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The Latest Breaking News from PwC

‘Deadly serious’: Australian regulators criticise PwC refusal to hand over report into tax leaks

Consultancy’s global executive says report suggests there’s no evidence confidential information was used for commercial gain

The Guardian - AU

PwC executives accused of 'thumbing nose at parliament'

The head of embattled consulting firm PwC has come under fire for not providing details of a key report into the organisation's conduct.

AAP

Australia’s most toxic industries lead the annual political donor parade

Fossil fuel companies, the gambling lobby, the big four consulting firms and the banks all continue to dominate political donations.

Crikey

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Godfreys enters administration, with 54 stores to close

Voluntary administrators expect 171 Godfreys staff in Australia will be made redundant as the company's store count is reduced by more than a third.

AAP

Go In To The Office Or AI Will Replace You, Says PwC's UK Boss

Kevin Ellis said as AI is poised to take on routine tasks traditionally given to younger workers, junior staff should seek promotions by regularly working in the office.

International Business Times UK

Close to Half of CEOs Fear That Their Firms Won't Survive Without Major Overhauls Within the Next Decade

The fast development of AI and the increasing threat of climate change are the main challenges companies are facing, according to PwC's latest CEOs survey

Latin Times

More CEOs fear their companies won't survive 10 years as AI and climate challenges grow, survey says

More executives are feeling better about the global economy

The Independent UK

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Geopolitical tensions and AI dominate start of World Economic Forum

Ukraine, Middle East and Taiwan overshadow annual meeting at Davos, with artificial intelligence also high on agenda

The Guardian - UK

We Will Finally See Scout's New EV This Summer

Today on Critical Materials: Scout will debut at least one of its upcoming EVs this summer, Rimac will unveil its robotaxi concept in early 2024, and EVs are causing production delays.

InsideEVs

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

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

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Evening Standard

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.

Fortune

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

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

Fortune

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

StockNews.com

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….

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Crikey

‘Thought they could do what they want’: How PwC went from ‘untouchable’ to pariah

The fall from grace of accounting giant PwC was one of the defining stories of 2023, with the saga forever having shaped the public’s understanding of the billions spent on consultancy.

The Street

Starbucks makes a move EV drivers will love

Starbucks and a notable car manufacturer are teaming up.

Fortune

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.

AAP

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.

The Guardian - AU

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

Crikey

Hyping the carbon capture con, big consulting firms infest COP28

The Big Six know an opportunity when they see one — and the fossil-fuel industry representatives at COP28 offer a lucrative one.

Fortune

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.

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