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The Latest Breaking News from EY

Choose France summit kicks off with big hopes for foreign investment

France rolls out the red carpet to some 180 business leaders on Monday at the annual international business summit aimed at wooing foreign investors. Buoyed up by recent data showing France remains the most attractive country in Europe, the presidency has promised record investments, though there is growing competition from…

Radio France Internationale

Air Vanuatu liquidation prompts Virgin flight boost

The national airline of Vanuatu has been placed into liquidation after cancelling all flights to and from Sydney and Brisbane.

AAP

Air Vanuatu cancels Australian flights amid cash woes

The national airline of Vanuatu has cancelled all its flights to and from Sydney and Brisbane for the rest of the week amid reports of financial difficulties.

AAP

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‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures

Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings

The Guardian - UK

‘They’re everywhere’: Labour’s wooing of City goes into overdrive

Starmer and Reeves have created 2020s version of party’s 1990s ‘prawn cocktail offensive’ – and business appears hungry for it

The Guardian - UK

Lack of new tech and staff burnout: six reasons universities are finding it hard to digitally transform

Research from the professional services firm EY has uncovered entrenched challenges that can hold back institutions from successful transformation

The Guardian - UK

Create a vision, empower people: six ways leaders can inspire digital transformation in higher education

Whether it’s investing in the right tech or creating an inspiring vision, research from the professional services firm EY highlights the measures leaders can take to bring about successful transformation

The Guardian - UK

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Economy and Society April 9, 2024: SEC pauses implementation of climate disclosure rules

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Rethinking the tech stack to deliver growth in enterprise commerce

With customer spending recovering in 2024, enterprise retailers need to be proactively rethinking how they can optimize their tech stack to set them up for success.

TechRadar

Bytes Technology in governance crisis as probe accuses CEO of unauthorised trading on more than 100 occasions

It’s the second investigation over share trading by board members in the past year

Evening Standard

Eyes On Bank Of Japan As Unions Announce Wage Hikes

The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy.

International Business Times

UK regional growth gap to widen as London pulls further ahead

Despite levelling up efforts, EY data found the capital and south-east of England would benefit most from a return to growth

The Guardian - UK

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

The Guardian - AU

FOI reveals ScoMo-Hockey party list, plus a potted history of parliamentary doxxing

Take a look inside the five year fight to uncover who Scott Morrison and Joe Hockey entertained at a Washington garden party. Plus plenty more tips and murmurs from the Crikey bunker.

Crikey

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Newcastle Herald

MP slams 'underwhelming' government response to coal testing 'fraud'

Little has been done to address a coal industry scandal.

The Guardian - AU

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

AAP

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.

Cycling Weekly

Glasgow World Championships brought £205m boost to economy

Super Worlds had 'extremely positive economic impact' for Scotland

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The Guardian - UK

UK electric vehicle maker Arrival enters administration with 170 jobs at risk

New York-listed company, once valued at $15bn, failed to launch its debut electric van

Evening Standard

EV maker Arrival enters administration with 400 jobs at risk

British electric vehicle maker Arrival has entered administration, putting around 400 jobs at risk.

The Guardian - AU

NSW government says EY’s non-disclosure on policy work ‘reflects poorly’ on system

EY partners grilled at inquiry over failure to disclose Santos contract while working on government’s ‘future of gas statement’

The Guardian - AU

Crisis-hit consultancies among firms throwing money at Australian political parties

Disclosures show PwC alone made $369,973 in direct political donations last financial year

Cycling News

Report: $270 million from Saudi Arabian investor could drive One Cycling reform project

Reuters says SRJ Sports Investments is in final talks, but only eight teams said to be onboard revolutionary project

Evening Standard

Issa brothers sign new auditor after EY and KMPG resign in 2023

Spy noted with interest the reporting over the weekend that EY had resigned as auditor for Asda.

Evening Standard

Mohsin Issa confirms relationship with ex-EY tax partner after Asda auditor resignation

The pair noted that Price was not an audit partner at EY and didn't work on the Asda business

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