"Indian education system delivered skills which were scarce world over and helped build the dominance of the services industry," EY India Partner and Technology Sector Leader Milan Sheth said. With rapid commercialisation of intelligent automation technologies, it will be asked to respond to changes ...
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Saturday, January 6, 2018
Productivity growth at six-year high - ONS
But Howard Archer, EY ITEM Club's chief economic adviser, said there were indications 2017's statistics could end on an unexpected high. He said: "The marked third-quarter rebound suggests that some of the first-half 2017 weakness in productivity may have been cyclical. "Businesses may have been ...
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Why Hong Kong firms need to do better on environment, social and governance risks disclosure
“Many have yet to demonstrate awareness of the significant ESG risks they are exposed to and the effective management of their impacts,” said the KPMG report, which was issued in November. In its survey of the annual and ESG reports of 366 firms – around a quarter of all firms listed in Hong Kong, ...
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CM's son launches 'Adopt a Block', 'Adopt a Village' programme
More than 40 CSR heads of leading corporate such as LG Electronics, Airtel, HCL Technologies, Jindal Power, Wockhardt Foundation, IDFC Bank, Jubilant Life Sciences, Vedanta - Bharat Aluminium Company, IICA, Jhpiego, EY and more than 50 leaders from NGOs and Civil Society organizations, ...
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Eurozone services activity strongest in almost seven years
Howard Archer, EY Item Club's chief economic adviser, said: "Construction output contracted in both the third and second quarters of 2017, and there is a very real chance that a further drop in output occurred in the fourth quarter". Momentum in business activity is not yet back to where it was in October ...
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Digital adoption to impact 65% jobs in next 4 yrs
Up to 20 per cent jobs that they will be applying for do not exist today and 65 per cent of the existing job roles would have changed radically by 2022, says a new report “Future of Jobs in India: A 2022 Perspective” conducted by EY and commissioned by industry bodies Ficci and Nasscom. Internet of ...
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Expert help for mishap hubs
Jusco has hired KPMG Cosultants to suggest steps to reduce road mishap risks at 11 identified black spots (risky zones) in the city, Mathur said. The black spots are roundabouts at RD Tata (Golmuri), NML (Agrico), Nildih (Telco), Marine Drive, Kadma-Sonari Link Road, St Mary's English School (Kharkai ...
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Carillion faces Wednesday showdown with lenders to safeguard future
EY has been assisting Carillion's management since July, providing crisis management and helping to maximise cash coffers. Carillion had pinned its hopes on raising £300m by selling assets, the majority of which it was hoped would be realised from sales in Canada. However, while some smaller UK ...
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Could one step forward take you light years ahead?
EY recently launched the 'Finance Chatbot' for CFOs; a conversational intelligent finance engine with in-built voice recognition and conversational front-end interface. It allows the CFOs/C-Suites to interact and command the software to perform tasks such as analysing and presenting data, identifying ...
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UK Labor Productivity Rises Most Since 2011
But Howard Archer, EY ITEM Club's chief economic adviser, said there were indications 2017's statistics could end on an unexpected high. However, this was the most sluggish unit labour cost growth since the second quarter of 2015. But he was less positive about the longer term. He added: 'Given the ...
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hydrogen
Crucially, KPMG said hydrogen heating would be the least hassle for energy customers because very few appliances would need to be replaced. The existing gas grid would need only minor upgrades because it was originally designed for hydrogen before the North Sea boom provided a flood of cheap ...
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The Well & JN's 36 Under 36: SARAH CRANE
She also spent time as a consultant at KPMG, focusing on organizational change management. Prior to KPMG, Sarah worked for the Jewish Community Relations Council of Metro Detroit, where she cultivated relationships between the Jewish community and other faith and ethnic groups by organizing ...
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Bill Belichick explains how he gets new Patriots players involved almost immediately
The point here is that all those guys not contributing as expected has forced New England to get a little MacGyver-ey with their defense (and offense, for that matter) and find guys in trades, free agency, or even lower on the Patriots' own depth chart that can man up and get things done. Just this year ...
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Oklahoma business briefs for Jan. 6.
Mark Mote, a partner with EY, will present on "hot topics in the accounting world." The presentation will begin at 4 p.m. on Jan. 25 at the Iron Star Urban Barbeque at 3700 N Shartel. The cost is $20 for chapter members, $25 for nonmembers and free to both students and prepaid members. Reservations ...
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Productivity growth at six-year high - ONS
Howard Archer, chief economic advisor to the EY Item Club said the rebound is good news but there needs to be sustained improvement to ease concerns over the UK's overall poor productivity record. Statistics also show that unit labour costs (ULCs) increased for the tenth consecutive quarter but at the ...
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Arch blunder leaves Northumberland County Council £1.5m out of pocket, meeting told
“In a highly unusual step, the council's auditors, EY, refused to sign off the accounts without a qualification because according to them there was 'some significant weaknesses in proper arrangements for acting in the public interest and evidence of the principles and values of sound governance were not ...
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Pound gains ground as United Kingdom productivity rises to a six-year high
Howard Archer, chief economic advisor to the EY Item Club said the rebound is good news but there needs to be sustained improvement to ease concerns over the UK's overall poor productivity record. But he was less positive about the longer term. However, financial services showed a negative ...
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New Report on Digitization IT Spending Market CAGR at a rate of +9% during the forecast period ...
Accenture, Capgemini, Cognizant, IBM, Infosys, TCS, Adobe, Alcatel-Lucent, Apple, AT&T, Atos, CGI, Cisco, CSC, Dell, Deloitte, EMC, EY, Fujitsu, Google, HCL, HP, iGate, Intel, KPMG, Microsoft, Oracle, PwC, Samsung, SAP, Tech Mahindra. Regions Covered: United States, North America, China, ...
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Latest Research on Financial Risk Management Software Market Analysis, Market Size, Regional ...
Latest Research on Financial Risk Management Software Market Analysis, Market Size, Regional Outlook, Competitive Strategies and Forecasts 2017 to 2025, Focusing on Top Key Vendors like IBM Corporation, Oracle Corporation, SAP, KPMG, Misys, Experian, Riskdata, and Fiserv among others.
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UK productivity levels reach six-year high – but remain worrying
Howard Archer, EY Item Club's chief economic adviser, said the indications were that productivity could grow again in the fourth quarter of last year. He said: “We saw a much-needed pickup in UK productivity in the third quarter as output per hour rose 0.9 per cent quarter-on-quarter, which is the best ...
