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The Latest Breaking News from EY

‘Significant doubt’ revealed over Bank of London’s ability to keep operating

Auditors question if Peter Mandelson-linked firm can raise adequate funding after news of regulator’s investigation

The Guardian - UK

Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate

The Independent UK

Americans would suffer most if Trump imposes pharma tariffs, sector warns

Industry says levies would hit supply chains, making medicines potentially unaffordable for some US patients

The Guardian - UK

From analysis to the latest developments in health,
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UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

The Guardian - UK

US tariffs threaten to derail UK economic growth, EY warns

EY said it was now expecting UK GDP to grow by 0.8% this year, down from the 1% growth projected in February.

Evening Standard

Three Options for Retirees With Concentrated Stock Positions

If a significant chunk of your portfolio is tied up in a single stock, you'll need to make sure it won't disrupt your retirement and legacy goals. Here's how.

Kiplinger

British businesses are getting used to AI at work - but there are still plenty of hurdles to overcome

British businesses are benefiting from AI, but the same old hurdles still prevent some from getting the full benefits.

TechRadar

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EY being investigated over Post Office auditing during Horizon scandal

Financial Reporting Council looking into whether firm met its standards in connection with Horizon IT system

The Guardian - UK

EY investigated by watchdog over audit of Post Office’s Horizon system

The Financial Reporting Council said it had started looking at the audits conducted between March 2015 and March 2018.

Evening Standard

Beyond automation: how AGI will reshape decision-making, innovation, and governance

Beatriz Sanz Saiz, EY Global Clients and Industry Leader, reflects on the challenges and opportunities of agentic AI and AGI.

TechRadar

EY fined almost £5m for Thomas Cook auditing failures

The historic travel agent collapsed in 2019, resulting in 9,000 job losses.

Evening Standard

EY fined almost £5m for breaching standards in Thomas Cook audit

EY admits to failings in assessment of 2017 and 2018 financial statements of travel firm, which collapsed in 2019

The Guardian - UK

Texas Republicans take aim at public transit in two major cities

The Texas Legislature is considering bills that transit officials warn could hamper public transportation in the Austin and Dallas-Fort Worth regions.

The Texas Tribune

Consumers will bear the brunt of tariff costs, say economists

Companies are embarking on tariff mitigation strategies.

Fortune

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Fortune

Trump's 'Liberation Day' tariffs were worse than expected—sparking a global selloff

Also: Elon Musk denied he was leaving DOGE early, Google sued for discriminating against men.

Fortune

Super Micro, which has had a bumpy ride since its auditor quit, finally hired a general counsel

The server manufacturer also recruited an audit and accounting veteran as its latest independent director to join the corporate board.

Euronews

Should European countries reconsider their plans for Big Tech taxes to avoid US tariffs?

Tax or tariffs? Officials in the UK and Poland are debating what they should do regarding proposed and passed digital sales taxes to potentially avoid new US trade barriers.

Barchart

Should You Buy the Dip in Super Micro Computer Stock?

As Super Micro’s AI-fueled rally continues to crumble, is this a buying opportunity or a red flag for investors?

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The Guardian - UK

Grangemouth could be converted into leading green fuels hub, Swinney says

Scotland’s first minister speaking as report suggests up to 1,200 jobs could be created – but too late for refinery’s workers

International Business Times

US Fed Likely To Keep Rates Steady As Trump Uncertainty Flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

Fortune

Mark Carney: Financier, banker, and Canada’s new premier

Also: Trump says tariffs “may go up,” Mark Cuban warns of recession.

Fortune

Trump’s team promised governments would ‘eat’ its tariffs. Execs say they’re passing on at least 50% to consumers

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

Fortune

Deloitte says office attendance will be considered as part of some employees' performance reviews to decide their bonuses

Deloitte, a proponent of flexible work, has added office and client site attendance to its performance metrics for a team in the US.

Fortune

Poshmark’s CEO lets his Gen Z workers chose what he wears—he says it helps him ‘immerse’ into the next generation’s thinking

Manish Chandra taps young employees to revamp the fashion company’s app, and suggest new brands to be added to the site.

Fortune

The US economy has suddenly been thrown into reverse as key GDP indicator flashes stunning negative forecast

The Atlanta Fed’s GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days earlier.

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