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The Latest Breaking News from PwC

F1 signs PwC as official consulting partner from Miami GP onwards

PwC has become Formula 1's official consulting partner meaning it will offer its services to the series in exchange for branding opportunities from the Miami Grand Prix onwards.

Autosport

Why a top HR executive at PwC says that in an AI-fueled labor market skills-based collaboration is essential

Managing director Kimberly Jones says that employees at the company pick who they want to work with based on their skills, not titles.

Fortune

Family offices deals were booming but Trump's tariffs have put an end to that

Family offices are doing more deals worth $25 million or more.

Fortune

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Just a few years into joining the world of work, 4 in 10 Gen Zers are ready to quit and survive on unemployment benefits instead

Many Gen Z workers are already over the nine-to-five grind of work. A PwC report warns that the huge pool of unemployed young people—or NEETs—is about to get bigger.

Fortune

Should European countries reconsider their plans for Big Tech taxes to avoid US tariffs?

Tax or tariffs? Officials in the UK and Poland are debating what they should do regarding proposed and passed digital sales taxes to potentially avoid new US trade barriers.

Euronews

How Australia’s government is spending less on consultants – and trying to rebuild the public service

The post-Covid era has been marked by a global crackdown on government spending on consultants. This phenomenon hasn’t only concerned France, where the “McKinsey-gate” episode concerning President Emmanuel Macron’s 2017 campaign for the Élysée led to a Senate inquiry and spending cuts.

The Conversation

PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank

FRC severely reprimands accountancy group and one of its former main auditors after ‘serious failings’ in 2019

The Guardian - UK

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AI Takes Over Business Operations: Oracle Launches AI Agent Studio

Oracle has launched its AI Agent Studio for Fusion Applications, a tool designed to help businesses create, customize, and manage AI agents. It is part of

Geekflare

There are plausible explanations for the $1.4 billion gap on Tesla's financial statements

An accounting expert told Fortune one could not accuse Elon Musk's company of wrongdoing just by looking at its financial statements.

Fortune

Rate of UK shop closures expected to rise after budget tax changes – report

More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggests

The Guardian - UK

37 per cent of Generation-Z consider leaving their jobs

PwC warned of rising levels of economic inactivity

The Independent UK

A quarter of young workers have considered quitting due to mental health issues

People under 35 were more likely to quit workforce because of mental health challenges

The Independent UK

Millennials and Gen-Zs more likely to quit work over mental health concerns

Employees under the age of 35 were more likely than their older counterparts to exit the workforce because of mental health challenges

Evening Standard

Some Idiot Sank a Tesla Cybertruck After Launching a PWC

I've said this before, I'll say it again, and I'll say it right to the face of the owner, but the Tesla Cybertruck isn't a real truck. It's a garbage can on wheels. And a garbage can that breaks a lot, can't actually tow, haul, or do any real truck…

RideApart

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TechRadar

Business investors are positive about AI’s impact on the economy

PwC report finds investors are optimistic about economic growth in 2025 as they bank on an AI-enhanced workforce.

Fortune

Deloitte says office attendance will be considered as part of some employees' performance reviews to decide their bonuses

Deloitte, a proponent of flexible work, has added office and client site attendance to its performance metrics for a team in the US.

The Guardian - AU

From the Pocket: after an off-season clouded by tragedy, high farce and a cyclone, let the games begin

Trouble has followed the AFL and its clubs across the summer with the season to now launch with only two matches in Sydney this weekend

The Guardian - UK

UK awarded its lowest ranking for workplace gender equality in a decade

‘Sluggish’ pace in tackling gender pay gap and worsening employment levels push UK back to 18th in PwC index of OECD countries

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The Guardian - UK

Local elections delayed is democracy denied

Letters: Readers respond to Labour’s decision to postpone some council elections as it plans to reorganise local government

The Independent UK

Government warned ‘mega councils’ plan is based on flawed evidence

A freedom of information disclosure has led to questions about decisions made on wholesale local government reorganisation.

RideApart

UTV-Maker Can-Am Patented a Truck Bed Insert and It Has a Lot of Accessories

I always love delving into the US Patent Office's records and applications, as I feel like I'm getting a sneak peek at what's to come over the next few months. Sure, these applications are technically spoilers, but those spoilers sometimes lead to me getting more excited about a product, machine,…

Fortune

Tech couple that allegedly stole $60 million claimed to work with the NBA, NHL, PGA, PwC, and Coca-Cola. The SEC says it was all part of an elaborate scheme

Bay area founder Alexander Charles Beckman and his wife Valerie Lau were arrested in San Francisco and face federal charges.

TechRadar

UK businesses are paving the way for AI adoption

British companies will invest more than their global counterparts in AI, GenAI, cloud and data in 2025.

The Guardian - UK

UK ‘second most attractive country for investment’, survey finds

The survey of chief executives, published ahead of the World Economic Forum, follows an upgraded growth forecast from the IMF

The Independent UK

UK given business ‘vote of confidence’ after ranking second-most attractive nation to invest in

The wide-ranging survey revealed a ‘vote of confidence in the UK’ as it placed above China and India

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