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The Latest Breaking News from PwC

Government seeks to lift standard of tax professionals

The Albanese government is planning to introduce laws aimed at improving trust in tax professionals and dealing with misconduct.

AAP

The CEO contradiction: Corporate leaders are afraid of a recession but nearly 70% plan to hire more people this year

While most CEOs are preparing for a recession, they’re also hoarding talent. “Employees may be able to breathe a sigh of relief,” says Dana Peterson, the Conference Board’s chief economist.

Fortune

'What we’re seeing' - FSG handed potential boost in Liverpool investment search

A PwC report has revealed that institutional investment is set to continue as Liverpool get future revenue hope

Liverpool Echo

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Taxpayer-funded review that found 'flaws' in Robodebt scheme was discontinued by Department of Human Services, royal commission told

In a deal worth almost $1 million, the Department of Human Services engaged a consultancy firm PricewaterhouseCoopers to review the budget savings program, but then declined to see the end result.

ABC News

CEOs say long-term transformation continues unabated, despite recession fears

If anything, the focus has intensified.

Fortune

How CEOs are managing the tension in the face of recession

Leaders know that society is always in a period of change and that uncertainty will always exist.

Fortune

Nottingham City Council's extra £600,000 spend on consultancy is to ensure it becomes 'robust'

Nottingham City Council has just approved spending an extra £600,000 on a consultancy which is supporting the delivery of a financial improvement plan.

Nottingham Post

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Appointments and promotions from across the East Midlands

News from Stockyard, PwC, Creative62, V Formation, Invictus, Nottingham Venues, Hallam and others

Birmingham Post

How CEOs are embracing the future of work to help advance DEI in 2023

To be effective, leaders can focus their efforts on three key drivers.

Fortune

More than £1m now spent on Nottingham City Council consultant to deliver financial improvement plan

Nottingham City Council has approved spending more than £600,000 on PricewaterhouseCoopers

Nottingham Post

Treasurer Jim Chalmers furious former PwC partner leaked confidential government briefings

Jim Chalmers says there was a breach of trust when a former partner at consulting firm PricewaterhouseCoopers leaked confidential government briefings to the firm's staff and partners.

ABC News

Jim Chalmers ‘furious’ after former PwC tax adviser found to have shared confidential government briefings with staff

Treasurer vows to ‘throw the book’ at people responsible for breach after unauthorised disclosures of multinational tax consultations

The Guardian - AU

Lawyer ignored tribunal's robodebt finding

A government lawyer told staff they could keep using an unlawful debt collection method as long as they'd tried other ways first, a royal commission has heard.

AAP

Paperchase future uncertain as brand potentially seeks new buyer

The stationery brand is in trouble less then six months after its last buyout

Nottingham Post

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Bangkok Post

Executives gloomy about global outlook

Chief executives of companies around the world are planning to cut operating costs as nearly three-quarters of them anticipate a decline in global economic growth over the next 12 months, according to a recent survey by PwC.

Chronicle Live

Stationery chain Paperchase said to be on the brink of collapse

It is not known how many jobs are at risk as owners line up administrators just six months after retailer changed hands

Fortune

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

Wales Online

Paperchase looking for potential buyer after reports it is lining up administrators

Reports earlier today suggested the stationery company could soon bring in an administrator. The company has now confirmed it is looking for a buyer.

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Axios

The mood from Davos: Not as bleak

Many key indicators have come in better than forecasters anticipate in recent months.

Daily Mirror

Paperchase set to appoint administrators as it continues search for new buyer

It is unclear how many stores and jobs might be put at risk with the possible administration process

Fortune

40% of CEOs say their companies won't be viable in 10 years if they stick to the 'current path'

A new survey reveals deep insecurity among many CEOs that the world is changing faster than their companies.

The Independent UK

Nearly a quarter of UK chief executives admit business models will not be viable in a decade

Global executives offer gloomiest-ever outlook for global economy, PwC finds

Reuters

Davos 2023: Recession casts long shadow over opening of WEF summit

The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses.

The Guardian - UK

Almost two in five CEOs ‘fear their global firms will be unviable within 10 years’

Worker shortages and need to adapt to tech changes given as reasons in survey as Davos meeting begins

Birmingham Post

FinTech West appoints senior Natwest and PwC leaders to board

The Bristol-based organisation was founded by firms operating in the city to bring together companies in the South West’s growing financial tech sector

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