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The Latest Breaking News from EY

EY Is Betting $100M on Human Workers, Giving Them Up to $25,000 Bonuses for Skills AI Can't Replicate

Ernst & Young US is investing $100M in a rewards program to foster future skills and innovation amid AI's impact on accounting and services. It empowers employees to excel and drive change.

International Business Times UK

As Gen Z flocks back to accounting, EY is investing $100 million in bonuses for employees who prove they have human skills

EY is betting on human skills like judgment and adaptability, offering workers cash awards of up to $25,000 as AI transforms accounting.

Fortune

Scotland ranks third in Europe for foreign investment in energy, report finds

SCOTLAND attracted more energy-related Foreign Direct Investment (FDI) projects in 2025 than every other country in Europe except France and…

The National (Scotland)

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Healthcare ranks second in private credit deals as domestic funds dominate in H1 2026: EY report

India’s private credit market deployed $3.5 billion across more than 100 deals in H1 2026, broadly unchanged from $3.4 billion in H2 2025, according to EY.

The Economic Times

India's FY27 growth seen at 7-7.2% as capex, domestic demand offset global headwinds: EY

India's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by buoyant domestic demand and continued government focus on capital expenditure, while nominal GDP growth could reach 12.5 per cent-13 per cent, according to recent report by EY. The firm said economic…

The Economic Times

Private credit investment in F&B sector surges 12-fold in H1 2026: EY

Private credit investments in India's food and beverage sector surged twelvefold in early 2026. This sector's share of total deal value rose to twelve percent, becoming the third largest. Large transactions supported this momentum, indicating growing capital demand for expansion. Private credit investors are increasingly exploring consumer-led sectors for new…

The Economic Times

Macron unveils €6bn Saudi-backed theme park deal amid rights criticism

A €6 billion Saudi investment will create three theme parks near Paris, born from a "shared passion" for Dragon Ball Z and anime Macron and Crown Prince Mohammed bin Salman discovered during talks in Riyadh last December.

Euronews

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AI has failed to win people's trust. Its makers? Even less trusted

Surveys on both sides of the Atlantic reveal a public more wary than wowed by AI, with distrust extending well beyond the technology and onto the tech executives promoting it.

Euronews

More Aussie firms could be captured by emissions scheme

Australian investors are pushing for big changes to Australia's major pollution policy and they could force more companies to reduce pollution.

AAP

Five key takeaways from parliamentary hearings into client leaks at KPMG

Partners say they ‘don’t recall’ leaked papers and are accused by lawyers of being misleading as more whistleblowers come forward

The Guardian - AU

'Move fast, but do it with trust built in': EY CIO tells us why the rapid pace of AI means trust is now a critical business imperative

EY CIO tells us why delaying digital transformation decisions is no longer possible in the age of AI.

TechRadar

'Unrealistic' rules for AI data centres spark warning

Investors could be deterred from investing in new AI data centres in Australia if national guidelines under negotiation are too strict, the coalition warns.

AAP

Britain's 2027 Money Warning: How a Closed Strait of Hormuz Could Hit Your Wallet

Ernst & Young warns that the UK could face a recession if the Strait of Hormuz remains closed, impacting inflation and economic growth. The closure affects global energy markets and UK households.

International Business Times UK

Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruption

According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, before growing 1.2% in 2027 under its base-case scenario.

The Economic Times

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The Independent UK

Recession risk if Strait of Hormuz stays closed until next year

IN FULL

The Guardian - UK

UK economy faces recession if strait of Hormuz remains closed, EY warns - as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

UK economy ‘at risk of recession’ next year if Strait of Hormuz disruption continues

EY’s latest economic outlook also warns that inflation could rise to 6.4% as oil and gas prices soar

The Independent UK

Prolonged Iran war could tip UK into recession next year, report warns

The EY economic outlook cautions that GDP could slow to 0.5% this year and contract by 0.2% next year if the Strait of Hormuz remains shut into 2027.

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The Economic Times

CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firm

Grant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest professional services provider. The deal offers CBIZ shareholders a substantial premium of seventeen point eight percent. Grant Thornton's expanded operations will span over twenty countries and territories. The combined entity expects to…

The Economic Times

India's cities need USD 2.4 trillion investment by 2050, but municipal corporations raise only a fraction: Report

India's cities will require an estimated USD 2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have so far mobilised only a fraction of the required capital, according to a joint report released by FICCI and EY on Tuesday.

Evening Standard

EY and partner fined £1.2m over Made.com accounting failures

Watchdog officials said the auditors relied too heavily on the retail group’s own forecasts and did not sufficiently challenge them.

TechRadar

Ernst & Young reveals data breach following hack on support system

Someone pulled sensitive customer data from EY's servers, but the data is yet to surface anywhere.

Evening Standard

Travel firms and housebuilders lead profit warnings amid Iran war fallout

The figures from EY-Parthenon show UK listed firms made 59 profit alerts in total across the second quarter, up from 55 in the previous three months.

International Business Times

The Global Race to Regulate AI Is Creating New Risks for Businesses

AI regulation is a healthy step for states and countries concerned about the speed of AI adoption. However, it's creating new complexities for businesses to navigate.

The Economic Times

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

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