Latest Professional services News
A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
MILAN (AP) — Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump. “This could...
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
NEW YORK (AP) — Shares of Super Micro Computer plunged 33% Wednesday after the server maker disclosed that Ernst & Young had resigned as its public accounting firm. According to a regulatory filing from Super Micro, EY resigned while conducting an audit for the tech company's...
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
HONG KONG (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for international accounting...
New Orleans is finally paying millions of dollars in decades-old legal judgments
NEW ORLEANS (AP) — Decades of unpaid money judgments owed by the city of New Orleans may finally be paid soon. New Orleans City Council on Thursday voted to make payments on a variety of legal judgments including wrecks that involved police cars and disputes over city contracts,...
As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth
DUBAI, United Arab Emirates (AP) — As conflict casts a shadow across the Middle East, people are getting rich in Dubai. The desert sheikdom’s economy is buzzing with tourism and construction as it positions itself as a safe haven in a region that's resting on a knife’s edge...
