PwC is facing a crisis in China as partners brace for fines over the audit of bankrupt property developer Evergrande and some clients reconsider their relationships with the accounting firm. China’s securities regulator ruled in March that Evergrande had inflated its mainland revenues by nearly $80 billion in the two years before the developer defaulted … Read more
In a large, airy room at the headquarters of healthcare company Philips, in the Dutch city of Eindhoven, a group of local teenagers are earnestly discussing how to improve care for ‘Robin’ – a patient about their own age who is suffering from appendicitis. Every step of the journey, from diagnosis to recovery, is illustrated … Read more
A wave of speculation by traders in futures markets has pushed the prices of metals such as copper and gold to record highs, as funds bet on coming supply shortages and try to hedge against inflation. Copper has risen 30 percent since early March and this week broke through $11,000 per tonne, its highest level … Read more
Stay informed with free updates Simply log in to the US stocks myFT Digest – delivered straight to your inbox. Traders are bracing for big swings in Nvidia’s stock price and the broader financial markets when the chipmaker reports first-quarter earnings on Wednesday. Options activity around the stock has mushroomed amid a fierce rally that … Read more
Paula Vennells will give evidence over three days to the inquiry, which starts this morning, with campaigners urging the ordained priest to take responsibility for widespread failings and a cover-up over the Horizon scandal. By means of James Sillars, business reporter @SkyNewsBiz Wednesday, May 22, 2024 1:38 AM, UK A victim of the Post Office … Read more
Image source, Getty Images Item information Author, Charlotte Edwards Role, Business reporter 5 hours ago Fake Olympics and Taylor Swift tickets are the two biggest online scams consumers are likely to encounter this year, UK Finance warns. The warning came as the banks’ lobby group reported that the number of people duped by romance and … Read more
Image source, Microsoft handout provided by PA Image caption, Microsoft CEO Satya Nadella at the launch of the Copilot+ AI assistant Item information Author, Imran Rahman-Jones Role, Technology reporter 3 hours ago Britain’s data watchdog says it is “inquiring with Microsoft” about a new feature that can take screenshots of your laptop every few seconds. … Read more
Adani Group has dismissed low-quality coal as a much more expensive cleaner fuel in deals with an Indian state-owned energy company, according to evidence from the Financial Times that sheds new light on allegations of a long-running coal scam. The documents, secured by the Organized Crime and Corruption Reporting Project (OCCRP) and reviewed by the … Read more
THIS is the shocking moment a speeding BMW skids across a road and into a front garden – before its occupants climb out and flee the scene. CCTV footage shows the black BMW 320 crashing into the front garden of a house in Bradford, West Yorkshire, at around 6.15pm yesterday. The black BMW 320 ended … Read more
WASHINGTON – As SpaceX prepares for its next Starship test flight, the company is also working to scale up facilities in Texas to build and launch these vehicles. SpaceX completed a wet dress rehearsal on May 20 of the vehicle that will perform its fourth integrated test flight, filling the vehicle with propellants and going … Read more