Hints and tips:
...“If we do nothing, the explosion of debt will paralyse government action, strangle it,” Pierre Moscovici, who heads France’s Court of Audit, told L’Express magazine....
...And we will also put in place a plan to realise the tens of billions of savings recommended in an excellent speech by the Head of the National Audit Office....
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...The UK may have a more detailed strategy compared to that of many other countries but several government watchdogs, including the National Audit Office, have warned repeatedly it is failing to deliver on...
...Karin’s decisive actions in dealing with the Credit Suisse banking crisis earlier this year rescued the Swiss economy. We all owe her a debt of gratitude....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...Credit the cash cushion American consumers and corporations built during the pandemic....
...For our readers elsewhere, here’s an explainer on the newest national American holiday....
...And on the corporation tax point, ever since Truss has said that she didn’t want to put up corporation tax from 19p to 25p, which she said she was going to do, a lot of businesses have said we’re all for...
...Its biggest rival is now the National Payments Corporation of India, a not-for-profit set up by the RBI with a consortium of Indian banks to develop payments infrastructure at the heart of the government...
...National Grid said it is buying Western Power Distribution, the UK's largest electricity distribution business, from PPL Corporation for an equity value of £7.8bn....
...MM: Will you be pushing for carbon price to be embedded in national accounts and company audits? And if so, what kind of carbon price will you be looking at? Yes....
...These developments are reflected in a wave of sovereign credit rating downgrades....
...“An opportunity was missed,” said the head of audit at a rival firm....
...However, the Swedish Export Credit Corporation caps its fossil fuel operations at 5 per cent of total lending, and in 2019 France banned export credits for coal, shale oil and gas, and routine flaring....
...The audit watchdog has sanctioned KPMG and the former senior partner of its Manchester office, Nicola Quayle....
...Large corporations have savings and lines of credit to make payroll, but shopkeepers with no revenues are at immediate risk of missing next month’s rent....
...In the years after the financial crisis of 2008, consolidation accelerated in certain sectors, creating national champions such as screen maker Japan Display....
...liquidity and limit the financial turmoil of an expected wave of credit downgrades....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...Chinese regulators from tax officials to customs agents are increasingly rating companies according to compliance with regulations, and sharing “blacklists” of corporations found to have violated rules....
...Negative rates may be necessary to help support the flow of credit to non-financial corporations. But much of the heavy lifting will have to be done by fiscal policy....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Last week, Dewan Housing Finance Corporation Limited, one of the country’s biggest mortgage lenders, was downgraded by credit ratings firms to “D” following missed debt payments, causing its shares to plunge...
...(FT) NRA v San Francisco The National Rifle Association sued San Francisco on Monday over the city’s recent declaration that the gun-rights lobby was a “domestic terrorist organisation.”...
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