Page 264 - Bloomberg

British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

KPMG and its partner Adrian Wilcox failed to audit with sufficient professional skepticism, according to the Financial Reporting Council, which published a decision notice on Monday

A $1.5 trn ESG debt market bleeding clients, corporates began to walk away

Rachel Richardson, head of ESG at London-based law firm Macfarlanes, says this year might be "a bit of a crunch point for both borrowers and lenders" in the market for sustainability-linked loans

Adani group offers first $409 million bond since Hindenburg crisis

Hindenburg levied accusations of fraud and stock manipulation in a report in early 2023

Malaysia may renew search for MH370 flight decade after it vanished

MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia

Nikkei breaches 40,000 for 1st time, leads Asia higher in event-packed week

The Nikkei reclaimed its 1989 peak last month as investors from around the world piled into Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits

Israeli attendance unclear as Gaza talks look ready to stumble: Report

Progress toward a pause in fighting has been stalled for weeks as Israeli Prime Minister Benjamin Netanyahu bristled at Hamas conditions he termed 'delusional'

How realtor wove $12 billion tapestry of fraud - the biggest in Vietnam

The country's largest-ever fraud case is among a slew of high-profile proceedings following from the Communist Party of Vietnam's crackdown on corruption

US Fed's Jerome Powell to double down on 'no rush to cut' message

They're expected to press the Fed chief on why officials are keeping borrowing costs so high, risking damage to the economy, when they've made so much progress on inflation

Shehbaz set to return as Pak's PM after old-guard parties form coalition

Sharif was prime minister until parliament was dissolved in August in the leadup to elections, and he handed power to a caretaker government

Elon Musk's X could face European Union's crackdown on digital dominance

DMA, set to take effect on Thursday, lays out a series of dos and don'ts for likes of Alphabet Inc.'s Google Search, Apple's Safari, Amazon.com Inc. and Meta Platforms Inc.'s Facebook among others

AI firms face growing list of lawsuits as new tools spark fresh questions

The lawsuit filed Thursday adds to a growing list of legal complaints against the ChatGPT maker in recent months

Google slashes jobs in trust & safety while others work 'around the clock'

Google is increasing its reliance on its trust and safety staff, even if it's doing so with fewer people

'Categorically disagree' with Elon Musk's lawsuit, says AI startup OpenAI

In a separate memo, also seen by Bloomberg, Altman called Musk a hero of his and said he misses the person he knew who competed with others by building better technology

Lawyers who killed Elon Musk's $56 bn pay package seek Tesla stock

Austin-based Tesla, with a $645 billion valuation, is among the largest companies in the world by market cap

WTO agrees to extend moratorium on e-commerce tariffs for two years

The WTO talks failed to secure deals on other contentious trade issues including a crackdown on agriculture and fisheries subsidies

China's factory activity slows for 5th month as weak demand hampers growth

A gauge of non-manufacturing activity rose to 51.4, versus an estimate of 50.7, helped by a pickup in travel and tourism during a recent long holiday

Mumbai plans to build Rs 4,120 crore treatment plant amid water woes

The water treatment plant will be one of the largest in the world in terms of capacity, the company said

Govt expects piracy attacks to rise in Red Sea, stretching navy resources

The attacks in the Arabian and Red Sea were the focus of discussions between US Secretary of State Antony Blinken and his Indian counterpart Jaishankar at the recent Munich Security Conference

Billions awarded in Indian brothers' Los Angeles real estate court feud

The trial, over allegations that Haresh breached a long-standing partnership with his siblings, continues with a punitive damages hearing Monday that could add to the award

WTO talks deadline extended again as ministers struggle to crack deals

The final gathering, pushed back for a second time, is now set for 2 p.m. Abu Dhabi time - past the original end of Thursday evening