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Brexit doom-mongers WRONG: Britain's economic productivity at six-year HIGH
Howard Archer, chief economic adviser at the business analysts EY ITEM Club, said the indications were that productivity could grow again in the fourth quarter of last year. He said: "A much-needed pickup in UK productivity in the third quarter as output per hour rose 0.9 per cent quarter-on-quarter, ...
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Qatar listed among top five for deal activity
"Mergers and acquisitions are fundamental growth factors for any economy, and for Qatar to be in the top list of global energy mergers is a notable landmark, with QIA's investment in National Grid PLC in UK being an obvious turning point," as explained by Deals Advisory expert at KPMG in Qatar Hady ...
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Ethics? Pah, it's all about the price tag, say shoppers
Brits are in general prepared to pay up to 10 per cent more for ethically sourced groceries, EY found. But this didn't apply to all, with more than a third of consumers saying they wouldn't pay a penny more for the likes of Fairtrade coffee or free range eggs. "The great British consumer sees themselves as ...
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Increasing digital adoption to impact 65% jobs in next 4 years: E&Y
An IT or Computer engineering student who starts college this year will graduate into a radically different job market in four years. Up to 20 per cent jobs that they will be applying for do not exist today and 65 per cent of the existing job roles would have changed radically by 2022, says a new report ...
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BA to boost leisure flights from Gatwick
British Airways acquired 20 slot pairs at Gatwick from Monarch administrators after the leisure airline had gone bankrupt in early October 2017. KPMG, the company which administers Monarch's bankruptcy, fought a court battle to be able to sell the slots at Gatwick and London Luton, worth an estimated ...
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Labour productivity rises after grim period
Howard Archer, chief economic adviser to the EY ITEM Club think-tank, said: “The rebound suggests some of the first-half 2017 weakness in productivity may have been cyclical. Businesses may have been keen to employ given concerns over potential labour shortages and also given the low cost of ...
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Making a case for V2V
"V2V data, when we learn how to extract and utilize it in real time, can be extremely helpful," said Kristin Schondorf, global automotive and transportation mobility leader at EY. "We can take that data to understand patterns of what's happening, then leverage that information to help us become more ...
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Value of Broadlake exits reaches €100m in just months
Founded in 2003 by EY Entrepreneur of the Year finalist Alyson Hogg, Vita Liberata markets itself as the first completely non-toxic tanning brand. Ms Hogg will stay on as president of consumer brands for Crown Laboratories, a speciality pharmaceutical company focused on dermatology, which has the ...
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From Ballyclare to Tennessee for tanning brand Vita Liberata
Los Angeles and New York-based investment bank The Sage Group served as exclusive financial adviser to Broadlake and Vita Liberata while Tughans served as legal advisers and EY served as due diligence and tax advisers. Broadlake's Tom Smyth said: “Tughans have been trusted advisers to Vita ...
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Eurozone services activity strongest in almost seven years
Howard Archer, EY Item Club's chief economic adviser, said: "Construction output contracted in both the third and second quarters of 2017, and there is a very real chance that a further drop in output occurred in the fourth quarter". Pretty impressive, especially as this survey captures responses from over ...
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The Wizard of Oz
A twenty-one strong ensemble deserve a twenty-one gun salute as they dance and march and sing through the classic songs from the 1939 movie by Harold Arlen and E.Y. Harburg plus new songs penned by Andrew Lloyd Webber and Tim Rice. David Cullen's orchestrations are excitingly handled by ...
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Price still more important than provenance when buying goods
While more than two thirds of consumers claim to be “ethical shoppers”, in reality the price of goods remains the most important factor when purchasing a product, a report has suggested. In a study by EY, 68 per cent of consumers said that ethical behaviour was important when shopping, citing good ...
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We're not in Hollywood anymore, but Oz still magic
Though it includes eight new songs by Lloyd Webber and Tim Rice, alongside the Harold Arlen/E.Y. Harburg numbers from the beloved 1939 MGM movie, the musical sticks pretty faithfully to the film, with some post-Wicked irony and camp humour giving it a nice lift for today's audiences. The new songs ...
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Advance estimates show GDP could fall to 6.5% in FY18
This would imply a reduction in nominal GDP as compared to the budgeted magnitude, which could mean that keeping the 3.2% (of the GDP) fiscal deficit target could actually amount to a lower nominal magnitude of borrowing," said D K Srivastava chief policy advisor, EY India. He said in view of the ...
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Fifth women's boutique opens in former balloon shop storefront
“I wanted to make it a place where guys are comfortable coming in with their wives or girlfriends,” Herd explained. “I've had a lot of guys come in and say thank you for not making this all froo-froo-ey.” The boutique carries a few men's items, but focuses mainly on clothing and accessories for women of all ...
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Today, youngsters can reach out to music directors by doing covers: Maalavika Sundar
When quizzed about her online covers, she says, "My first cover was Ey Sandakara from Irudhi Suttru. I had a good producer for the video and it came out really well. I got a lot of appreciation from music directors Imman sir, Santosh Narayanan sir and actor Madhavan as well. Some of the music directors ...
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Can Ola ride the gravy train?
Ride-sharing service Ola is trying its hand at food delivery for a second time, buying the India operations of Foodpanda for a measly $40-50 million. Ola's previous attempt at food delivery with Ola Café came a cropper in 2016, when it shut shop barely after a year of operations. While Ola Café focussed ...
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There Is a Raging Battle of Tax Codes with China and the US Starting the Race
The head of tax at KPMG in Singapore has said that these efforts by the US and China may force other countries that want to retain their competitiveness in the global economy to have their taxes reviewed to encourage both local and international businesspeople to invest in their jurisdictions. However ...
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KPMG snubs universities by offering own digital degrees
KPMG has become the latest employer to launch its own digital degree apprenticeship amid growing concern that universities are offering computer science qualifications that are not fit for purpose. Apprentices its four-year KPMG360o Digital Degree Apprenticeship Programme will earn a Bachelors in ...
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Strong start to 2018 keeps party in full swing
Britain's investment landscape arguably is more nuanced, with different factors driving up the FTSE 100 and the more domestically inclined FTSE 250, notably companies with big dollar-earning exports or those with a largely British focus. KPMG, the consultancy, has devised two indices to highlight this, ...
