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China said that US chipmaker Micron Technology’s products posed “serious network security risks” as it banned operators of key infrastructure from buying them, in its first big measure against an American semiconductor group. The Cyberspace Administration of China on Sunday announced that the company, which is the biggest US maker of memory chips, “posed significant
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Audits carried out by the Chinese arms of KPMG and PwC contained an “unacceptable” number of flaws, US inspectors said on Wednesday, as they vowed to expand examinations of large accounting firms in the country. The Public Company Accounting Oversight Board found multiple deficiencies in all four of the audits it examined by KPMG Huazhen,
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The head of PwC in Australia has resigned as chief executive three days after admitting that he had received emails regarding confidential government information on changes to tax avoidance laws to win new business. Tom Seymour, chief executive of PwC Australia since March 2020, has stood down with immediate effect following a discussion with the
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US and European companies have blamed disappointing earnings on a slower than expected economic rebound in China, after the country’s sudden reopening from pandemic restrictions prompted over-optimistic growth forecasts. Cosmetics group Estée Lauder was the most high-profile example this week, suffering its sharpest one-day share price fall on record after it cut sales forecasts because
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Crowds were gathering on London’s Mall on Saturday morning ahead of the coronation of King Charles III, heralding a day of ancient ceremony and military spectacle that will draw on a millennium of British history. Global leaders and foreign royalty will attend the event at Westminster Abbey — scene of royal coronations since William the
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