PwC in the news as the Big Four firm faces audit, AI, and market pressures amid a shifting global deals landscape. Big four backbone.
Dubai's financial district experienced a minor incident after debris from an interception caused smoke and damage. Iran has threatened to target US and Israeli economic sites amid ongoing regional conflict, with recent drone and missile attacks on Gulf countries. Several firms have evacuated staff for safety.
Russia's health ministry has approved new guidelines requiring women who do not want children to see a therapist to foster positive attitudes toward childbirth. The policy aims to address declining birth rates amid demographic challenges, but its implementation and impact remain uncertain as official publication details are pending.
The US is facing ongoing legal battles over President Trump's authority to impose tariffs. Courts are questioning whether he has properly invoked laws to justify new tariffs, which are scheduled to expire in July. Meanwhile, business leaders expect tariffs to remain a fixture in US trade policy beyond the current administration.
Since mid-April, Scottish dealmaking has shown signs of recovery with high-profile transactions like NatWest's acquisition of Evelyn Partners and AG Barr's acquisitions. However, deal completion remains challenging due to longer processes, deeper due diligence, and cautious buyers, especially outside top-tier assets. Market activity is more selective and competitive.