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The Latest Breaking News from EY

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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read the most diverse news in one place.

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.

Fortune

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.

Euronews

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?

Barchart

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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

The Guardian - UK

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.

International Business Times

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.

Fortune

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Fortune

Super Micro insiders dump millions worth of stock after getting the all-clear sign from Nasdaq on its financial filings

The server manufacturer was delinquent on its annual financial and quarterly reports but met a Feb. 25 deadline set by Nasdaq to regain compliance.

Fortune

Super Micro Computer finally offers belated financial reports and blames EY for the holdup

Super Micro announced that it is current with its SEC financial reporting obligations and has not restated any previous filings.

Fortune

The wealth management industry is running out of advisors

A new report from McKinsey indicates the industry will be short 100,000 advisors, thanks to rising demand and talent/recruitment shortages.

The Independent UK

UK mortgage lending growth set to double in 2025 as falling interest rates revive market

The UK’s gradual economic recovery is strengthening confidence, according to the EY ITEM Club outlook

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Evening Standard

Mortgage lending ‘set for a boost in 2025 after two years of suppressed demand’

The UK’s gradual economic recovery is strengthening confidence, according to the EY ITEM Club outlook.

Evening Standard

Storms and flooding took record toll on insurance claims in 2024 – ABI

The Association of British Insurers said it has ‘long stressed’ the need for further investment in flood defence and maintenance.

Barchart

Super Micro Computer Popped on Nvidia Capacity Update. Should You Buy, Sell, or Hold SMCI Stock?

Super Micro shares saw an uptick of 7.5% following its business update.

The Guardian - UK

‘I’m helping to make a better world’: meet the employees stepping up to deliver the energy transition

Having the freedom to work in different countries and with different technologies is a key benefit to a career in green energy. Here, three people share their experiences of having a job ‘without borders’

Latin Times

Stocks Drop, Dollar Rallies As Year Of The Snake Starts With Bite

Tokyo, Seoul and Jakarta each shed more than two percent while Sydney, Bangkok and Wellington were each off more than one percent. Singapore and India also fell, while Hong Kong gave up early deep losses to end only marginally down. Shanghai remained closed for a holiday.

The Independent UK

UK economic growth forecasts downgraded in blow for Reeves

UK GDP is expected to grow by 1 per cent in 2025, according to EY’s winter forecasts

Evening Standard

UK economic growth forecasts downgraded for 2025 – EY

It represents another blow to Chancellor Rachel Reeves’ hopes to rapidly grow the UK economy.

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