Global economy & markets

What COP26 commitments mean for accounting and finance

Circular economy: What is it, and what role do finance professionals play?

• Survey: UK executives expect a quantum leap for quantum computing

  Nearly half of UK executives with a working knowledge of quantum computing believe the emerging technology will have a significant impact by 2025, according to the results of an EY survey.

• How high? Markets ramp up terminal rate pricing as inflation bites

  In the US, Fed fund futures are now pricing in rate hikes that imply a terminal rate of around 3.9% in mid-2023, up from around 3% at the start of June.

• The war in Ukraine raises the risk of modern slavery

  Be aware of red flags for modern slavery risk, following the UN’s International Organization for Migration’s warning relating to the war in Ukraine.

• UK retail and hospitality get Jubilee boost

  Retail footfall increased by 17.1% for the week to 5 June, peaking at an increase of 45.6% on Thursday against the average for May.

• Government expands UK regulatory scope and powers related to auditing

  Listed companies with more than 750 employees and over £750 million annual turnover will come under the UK’s FRC replacement, the government plans.

• Most US finance leaders see recession risk in year ahead

  The CPA Outlook Index, an equally weighted, nine-component measure of sentiment, remained in positive territory, falling from 73 points to 67 points out of 100, but it was the fourth consecutive quarterly decline in economic outlook.

• 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.

• 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.

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