experience the biggest quarterly increase since 1988 as Deloitte suggests Reserve Bank lifted interest rates ‘too far’

France 24

Parisians expect to cash in with Airbnb during 2024 Olympics despite tighter regulations

A year ahead of the Olympic Games, Parisians are already preparing to leave the city and rent out their flats on Airbnb as prices for the period skyrocket.

The Conversation

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

Fortune

Banks have used A.I. for decades—but now it’s going to take off like never before

A new wave of AI tools is poised to turbocharge innovation in finance—look for hyper-personalized credit cards before long.

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news in one place.

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Fortune

PayPal CEO says A.I. is already making one of his teams 30% more productive

Dan Schulman was one of seven CEOs to weigh in on the early lessons of generative A.I.

AAP

Consultancy workplace culture 'not perfect': EY chief

One of the big four consultancy firms says workplace culture needs to change, as a parliamentary committee probes the embattled sector.

Fortune

‘I’m incredibly privileged’: Deloitte Australia’s CEO says he’s not worth his $2.3 million pay package at public hearing

Adam Powick admitted to being overpaid at a public hearing that is part of a larger inquiry into the integrity of consulting firms following a tax scandal at PwC.

The Guardian - AU

Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The Guardian - AU

Afternoon Update: climate crisis hits as temperatures soar above 50C; Australian rescued after two months in Pacific; and a Women’s World Cup guide

China and US meet to begin climate talks in Beijing to address a ‘challenge to all of humanity’

The Guardian - AU

Deloitte declines to tell Senate which government department’s information it leaked internally

Greens senator repeatedly asks firm to reveal which department was implicated but question taken on notice

AAP

Consultancy firm issue worse than expected: Gallagher

Deloitte executives are scheduled to face a Senate committee which is looking at problems with the federal government's use of consultants.

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