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The Latest Breaking News from EY

Scotland’s foreign investment attractiveness at record high, new study finds

SCOTLAND's foreign direct investment (FDI) “attractiveness” is at a record high, according to a new study ...

The National (Scotland)

Scotland’s foreign investment attractiveness at record levels, study finds

A third of the firms planning UK investment say they will choose Scotland, up from 27% last year and an all-time high, EY said.

Evening Standard

Top EY executives: we found your biggest AI blind spot. It's called the 'tempo gap'

The phenomenon quietly undermining enterprise AI adoption is about the different speeds at which you're moving.

Fortune

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read the most diverse news in one place.

EY's Jad Shimaly on how AI is reshaping business and the workplace

From boosting productivity to transforming recruitment and consulting, artificial intelligence is changing the way companies operate. Speaking to FRANCE 24 at VivaTech in Paris, EY executive Jad Shimaly explains where AI is delivering results and what it could mean for the future of work.

France 24

JBM Auto secures Rs 750 crore investment for e-bus deployment

JBM Auto's unit has secured a significant Rs 750 crore long-term investment from Motilal Oswal to deploy 2,000 e-buses and bolster India's sustainable public transit. This substantial capital infusion will accelerate the rollout of zero-emission fleets across key Indian cities, marking a major step in the nation's electric mobility transition.

The Economic Times

A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’

Ned Koh, the founder and president of Aaru, said the AI startup’s ability to predict outcomes better than human-led survey data speaks for itself.

Fortune

RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY report

The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for the next phase of India's digital payments…

The Economic Times

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Gordon Ritter: I predicted AI's learning loop a decade ago. The doomers are still measuring the wrong thing

The companies winning aren't replacing human judgment — they're capturing it. The ones losing are letting it drain away.

Fortune

Piyush Goyal meets Ernst & Young CEO, discusses India's role in global supply chains

Union Minister Piyush Goyal said he held a meeting with Janet Truncale, Global Chair and CEO of EY, to discuss India's growing role in global supply chains and the expanding opportunities in Global Capability Centres (GCCs).

The Economic Times

'At some point you've got to make money': Goldman's top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs

Jim Covello has been Wall Street's most consistent voice of AI doubt. Two years on, he asks:"when does the short term become the long term?"

Fortune

Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

AAP

Which European countries attract the most foreign investment?

Foreign investment is widely seen as a key driver of economic growth, innovation and job creation. But which countries are winning the race for international investors, and how is Europe's position changing in an increasingly competitive global market?

Euronews

'Choose France' summit puts AI at heart of Macron’s €93 billion investment drive

Foreign companies have pledged a total of €93 billion in investment at France's annual Choose France summit, President Emmanuel Macron announced on Monday, with artificial intelligence and data infrastructure projects accounting for the bulk of commitments.

Radio France Internationale

President Emmanuel Macron announces €93 billion in 'Choose France' investments

Since the first "Choose France" in 2018, a year after Macron came to power, more than 230 projects have been announced, representing several thousand jobs, according to the Élysée Palace.

Euronews

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France 24

Macron announces €93 billion in foreign investment at 'Choose France' summit

French President Emmanuel Macron said foreign companies have pledged a total of €93 billion worth ⁠of investments at the annual "Choose France" summit on Monday, particularly for AI and data projects. The conference could see announcements on rare earth investments in France.

The Economic Times

AI may impact "lucrative job market linked to IT services": EY report

Artificial Intelligence will significantly reshape India's skilled workforce and its IT sector. EY's report highlights potential job market shifts. While India's economic growth remains strong, adapting to AI's evolution is crucial. Policymakers must address technological changes alongside other global challenges to maintain India's growth trajectory and economic future.

Fortune

A little-known semiconductor company just won an entrepreneur contest that previously honored Jensen Huang and Michael Dell

Also: All the news and watercooler chat from Fortune.

The Economic Times

IMEC, Indo-Pacific routes key to reducing Hormuz dependence: EY

India is urged to diversify its trade routes and develop new corridors like IMEC and the Indo-Pacific route. This aims to lessen dependence on the Strait of Hormuz amid West Asia tensions. The nation must prepare for economic shocks by building strategic reserves and shifting towards green energy.

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Fortune

Why some CEOs still choose Europe over the U.S.

Also: All the news and watercooler chat from Fortune.

The Economic Times

Venture investments halve in Apr to $2.7 bn as rupee depreciation weighs on sentiment

Venture capital and private equity investments in April saw a sharp decline. Funds invested $2.7 billion across 38 deals. This marks a significant drop compared to previous periods. Rupee depreciation and geopolitical tensions impacted investor sentiment. Real estate, financial services, and technology sectors received the most funding. Fundraising also reached…

Radio France Internationale

France tops European foreign investment ranking despite wider slowdown

France has been named Europe’s leading destination for foreign investment for the seventh consecutive year – but its position conceals underlying vulnerabilities, according to a new survey of the continent's attractiveness to investors.

The Economic Times

Banks must compete on customer experience to stay relevant: EY report

Banks must prioritize customer experience to stay relevant, evolving branches into 'phygital' advisory hubs, according to an EY India report. The future of banking hinges on a blend of human interaction and AI, focusing on anticipating needs and providing timely support. While personalization is growing, trust in chatbots lags, highlighting…

The Economic Times

Kalpataru, Shangrila Infracon plan debt fundraise via private credit funds: Report

They are likely to receive interest from private credit funds, which have been on the lookout for decent-sized deals, one of the sources said.

The Guardian - US

From phishing to porn star impersonators: how scamming athletes became a billion-dollar industry

Athletes have always been targets for criminals hoping to profit from their wealth. But a new wave of dangers has cropped up in recent years

Evening Standard

Households to slam brakes on spending as Iran war sends cost surging, warns EY

EY’s economic outlook shows UK consumer spending growth will grind almost to a halt, at a predicted 0.3% for 2026, as inflation set to rise to 4%.

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