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Treasury hires familiar face to lead Financial Conduct Authority
The Treasury has selected a senior City lawyer as the next chairman of the financial regulator, as it faces the challenges of Brexit and political pressure over past mistakes. Charles Randell, a partner at Slaughter and May for 24 years and a key adviser to the Treasury during the financial crisis, will ...
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City watchdog will need his sea legs
A former KPMG senior partner, he has been handicapped by KPMG's unfortunate role as auditor to many of the biggest casualties of the crisis, including HBOS. He can be credited with the smooth transition from FSA to FCA and for putting conduct more firmly on the agenda. But he didn't do much to save ...
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KPMG courts Cyberinc's global identity management business: Friday Deal Book for 01/05/2018
Cyberinc supplies cybersecurity solutions across the world, and will sell its identity and management business to KPMG LLP for an undisclosed sum. Prior to the acquisition, Cyberinc was the largest independent IAM technology provider in the world. The deal will bolster KPMG in information security ...
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Global auto execs question the future of electric cars, survey says
Even as manufacturers crank out more and more electric vehicles, they remain skeptical of the long-term success of purely battery-powered cars. In a recent survey of auto industry executives by auditing giant KPMG, it was revealed that their outlook on the future of battery EVs was less than sunny.
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Success in transforming county criminal justice continues into 2018 for CA Fwd
The J-SCI team joined LEAN and KPMG consultants at the department's executive retreat to align efforts to create a more efficient department. Working with the Probation Department, J-SCI is currently conducting a study of the county's juvenile facilities. When finished in 2018, J-SCI will present its ...
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ReWalk Robotics (RWLK) Announces Ori Gon as CFO
Mr. Gon, 36, has served as a Corporate Controller of the Company since July 2015. Previously, he served as Controller at On Track Innovations, Ltd. from 2012 to 2015. He served as an Audit Manager at KPMG from 2008 to 2012. Mr. Gon served as an officer in the Israeli Defense Forces from 2000 to ...
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NCR's best fleet in town but Noida just can't make its bus service work
On route number 310 — Botanical Garden to Advant to KPMG — has gone down from four to two. With this, frequency of the service also fell, along with resting time for the buses between two trips — from four hours to two. The two new bus routes added are 105 and 106. While route 105 covers Sector ...
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German automakers must merge to persist against rival technology firms: study
BERLIN, Jan. 5 (Xinhua) -- Germany's automotive industry faces a wave of corporate mergers in face of heightened competition from technology firms, said a study published on Friday by the management consultancy KPMG. "Especially for mass producers, corporate fusions offer the only hope to survive ...
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Friday, January 5, 2018
The Grenfell inquiry's latest choice of adviser beggars belief
The Grenfell Tower Inquiry has hired consultancy KPMG as an adviser, The Evening Standard reports. However, the paper also reveals that the firm has worked with three of the major players at the heart of the fire's investigation. KPMG is a multi-billion-dollar consultancy firm that provides audit, tax and ...
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Top firms get GST notices on credit claims; replies sought within hours
It appears that most of the dealers have been selected on an arbitrary basis and issued with notices to submit an exhaustive set of documents,” said Harpreet Singh, partner-indirect taxes, KPMG. The GST Council had allowed companies to claim 100 per cent input tax credit by uploading excise payment ...
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New Report on Digitization IT Spending Market CAGR at a rate of +9% during the forecast period ...
... Cisco, CSC, Dell, Deloitte, EMC, EY. Accenture, Capgemini, Cognizant, IBM, Infosys, TCS, Adobe, Alcatel- Digitization IT Spending. The digitization IT spending market is in its nascent stage, and Research N Reports analyst predicts the market to grow CAGR at a rate of +9% during the forecast period.
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Expensive but worth it: Capital Grille proves why it's best to eat a burger at a steakhouse
The burger: Someone (OK, it was probably me) once said that those in search of a great burger should consider seeking out a well-managed steakhouse. That theory certainly pays off when it comes to the Capital Grille in downtown Minneapolis. One reason why it's a good idea for burger fans to go the ...
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Is Britain's productivity puzzle starting to be solved? Rate grows at fastest pace in over six years
Howard Archer, an economist at forecasters EY ITEM Club, said productivity was likely to have recovered further in the final three months of 2017. Early indications suggest growth remained solid while the number of people in work fell. But the economist was less positive about the longer term. He said: ...
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Car sales post first decline in five years as policy changes make Britons wary of diesel-powered ...
Howard Archer, chief economic advisor to the EY ITEM Club, said, "Even allowing for uncertainty over government policy on diesel cars affecting fleet sales, it appears that that businesses have become more reluctant to replace or add to their fleets amid a highly uncertain economic and political outlook.
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Singapore airlines open to bidding for Air India: Vistara CEO
The government has hired EY to advise it on the Air India sale process, which is likely to take about 6-9 months. IndiGo, run by InterGlobe Aviation Ltd has expressed interest in Air India. Bird Group, Menzies Aviation, Livewel Aviation, and Turkey's Celebi Aviation Holding have also shown interest in Air ...
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UK productivity rises at its fastest rate in six years
Howard Archer, chief economic advisor to the EY ITEM Club, said the drop in economic output in the first two quarters of 2017 may have been “cyclical” given concerns about potential labour shortages in some sectors and the low cost of labour. He added the indications are UK productivity continued to ...
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How Lakesmere collapsed: New details revealed
One shareholder also signalled their potential willingness to inject further short-term funding into the business to give it time to recover. Its directors instructed advisers, accountant EY and interim manager Martin Hopcroft to help develop the turnaround plan and to “prepare a finance model for the group ...
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Angie Ridgwell takes over £200000 job as county council's top officer
She has also worked as an associate with accountants KPMG and was an executive director of the London Development Agency advising the Board and Mayor of London on regeneration and economic development strategies. • She has her own consultancy firm, Angie Ridgwell Associates Ltd, which ...
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Mack-Cali sells office building in Woodcliff Lake
“We had great interest in the asset given the quality and upside in the deal.” The three-story property sits on 20 acres and is 65 percent leased. The property has proximal access to the Garden State Parkway, US Route 4, 17 and Interstate 80. KPMG and Volkswagen are current tenants at the property.
