Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says June 27, 2025 By Jahna Jacobson The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock...
Swedish Insurer Folksam Divests $160 Million Tesla Stake April 2, 2025 Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about...
Brazil Says Workers at China’s BYD Site Are Victims of Human Trafficking December 31, 2024 By Fabio Teixeira Chinese workers at a construction site in Brazil for a factory owned by China’s electric vehicle producer BYD are victims...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit September 13, 2024 By Julie Zhu and Xie Yu Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
China Evergrande Group’s Liquidators Start Legal Action Against PwC August 7, 2024 By Bloomberg News China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction...
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say August 5, 2024 Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
PwC Starts Mass China Layoffs After Losing Dozens of Clients July 10, 2024 By Bloomberg News PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of...