IlluMyFi

“We are ready to get back to the table to reach a new agreement,” Boeing pledges, as walkout over pay deal begins

Beijing’s finance ministry has imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande.

PwC has also been hit with financial penalties totalling around £47m.

The ministry also imposed a fine of 116 million yuan (£12m) on PwC Zhong Tian LLP, the registered accounting entity and the main onshore arm of PwC in China, according to a statement on the MOF website.

China’s securities regulator said in a separate statement that it confiscated the unit’s revenue involved in the Evergrande case totalling 27.7 million yuan (£3m) and fined the unit 297 million yuan (£32m).

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0.39

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22.12.24 08:00

by theguardian.com

‘Heartless’ multinationals exploiting pensions loophole for UK workers

Hewlett Packard, American Express and Pfizer among firms to have frozen increases in payouts despite inflation

Some of the world’s richest companies are accused of exploiting a loophole in pension law to freeze increases in payouts for many former UK employees, despite the cost of living crisis.

The companies, which include Hewlett Packard Enterprise (HPE), American Express and Pfizer, are being urged to “do the right thing” and increase these frozen pension payouts in line with inflation. MPs have condemned the failure of companies to increase the payments in the face of high inflation in recent years as “heartless” and “unethical”.

United States of America