YOU WONT BELIEVE: 2 - You Need To See This

Britain's 2027 Money Warning: How a Closed Strait of Hormuz Could Hit Your Wallet

Ernst & Young warns that the UK could face a recession if the Strait of Hormuz remains closed, impacting inflation and economic growth. The closure affects global energy markets and UK households.

International Business Times UK · Aug 3

Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruption

According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, before growing 1.2% in 2027 under its base-case scenario.

The Economic Times · Aug 3

Recession risk if Strait of Hormuz stays closed until next year

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The Independent UK · Aug 3

India's cities need USD 2.4 trillion investment by 2050, but municipal corporations raise only a fraction: Report

India's cities will require an estimated USD 2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have so far mobilised only a fraction of the required capital, according to a joint report released by FICCI and EY on Tuesday.

The Economic Times · Jul 28

EY and partner fined £1.2m over Made.com accounting failures

Watchdog officials said the auditors relied too heavily on the retail group’s own forecasts and did not sufficiently challenge them.

Evening Standard · Jul 28

Ernst & Young reveals data breach following hack on support system

Someone pulled sensitive customer data from EY's servers, but the data is yet to surface anywhere.

TechRadar · Jul 20

Travel firms and housebuilders lead profit warnings amid Iran war fallout

The figures from EY-Parthenon show UK listed firms made 59 profit alerts in total across the second quarter, up from 55 in the previous three months.

Evening Standard · Jul 19

The Global Race to Regulate AI Is Creating New Risks for Businesses

AI regulation is a healthy step for states and countries concerned about the speed of AI adoption. However, it's creating new complexities for businesses to navigate.

International Business Times · Jul 16

Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandals

Australia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australian Securities and Investments Commission to improve sector regulation. This move aims to boost accountability and transparency within the audit industry. Several Big Four firms have faced scandals and investigations in recent…

The Economic Times · Jul 16

'End of an era': 200 jobs lost, unique smelter shuts

The nation's only manganese smelter, which produced material critical to steel manufacturing, will shut after a buyer couldn't be found.

AAP · Jul 16