In a bid to help out PricewaterhouseCoopers‘ China unit, the audit major is likely to tap senior partner from the United Kingdom to run its business in the East Asian country as fallout from collapsed property developer Evergrande continues to mount, reported The Financial Times quoting its souces. ‘The accounting firm’s global leaders have tapped...
Category: Bussiness
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Chemistry courses, departments face closure in the UK highlighting higher education’s financial woes
Two UK universities are proposing to close their chemistry courses and senior academics are warning that department closures could become commonplace if the financial challenges facing the country’s higher education sector are not addressed. Significant redundancies already reported by other universities could point to future chemistry department closures. In July, the head of chemistry at...
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Britain’s local governments at ‘serious’ risk of ‘widespread collapse’ | CNN Business
London CNN — Local governments across England, Scotland and Wales face a £4.3 billion ($5.6 billion) hole in their finances in the coming year, according to a new report. That could force cuts to jobs and vital services, such as rubbish collection. In a paper Monday, Unison, the United Kingdom’s largest trade union, warned that,...
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Billions lost every year from small businesses evading tax
The UK is losing billions of pounds a year in revenue as tax evasion among small businesses is growing, according to a National Audit Office (NAO) report on tax evasion in retail. HM Revenue and Customs (HMRC) lost an estimated £5.5bn due to tax evasion in 2022-23, with small businesses accounting for 81 per cent...
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Reynolds puts finishing touches to £1.25bn Port Talbot deal
Ministers are racing to finalise a £1.25bn deal with Tata Steel, the owner of Britain’s biggest steelworks, amid fading hopes of a similarly consensual agreement with the industry’s second-largest player. Sky News understands that Jonathan Reynolds, the business secretary, wants to make a statement to parliament on Wednesday about the Tata Steel deal after Prime...
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EY mulls appointing first woman as UK CEO
EY could be on the brink of appointing the first woman to permanently head a Big Four firm in the UK. A shortlist of candidates to succeed Hywel Ball suggests the British member firm could be about to follow in the footsteps of the global entity – which appointed a woman as CEO for the...
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Cynozure appoints Kim Gray to advisory board
Insurance and financial services consulting expert Kim Gray has joined Cynozure’s advisory board. Prior to this role, she served as a leader with NTT Data UK. Jason Foster, CEO of Cynozure, commented on the appointment, “We are excited to welcome Kim to our Advisory Board. Her deep knowledge and experience in the financial services and...
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United Kingdom Embedded Finance Business Report 2024-2029: Consumer Duty Regulation Shaping Product Design and Marketing, Embedded Wealth Management Expands as Robo-Advisors Partner with Digital Banks
Dublin, Sept. 09, 2024 (GLOBE NEWSWIRE) — The “United Kingdom Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q2 2024 Update” report has been added to ResearchAndMarkets.com’s offering. The embedded finance industry in UK is expected to grow by 6.3% annually to reach US$6.47...
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US, UK intelligence agencies issue joint statement for ceasefire in Gaza
So far there has been no agreement, though United States officials insist a deal is close. | File Photo: Bloomberg 3 min read Last Updated : Sep 07 2024 | 4:38 PM IST The heads of the American and British foreign intelligence agencies said Saturday they are working ceaselessly for a cease-fire in Gaza,...
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PwC tells employees it will use location data to police ‘back-to-office’ rule | CNN Business
London CNN — PricewaterhouseCoopers (PwC) will start tracking where its employees in the United Kingdom work, in a bid to dial back its current work-from-home culture. Staff at the UK arm of PwC, one of the world’s “Big Four” accounting firms, were this week informed by management that the new policy would take effect on...
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Tycoon Caring close to clinching £1bn sale of Ivy Collection
The billionaire businessman Richard Caring is close to clinching a sale of his collection of Ivy restaurants, paving the way for a new owner of some of London’s biggest celebrity haunts. Sky News has learnt that Mr Caring, who began exploring an auction late last year, is on the brink of signing a deal with...
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India-UK FTA talks delayed as new British govt yet to form negotiation team
While many aspects of the deal have been settled, some key issues remain unresolved. The Indian delegation last visited the UK in April to address some of these matters. (Photo: Shutterstock) 2 min read Last Updated : Sep 05 2024 | 6:05 PM IST The UK-India free trade agreement (FTA) appears to be on...