Global economy & markets

IESBA releases public interest entity database to support revision adoptions

ISSB seeks stakeholder feedback on two-year work plan; FCA opens consultation on equity shares.

Could AI actually expand the global job market?

A World Economic Forum report predicts an overall decline in jobs; it also shows that artificial intelligence will create more jobs than it eliminates by 2027.

Analysis: China’s small steps on offshore use of yuan are starting to add up

The yuan’s share of world trade financing increased to 4.5% in February from 1.3% two years ago, according to SWIFT.

Mining M&A spree to keep Australia dealmaking humming after $37 billion in first quarter

Australia’s Q1 M&A deal volume was 3.5% higher than the same period last year, while the US fell 44% and globally volumes were down 48%, according to Dealogic data.

UK labour shortages and lingering high inflation slow growth

Recent data shows that inflation remains above 10%. It is an economic environment that can bring management accounting skills “to the fore”.

UK CFO confidence takes a sharp turn upward

Finance leaders in a UK survey are far more optimistic about the prospects of their organisation than they were at the beginning of the year.

China’s exports rise unexpectedly, but economists warn of weakness ahead

Exports from China were up 14.8% year-on-year in March with imports falling by 1.4% — a lower fall than the 5% forecasted decline.

Global dealmaking sinks to lowest level in more than a decade

M&A deal volumes in 2023 Q1 dropped 44% in the US, 70% in Europe, and 29% in Asia Pacific, according to recently released data.

China’s Alibaba to break up empire into six units, as Jack Ma returns home

The largest restructuring in its 24-year history will allow most of the separate business units to consider IPOs, the company said.

Analysis: Social media-driven bank runs burden regulators with a bigger problem

The collapse of Silicon Valley Bank illustrates the new risk of social media-fuelled bank runs.

Spring budget focuses on support and growth opportunities for SMEs

The UK government’s budget looks to simplify the tax regime and enable more R&D investment support for small businesses.

Travel sector mulls green future, but tourists reluctant to pay

Sustainability is a key consideration for 24% of travellers, but only 5% to 10% are willing to pay at least a moderate surcharge for it, a survey found.

How companies are managing pay and rewards amid high inflation

Finance advises HR and leadership on what is possible for pay increases, rewards, and overall salary and people headcount costs.

UK businesses could save money under new data laws; FRC revises TAS 100

This week’s roundup examines developments in corporate reporting, along with an announcement on the UK’s sustainability partnership with Canada.

Economic optimism still low but improving; concerns about inflation remain

After hitting a historic low at the end of 2022, the outlook for the U.S. economy rebounded somewhat in February 2023, but inflation remains a concern, according to the first-quarter Business and Industry Economic Outlook Survey released by AICPA & CIMA.

Global economy & markets

IESBA releases public interest entity database to support revision adoptions

Could AI actually expand the global job market?

Analysis: China’s small steps on offshore use of yuan are starting to add up

Mining M&A spree to keep Australia dealmaking humming after $37 billion in first quarter

UK labour shortages and lingering high inflation slow growth

UK CFO confidence takes a sharp turn upward

China’s exports rise unexpectedly, but economists warn of weakness ahead

Global dealmaking sinks to lowest level in more than a decade

China’s Alibaba to break up empire into six units, as Jack Ma returns home

Analysis: Social media-driven bank runs burden regulators with a bigger problem

Spring budget focuses on support and growth opportunities for SMEs

Travel sector mulls green future, but tourists reluctant to pay

How companies are managing pay and rewards amid high inflation

UK businesses could save money under new data laws; FRC revises TAS 100

Economic optimism still low but improving; concerns about inflation remain

Why global debt and supply chain risks are likely to linger

The new Northern Ireland Brexit trade deal: What has been agreed

UK unveils scheme for energy-intensive companies; IESBA proposes code revisions

To raise prices or not? Consumer goods makers weigh bets

UK employers expect to raise wages as recruitment challenges persist

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