Business news today spans pressure points from geopolitics to consumer finance, with technology and corporate oversight also in focus. In Europe, Brussels has proposed a 21st sanctions package against Russia that would, for the first time, bar former Russian soldiers involved sin...
Business news today spans pressure points from geopolitics to consumer finance, with technology and corporate oversight also in focus. In Europe, Brussels has proposed a 21st sanctions package against Russia that would, for the first time, bar former Russian soldiers involved since the invasion of Ukraine from entering the EU, while also tightening measures on banks, crypto networks and oil-shipping “shadow fleet” operators. In Australia, investors are weighing a very different kind of policy shift after NAB suggested the Reserve Bank’s run of rate hikes may soon give way to cuts as growth weakens and households strain under living costs. Corporate scrutiny remains high in Britain, where the FRC has opened an investigation into PwC’s audit of WH Smith after the retailer admitted a major profit overstatement in its US business. Elsewhere, Sony is preparing mass production of a new X-ray CMOS sensor, and Infomedia has expanded its European automotive aftersales footprint with the completed acquisition of VEACT.
Top Business stories
- PwC faces Financial Reporting Council probe over WH Smith audit (4 sources)
- NAB predicts the RBA may soon cut rates after three consecutive hikes (4 sources)
- EU proposes entry ban on Russian troops in 21st sanctions package targeting Moscow (4 sources)
- IMF says Nigeria’s reforms improve economic conditions, but poverty is rising (3 sources)
- Majak Daw shares message after a suicide attempt (3 sources)
- Bombardier plans major Singapore service expansion with facility expected in 2028 (3 sources)
- Epstein’s long-time executive assistant testifies before US House committee (3 sources)
- Bryan Cranston pays tribute after Catherine O’Hara’s death (3 sources)
Preston Herald
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