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EXPLAINED: 12 - The Real Truth

Why retail’s $100 billion ‘shrink’ crisis may not be all about shoplifting

The trend of shrink appears to be far from reversing course, with losses more than doubling over the past five years.

Fortune

WorldTour 2.0 - Expect One Cycling project to make small, covert steps in 2024

2024 season preview: Reforms must include all stakeholders and history shows that is always complicated

Cycling News

HR leaders are still committed to DEI in 2024 despite the ‘anti-woke’ backlash

No HR leaders plan to scale back DEI initiatives in 2024, according to a recent Conference Board survey.

Fortune

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read the most diverse news in one place.

Wirecard's Bombshell Lawsuit Against EY Adds €1.5B in Damages!

Wirecard unleashes a billion-euro lawsuit against auditing firm EY, seeking justice and demanding 1.5bn euros in damages. A high-stake battle ensues!

Top News

'Significant failure': Auditor slams ACT processes which wasted $77.7m

Program was 'accepted' but not formally 'endorsed', auditor says.

The Canberra Times

US Fed Pause Expected Amid Flurry Of Rate Decisions

The US Federal Reserve will likely hold its key lending rate at a 22-year high on Wednesday -- the first of a series of crucial central bank decisions this week.

International Business Times

US Fed Expected To Pause Again As Inflation Edges Closer To Target

The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.

International Business Times

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American workers keep proving they don’t need to return to the office to be productive

The productivity of U.S. workers grew 5.2% in the third quarter, at the fastest pace since 2020.

Fortune

How EY’s consulting business is attracting Gen Z talent

EY’s consulting business is using flexible work arrangements and real-time performance feedback to attract Gen Z talent.

Fortune

‘Desktop research’: consultants had six weeks to pull together Victoria’s Commonwealth Games business case

Representatives from three consultancy firms tell inquiry they were unable to inspect venues or speak to key stakeholders

The Guardian - AU

Daniel Levy ‘proud’ as report reveals Tottenham’s investment in local community

The club chairman has promised for new homes and a hotel to be built in the area surrounding Tottenham Hotspur Stadium.

The Independent UK

EY CEO: ‘This is the COP to show, not tell, what climate action looks like’

'The public’s patience for rhetoric without results is wearing thin,' warns EY CEO Carmine Di Sibio.

Fortune

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

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International Business Times 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.

The Guardian - AU

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

Fortune

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.

The Guardian - AU

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

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The Guardian - UK

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

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

Fortune

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.

AAP

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.

Fortune

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.

The Independent UK

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.

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