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Tidal turbine developer seeks protection from creditors after acquisition fails
Tocardo International BV (Tocardo), the tidal turbine developer located in Den Oever, North Holland province, the Netherlands, has filed for protection from creditors. Tocardo, owned and operated by Johan W. van Breugel, filed its request with the court on Jan. 2, the same day Canadian-based Tribute ...
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Grenfell Tower fire inquiry hires KPMG despite the consultancy earning millions in contracts with ...
The inquiry into the Grenfell Tower Fire has hired multinational consultancy KPMG despite the firm having millions of pounds of contracts with three of the main bodied potentially being investigated by the inquiry. KPMG has lucrative contracts with Rydon – the main contractor in charge of the ...
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KPMG offers apprentices chance to study for digital degree
KPMG has become the latest employer to launch its own digital degree apprenticeship amid growing concern that universities are offering computer science qualifications that are not fit for purpose. Apprentices on the accountancy and consultancy giant's four-year KPMG360o Digital Degree ...
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Kite Realty names new chief accounting officer
Kite Realty Group Trust, a real estate investment trust company, has promoted David Buell to the role of senior vice president, chief accounting officer, effective as of Jan. 1, 2018. He replaces Thomas Olinger, who retired from the company. Buell previously served as the company's corporate controller, ...
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Grenfell Tower inquiry hires KPMG despite firm earning millions from auditing council and ...
Consultancy firm KPMG has been hired by the Government to help plan the inquiry into the Grenfell Tower fire, even though the company has earned millions in auditing fees from three of the bodies being investigated. The multinational corporation headquartered in the Netherlands, has had a lucrative ...
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KPMG launches digital degree apprenticeship
Anna Purchas, head of people for KPMG in the UK said, “For those joining the KPMG360° Digital degree apprenticeship, the programme allows trainees to not only gain a degree but also to acquire valuable on the job experience. In addition we provide learning and development opportunities which are ...
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KPMG appoints new head of tax for Northern regions
Based at the company's offices in Manchester, Jon will work alongside other KPMG practice and sector heads to deliver a multi-service advisory offering for the region's business community. Jon's remit also includes helping Nicola Quayle, senior partner at the Manchester office, develop the firm's North ...
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KPMG to acquire Cyberinc cyber security business
According to Archibald, KPMG's strong position with existing alliance partners Sailpoint, Axway and IBM in this space, along with its recently announced alliance with ForgeRock, would be further enhanced by the transaction with Cyberinc to better enable information security for large enterprises, while ...
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New head of tax for the North at KPMG
Professional services firm KPMG has strengthened its offering to the North of England's business community with the appointment of partner Jon Meeten as head of tax for the region. Jon will oversee the firm's tax practices in Manchester, Liverpool, Leeds and Newcastle, ensuring clients across the North ...
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Ex-Slaughters corporate veteran Randell appointed chair of FCA
... who is currently an external member of the Prudential Regulation Committee of the Bank of England, will take up the role on 1 April for a five-year term, overseeing the City's primary regulatory agency. He replaces outgoing chair John Griffith-Jones, a veteran accountant best known for running KPMG's ...
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Big business tax break costs nearly $300 million
Accounting giant KPMG developed a fee-based service offering companies assistance to apply for the rebate early in 2016, the year it exploded. "Since we launched the [tax break calculator] in February 2016, a growing number of Australian companies are using it," a website for the company said.
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Banking crisis adviser named as head of Britain's finance watchdog
... he lacked deep experience in consumer-related conduct issues. Griffith-Jones also had to recuse himself from a report by the FCA and BoE on the collapse of HBOS during the financial crisis. Griffith-Jones was UK head of accountants KPMG when the firm audited HBOS in the run up to the collapse.
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Atlanta firm buys Casselberry's Avant Healthcare staffing company
It has been recognized as one of the top 50 fastest-growing women-led companies in the U.S and listed in the INC 5000 multiple times. She said of the EY Award: “Winning Entrepreneur of the Year and being recognized by this prestigious program was only possible through the combined efforts of the ...
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MP Abhishek Singh extends red carpet welcome to Corporate to Launch CSR projects in ...
More than 40 CSR heads of leading corporates such as LG Electronics, Airtel, HCL Technologies , Jindal Power, Wockhardt Foundation, IDFC Bank, Jubilant Life Sciences, Vedanta – Bharat Aluminium Company, IICA, Jhpiego, EY and more than 50 leaders from NGOs and Civil Society organizations, ...
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Automation to affect IT-BPM sector most; 75% jobs will require new skills
The report by EY, commissioned by Ficci and Nasscom, examined global mega-trends, its impact on Indian economy and analysed the profile of jobs ... "Indian education system delivered skills which were scarce world over and helped build the dominance of the services industry," EY India Partner and ...
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Make a new start this new year at Connexions Sandwell event
Big name companies will have also exhibits including Aldi, EY (formerly Ernst & Young), Carillion, meat and butchery specialists Tulip and West Midlands Ambulance Service. There will also be stands from local colleges and universities including Sandwell College, Walsall College and the University of ...
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75% of IT-BPM jobs in 2022 will require new skill sets: Report
New Delhi, Jan 5 () The IT-BPM sector is expected to be impacted the most by digital and automation trends with 70 -75 per cent of the jobs in 2022 requiring new skill sets, a report today said. The report by EY, commissioned by Ficci and Nasscom, examined global mega-trends, its impact on Indian ...
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'75% of IT-BPM jobs in 2022 will require new skill sets'
The IT-BPM sector is expected to be impacted the most by digital and automation trends with 70-75 per cent of the jobs in 2022 requiring new skill sets, a report on Friday said. The report by EY, commissioned by Ficci and Nasscom, examined global mega-trends, its impact on Indian economy and ...
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Broadlake exits NI skincare firm
Vita Liberata and Broadlake were advised by Ciara Lagan & Grant Edwards from Tughans (legal) and Ian Kelly, Cary Wilson, Ruairi Dougal and Patrick Duggan from EY in Belfast (due diligence and tax). Crown Laboratories was advised by David Rowan and Peter Stafford from A&L Goodbody, and ...
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UK productivity grows at quickest pace in six years
Howard Archer, chief economic adviser to the EY Item club, said the rise in productivity during the quarter was likely to continue in the final three months of 2017 but it needed to be seen in the context of a poor first half. “There needs to be sustained improvement to ease concerns over the UK's overall ...
