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The Latest Breaking News from PwC

PwC is making a $1 billion bet on business AI

A $1 billion AI investment over three years will see PwC work with Microsoft and OpenAI, while upskilling workers.

TechRadar

Analysis outlines pathway to a balanced budget

Returning the federal budget to balance in less than a decade is possible, according to PwC modelling, but will take dogged commitment to budget repair.

The New Daily

Huge new office building in the centre of Cardiff linked to Lloyds as its occupier

The close to completed John Street office development is just yards from Lloyds existing offices at St William House

Wales Online

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Lloyds linked to new office location in the centre of Cardiff

The speculative John Street office scheme has emerged as a potential new location

Birmingham Post

Consumers prioritise holidays and health over eating out as retail and leisure industries remain vulnerable

Professional services firm PwC has published its latest consumer sentiment survey

Birmingham Post

Next buys Cath Kidston brand for £8.5m with remaining UK stores to close

About 125 jobs are at risk after British retailer falls into administration for second time in two years

The Guardian - UK

In business we trust? It's all relative

Layoffs, bank failures, and a weak economy: Will business lose its (moderately) exalted position of trust?

Fortune

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Labor hits winnable seats as Liberals sandbag NSW heartland

A day out from the NSW election, both leaders are on a blitz across Sydney as they seek to win over undecided voters and firm up support in key electorates.

The New Daily

Australians’ data could be exposed in e-waste

A second-hand tablet with credentials to access up to 20 million personal records is one example of how Australians could be throwing away their data.

The New Daily

Australians' data could be exposed in e-waste

A second-hand tablet with credentials to access up to 20 million personal records is one example of how Australians could be throwing away their data.

AAP

John Lewis faces criticism over plans to dilute mutual model

Shadow minister describes proposal as ‘very worrying’ while ex-PwC economist calls it ‘terribly short-sighted’

The Guardian - UK

U.S. Audit Watchdog to Start New Round of Inspections in Hong Kong

Reviews will involve work of EY, Deloitte, PwC and others in HK and on mainland with officials from CSRC and Finance Ministry assisting

Caixin Global

Northern Territory government could be first buyer of Beetaloo gas, as Blacktip supply issues bite

A gas company looking to develop the Beetaloo Basin says the Northern Territory government could be one of its first customers for fracked gas.

ABC News

How does Oscars voting work? This is how winners are decided

The road to an Oscar winds through a long awards season, which finally culminates Sunday at the Academy Awards

The Independent UK

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Birmingham Post

PwC finds South West now second best place in the UK for women in the workplace

The region had been ranked as the best place in the country for women to work by the accounting firm for three consecutive years

Birmingham Post

PwC fined £5.6m over ‘serious breaches’ in audits of defence firm Babcock

The accounting regulator has severely reprimanded two former partners at the firm

The Guardian - UK

PwC fined for Babcock audit failings including creating false record

UK regulator says breaches found in ‘every area’ looked at in relation to audit of engineering firm’s accounts

Evening Standard

Accounting watchdog fines PwC over audits of defence firm Babcock

The Big four auditor will pay £5.62 million

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The Guardian - UK

Wednesday briefing: Five key issues facing women – from misogyny to the ‘motherhood penalty’

In today’s newsletter: While the fight for gender parity continues – in the workplace, the home, healthcare and beyond – we survey today’s key stories about women’s issues

The Guardian - UK

A sick child means a £700 hole in our budget: that’s the reality of life as a working parent

The UK’s woeful nursery provision hurts everyone, from parents and children to the wider economy, says writer and editor Lucy Pasha-Robinson

Wales Online

Gender pay gap increases as men now earn 14.4% more than women in UK

It will now take more than 50 years to reach gender pay parity

The Guardian - UK

UK women priced out of work by lack of affordable childcare, PwC finds

Pressure builds for childcare help in budget as Britain slips down global league table for women in work

The Independent UK

UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’

The nation’s average pay gap widened by 2.4 percentage points to 14.4% in 2021, accountancy giant PwC found in its Women in Work index.

Birmingham Post

West Midlands retail closures highest in Britain

But a new report by PwC also says that last year the actual rate of shutdowns in the region was its lowest since 2018.

Birmingham Post

Leicester, Nottingham and Derby shop closures slowing

Sector partly helped by a bounce-back in businesses such as takeaways, convenience stores, DIY and pet stores

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