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The Latest Breaking News from EY

Trump’s team promised governments would ‘eat’ its tariffs. Execs say they’re passing on at least 50% to consumers

Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.

Fortune

Deloitte says office attendance will be considered as part of some employees' performance reviews to decide their bonuses

Deloitte, a proponent of flexible work, has added office and client site attendance to its performance metrics for a team in the US.

Fortune

Poshmark’s CEO lets his Gen Z workers chose what he wears—he says it helps him ‘immerse’ into the next generation’s thinking

Manish Chandra taps young employees to revamp the fashion company’s app, and suggest new brands to be added to the site.

Fortune

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The US economy has suddenly been thrown into reverse as key GDP indicator flashes stunning negative forecast

The Atlanta Fed’s GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days earlier.

Fortune

Super Micro insiders dump millions worth of stock after getting the all-clear sign from Nasdaq on its financial filings

The server manufacturer was delinquent on its annual financial and quarterly reports but met a Feb. 25 deadline set by Nasdaq to regain compliance.

Fortune

Super Micro Computer finally offers belated financial reports and blames EY for the holdup

Super Micro announced that it is current with its SEC financial reporting obligations and has not restated any previous filings.

Fortune

The wealth management industry is running out of advisors

A new report from McKinsey indicates the industry will be short 100,000 advisors, thanks to rising demand and talent/recruitment shortages.

Fortune

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Mortgage lending ‘set for a boost in 2025 after two years of suppressed demand’

The UK’s gradual economic recovery is strengthening confidence, according to the EY ITEM Club outlook.

Evening Standard

UK mortgage lending growth set to double in 2025 as falling interest rates revive market

The UK’s gradual economic recovery is strengthening confidence, according to the EY ITEM Club outlook

The Independent UK

Storms and flooding took record toll on insurance claims in 2024 – ABI

The Association of British Insurers said it has ‘long stressed’ the need for further investment in flood defence and maintenance.

Evening Standard

Super Micro Computer Popped on Nvidia Capacity Update. Should You Buy, Sell, or Hold SMCI Stock?

Super Micro shares saw an uptick of 7.5% following its business update.

Barchart

‘I’m helping to make a better world’: meet the employees stepping up to deliver the energy transition

Having the freedom to work in different countries and with different technologies is a key benefit to a career in green energy. Here, three people share their experiences of having a job ‘without borders’

The Guardian - UK

Stocks Drop, Dollar Rallies As Year Of The Snake Starts With Bite

Tokyo, Seoul and Jakarta each shed more than two percent while Sydney, Bangkok and Wellington were each off more than one percent. Singapore and India also fell, while Hong Kong gave up early deep losses to end only marginally down. Shanghai remained closed for a holiday.

Latin Times

UK economic growth forecasts downgraded in blow for Reeves

UK GDP is expected to grow by 1 per cent in 2025, according to EY’s winter forecasts

The Independent UK

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Evening Standard

UK economic growth forecasts downgraded for 2025 – EY

It represents another blow to Chancellor Rachel Reeves’ hopes to rapidly grow the UK economy.

TechRadar

CEOs increasingly admitting AI could be the key to business success

Business leaders are increasingly aware that successful AI adoption can help make them industry leaders.

The Independent UK

Only twice in history have more UK companies issued profit warnings than last year

Cancelled contracts and order delays were the biggest reasons cited for the lowered guidance

Fortune

This company has the most remote job postings that pay up to $300k, and its attracting WFH job-seekers as more CEOs demand they get back to the office

Veeva is recruiting from far and wide to boost its remote-forward business.

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news in one place.

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The Guardian - UK

UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

Fortune

Gen Z really are the hardest to work with—even managers of their own generation say they’re difficult

Meanwhile, baby boomers were ranked as the easiest to manage.

Fortune

HR executives from Hilton, PwC, and Ally Financial weigh in on how recruitment will change in 2025

Management will lean on AI and prioritize skills-based hiring to woo top talent.

The Independent UK

What the London Stock Exchange exodus could mean for Britain

Analysis: In a post-Brexit world, keeping its place as the top financial centre in Europe seems more realistic than competing with New York

Fortune

HR leaders from PwC, Salesforce, and Google Cloud share their AI predictions for 2025

The people leaders say AI will change the management function in these key ways.

The Independent UK

London stock market hit by biggest exodus since global financial crisis

Just Eat, Flutter, Tui, and Ashtead were among those to announce plans to ditch their main UK listing

Evening Standard

2024 sees biggest exodus from London stock market since global financial crisis

Just Eat, Flutter and Tui were among the firms to ditch their main UK listing in 2024.

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