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Tata, SIA 'open to evaluate' bidding for Air India: Vistara CEO
The government has hired EY to advise it on the Air India sale process, which is likely to take about 6-9 months. Meanwhile, Vistara will make its international debut later this year. The airline, which operates 17 Airbus A320 aircraft, will see three more aircraft join the fleet by March, followed by one each ...
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UK productivity jumps to six-year high to lift 1820s gloom
Howard Archer, chief economic advisor to the EY Item Club said the rebound is good news but there needs to be sustained improvement to ease concerns over the UK's overall poor productivity record. 'The pick-up in productivity in the third quarter suggests that some of the weakness in the first half may ...
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5 things to know Money Edition: Local firm pulled in $1B in new business EVERY DAY in '17
For what purpose? Psuedo-masochism? The only things I give up for Lent are lentils, and even then if the situation arises I will eat them because I like lentils and who's gonna stop me. But — BUT — my boss here at Business Journal Central, Craig Ey, a man who thinks so hard he's cogitated every hair ...
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Is Jessica Biel In "Filthy"? Justin Timberlake's New Song May Feature His Wife
Hello and welcome to the Justin Timberlake fan club. I'm the club's president, and I'm here to tell you about just how incredible singer slash perfect human Justin Timberlake is. So glad to have you here! In case you missed it, Timberlake announced that on Jan. 5 he'd be dropping his first single from the ...
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Employers face 'wake-up call' as UK drops out of EU workers' top six countries
Accounting firm EY predicted that 10,500 UK financial services jobs could be relocated to Europe on the first day of Britain leaving the EU. Creating a longer-term plan for a robust workforce must therefore go beyond talent management fixes, Davies warned. “This should be a wake-up call for employers ...
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UK productivity jumps at fastest pace since 2011
There needs to be sustained improvement to ease concerns over the UK's overall poor productivity record,” said Howard Archer, chief economic adviser to the EY Item Club. He said unproductive 'zombie firms' sustained only by ultra-low interest rates could be one factor holding back the economy, while ...
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90FUN to launch 'auto-following' smart suitcase
China-based firm 90FUN has announced the launch of its new smart suitcase – 90FUN Puppy 1 – that is capable of following passengers around the airport, as its name implies. It will be showcased at the US Consumers Electronics Show (CES) in Las Vegas next week, confirms 90FUN (part of the ...
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Auto Executives, Consumers Skeptical Of The Viability Of Pure Battery Electric Vehicles: KPMG ...
DETROIT, Jan. 5, 2018 /PRNewswire/ -- Despite the hype and massive automotive OEM investment in battery electric vehicles (BEVs), more than half (54%) of global auto executives say they believe these vehicles will fail commercially due to infrastructure challenges while 60 percent say excessive ...
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UPDATE 1-Banking crisis adviser named as head of Britain's finance watchdog
LONDON, Jan 5 (Reuters) - Charles Randell, an ex-lawyer who advised the British government during the financial crisis, has been appointed chair of Britain's Financial Conduct Authority, the finance ministry said on Friday. Randell, formerly a partner at international law firm Slaughter & May, will face ...
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Millennials to become a key driver of China's consumer and retail market, says KPMG
Millennials are set to become a key driver of China's consumer and retail market, according to a new survey by KPMG. The survey, jointly commissioned by KPMG China and online shopping platform Mei.com, was carried out by Ipsos in September and involved 3,004 mainland China consumers.
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UK productivity growth hits 6-year high after weakest decade since 1820s
Howard Archer, an economist at forecasters EY ITEM Club, said productivity was likely to have recovered further in the final three months of 2017. Early indications suggest growth remained solid while the number of people in work fell. But he was less positive about the longer term. "A major risk is that ...
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UK productivity growth hits six-year high after weakest decade since 1820s
Howard Archer, an economist at forecasters EY ITEM Club, said productivity was likely to have recovered further in the final three months of 2017. Early indications suggest growth remained solid while the number of people in work fell. But he was less positive about the longer term. “A major risk is that ...
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Business interview: Don't fear the march of the robots, says boss of City tech darling Blue Prism
To demonstrate his point, we've met at EY's gleaming offices in Canary Wharf. The accountant is not only an advocate to its clients of using Blue Prism software, but one of the biggest users of the robots itself. Bathgate is relatively unassuming for a business bigwig: broad-shouldered with boyish features ...
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Productivity growth at six-year high - ONS
But Howard Archer, EY ITEM Club's chief economic adviser, said there were indications 2017's statistics could end on an unexpected high. preview image. Video: How to improve the UK's productivity? He said: "The marked third-quarter rebound suggests that some of the first-half 2017 weakness in ...
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THINK TANK: WHAT WILL CHALLENGE FM SERVICE PROVIDERS MOST IN 2018?
Facilities management service providers have been facing stagnating profitability, buffeted by factors such as rising cost inflation from the National Living Wage and the uncertainty surrounding Brexit. Now a report from professional services consultant EY suggests that to this can be added the problem of ...
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UK productivity growth hits six-year high
UK labour productivity up 0.9% in Q3 2017 (output per hour basis), largest quarterly rise since Q2 2011 https://t.co/0i2qxvovSD. — ONS (@ONS) January 5, 2018. Howard Archer, EY ITEM Club's chief economic adviser, said the indications were that productivity could grow again in the fourth quarter of ...
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Brief: KPMG beefs up cybercrime unit with Cyberinc deal
“Cyber security remains a top risk to organizations as threats grow in scale and cyber criminals develop new ways to access protected information,” said Lynne Doughtie, KPMG's US chairman and CEO. The company has been growing steadily in cybersecurity via alliances with Oracle, Sailpoint and ...
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Former Slaughters partner Charles Randell appointed chair of the FCA
Randell will take up the role 1 April 2018 for a five year term. He will succeed outgoing chair and former KPMG UK chair John Griffith-Jones. FCA chief executive Andrew Bailey said: “I am very pleased to welcome Charles to the FCA. His experience of regulation, both during the financial crisis and more ...
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Meet the Pune animal lover who also plans exotic holidays for like-minded travellers
After college, she worked at KPMG in Mumbai before landing a job at DHL in Belgium. There she would use her free time to travel around. "I knew I eventually wanted to do something that offered me the flexibility of being able to take time off to see the world," she says. HEADY DREAM. Building the No ...
