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BIZARRE: 7 | Mind Blowing Facts

Inside Super Micro's wake-up call: After riding the AI wave, the $20 billion tech giant is crashing back to earth amid a financial crisis and family drama

Auditor Ernst & Young just walked out in the middle of auditing Charles Liang’s tech giant, but Super Micro disagrees with EY’s decision to quit.

Fortune

Super Micro Computer Shares Plummet 30% After Accounting Firm Resigns

Super Micro Computer faces challenges as Ernst & Young resigns amid financial concerns. Company's shares drop 30%.

Top News

Australia's inflation down, but not out

There were few surprises in the inflation read-out, with economists broadly of the view underlying price pressures should keep the cash rate on hold until 2025.

AAP

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Data Sheet: Wait times can vary

They had to join a waitlist before receiving the promised AI-powered features.

Fortune

KPMG says the CPA qualification's '150-hour rule' needs to go

Educators often claim that accounting firms don’t pay enough to attract talent lured by lucrative salaries in other areas of business.

Fortune

Inflation may be about to hit a three-year low. Does that mean the cost-of-living crisis is over?

Not really, because CPI is just one factor. A better measure of how we’re faring is household disposable income

The Guardian - AU

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

Evening Standard

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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

EY fired dozens of staff members who attended 2 video training meetings simultaneously

EY has already been forced to pay dearly for employees who abuse internal training and testing systems.

Fortune

Here’s what it would take for Europe to successfully compete with the U.S. and China, according to EY

Europe can shape its future with confidence—but only if it focuses on competitiveness.

Fortune

John Swinney to attend investment summit with aim of boosting renewables

FIRST Minister John Swinney will attend a major international investment summit in London on Monday.

The National (Scotland)

Your 'Local Everything': What 7-Eleven Buyout Battle Means For Japan

In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard.

International Business Times

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

Newslaundry

3 Cloud Computing Stocks You Can’t Afford to Miss

Amid the widespread digital transformation, cloud computing stands out as an attractive market because of its flexibility, cost optimization, and enhanced data security. Therefore, you can’t afford to miss investing in three key cloud computing stocks: Alphabet (GOOGL), International Business Machines (IBM), and Workday (WDAY). Keep reading.

StockNews.com

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Latin Times

Accounting Firm Where Woman Died from 'Overwork' Has Operated for Decades Without a Cap on Work Hours

26-year-old Anna Sebastian Perayil's death triggered a federal government investigation into employee welfare at Ernst & Young.

Fortune

Financial controllers are the CFO's right hand—and 86% say their role will change dramatically

The finance organization will undergo a substantial shift in the next five years.

The Guardian - UK

African football executive accused of ‘whitewashing’ report into his conduct

Caf’s general secretary, Véron Mosengo-Omba, has been accused of ‘whitewashing’ an investigation into allegations of serious misconduct against him

The Guardian - UK

More than 2,000 jobs axed as UK prison builder ISG collapses

Administrators EY confirm construction company, involved in 69 live government projects, has ceased trading

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International Business Times UK

26-Year-Old Joins EY Pune, Dies From Stress Just Four Months Later: 'Manager Assigned Tasks At Night With Deadlines The Next Morning'

Anna Sebastian Perayil, a 26-year-old CA, tragically passed away after working at EY Pune for four months, allegedly due to excessive workload and work stress.

Latin Times

Young woman dies four months into new job. Her mother blames company for 'glorifying overwork'

Her mother hopes her daughter's death serves as a wake-up call.

Fortune

EV price parity with gas vehicles is closer than you think

Progress toward price parity between electric vehicles and traditional gas vehicles has been immense in the past few years.

InsideEVs

Fewer Americans Want EVs, But Not For The Reasons You Think

EV demand is down from last year, but more Americans want hybrids.

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.

Fortune

How EY uses AI and coaching to hire and support neurodivergent workers

The consulting giant offers communication support and coaches for neurodivergent staffers.

The Canberra Times

Report into cost-increase and delays suffers its own cost increase, delays

The EY review into a blighted IT project is still months away.

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