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The Latest Breaking News from PwC

PwC offshoot challenged to prove distance from scandal

The government consultancy offshoot of PwC has been told to prove its distance from the tax advice scandal in order to work on government contracts.

AAP

Australia’s life-saving bone marrow registry needs $13m. Why is red tape holding it up?

The money is there to increase the number of donors to help patients with leukaemia and blood cancers but governments won’t agree to release it, MPs say

The Guardian - AU

PwC partner at centre of tax advice scandal banned by Asic for eight years

Financial regulator finds Peter John Collins is ‘not a fit and proper person to provide financial services’

The Guardian - AU

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PwC partner at centre of tax scandal banned by watchdog

Peter-John Collins has been banned by ASIC from providing financial services for eight years following his role in the PwC tax advice scandal.

AAP

The office returns: are the days of Australians working from home numbered?

Working remotely during the pandemic disrupted a centuries-old agreement between employers and employees. What now for WFH?

The Guardian - AU

AI is top of mind for leaders. Execs discuss the risks

“It's so powerful…it could change the future in a good way or in a bad way,” Mitra Best, partner and technology impact officer at PwC, said during a panel discussion.

Fortune

More than £2bn of UK foreign climate aid channelled through consultancies since 2010

Findings raise concerns among experts who say climate funding works best when invested directly in local communities

The Guardian - UK

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Afternoon Update: Asio urges all parties to tone it down on Middle East; UN staff among those killed in Gaza; and factchecking voice misinformation

Security agency says it has seen direct connections between inflamed language and inflamed community tensions

The Guardian - AU

'Totally unacceptable': PwC boss sorry for tax scandal

The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.

AAP

PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

Former CEO Luke Sayers says ‘Project Kookaburra’ sought to sell off consultancy business amid concerns about conflicts of interests

The Guardian - AU

PwC spin-off given go-ahead for government contracts

Scyne Advisory, the spin-off company of PwC's government consultancy arm, has been allowed to work on public sector projects following a department probe.

AAP

Wilko: Final 41 shops to close as 93-year-old chain shuts its doors

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant

Evening Standard

Mapped: Final 41 Wilko stores set to close doors this weekend

Almost all of the chain’s 12,500 workers are being made redundant

The Independent UK

Wilko to shut final shops on Sunday after dramatic collapse

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant

Evening Standard

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The Independent UK

Wilko: What went wrong and will we ever see it on high streets again?

The PA news agency looks at what led to Wilko’s collapse and what the future could still hold for the company.

The Independent UK

Wilko to shut final shops for good after dramatic collapse

It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant.

Fortune

Is it time to ditch return-to-office mandates?

Return-to-office mandates are infuriating hybrid and remote workers; experts weigh in on the right way to do it.

Fortune

More execs expect emerging tech, including AI, will help their companies build trust

But a tool like AI is only as good as how you use it.

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AAP

Consulting firms' problems fuelled by pursuit of growth

A Senate committee has been told stories of toxic work culture and conflicts of interest, which experts say are driven by the "aggressive pursuit of growth".

Barchart

Palantir Stock: An Underrated AI Growth Pick

Palantir just won over two big clients, but shares of the AI innovator still seem stuck. Is this an opportunity to scoop up the overlooked AI stock?

The Independent UK

South African mining employs many and may only have decades left, report warns

South Africa’s overall mining profits slipped by more than $5 billion in the last financial year

Newsroom.co.nz

Ministers agree loan to private investors to save Ruapehu ski field

There's concern at a Cabinet decision, in the shadow of election, to increase its lending to $50m and set up ski field for private ownership. Jonathan Milne reports.

Newsroom.co.nz

Iwi 'aghast' at Cabinet decision on privatising Ruapehu ski fields

Ministers must decide whether to take over Ruapehu Alpine Lifts' $15 million bank debt to stop a fire sale of its assets by liquidators. Jonathan Milne reports.

The Guardian - AU

‘This is not over’: Treasury flags further action against PwC Australia over additional breaches of confidence

Exclusive: Move comes after firm admits partner forwarded papers related to confidential consultation with treasury and ATO officials to colleagues

The Guardian - UK

Wilko owed £625m when it collapsed, leaving pension fund £50m short

Retailer’s unsecured creditors, who include suppliers, will recoup less than 8% of what they are owed

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