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The Latest Breaking News from Deloitte

Mark Zuckerberg’s metaverse vision is over. Can Apple save it?

The CEO of the social media giant has spent billions – and still no one understands the idea. But now the world’s richest firm could change the game

The Guardian - UK

Forget quiet quitting. Millennials and Gen Zers are quietly working second jobs as they live paycheck to paycheck

Deloitte surveyed tens of thousands of millennials and Gen Zers—the reality is a far cry from splurging on avocado toast or killing time on TikTok.

Fortune

Hell’s consultants | Are consultancy firms more a liability than an asset?

Amidst massive lay-offs by the consultancy industry, Amazon Prime Video’s show is timely

The Hindu

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Deloitte, Goldman Sachs, Microsoft among institutional players partnering on new blockchain network

Despite Crypto Winter, legacy firms are still investing in potential blockchain breakthroughs.

Fortune

Accounting watchdog the FRC says that it is investigating the Deloitte audit of Joules' 2021 accounts

In a short statement on its website it said the investigation did not relate to anyone other than the auditor

Birmingham Post

Deloitte under investigation over audit for retailer Joules

Financial Reporting Council to look at group’s 2021 accounts, a year before it went into administration

The Guardian - UK

Just 41% of C-suite execs are 'highly confident' in their company's cash and liquidity management

CFOs need to focus on short-term cash flow processes and liquidity forecasts, says a managing director at Deloitte.

Fortune

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Small Business Spotlight: Neems Jeans

"Starting a denim company like Neems Jeans meant I could impact people's lives, the environment, and women's relationships with their bodies."

Marie Claire

Confessions of a Shopaholic: Men are Bigger Spenders than Women

Stereotypes would suggest it's women who love to shop, but new research shows men do too, and they actually spend more than women.

Kiplinger

Deloitte Budget Monitor predicts significant shift in national debt ahead of federal budget

Multi-billion-dollar tax revenue and high commodity prices will likely result in a far healthier federal budget than initially predicted, according to Deloitte's annual Budget Monitor.

ABC News

Covid era grads are getting trained on how to actually work in the same room with other people

It is more than just "student life" that covid grads missed out on - and it's now on employers to plug the "education gap".

Fortune

Covid era graduates struggle with communication, say Deloitte and PwC

Accounting firms offer extra training on face-to-face presentations and in-person meetings

The Guardian - UK

Reframing flexible work as ‘agile working’ could get even the most stubborn bosses onboard

Most women are worried about asking to set their own hours, a new Deloitte report finds. Bosses who rebrand their thinking on flexibility could fix that.

Fortune

Say goodbye to the company retreat: business travel isn’t ever going back to pre-COVID normal, report says

Inflation, economic pressure and new post-pandemic normals are all weighing on employers’ willingness to send their staff on trips.

Fortune

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Birmingham Post

Talk Talk, Pretty Little Thing and CBRE: The 19 latest appointments in the North West

Latest news on key promotions, hires and departures

Evening Standard

Cheerier finance chiefs still worried about troubles ahead

Survey of normally cautious CFOs find them at their most bouyant since 2020

The Guardian - UK

The Cyprus connection: the family firm that helped pour Abramovich’s millions into Chelsea

Exclusive: Limassol accountant helped Russian oligarchs hide their wealth offshore – now the firm is under UK sanctions

The Guardian - AU

Afternoon Update: Coalition reshuffle promotes voice opponents; RBA hints at rate rises; and Ablett Sr sues AFL over concussion

Liberal leader Peter Dutton signals determined approach to thwart voice after parachuting Jacinta Price into shadow cabinet

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TV Tech

Immersive Technology Lands in the Spotlight Via the Metaverse

Growth to take off as virtual interfaces transition from tech toys into tech tools

The Guardian - UK

Offshore cash and huge loans: leak reveals how Roman Abramovich funded Chelsea’s success

Exclusive: Network of companies used to route fortune made from the oil fields of Siberia into Stamford Bridge

ABC News

Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

Evening Standard

Brexit a big factor in companies snubbing London for New York, says senior economist

UK stock market valuations have slumped since the 2016 vote to leave the EU

The Guardian - UK

THG receives buyout proposal from private equity, FTSE 100 posts best run since December 2020 – as it happened

Rolling coverage of the latest economic and financial news, as UK’s blue-chip index heads for seventh day of gains in a row

Fortune

50% of Gen Zers and Millennials say online experiences are meaningful replacements for the real thing

Gen Xers and Boomers are less satisfied with digital substitutes.

ABC News

Jessica Watson shares how lessons learnt at sea helped her navigate the waves of grief over losing partner

Jessica Watson faced life-threatening storms and a collision with a tanker as "the girl in the pink boat" who sailed the world solo, but nothing would be as hard as the tragedy she would face 11 years after her record-breaking voyage.

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