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Ex-Slaughters partner named new chair of the FCA
Former Slaughter and May partner Charles Randell has been named as the new chair of the Financial Conduct Authority (FCA). His five-year term starts this April and he will replace outgoing John Griffith-Jones, a former KPMG chairman who has been in the role since 2013. Want to read more? Sign-up ...
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Ones to Watch: HUB Controls
The company was recently featured in the KPMG-hosted Global Cleantech Cluster Association (GCCA) Top 3 at Cleantech Venture Day. HUB Controls was awarded the silver medal. Who's behind it? HUB Controls was founded by CEO, Oliver Hynes. Oliver has a degree in software development and ...
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KPMG launches new Digital Degree Apprenticeship Programme
KPMG announces the launch of its digital degree apprenticeship, KPMG360o Digital, providing training and guidance to the next generation of tech experts. The four-year programme combines on-the-job work experience with the opportunity to gain a BSc degree from BPP University in Digital and ...
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New FCA chairman named
His has not been without its controversy, however, with his time as chairman at KPMG when the firm auditor of HBOS in the run up to the recession often brought up. He commented: “I am delighted that Charles Randell has been appointed as my successor and I wish him every success in the role.”.
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Dane Swan gives fans chance to party like Dustin Martin
'What could go wrong, ey?' Footy champion Dane Swan gives fans the chance to party ... 'I've got no one to go on holidays with so I need to make some new friends so I have an excuse to get overseas and carry on… what could go wrong ey?? 'I guess we should find out… let's get amongst it.' Swan will ...
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Still puzzled? UK productivity has risen by the most since 2011
"The marked pick-up in productivity in the third quarter suggests that some of the weakness in the first half may have been cyclical," said Howard Archer, chief economic adviser to the EY Item Club. "While GDP growth was muted over the first three quarters of 2017, businesses remained keen to employ ...
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How can Singapore sharpen its global competitiveness?
As Budget 2018 draws near, Ernst & Young Solutions (EY) outlined its call for the government to take into a two-pronged focus: enhancing Singapore's global competitiveness and maintaining a progressive and fair tax rates. EY Head of Tax Services Chung Sim Siew said the Budget 2018 should be ...
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Morrisons data breach sounds warning on vicarious liability
The payroll data had been supplied by Morrisons to its external auditor, KPMG. It had been copied from the secure software in which it was held onto an encrypted memory stick by an authorised employee in HR, and then uploaded to the encrypted laptop of a different authorised employee (a senior ...
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Aurionpro Solutions drops on profit booking
The stock had settled higher by 6.28% yesterday, 4 January 2018 after the company announced after market hours on 3 January 2018 that its subsidiary Cyberinc entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is ...
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Kite Realty Group Trust Announces the Promotion of David Buell to Senior Vice President, Chief ...
INDIANAPOLIS, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that David Buell has been promoted to the role of Senior Vice President, Chief Accounting Officer, effective January 1, 2018. Mr. Buell previously served as the Company's ...
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Glenn Hutchins Speaks on BTC
Last year, Ernst & Young issued a press release announcing that EY Switzerland will accept Bitcoin as a valid payment method for the consulting services provided, that all employees will receive a digital wallet, and a Bitcoin ATM will be put into operation in the main building. Later, Japan announced ...
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Board's new rule leaves IRPs perplexed
By law, an insolvency professional can take advisory services from consultants like E&Y, PWC, Grant Thornton and KPMG. For example, X can be appointed as a resolution professional for ABC company. But, a consultant can be his professional advisor. A source in the government said the drafted ...
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New faces at financial consultancy
He joins from EY where he was a senior manager, having previously held a position at HM Revenue and Customs where he worked as an R&D and patent box specialist. Also joining the Birmingham team is capital allowances consultant Stuart Letasi who has been appointed after holding tax consultant ...
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Open Banking is next week. Here's the man making it happen
Will Open Banking break the big banks' stranglehold on the banking market? Or – as some suspect – end up being suffocated by the incumbents? To find out, I spoke to Imran Gulamhuseinwala, head of fintech at financial services organisation EY and implementation trustee of Open Banking Limited, ...
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Three refixed Senior Cup matches taking place at weekend
With the EY Irish Hockey League (IHL) not set to resume in 2018 until later this month, the Irish Senior Cup plays catch-up this weekend with three refixed matches from last year. Round two commences with all of the matches taking place in the North, with Railway Union and Pembroke the two travelling ...
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Mixed fortunes for key sector of UK economy
Howard Archer, chief economic adviser to the EY ITEM Club think-tank, said: “The December purchasing managers' survey indicated the services sector saw modestly improved activity in December. However, activity was still steady rather than robust and weaker new business growth and employment ...
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Britannia plans price cut for super-premium biscuits
This could open up a new set of customers who are currently treating biscuits as one option for a tea-time snack or a children's snack,” said Sreedhar Prasad, partner at KPMG in India. Indeed, Britannia's plan to lower prices is partly based on the company's previous success in launching smaller packs, ...
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Thursday, January 4, 2018
Without Engines, Electric Cars Might Be Sputtering Out
KPMG released its annual Global Automotive Executive Survey this morning with those facts and plenty more. Among them: About half of all consumer respondents globally said they would opt for either a hybrid electric (33%) or a plugin hybrid electric (17%) over a BEV. Here in the United States, ...
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There's a battle of tax codes raging — the US and China just upped the arms race
"These efforts [by the U.S. and China] may prompt other countries to also review the competitiveness of their own tax regimes," said Chiu Wu Hong, head of tax at KPMG in Singapore. Indeed, the two largest economies in the world are not alone in a battle of tax codes — commonly deemed a race to the ...
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KPMG acquires cybersecurity business Cyberinc, adds 190 experts
Global professional services network KPMG has acquired cybersecurity business Cyberinc. The purchase sees the Big Four giant add 190 experts to its cybersecurity presences across the US, India, Australia, and the UK. Silicon Valley-based Cyberinc has entered into an agreement to sell its Identity ...
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Pat the Baker forked out €4.5m for a slice of Irish Pride
Just a week later, US private equity group Gores bought loans attached to Irish Pride and replaced the receivers with Kieran Wallace and Shane McCarthy of KPMG. A number of bids were made for the Irish Pride business, with Pat the Baker winning out. Family-run Pat the Baker, famous for its catchy ...
