EY Pays Over £100 Million to Settle NMC Health Legal Claim May 18, 2026 By James Booth EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims...
Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court May 18, 2026 By Trista Xinyi Luo, Pearl Liu and Venus Feng China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland...
PwC’s Hong Kong Unit Agrees to Pay $166M to Settle HK Evergrande Audit Probe April 23, 2026 By Kiuyan Wong and Trista Xinyi Luo PricewaterhouseCoopers LLP’s Hong Kong unit agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into...
Starbucks May Be Neglecting Labor Dispute Risks, Shareholder Proxy Firms Warn March 16, 2026 By Waylon Cunningham Starbucks may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning...
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...