(Reuters) – Accounting firm Ernst & Young is planning to split its audit and advisory operations worldwide, the Financial Times reported on Thursday, citing three people with knowledge of the plans. EY did not immediately respond to a Reuters request for comment. Senior partners at the company have been discussing their options for a restructuring…
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for…
By Josephine Walker WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating held steady at 40% in early July, close to the lowest levels of his presidency, as economic worries continued to trouble Americans, according to a Reuters/Ipsos poll this week. The three-day online poll, which asked Americans, “Do you approve or disapprove of…
TALLINN, Estonia (AP) — Statements made this week by Belarusian President Alexander Lukashenko have reignited fears that his army could join Russian forces in Moscow’s war against Ukraine, but the authoritarian leader appears reluctant to lend his troops to the effort, despite perceived pressure from Moscow. Russia has already used Belarus, its longtime and dependent…
By Chen Lin and Xinghui Kok SINGAPORE (Reuters) – Vera Liu, a Singapore property agent, was panicking in the wee hours of Thursday morning after new property taxes saw two of her deals fall through. Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including…
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Monday said he will press U.S. counterpart Joe Biden to make clear the extent of Washington’s commitment to protect his country under a 1951 security pact, citing growing regional tension. The past two Philippine administrations have urged former colonial power United States to be specific on…
BEIJING (Reuters) – Electric-vehicle (EV) startup Fisker is set to open its first delivery centre in China’s financial hub Shanghai this year, Fisker’s China board member Daniel Foa was quoted as saying by Chinese media outlet Yicai on Tuesday. Meanwhile, Fisker will start delivering its first mass-produced SUV model, the Fisker Ocean, in the first…
NEW YORK (Reuters) – Goldman Sachs Group Inc is in talks to settle a class-action lawsuit that alleged widespread gender bias against women in pay and promotions, said a source familiar with the matter. The move to settle the case comes roughly a month before the trial was set to begin. The plaintiffs, former employees…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. Fed officials are in a blackout period…
NEW YORK (AP) — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is that economic uncertainty isn’t going away anytime soon. But…
