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The Latest Breaking News from PwC

UK dealmaking shrinks in 2023, but economy predicted to ‘turn corner’ in 2024 – as it happened

PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump

The Guardian - UK

More Than Half Of New Vehicle Launches Since 2020 Have Been Delayed

EVs, advanced driver assistance systems, and new software are leading culprits for the setbacks.

Motor1

Jim Ratcliffe could cut 300 jobs at Manchester United in streamlining

Sir Jim Ratcliffe is expected to ask an external auditor to assess Manchester United’s structure and expenditure with as many as 300 jobs potentially under threat

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Experts find Scotland outperforms UK with green job opportunities in financial sector

SCOTLAND has the highest proportion of green financial job openings in the UK, according to a new report.

The National (Scotland)

Margaret Hodge urges PwC to show it is not using global structure to aid illicit financial flows

Labour MP makes call after branches’ role highlighted in Cyprus Confidential and other investigations

The Guardian - UK

Top tech unicorns lost $10 billion in value in 2023

The valuation of the top 100 tech unicorns fell by $10 billion in 2023, a new report has found, as worsening economic conditions led to fewer funding rounds and depressed valuations.

Evening Standard

Transparency isn't the only condition leaders need to build trust

For executive teams, privacy can be just as important as openness.

Fortune

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The commercial real estate market will get better for investors who are ‘willing to take the long view,’ PwC says

Interest rates, cost of capital, and capital availability will be most important commercial real estate issues in 2024

Fortune

Are These 3 Software Stocks Solid Buys for 2024?

The software industry stands on the brink of significant growth, fueled by digitization and continuous technological evolution. Given this landscape, should you buy software stocks Pegasystems (PEGA), Palantir Technologies (PLTR), and ePlus (PLUS) for 2024? Let’s find out….

StockNews.com

Delta CEO says fears business travel has died are greatly overstated—hybrid workers are just shifting the data

Business travel at Delta Air Lines is down “about 20% below” pre-pandemic levels. But its CEO Ed Bastian isn’t concerned because rather than globe-trotting to see colleges, hybrid workers are mixing business and pleasure.

Fortune

Tax changes flagged to bolster system integrity

The Albanese government has announced a consultation process as part of its tranche of reforms to strengthen integrity and accountability in the tax system.

AAP

Mental health app that cost Australian taxpayers $33m did not result in ‘clinical outcomes’, study finds

Independent review raises questions on value for money achieved from scrapped Project Synergy app, which is part-owned by PwC and the University of Sydney

The Guardian - AU

PwC employees cheating on tests in China just cost the auditing firm $7 million in U.S. fines

U.S. regulators alleged that PwC's employees in mainland China and Hong Kong shared answers on exams meant to test knowledge of U.S. auditing practices.

Fortune

Fancy a life of misery? We’ve just the degree for you!

Studying sociology, politics or the creative arts may well make you unhappy. But it’s not necessarily a bad choice, writes Zing Tsjeng

The Guardian - UK

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AAP

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

StockNews.com

Palantir Technologies (PLTR) vs. The Descartes Systems (DSGX): Selecting the Better Software Investment

With digital transformation gaining traction worldwide and rising demand for software solutions, the industry’s prospects appear promising. Software stocks, Palantir Technologies (PLTR) and Descartes Systems (DSGX) should benefit from the industry tailwinds. However, which of these stocks is a better investment? Read more to find out.

The Guardian - UK

Ladbrokes-owner Entain settles Turkish bribery inquiry; Amazon Black Friday protests– as it happened

Rolling coverage of the latest economic and financial news, as strikes take place at Amazon’s Coventry warehouse, and at sites in Germany

The Guardian - UK

Fresh China questions for Cameron as video shows him praising port project

Former PM seen quoting from Chinese-funded study in support of Sri Lankan development

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news in one place.

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The Guardian - AU

From ‘crazy’ to Walkley: Australian Financial Review’s PwC tax leaks scoop takes top journalism prize

Edmund Tadros and Neil Chenoweth take home Gold Walkley while eight women honoured for outstanding contributions. Plus: Crikey job cuts

The Independent UK

Highest paid graduates are some of the saddest, study finds

Graduates with degrees in Celtic studies or sports science report being the most content with their lives, even though their wages placed them in the bottom ten earners.

The Guardian - AU

Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

The Conversation

Politics with Michelle Grattan: Greens Barbara Pocock on the quest for greater transparency

Greens Senator Barbara Pocock – who has a background in economics and industrial relations and formerly worked at the Reserve Bank, in the federal public service and as an academic – has been in parliament only since the 2022 election, But she has already made a mark.

AAP

Consultants to face anti-corruption commission grill

The head of Australia's anti-corruption commission says government consultants - like those at PwC - should expect a visit from his organisation.

Fortune

Analysts split on whether 2023 will bring booming Black Friday sales

Eye-catching discounts are everywhere in the lead up to Black Friday—and they're especially enticing to shoppers amid a cost-of-living crisis.

The Guardian - UK

Friday briefing: How Russian oligarchs use Cyprus to shield assets from sanctions

In today’s newsletter: A new investigation from the Guardian and others reveals the big ways the small island can help the wealthy avoid scrutiny

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