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The Latest Breaking News from EY

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

The Guardian - AU

The Trump administration has yet to deploy a key legal move that would render tariff refund applications a 'waste of time,' federal litigator warns

The White House has not appealed the Court of International Trade’s universal refund order, and it has tariff experts scratching their heads.

Fortune

Racing open to more direct protests in campaign against affordability checks

The chief executive of the British Horseracing Authority, has revealed the sport will consider more direct action protests as they continue to battle against government plans to introduce affordability tests for punters

The Guardian - UK

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AI angst mutates into 'FOBO' as Fear of Becoming Obsolete fuels quiet resistance across the economy

EY’s Joe Depa says he sees a split in staff. There’s “high adoption, right out of the gate” for juniors, but senior workers “are somewhat resistant.”

Fortune

As AI reshapes the office, the Fortune Best Companies to Work For are doubling down on the most human perks

Unlimited IVF, 20-plus weeks of paid parental leave, and crisis concierges: Fortune's 2026 list shows top employers leaning into analog benefits as work gets more digital.

Fortune

NS&I faces paying hundreds of millions of pounds over bereaved families blunder

The Treasury-backed provider has found an issue where the estates of deceased customers were not always repaid money from all of their accounts.

Evening Standard

More drama for troubled smelter, risking 200 jobs

Hundreds of workers at the nation's only manganese alloy smelter have been thrown another curve ball with the appointment of administrators.

AAP

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Supermicro’s cofounder was just accused of smuggling $2.5 billion in GPUs to China

The arrest of board member Yih-Shyan “Wally” Liaw—who previously resigned following an accounting scandal in 2018—led an after-hours trading drop of 12% in the Nvidia-linked server manufacturer's stock.

Fortune

Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it

“Challenging whatever the administration does here is going to be much more difficult than the IEEPA case,” international trade expert Timothy Meyer told Fortune.

Fortune

President Trump look away now — a 16th century royal palace in the U.K. is leading the energy sustainability drive, and Americans are invited

Three of Wall Street’s biggest leaders – Brian Moynihan from Bank of America, State Street's Ron O’Hanley, and Janet Truncale from EY are in the U.K. to promote private sector efforts.

Fortune

The AI risk that few organizations are governing

You know how many human users have access to your financial systems. Do you know how many AI agents do?

Fortune

'The workforce needs to embrace AI': Why humans are critical to the future of AI-integrated work

Training, regulation, and employee collaboration are essential for successfully scaling businesses using AI, EY's Jad Shimaly told Euronews Next at Mobile World Congress.

Euronews

Why Life Abroad Wasn’t What Indians Expected - Money Isn’t Everything

For years, leaving India for the West or the Gulf was seen as the ultimate life plan — a ticket to higher salaries, better standards of living, safe cities, global education for children, and a more comfortable future. But increasingly, Indians abroad are discovering that a bigger paycheck doesn’t automatically…

Times Life

Troubled Nvidia ally Supermicro pledged to hire a new CFO ‘immediately.’ That was 14 months ago

“No one wants this job,” said executive search firm Cowen Partners president Shawn Cole.

Fortune

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Evening Standard

UK growth to slow and business investment to contract amid tax hikes – report

The EY Item Club is forecasting growth to pull back to 0.9% in 2026 and for business investment to contract by 0.2%.

Fortune

At Davos, CEOs said AI isn't coming for jobs as fast as Anthropic CEO Dario Amodei thinks

The Anthropic CEO warns 50% of entry-level white collar jobs will be gone in five years. Other tech CEOs see that as unlikely.

Fortune

Adaptability is the new job security and 4 more future AI trends from EY's global chief innovation officer

As we begin a new year, there are five AI trends shaping C-suite conversations. Each one represents enormous opportunities and challenges.

Fortune

Singapore tries to give its flagging stock market a kickstart with a link to the NASDAQ, allowing firms to easily list in both places

The bridge will appeal to companies who want to access U.S. capital, yet still tap “strong brand recognition” in Southeast Asia, says EY's Chan Yew Kiang.

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Fortune

Productivity gains fuel U.S. growth while hiring slows

EY Chief Economist Gregory Daco says businesses are generating growth with fewer workers and rising efficiency.

The Texas Tribune

North Texas’ largest public transit system may come undone in 2026

The push by four Dallas-area suburbs to exit the multi-city partnership comes as state transportation officials have said the state needs more public transit, not less.

The Guardian - UK

UK accounting body to halt remote exams amid AI cheating

Candidates will have to sit assessments in person unless there are exceptional circumstances, says ACCA

Evening Standard

Police probing suspected fraud and money laundering at Tower Hamlets council

The council says the alleged crimes date back to 2018 and that a police investigation is ongoing

Evening Standard

Targeted support could see 18 million savers offered help in next decade

The new type of help will mean firms can make specific suggestions to consumers to help them decide what to do with their money.

Evening Standard

Tower Hamlets: ‘Significant weaknesses’ exposed at London council controlled by Lutfur Rahman’s Aspire party

East London council risks being stuck in ‘cycle’ of government intervention, auditors warn

Evening Standard

Major London council receives damning report from auditors

An auditor said many of the council’s issues had persisted for ‘many years’ and needed ‘urgent action’

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