PwC | Global news | Page 7

An overview of PwC global news:

Canada

KPMG Canada hit with $1.4-billion lawsuit over Bridging Finance collapse PwC Canada, the receiver for Bridging Finance, is suing KPMG Canada for $1.4 billion over alleged deficiencies in the firm’s auditing of the private debt manager, which collapsed in 2021.
20 April 2023
Spain

Eurofighter jet contracts will create 26,000 jobs in Spain Two contracts for the manufacture of NATO fighter jets will provide Spain with up to 26,000 jobs. The deal is expected to contribute around €1.7 billion to Spain’s GDP.
14 April 2023
Middle East

Building trust in the Middle East through quality information The importance and nature of trust is evolving in the Middle East, with accurate and quality information at its core, writes PwC partner Mohamed Elborno.
12 April 2023
United Kingdom

Executives receive pay outs for 'easy' sustainability targets As countries across Europe, including the UK, struggle to live up to their net-zero pledges, a new report suggests that linking executive bonuses to sustainability goals has done little to help.
12 April 2023
Saudi Arabia

Saudi Arabia to see M&A growth opportunities in 2023 Saudi Arabia has become one of the region’s prime markets for companies eyeing mergers and acquisitions (M&A), according to analysis by PwC.
09 April 2023
Europe

PwC beefs up SAP consulting practice with purchase of Avoras PwC has beefed up its SAP practice with the acquisition of Avoras, a SAP Gold Partner with teams in Europe, the United States, and Asia.
06 April 2023
Europe

Web3 platform Chainlink Labs inks agreement with PwC Chainlink Labs, the developer of the Web3 services platform Chainlink, has struck a partnership with accounting and consulting firm PwC.
29 March 2023
United Kingdom

Leading family businesses best at building trust UK family businesses have bounced back from the 2020 recession, with two-in-five reporting double-digit growth over the last 12 months.
28 March 2023
United Kingdom

PwC hires pensions risk expert Dweenisha Caleechurn Dweenisha Caleechurn has joined PwC as a Director.
23 March 2023
United Kingdom

Marula Mining taps PwC for African expansion A UK-listed mining firm has tapped consultants from PwC for a projects spanning the continent of Africa.
22 March 2023
Middle East

Middle East a rare 'sweet spot' for mergers and acquisitions At a time when dealmaking activity is cooling down across most corners of the globe, the scene in the Middle is hotter than ever – with little signs of slowdown, according to PwC’s latest M&A industr
21 March 2023
Middle East

Khaled Bin Braik (PwC) selected for prestigious Young Global Leaders The World Economic Forum has unveiled its 2023 class of Young Global Leaders, with PwC’s Khaled Bin Braik one of just four consultants worldwide – and the sole in the region – to be admitted into the
20 March 2023
Canada

Despite declining confidence, Canadian consumers still spending Despite heavy concerns about their personal finances, Canadian shoppers are still spending, according to a late-2022 PwC survey of 500 Canadians.
17 March 2023
Africa

PwC to advise mining company on East Africa expansion Marula Mining has engaged consultants from PwC to provide a variety of professional services in their move to expand their operations to Kenya.
17 March 2023
United Kingdom

PwC to acquire HR technology firm People Force People Force has agreed to be acquired by Big Four consultancy PwC. The deal, which takes place for an undisclosed fee, is expected to reach completion by April 2023.
15 March 2023
Saudi Arabia

Egis works with PwC on purchase of 700-strong Omrania in Saudi French engineering and consulting group has significantly beefed up its presence in the Middle East with the acquisition of Omrania, a Saudi architectural and engineering firm with around 700 staff.
14 March 2023
Cyprus

CEOs in Cyprus share bleak outlook on economy and risks landscape In sharp contrast to twelve months ago, CEOs in Cyprus are – in similar fashion to their global counterparts – relatively pessimistic about global economic growth and their company prospects over the
13 March 2023
Europe

‘China to curb power of Big Four accountants and consultants’ China's government is trying to curb the power of the Big Four, especially in the audit domain, according to reports from Bloomberg citing discussions with high-ranked partners within the Chinese org
07 March 2023
India

India’s CEOs more bullish on economy than global counterparts Indian CEOs are more optimistic about their country's prospects than their global counterparts, with 57% expressing positivity compared to 29% worldwide.
05 March 2023
China

China to account for 25% of global luxury goods market by 2025 China’s luxury goods market is back to booming times, according to a new report by PwC.
02 March 2023
Egypt

PwC advised ADNOC on its market entry deal in Egypt Abu Dhabi National Oil Company (ADNOC) has completed its acquisition of a 50% stake in TotalEnergies in Egypt, in a move that sees the Emirati oil giant enter the Egyptian market.
02 March 2023
China

China pushing for shift away from Big Four to local audit firms With tensions between China and the United States continuing to simmer, China’s Ministry of Finance has reportedly asked state-owned enterprises to stop relying on the Big Four for their audit needs
28 February 2023
Canada

Flair Airlines hires former PwC consultant Maciej Wilk as COO Flair Airlines, an Edmonton-headquartered ultra low-cost carrier, has hired former PwC consultant Maciej Wilk as chief operating officer.
27 February 2023
United Kingdom

Consulting firms maintain 'cautious optimism' on 2023 M&A market Following a record year, the 12 months of 2022 saw a fall in the volume and value of M&A activity.
21 February 2023
Saudi Arabia

PwC’s consultants sign agreements with Saudi government authorities PwC’s digital consultants have bagged two contracts in Saudi Arabia – taking the stage at the recently concluded mega tech fest LEAP to showcase their ‘wins’ to the world.
14 February 2023
United Kingdom

Women's sports revenues set for double-digit growth Revenues for women's sports are expected to grow by 15% by 2026, according to a new report.
14 February 2023
United Kingdom

PwC adds Johnny Colville as Partner in deals wing Johnny Colville has joined PwC’s deals practice, as the firm chases opportunities specialising in smaller deals.
06 February 2023
Middle East

The consultancies shaping the agenda of tech event LEAP One of the world’s top technology events, LEAP, is back, and is promising to be even bigger and better than last year’s award-winning inaugural edition.
04 February 2023
Egypt

PwC launches regional technology & innovation centre in Egypt Global consulting giant PwC has launched a new technology and innovation centre in Egypt, with the aim of building a talent hub that services PwC teams and clients across the Middle East and beyond.
03 February 2023
Portugal

Police raid Portugal offices of BCG and PwC in corruption probe Consultants of two of the world’s largest professional services firms have found themselves at the heart of a major corruption probe in Portugal.
27 January 2023
Middle East

GCC countries will buck the global recession, say PwC economists With public finances enjoying a healthy surplus on the back of booming oil-based revenues, and consumer optimism despite economic headwinds, the GCC is expected to buck the global recession.
19 January 2023
Middle East

One third of Middle East workers eyeing new job While the ‘great resignation’ has most famously hit employers hard in western economies, large waves of people have also been re-evaluating their roles in economies around the world.
16 January 2023

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