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The Latest Breaking News from EY

Most sponsors of Cop28 have not signed up to UN-backed net zero targets

Firms including Bank of America have made no commitment to cut emissions in line with target system, analysis finds

The Guardian - UK

Wilko’s former chair tells MPs she was devastated by collapse of retailer

Lisa Wilkinson says her family’s multimillion-pound fortune was not enough to save the chain

The Guardian - UK

Businesses Will Benefit From Recruiting Female Athletes As Their Leaders, Report Suggests

Introducing children to sports at a young age can generate successful business leaders and assist with the fight to end gender inequality.

International Business Times UK

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Report critical of big four consultancies was censored by Australian government agency, academic claims

Peter Carey tells inquiry he was asked by Accounting Standards Board to omit details because partners from PwC, KPMG, Deloitte and EY sat on the board

The Guardian - AU

EY considering closing major HQ amid hybrid working shift

It could be the latest blow for corporate real estate, which may be in a bubble with vacancies at 30-year highs.

Fortune

EY fired Australian partner accused of promoting tax minimisation scheme, letter published by Senate inquiry reveals

The former partner is accused of receiving more than $700,000 in unauthorised payments from clients, letter says

The Guardian - AU

HP disputed with auditors whether Lynch fraud behind $5bn of Autonomy writedown, filing says

Documents submitted to US court in case over allegations founder duped HP into overpaying for software firm

The Guardian - UK

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Britishvolt owner reportedly faces legal action over unpaid wages

Recharge Industries served with statutory demand from former employee that could lead to bankruptcy proceedings, FT reports

The Guardian - UK

Green data: Disclosing your climate risks

Measuring a company’s climate footprint is good for the planet and good for business, but where do you start – and where do you stop?

Newsroom.co.nz

Inside a bankruptcy committee’s ongoing investigation into the failure of Silicon Valley Bank

Since June, the Committee has subpoenaed documents from McKinsey, Curinos, BlackRock, Ernest & Young, and Goldman Sachs to unearth all available information.

Fortune

EY sheds 232 staff as consulting giants bleed jobs

Consulting company EY has sacked more than 200 staff as demand for financial services and public sector work plummets.

AAP

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

Fortune

Decade-low mortgage growth forecast amid high costs

Mortgage loans in 2023 are expected to rise just 1.5% net and 2% net in 2024

The Independent UK

Decade-low mortgage growth forecast amid high mortgage costs and sluggish demand

Significant cost-of-living pressures continue to affect households’ ability to spend, according to EY ITEM Club.

The Independent UK

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Fortune

How companies are revamping their interview process for neurodivergent talent

Dell, Ubisoft, and EY created new interview and recruitment processes for talent with autism, ADHD, and dyslexia.

Newsroom.co.nz

The new world of digital work

Digital workers demand flexibility, great offices, and top technology. As Peter Bale finds out, employers want transformation.

Fortune

How big companies from EY to Johnson & Johnson are learning to master AI prompts

Embracing AI is the easy part—firms have already moved on to harder parts like making AI actually work for their business.

Fortune

How Blockchain could make supply chains more efficient

Although blockchain won't eliminate the need for trust, EY says, the ledger tech could give retailers more clarity on where disruptions occur.

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AAP

Comm Games promo $600k price tag money 'well spent'

Victoria's canning of the 2026 Commonwealth Games has increased interest in people coming to the state, the head of the government's tourism company insists.

The Independent UK

Stock market today: Asian shares rise with eyes on prices, war in the Middle East

Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas

The Guardian - UK

Metro Bank to slash costs after £925m rescue deal

Lender confirms customers have started to pull money out amid worries over its financial health

The Guardian - UK

Metro Bank agrees rescue deal with investors

Lender secures £325m capital from new and existing shareholders and £600m of debt refinancing

The Conversation

Beyond the PwC scandal, there’s a growing case for a royal commission into Australia’s ruthless corporate greed

Accounting and consulting group PwC has been front page news ever since its chief executive Tim Seymour stepped down “effectively immediately” in May, when the firm said it had “betrayed the trust” of Australians and promised an independent review of its governance, accountability and culture.

Fortune

Many Gen Zers have a full-time job and a side hustle, partly because they're wary of getting burned by their employers: ‘They've seen it happen to their parents, to millennials’

Gen Z sees side hustles as just a smart way to diversify their income streams and plan for a financial future.

Fortune

Gen Z can’t work alongside people with different views because they ‘haven’t got the skills to disagree,’ says British broadcasting boss

Channel 4's chief exec blames social media and the pandemic for Gen Z’s deficiency in essential workplace diplomacy.

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