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The Latest Breaking News from PwC

Deloitte cuts 250 UK jobs amid slowdown for consulting giants

A person familiar with the matter said the cuts are part of a ‘performance management’ process at the company.

Evening Standard

Labor wants multinationals to reveal their worldwide income for tax purposes. That plan is under attack

Government says it is untenable for companies to self-declare what financial information is too commercially sensitive to be made public

The Guardian - AU

European IPO activity falls by more than 90% in third quarter

Europe saw 8 IPOs raising just €0.3 billion (£250 million), a fall of €3.3bn compared to the same period last year

Evening Standard

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Security threats are more pressing than ever for business leaders, with cloud worries taking top spot

Executives have never been this worried, yet this unprepared, about cybersecurity.

TechRadar

Working in the office 5 days a week to build company culture is a myth, PwC report says

Amazon has become the latest firm to end working from home in the name of company culture—a PwC reports suggests it could have the opposite effect.

Fortune

Ancient Scandinavians likely used animal skin boats to hunt and trade, study finds

Ancient people were one of Scandinavia’s first seafaring societies, study says

The Independent UK

People in Scandinavia may have used boats made of animal skins to hunt and trade 5,000 years ago

The people who created the Pitted Ware Culture may have used seal hides to build boats.

LiveScience

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Elon Musk faces moment of truth in Europe as buyers turn their backs on Tesla

September is a crucial month that could determine if Tesla can claw back recent losses in Europe or whether rivals like BMW can hold onto their gains.

Fortune

China gives PwC record £47m fine and six-month ban over Evergrande

Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have left

The Guardian - UK

China Bans PwC For Six Months Over Evergrande Audit

Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande.

International Business Times

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

The Independent UK

Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds

Worst net closures so far this year are on high streets, while retail parks and shopping centres fare better

The Guardian - UK

Accounting Firm To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

International Business Times

'Big Firm' To Monitor Employees Using Location Tracker To Ensure In-Office Attendance

In January, PwC UK will start monitoring employee office attendance as part of its efforts to encourage more in-person work.

International Business Times UK

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Newcastle Herald

Why young professionals no longer need to leave Newcastle to thrive

'We've passed the threshold vacuum in several sectors.'

The National (Scotland)

Scottish city set to grow faster than UK average, report finds

A SCOTTISH city is set to grow faster than the UK average over the next two years.

The Guardian - UK

Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

The Independent UK

PwC to track workers’ locations as it orders more time be spent in office

Hybrid working saw a massive post-Covid rise – but more employees are cracking down

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news in one place.

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Fortune

PwC is ‘tipping the balance’ of hybrid working and will start tracking their workers’ locations

PwC has demanded staff spend less time working from home—and it’s going to start tracking their location to ensure they comply.

The Guardian - UK

PwC to start tracking working locations of all UK employees

Accounting firm tells its 26,000 workers move is to ensure workers spend ‘minimum of three days a week’ in office

RideApart

Yamaha Drops 2025 JetBlaster, Also Updates Its WaveRunner Lineup

Yamaha has introduced its 2025 series of JetBlasters, while rolling out updates to its WaveRunner lineup, as well.

The Guardian - UK

PwC expecting six-month China ban over Evergrande audit

Company tells clients it also expects to receive a large fine following property developer’s collapse

Fortune

PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

The ban stems from PwC’s work with Evergrande, the bankrupt real estate developer whose default helped trigger China’s real estate crisis.

Caixin Global

Shanghai Composite Index Fell 0.27% on Thursday

Shenzhen Component Index closed down 0.82%

The Guardian - UK

Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened

Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August

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