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...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
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...Jonathan Tottman Former Counsellor, EU External Action Rule of Law Service, Sana’a, Yemen Former UK Law Enforcement Counter Terrorism Attache to Yemen and Oman...
...In India — a global hub for back-office services — more than 5mn people work in IT and business process outsourcing, according to industry group Nasscom....
...Janet Truncale, EY’s incoming global boss, will be tasked with developing a new strategy for the firm, which made $49bn in revenues last year....
...Its deposits will not be protected under the Financial Services Compensation Scheme....
...Growth in the services sector offset weakness in manufacturing to lift S&P Global’s monthly gauge of eurozone corporate activity for April above the forecasts of most economists....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...Chris Williamson, chief business economist at S&P Global Market Intelligence, said the UK’s economic recovery “continued to gain momentum” as improved growth in the services sector offset a renewed downturn...
...The global banking regulator is sounding out investors on the suitability of additional tier 1 bonds, a form of debt that was wiped out when Credit Suisse collapsed last year....
...The NHS has agreed a long-awaited deal with global drugmakers to raise the growth cap on the UK’s annual drugs bill, opening the door to new and innovative medicines....
...Pressures in good, services and shelter (food and energy are less of a problem now) are abating, or already have....
...This was helping to weaken pay growth, which in turn had started to feed into weaker services inflation, he said....
...According to separate UN trade data from 2022, the UK has consolidated its position as the world’s second-largest services exporter after the US, accounting for about 7 per cent of global services exports...
...A study of 80 global capability centres by Xpheno, an Indian specialist staffing company, this year found that a third of the workers were hired from IT service providers....
...And services inflation is too high still. Everywhere....
...Some economists have warned that services inflation has been further propped up by unexpectedly high consumer demand for services and therefore may take longer to respond to disinflationary pressures....
...Official figures last week showed that while headline inflation retreated somewhat in March, annual growth in the price of services slowed less than expected, from 6.1 per cent to 6 per cent....
...China has been the envy and fear of global electric-vehicle manufacturers....
...Geopolitical tensions could add to these pressures, including through a reorganisation of global value chains....
...China’s AutoFlight Group won airworthiness certification from the Civil Aviation Administration of China in late March for the design and parts for its unmanned CarryAll aircraft — a global first for an...
...The sharp decline in attrition is a phenomenon across professional services firms and around the world, compounding the effect of a slowdown from the post-pandemic boom in advisory work on digital services...
...“Diageo has an unrivalled portfolio, a global footprint and world-leading capabilities,” said Manzoni, who will succeed Javier Ferrán in the role....
...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
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