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Road ministry revives 85% of stalled highway projects
... to address stalled projects to get them back into the system, policy changes to make the sector more investor-friendly and bringing in new models that suited the sector requirements at various points in time," said Manish Aggarwal, partner and head - energy & infrastructure, corporate finance, KPMG in ...
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Birmingham tech firms secure new funding deals
As well as being crowned 'Best British Mobile Start-up' by KPMG, language learning start-up Learning Labs joined forces with Birmingham City Council in November to help unaccompanied asylum seeker children learn English as a second language. As a result, its pioneering mobile language EAL ...
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New IIMs, other B-schools set the tone with a robust start to placements
Banking and financial services firms such as Axis Bank Ltd, Citibank, Goldman Sachs, ICICI Bank Ltd, HSBC and JPMorgan Chase & Co.; US multinational food and beverage firm PepsiCo.; IT services firm Tech Mahindra Ltd; consulting firms such as Deloitte and EY India; consumer goods makers, ...
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There's a battle of tax codes raging — the US and China just upped the arms race
"Countries still want to win more investments and jobs," said Chester Wee, partner and international tax services leader at EY. "Assuming all other factors being equal, a more attractive tax regime and treaty network may swing a company's investment decision from one country to the other." ...
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IT-BPM employees will need new skills to survive
The EY study said IT and BPM together had emerged as one of the industries that were most impacted by digital and automation trends. In view of the changes caused by the advent of new-generation technologies like internet of things, artificial intelligence, big data and cloud, and robotics/automation, ...
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Property price falls in London as market hit
House prices in London fell for the first time in almost a decade and slowed in the rest of the country last year, according to Britain's biggest building society. Nationwide said that house prices rose by 2.6 per cent in the year to the end of December to reach an average value of £211,156. It marked a ...
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England youngster Beno Obano sets his sights on international rugby and claims he wants to be ...
'My friend who worked at (financial company) KPMG had a little bit of money. I asked him for some money so, at the end of the season when I'd left Wasps, I could get an MRI scan and an injection in my back. 'He paid one injection, which didn't work, and I had for free. Thank God he did as it allowed me ...
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Trump reforms will make US more attractive, warns IDA boss
IDA taps EY to monitor DC moves. Lawyers and experts with EY in Washington DC have been tapped by the IDA to closely monitor developments on Capitol Hill as Donald Trump pushes through his US tax agenda. The consultants have a long term relationship with the agency to monitor policy ...
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KPMG
KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate - Duration: 43:00. The Fifth Estate 56,366 views · 43:00 · KPMG Story - Duration: 15:57. KPMG Nigeria 3,647 views · 15:57 · KPMG - Since Day One - Duration: 3:22. KPMG US 23,227 views · 3:22 · Adrian Lackay unpacks KPMG ...
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KPMG's TGI Video Webcast: Tax Reform 101
KPMG LLP's John Gimigliano explains why to attend the January 11, 2018, Tax Governance Institute video webcast, Tax Reform 101. Register at www.kpmg.com/us/t...
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Kenrick Tucker: 'I know it will bring tears to my eyes'
Lara Tucker will be keen to emulate the achievements of her dad Kenrick Tucker. Chris Ison ROK120717ccycle1. Use this content. Pam McKay. by Pam McKay. Pam McKay. Full Profile Login to follow. CYCLING: Thirty-six years after competing at the Commonwealth Games in Brisbane, Rockhampton's ...
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PBS American Masters— 'Lorraine Hansberry: Sighted Eyes/Feeling Heart'
It's one of the most iconic images in modern photojournalism. The blackened, burned out shell of what was once a blue Ford Fairlane station wagon circa 1964. It had been the car civil rights workers James Chaney, Michael Schwerner and Andrew Goodman were traveling in on the afternoon of June 21, ...
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Investors cheer Wockhardt on revival hopes; stock gained 41% in 2017
The company has appointed consultants to examine its working capital requirements and cost optimisation measures while consultancy EY has been roped in as an internal auditor to look at all the business processes. Datta said the company is in discussions with international banks regarding the ...
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You can reach music directors and fans by doing covers online
My first cover was 'Ey Sandakara' from 'Irudhi Sutru'. I had a good producer for the video and it came out really well. I got a lot of appreciation from music directors Imman Sir, Santhosh Narayanan Sir and actor Madhavan as well. Some of the music directors do much research on YouTube before calling ...
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ICAN inducts 650 new members, calls for transparency
She said that 74 percent of the fraud committed makes use of weak internal controls, adding that KPMG's Global Fraud Patterns showed that 40 percent of frauds are committed by people within the ages of 36 to 45; 85 percent by men; 82 percent by management (That is, 29 percent by management, ...
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Restoring, rationalising and reinventing risk
Both globally and across the Asia-Pacific E&Y continues to see advancements born out of the technology sector driving change within the banking industry. Developments in the FinTech arena and changes to the industry construct, such as Open Banking, are fundamentally changing the way the industry ...
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PACE student gets Six Sigma certificate
Sridhar said that Gurram Venkata Sai Pavan Laskhman Kumar, participated in the training programme by KPMG, for various students and employees from a number of prestigious institutions in the country at the college last month. After the validation of course performance, the organisation announced ...
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Call to stagger GST hike; or lower registration threshold for companies: Deloitte
IF the Goods and Services Tax (GST) is raised, the increase should be phased in gradually to lessen the impact on households, two professional services firms said. In separate reports outlining their recommendations for Budget 2018, Deloitte and EY both said any GST hike should be staggered.
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German medium-sized companies plan more investments, new jobs: study
Investment readiness and employment dynamics are to be expected in the first half of 2018 record values, the study "middle class barometer" carried out by the consulting firm Ernst & Young showed. 61 percent of the medium-sized companies surveyed rated their current situation as good, which is the ...
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Kite Realty Group Trust Announces the Promotion of David Buell to Senior Vice President, Chief ...
In his new role, Mr. Buell will be responsible for managing the Company's accounting, financial reporting and tax functions. He will report directly to Dan Sink, the Company's Executive Vice President and Chief Financial Officer. Before joining the Company, Mr. Buell was a Senior Manager at KPMG LLP.
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Sanford Heisler Sharp Announces Promotions & New Leadership Roles
KPMG LLP, the nation's largest gender discrimination class and collective action. Ms. Mueting leads a team of more than a dozen women fighting to challenge gender discrimination at the Big Four accounting firm. Since winning conditional certification of the Equal Pay Act claims in July 2014, more than ...
