PwC | Global news | Crisis

An overview of PwC global news:

China

PwC braces for severe regulatory penalties in China over Evergrande scandal The Chinese arm of PwC is bracing for significant regulatory penalties following its involvement in auditing the troubled property developer Evergrande.
22 August 2024
China

PwC fires hundreds of staff in China amid Evergrande fallout PwC has been forced to fire hundreds of staff in China following a nosedive in accounting revenues from mainland-listed clients, and is anticipating further moves as the fallout from its Evergrande s
18 July 2024
Australia

PwC sends global leaders to Australia to damage control spiralling crisis Facing the risk of spiralling global crisis, PwC is scrambling to contain the damage caused by the ‘government leak scandal’ in Australia.
12 May 2023
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
United Kingdom

Professional services firms under pressure to cut Russia ties Under pressure to sever ties with Russia, several of the world’s largest professional services firms have closed their Russian offices.
07 March 2022
United Kingdom

Councils must play integral role in economic and social rebuild National and local governments must ‘rethink’ the role councils play in the wake of the coronavirus pandemic, if they are to ensure they present their constituents with the right level of services, a
27 July 2021
Middle East

Middle East businesses more resilient than global counterparts Businesses in the Middle East appear more resilient than their global counterparts along several crisis-response metrics – according to a new PwC study.
27 July 2021
India

PwC India gives entire staff bonus for pandemic resilience PwC India will add an extra two-weeks’ pay to the March 2021 salaries of its entire 15,000 workforce – a token of appreciation for the team’s rallying efforts during the pandemic.
25 March 2021
Singapore

Singapore tech startup scene poised for rebound after Covid-19 Funding has dried up for technology startups in Singapore since the start of this year, although PwC expects a resurgence in the near future as new opportunities emerge.
26 October 2020
India

How India can become a $10 trillion economy by 2034 A new PwC report suggests that now is the time for India to comprehensively reinvent its economy in line with long-term needs and ambitions. All that’s required is a “full-potential mindset.
08 October 2020
United Kingdom

Nine PwC firms working on UN-backed Covid-19 initiative Nine of PwC’s national and regional wings are teaming up to support a new global initiative and collaboration to help local communities recover better from the Covid-19 pandemic.
30 September 2020
Canada

Only 1 in 5 Canadians want to go back to the office, finds PwC Only 1 in 5 Canadians want to go back to the office full-time, according to a recent PwC Canada report.
24 September 2020
United Kingdom

8 charts on the economic cost of Beirut's port explosion The explosion in Beirut’s port on the 4th of August 2020 sent a shock through Lebanon, killing more than 220 people, injuring more than 6,500 and leaving some 300,000 people homeless.
16 September 2020
Lebanon

Economic damages of Beirut explosion over $20 billion While a month has passed since Lebanon was left reeling from a colossal explosion in its capital city, a new report has found that there is still a huge shortfall in funding for the rebuilding of Bei
16 September 2020
United Kingdom

16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
Australia

PwC stabilises revenue and limits Covid-19 job cuts to 250 Big Four firm PwC has stabilised its income in its latest financial year, despite seeing several months of its reporting period impacted by the Covid-19 crisis.
03 August 2020
Middle East

Middle East consumer behaviour changing and shifting online Despite feeling the financial strain from Covid-19, consumers across the Middle East are still willing to spend more in the near future, although patterns of consumption are likely to change.
24 July 2020
Australia

Working from home is making Melbourne a nicer place to live The Covid-19 pandemic and all that comes with it is driving up the liveability of Melbourne’s middle and outer suburbs, according to an analysis from PwC.
23 July 2020
Canada

Canadian miners resilient as globe struggles through pandemic Canadian and global miners entered the pandemic period in a good position, with strong balance sheets and improved liquidity, according to a recent report from PwC Canada.
23 July 2020
Canada

Retailers need to rethink customer journey, says PwC The Covid-19 pandemic is accelerating consumer behavior shifts which were underway even before the crisis hit, according to a recent consumer insights report from PwC Canada.
13 July 2020
United Kingdom

Premiership Rugby calls in PwC to guide restart plans Professional services giant PwC has been called on by Premiership Rugby to help plans to restart the season.
26 June 2020
India

How PwC, Deloitte, EY and KPMG are cutting employee costs As the consulting sector looks to navigate the challenging circumstances, the Big Four in India are making a number of adjustments to their employee costs in order to weather the storm.
18 June 2020
Middle East

Middle East CFO sentiment continues its slide as Covid-19 bites The sentiment of Chief Financial Officers (CFOs) in the Middle East continue to slide, according to PwC’s latest CFO Pulse Survey, which sheds light on how financial leaders in the region are absorbi
17 June 2020
United Kingdom

5G roll out facing "significant delay" due to coronavirus Despite conspiracy theorists routinely tying coronavirus to the installation of 5G internet apparatus, a new report has found that the pandemic has led to what could be a “significant delay” in the t
19 May 2020
India

Covid-19 could drive reevaluation of cyber security frameworks Covid-19 disruption has exposed gaps in the security mechanisms and crisis response plans for many businesses, according to partner & lead for cyber security at PwC India Siddharth Vishwanath.
15 May 2020
United States

PwC develops contact-tracing app for staff and clients Big Four firm PwC has developed a contact-tracing app to make the reopening of its offices – and its clients’ workplaces – safer.
05 May 2020
Australia

Covid-19 cost-cutting response of PwC, Deloitte, EY and KPMG Big Four accounting and advisory firms are embarking on cost-cutting measures while trying to minimalise job cuts, according to new reports from Livemint.
23 April 2020
India

PwC India's guide to business continuity during and after Covid-19 PwC India has come out with a guide for businesses to navigate the short term management challenges being posed by the Covid-19 crisis.
16 April 2020
Middle East

Middle East CFOs remain positive for a quick recovery following COVID-19 Finance leaders in the Middle East are expecting a sizeable impact from the global coronavirus pandemic according to a new survey by PwC, but the longer-term outlook remains buoyant.
16 April 2020
United States

PwC's 3,500 summer interns set for virtual internship The impact of Covid-19 has resulted in PwC US shifting its summer internship program to the virtual space.
15 April 2020
United Kingdom

PwC delays promotions as part of Covid-19 freeze Big Four firm PwC has announced that its annual staff appraisals in the UK have been deferred until the autumn.
14 April 2020
Australia

Work from home culture an opportunity for IT services The current ‘work from home’ culture forced upon people due to the Covid-19 crisis will drive significant benefits for providers of IT services, according to PwC partner Mohammad Chowdhury.
09 April 2020

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