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EXPLAINED: 6 | Vintage Vibes

'Incredible': Scotland bucking international trend on foreign investment, study finds

SCOTLAND has been the top destination for foreign direct investment in the UK outside of London for a decade, new research has found ...

The National (Scotland)

Trivago watched its revenue forecast plummet from $1 billion to nearly zero—so the company tapped a set of former interns to turn it around

Trivago’s CEO, CFO, and CMO were all once interns. Now they’re trying to bring billions in revenue to the company.

Fortune

Productivity pickle a top priority for upbeat treasurer

Falling interest rates and Australia's competitive advantages are reasons for optimism, says the treasurer as he sets his sights on improving productivity.

AAP

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US April Inflation Cooled More Than Expected, Despite Tariffs

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.

International Business Times

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Euronews

EY report: Europe’s ability to attract investment at its lowest in 9 years

France, U.K., and Germany had the most foreign projects—but there was a double-digit decline in the number of projects in each country, EY found.

Fortune

Fortune’s 2025 CEO Survey shows increasing pessimism

Also: Inflation still top of Fed Chair Jerome Powell’s mind, Meta’s fraud problem.

Fortune

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UK foreign investment falls as funding from US dries up, survey shows

The UK secured fewer investment projects than France for the fifth year in a row, according to EY’s annual UK attractiveness survey.

Evening Standard

‘Significant doubt’ revealed over Bank of London’s ability to keep operating

Auditors question if Peter Mandelson-linked firm can raise adequate funding after news of regulator’s investigation

The Guardian - UK

Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate

The Independent UK

Americans would suffer most if Trump imposes pharma tariffs, sector warns

Industry says levies would hit supply chains, making medicines potentially unaffordable for some US patients

The Guardian - UK

UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

The Guardian - UK

US tariffs threaten to derail UK economic growth, EY warns

EY said it was now expecting UK GDP to grow by 0.8% this year, down from the 1% growth projected in February.

Evening Standard

Three Options for Retirees With Concentrated Stock Positions

If a significant chunk of your portfolio is tied up in a single stock, you'll need to make sure it won't disrupt your retirement and legacy goals. Here's how.

Kiplinger

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TechRadar

British businesses are getting used to AI at work - but there are still plenty of hurdles to overcome

British businesses are benefiting from AI, but the same old hurdles still prevent some from getting the full benefits.

The Guardian - UK

EY being investigated over Post Office auditing during Horizon scandal

Financial Reporting Council looking into whether firm met its standards in connection with Horizon IT system

Evening Standard

EY investigated by watchdog over audit of Post Office’s Horizon system

The Financial Reporting Council said it had started looking at the audits conducted between March 2015 and March 2018.

TechRadar

Beyond automation: how AGI will reshape decision-making, innovation, and governance

Beatriz Sanz Saiz, EY Global Clients and Industry Leader, reflects on the challenges and opportunities of agentic AI and AGI.

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Evening Standard

EY fined almost £5m for Thomas Cook auditing failures

The historic travel agent collapsed in 2019, resulting in 9,000 job losses.

The Guardian - UK

EY fined almost £5m for breaching standards in Thomas Cook audit

EY admits to failings in assessment of 2017 and 2018 financial statements of travel firm, which collapsed in 2019

The Texas Tribune

Texas Republicans take aim at public transit in two major cities

The Texas Legislature is considering bills that transit officials warn could hamper public transportation in the Austin and Dallas-Fort Worth regions.

Fortune

Consumers will bear the brunt of tariff costs, say economists

Companies are embarking on tariff mitigation strategies.

Fortune

Trump's 'Liberation Day' tariffs were worse than expected—sparking a global selloff

Also: Elon Musk denied he was leaving DOGE early, Google sued for discriminating against men.

Fortune

Super Micro, which has had a bumpy ride since its auditor quit, finally hired a general counsel

The server manufacturer also recruited an audit and accounting veteran as its latest independent director to join the corporate board.

Euronews

Should European countries reconsider their plans for Big Tech taxes to avoid US tariffs?

Tax or tariffs? Officials in the UK and Poland are debating what they should do regarding proposed and passed digital sales taxes to potentially avoid new US trade barriers.

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