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LED Medical Diagnostics Announces Appointment of New Director
Mr. Topham's distinguished career includes 30 years with KPMG, with 20 years as an audit partner in the technology companies and computer audit practices with prior experience as a senior manager and staff accountant. He has been the lead partner for audit and related services for over 30 Canadian ...
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Qatar in top-5 list for deal activity in ENR
DOHA: A KPMG report focused on mergers and acquisitions (M & A) activity, has found that Qatar was within the top five countries for deal activity in the ... On the findings, Hady Kotry (pictured), Deals Advisory expert at KPMG in Qatar said: 'Mergers and acquisitions are fundamental growth factors for ...
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Industry Poised for Stronger Performance in 2018
Optimism about corporate earnings, credit availability, and equity valuations, supported by improved balance sheets, narrower bid-ask spreads, the consensus on oil prices, and the interest shown by private equity firms, are likely to propel M&A activity, EY said. In the 2018 oil and gas outlook published ...
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Upcoming IPO in January 2018: Silly Monks IPO opens Tomorrow
According to an EY report, in 2017 there was approximately 153 initial public offers came in the Indian stock market in 2017 and raised $11.6 billion. In the fourth quarter of 2017, there was an increase of 47 per cent quarter-on-quarter in terms of number of deals and 22 IPO's came into the market.
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Nonprofits Make A Gradual Move Into High-Tech Accounting
Analysis from EY Global Financial Accounting and Advisory Services Leader Peter Wollmert said CFOs are increasingly struggling to produce accurate financial reports thanks to a deluge of data. “CFOs worldwide are struggling to make the most of the increased volume and speed of data available to ...
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PA (Polyamide) Market Size, Industry Analysis & Forecast Report 2022
... Bond-Laminates GmbH, Btech, Burgmann Packings Braided Composites, Celanese Corporation, DSM, DuPont Automotive, EsPro Compounds, Essentium Materials LLC, Evonik Corporation, EY Technologies, Fibrtec, FRP Resource Inc, Goodfellow Corp, Grip Metal, Haufler Composites GmbH & Co.
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Japan's carmakers wrong-footed by America's love for big autos
Gary Silberg, a partner at KPMG in the U.S., sees the passenger car side of the auto industry consolidating into three or four major manufacturers as demand continues to slide. Overall U.S. sales of new automobiles in 2017, excluding commercial vehicles, shrank 1.8% on the year to 17.23 million units, ...
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KPMG To Acquire Global Identity And Access Management Business Of Cyberinc
KPMG LLP has agreed to acquire the Identity and Access Management business of Silicon Valley-based Cyberinc, which provides cyber security solutions globally. Cyberinc, the largest independent identity and access management (IAM) technology provider in the world, will enhance KPMG's existing ...
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Corporations will always be under cyberattack and there's no such thing as online privacy
Global consultants Ernst and Young LLP recently opened a multimillion-dollar cybersecurity innovation and operations center in downtown Dallas to combat growing global cybersecurity threats to corporate clients. Chad Holmes, EY Americas chief technology, innovation and strategy officer, talks about ...
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Ellen Confirms Kylie Jenner Is Pregnant By Looking At Khloe's Eyes
In her first public appearance since confirming her pregnancy after months of speculation, the reality TV star stopped by "The Ellen Show" on Thursday and tried to play coy about sister Kylie Jenner expecting a baby of her own. But host Ellen DeGeneres, of course, was having absolutely none of it.
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RL Worth & Associates Lands EY Lease in Farinon Business Park
San Antonio, Texas, Jan. 04, 2018 (GLOBE NEWSWIRE) -- San Antonio commercial real estate developer R.L. Worth & Associates today announced the leasing of 54,000 square feet of office space to Ernst & Young LLP (EY) in Farinon Business Park, located in a growing regional center northwest of ...
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Not lost in translation: Start-ups go regional to speak consumers' language
According to a KPMG-Google study, he said, by 2021 an expected 201 million Hindi users — 38 per cent of the Indian internet user base — will be online. The growth of any website or app will be possible only if they are able to expand and increase their audience beyond English-speaking netizens who ...
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Aurionpro Solutions surges as arm sells IAM business
Aurionpro Solutions surged 15% to Rs 284, also its 52-week high on BSE in intra-day trade, after Cyberinc, the company's subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January ...
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Voices The shifting sands of finance and audit
Changing technology is one of the main external reporting challenges that face the finance function, according to recent research from EY. With masses of data now at CFOs' disposal, there is pressure to deliver capabilities that include global and centralized systems, more transparent and regular ...
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Millennial Money to Drive China's Consumer Market: KPMG
Over the past decade, a growing middle class and rising incomes have been the main drivers of consumption in China, the world's second-largest economy. Now, according to a new study from global consultancy KPMG, it is millennials that will play an important role in shaping China's rapidly expanding ...
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Cybersecurity remains essential as KPMG buys identity security business
“As organizations innovate and transform their back, middle and front offices, identity and access management solutions that effectively bridge the gap between risk mitigation and customer experience are key to driving sustainable growth,” states Tony Buffomante, U.S. leader of KPMG's cyber security ...
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Voting begins for GGA London
Once the votes have been cast, these will be passed to global consultancy firm KPMG to verify the results before the 16 winners are announced at the presentation ceremony on Monday 5 February at The Hippodrome Casino, London. RELATED TAGS: Online | Land-Based | Industry | Sports Betting ...
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KPMG makes senior appointments in cyber security team
KPMG has appointed cyber security expert David Ferbrache as Chief Technology Officer in the firm's cyber security practice. Ferbrache brings over 30 years experience in technology risk and information security. He joined KPMG in 2013, prior to which he held the senior government post of head of ...
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IBBI new norms raises doubts among insolvency professionals
The new norms put the onus more on individuals as insolvency professionals rather than institutions. This could also force many IRPs to breach the 270 days deadline for resolution. By law, an insolvency professional can take advisory services from consultants like E&Y, PWC, Grant Thornton, KPMG.
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IBBI new norms raises doubts among insolvency professionals
The new norms put the onus more on individuals as insolvency professionals rather than institutions. This could also force many IRPs to breach the 270 days deadline for resolution. By law, an insolvency professional can take advisory services from consultants like E&Y, PWC, Grant Thornton, KPMG.
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