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BIZARRE: 19 - You Need To See This

Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

ABC News

Brexit a big factor in companies snubbing London for New York, says senior economist

UK stock market valuations have slumped since the 2016 vote to leave the EU

Evening Standard

THG receives buyout proposal from private equity, FTSE 100 posts best run since December 2020 – as it happened

Rolling coverage of the latest economic and financial news, as UK’s blue-chip index heads for seventh day of gains in a row

The Guardian - UK

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50% of Gen Zers and Millennials say online experiences are meaningful replacements for the real thing

Gen Xers and Boomers are less satisfied with digital substitutes.

Fortune

Jessica Watson shares how lessons learnt at sea helped her navigate the waves of grief over losing partner

Jessica Watson faced life-threatening storms and a collision with a tanker as "the girl in the pink boat" who sailed the world solo, but nothing would be as hard as the tragedy she would face 11 years after her record-breaking voyage.

ABC News

EY plan to break up consultancy and audit divisions blocked by US office

Accountancy firm confirms work has stopped on radical scheme after internal concerns about structure

The Guardian - UK

Occidental's Vicki Hollub on what future CEOs need to know before moving into the C-suite

She also recounts what it was like to call Warren Buffett to talk about a deal.

Fortune

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Anger as ministers shell out £10,000 a DAY on consultants to stop small boats

Labour's shadow immigration minister Stephen Kinnock said the Government is paying pricey consultants to 'do their job for them' after agreeing a £3.9 million contract for 'leadership services' to end small boat crossings

Daily Mirror

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

Prospective Sheffield United owner publishes audit of his company’s finances

Nigerian billionaire Dozy Mmobuosi has published an independent review by auditors from Deloitte.

The Independent UK

Outlook 'now less certain' given mixed economic picture

Latest economic commentary highlights persistent inflation and recent banking collapses

Insider UK

No economic growth forecast until next year as outlook ‘exceedingly uncertain’

The Scottish economy is forecast to shrink by 0.7% in 2023.

The Independent UK

As Australia faces a ‘hydrogen tipping point’, the energy industry needs smart policies, not huge handouts

The US pouring billions into new technology is a ‘global gamechanger’ Australia must swiftly capitalise on, according to analysts

The Guardian - AU

Bankruptcy won’t stop Qld coal-power plant getting back online by September: Administrators

Plans to get Qld's Callide C coal-fired power station back online will go ahead despite its co-owners' voluntary administration

The New Daily

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AAP

Co-owners of troubled plant in voluntary administration

Voluntary administrators have been appointed to the co-owners of the issue-plagued Callide C coal-fired power station in central Queensland.

Fortune

The interview question Deloitte uses to suss out candidates

If you can highlight only one thing on your résumé, what is it and why?

The Guardian - UK

Security guard, schoolgirl, Snow White … the artist who films herself undercover

By infiltrating Securitas, Disneyland and Deloitte – where she spent days just riding the lifts – Pilvi Takala’s art thrives on creating toe-curlingly awkward situations

Daily Mirror

Kate Middleton means business in chic suit as she hosts meeting with City high-flyers

Kate Middleton met with leaders from a series of global firms such as Ikea, Lego and Iceland in the City of London today to launch a brand new business taskforce to support early childhood

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The Independent UK

Major firms to support Kate’s launch of business taskforce on early childhood

The princess is hosting an inaugural meeting at NatWest’s headquarters, with Deloitte and Unilever among those taking part.

Caixin Global

U.S. Audit Watchdog to Start New Round of Inspections in Hong Kong

Reviews will involve work of EY, Deloitte, PwC and others in HK and on mainland with officials from CSRC and Finance Ministry assisting

Fortune

CEOs: Inflation is still the 800-pound gorilla in the room

What are CEOs thinking right now? To find out, Fortune once again ran a CEO survey, conducted in collaboration with Deloitte.

ABC News

Governments are increasingly reliant on consulting firms. Critics says it's often to their detriment

Critics say governments are outsourcing their own knowledge and activities to consulting firms, yet these firms aren't held to the same standards as the public sector.

Fortune

It's time for CFOs to 'adjust their burn profile' and make available cash last two years

Managing risk and cash flow are top of mind amid bank failures.

Tribune News Service

How frugal shoppers are helping to fight inflation

It's not just the Federal Reserve that can fight inflation — consumers can, too, by changing their buying habits, Deloitte researchers say.

Motorsport

Toyota "can't be optimistic" despite apparent gains with CNF

Tsuboi set the third-fastest time of the opening day of the test on Saturday and overall in the #36 TOM'S Toyota he shares with Ritomo Miyata, lapping within two tenths of the pace set by ARTA Honda's Nirei Fukuzumi.

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