News
IASB, ISSB plan to work jointly on reporting framework’s future
The standards boards say they will collaborate on building the Integrated Reporting Framework into their standard-setting work.India’s Mahindra to explore more partnerships for EV parts
In an interview at the World Economic Forum summit at Davos, Mahindra’s CEO said the company is to use “significant funds” for its electric vehicle portfolio.Winning extra productivity with a 4-day workweek
The four-day workweek may be one way to boost productivity. Here’s what it could mean for your organisation.UK companies look beyond pay to deal with recruitment challenges
A UK survey found that only 27% of companies anticipate raising pay to ease recruitment difficulties in the next six months.FRC sets out expectations on discount rate use in reporting
Recommendations by the UK’s Financial Reporting Council cover consistency, transparency, obtaining third-party advice, and other topics relating to discount rates.Ukraine war to slash eurozone 2022 growth, boost inflation
Uncertainty is complicating the economic outlook across the euro zone. The European Commission on Monday cut its growth forecast.Europe in high-cost race to replenish gas reserves
Businesses can expect much higher energy costs in the coming months, in part because of possible disruption in supply from Russia.Global scramble for metals thrusts Africa into mining spotlight
Producers are searching for new sources of metals amidst growing geopolitical risk and widening sanctions against Russia.US sanctions ban provision of accounting, consulting services to Russia
Sanctions in response to the war in Ukraine include a ban on accounting and management consulting services, according to government statements issued Monday.Climate change putting 4% of global GDP at risk, new study estimates
A report by S&P Global shows that some regions could see significantly greater GDP losses by mid-century.How to effectively fill skill gaps
Here are five steps to design training that helps employees master the skills they and the business need.Eurozone factory output growth stalled in April
Supply chain disruptions and economic uncertainty slowed European manufacturing last month. The invasion of Ukraine and lockdowns in China are some of the reasons that bottlenecks were exacerbated.Shanghai factories scramble to reopen as COVID lockdown lingers
Around 70% of companies have restarted operations, with only employees living in ‘low-risk’ areas eligible for recall to work.Great Resignation sees more companies offer equity to staff
Organisations are turning to new incentive programmes to help retain employees.UK’s FRC highlights reporting obligations on modern slavery
Financial Reporting Council research found mandatory modern slavery statements were sometimes nonexistent or not publicised as required.Diversify global supply chains, don’t dismantle them, IMF says
Reshoring may cause more harm than good, according to recent research.Inappropriate use of social media: 4 things you should know
The requirement to uphold the standards of the profession extends to posting on personal social media accounts outside of work hours.Untangling the supply chain: What every industry can learn from an apparel company
Pandemic disruptions led to new strategies for this Australian company.World Bank says war to cut global growth forecast, boosts financing target
Europe and Central Asia are expected to see the biggest contractions, according to the World Bank president.
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