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Deloitte LLP
Deloitte US staff paid bigger share of revenue after hiring battle
...In the same period two years earlier, boosted by demand for digital transformation services after the pandemic, consulting contributed 52.5 per cent of revenues but 31.2 per cent of earnings....
October 10, 2023
Artificial intelligence
Microsoft to invest $1.5bn in Abu Dhabi AI group G42
...States,” Smith said....
April 16, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
TikTok Inc
TikTok’s US revenues hit $16bn as Washington threatens ban
...TikTok chief Shou Zi Chew also told the app’s users that, if passed, the legislation “will lead to a ban of TikTok in the United States”....
March 15, 2024
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
UPS replaces FedEx as main air cargo provider for US Postal Service
...FedEx moved most of the United States Postal Service air cargo nationwide....
April 1, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...accounting for 31 per cent of the total revenue....
April 20, 2024
Israel-Hamas war
Israel has not provided evidence to support UNRWA claims, report says
...Israel’s allegations prompted 16 donor countries to the UN Relief and Works Agency, including the US and several EU member states, to halt a combined $450mn in funding....
April 22, 2024
FT Live
Diversity in Finance Awards 2024
Celebrating diversity, inclusion and equality in the financial services sector.
Thursday, 20 June44 Grosvenor Square, London W1K 2HP, UK
Accountancy
Deloitte to axe 100 more UK jobs amid deals slowdown
...During its latest financial year, Deloitte’s UK and Swiss operations reported revenues of £5.6bn, a 14 per cent increase on the previous 12 months....
February 7, 2024
US immigration
New York files $708mn lawsuit over migrants bussed from Texas
...The state has since spent almost $90mn on the scheme, which has overwhelmed New York’s already creaking public services....
January 4, 2024
News in-depthDonald Trump
Trump masks his rage as ‘hush money’ trial starts
...top witnesses: Michael Cohen, the former Trump attorney and fixer who made the payment to Daniels and then, according to previous testimony before Congress, sought reimbursement from his boss for “legal services...
April 23, 2024
Gillian Tett
A rotten system for sovereign debt restructuring needs fixing
...Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates Flaws in New York State’s well-intended debt plan / From Leland Goss, Managing Director and General Counsel, International...
March 7, 2024
Due Diligence
The $1mn fees roiling Miami’s golf clubs Premium content
...test KPMG cheating scandal Miami’s new billionaires drive up the price of golf The exodus of hedge fund managers and bankers fleeing New York for Miami has put a strain on everything in the Sunshine State...
April 11, 2024
Middle East
Alvarez & Marsal restructuring executive detained in UAE
...An executive from consulting firm Alvarez & Marsal was detained in the United Arab Emirates while working to overhaul a Nasdaq-listed company that US authorities charged with fraud last month, according...
January 15, 2024
News in-depthWar in Ukraine
Ukraine hurries to fill US funding gap
...But Zelenskyy emphasised that this support was only open to those businesses that paid taxes — as tax evasion remains an issue that plagues the state’s finances....
March 10, 2024
Letter
Letter: IMF can help fix the system of sovereign debt restructuring
...Reza Baqir Former Governor, State Bank of Pakistan (2019-2022); Global Practice Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates...
March 14, 2024
Travel
When the sun went out: my eclipse adventure in New England
...The transition from city to country was vertiginous, which made my journey vivid and peculiar: there’d been recent snow, which now slid thudding from the eaves of painted barns set at intervals between bare...
April 13, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Artificial intelligence
Booming AI demand threatens global electricity supply
...Those comments followed a warning by Amazon chief Andy Jassy this year that there was “not enough energy right now” to run new generative AI services....
April 17, 2024
Due Diligence
Czech’s in the Royal Mail Premium content
...He previously worked at Global Counsel and served as a foreign service officer for the US state department....
April 18, 2024
LexUnited Parcel Service Inc
UPS’s results don’t offer canary in the coal mine hint for US economy Premium content
...Beyond meeting its own logistics needs, Amazon’s third-party shipping service could mushroom into a new business area akin to its cloud computing....
January 30, 2024
Netflix Inc
Netflix profits surge after password-sharing crackdown
...In its letter to shareholders, Netflix said it was shifting its focus to engagement — the amount of time its subscribers spend on the service — while also developing new price points and sources of revenue...
April 18, 2024
US economy
This battleground election state is booming. Biden is not getting the credit
...“Much of South Georgia has been left behind, with an ageing population, a high poverty rate, high crime, drugs, serious health problems, and not enough tax revenue to support proper law enforcement and education...
March 19, 2024
Financial services
Saudi-backed fund hit as UAE oil storage Spac runs into trouble
...A Saudi Arabia-backed investment fund is liquidating the holding company of a United Arab Emirates oil storage company that has been plagued by financial reporting issues since going public in New York....
December 22, 2023
Oil & Gas industry
UK-sanctioned oil trader enlists ex-Biden aide to thwart potential US sanctions
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
March 21, 2024
Sovereign bonds
You’ve never had it so bad
...The second Bank of the United States had lost its charter, and federal deposits had been transferred to state banks....
December 22, 2023
Accounting & Consulting services
McKinsey and BCG warn staff face jail if they reveal Saudi work
...“We want to determine what work these companies have done and are doing that allows a foreign sovereign to use instruments of commerce in the United States to increase its influence within our shores, and...
February 6, 2024
Bankruptcy
The US scourge of venue shopping
...Because 198 days before filing for bankruptcy (just outside the 180 day requirement under the bankruptcy venue statute), Purdue changed the service of process address for its non-equity general partner to...
March 28, 2024

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