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Search resuls for: "Deloitte's"


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☆ 'No longer science fiction'? Metaverse could pump $1.4 trillion a year into Asia's GDP, report says
  + stars: | 2022-11-14 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +5 min
The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. watch nowDeloitte's new report, titled "The Metaverse in Asia: Strategies for Accelerating Economic Impact," examined the potential influence of the metaverse on 12 Asian economies. Developing the technology stacks, human capital and regulatory frameworks to realize Asia's trillion-dollar metaverse potential will benefit a wide range of industries and economic activities," said Kulasooriya. ObstaclesThough Deloitte's report suggests China could the biggest beneficiary in terms of GDP, the country still faces heavy regulatory challenges in developing the metaverse.
☆ Wall Street pushed into digital assets. Now investors are paying the price as FTX's crisis raises questions of a ripple effect in cryptoworld.
  + stars: | 2022-11-11 | by ( Rebecca Ungarino | Danielle Walker | ) www.businessinsider.com   time to read: +8 min
FTX, the crypto exchange in crisis, found backers in BlackRock, VanEck, and Ontario Teachers. The solvency crisis facing the exchange and its famous CEO raises questions of a ripple effect. Now, in the middle of crypto winter, FTX is in the middle of a solvency crisis. Binance, a rival crypto exchange that was initially going to buy FTX, backed out. "What we like about it is that we're not really speculating on whether prices of crypto assets, bitcoin or otherwise, are going up or down.
☆ Six in ten Britons will spend less at Christmas -Deloitte survey
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 7 (Reuters) - Six in ten Britons believe they will have less money to spend over the Christmas period than last year, according to a survey published on Monday, adding to evidence that a thrifty festive season beckons. The survey from Deloitte found 38% plan to switch to cheaper brands or stores to seek out gifts, and for Christmas Day dinner 35% plan to do at least part of their shop at a discount supermarket. "Consumers are entering the festive season with budgets under more pressure this year, and it is not surprising that almost all are considering affordability and adapting their typical Christmas spending habits in one way or another," Oliver Vernon-Harcourt, head of retail at Deloitte, said. With inflation at a 40-year high of 10.1%, interest rates rising and consumer confidence close to the gloomiest on record, Britons have cut their spending. Deloitte's findings chimed with surveys last month from Kantar and Accenture, which both showed Britons planning to cut festive spending this year.
☆ U.S. SEC fines Deloitte's China affiliate $20 million for auditing violations
  + stars: | 2022-09-29 | by ( John Mccrank | Boies | Hausfeld Among Law Firms Reaping | ) www.reuters.com   time to read: +2 min
"Investors in U.S. markets should be protected — and have trust in a company's financial numbers — regardless of whether an issuer is foreign or domestic." The SEC's enforcement action underscores the need for the Public Company Accounting Oversight Board (PCAOB) to be able to inspect Chinese audit firms, Gensler said. PCAOB inspections help identify weaknesses in firms' quality control processes, which were at the center of the SEC enforcement action against Deloitte-China. read moreDeloitte self-reported the violations at its China affiliate to the PCAOB in 2019 upon learning of them, an SEC official said. Register now for FREE unlimited access to Reuters.com RegisterReporting by John McCrank; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
☆ Walmart plans cautious holiday hiring amid slowing U.S. economy
  + stars: | 2022-09-21 | by ( Siddharth Cavale | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/IllustrationNEW YORK, Sept 21 (Reuters) - Walmart Inc (WMT.N) sounded a cautious note about holiday retail sales on Wednesday, planning to hire fewer workers than last year as it prepares for the critical season in the midst of a slowing economy. Amazon.com (AMZN.O) , Target , Macy's (M.N), Kohl's have not yet announced their holiday hiring plans. Holiday retail sales are expected to rise between 4% and 6% year over year from November to January for total sales of about $1.45 trillion to $1.47 trillion, according to Deloitte's annual holiday retail forecast released on Sept 13. Holiday shopping is also expected to start earlier than ever this year as "stretched wallets create urgency," Salesforce said in its report. Macy's CEO Jeff Gennette echoed those comments, saying he expects holiday shopping to start in October.
☆ The climate has changed — so should our economics
  + stars: | 2022-09-01 | by ( Jennifer Steinmann | ) www.businessinsider.com   time to read: +5 min
If we take decisive climate action now, there is potential to add $43 trillion in net present value to the global economy by 2070. Not only could un-checked climate change lead to significant damage on an environmental and human scale, but it would also be detrimental to the global economy. The Deloitte Economics Institute's recently released Global Turning Point report finds that unchecked climate change could create $178 trillion in global economic losses (in present value terms) between now and 2070. The Deloitte Economics Institute analysis reveals economic growth and opportunities through the new jobs, industries, and innovations that could lie ahead in the next 50 years if we take swift and substantive global climate action. How the transformation looks and unfolds will vary by region, but the Deloitte Economics Institute's modeling shows that nearly every country and sector would gain through swift decarbonization and climate action.
☆ 4 steps climate-conscious executives can take to become changemakers
  + stars: | 2022-03-15 | by ( Kathy Alsegaf | ) www.businessinsider.com   time to read: +6 min
Business leaders have a platform readily available to support their own organizations' climate transformation efforts, engage their employees in meaningful action, and help further external organizations' steps to fight climate change. So how can CxOs become climate changemakers and help tip the scales in favor of our planet's life span? And with CxOs reporting feeling increased pressure from these stakeholder groups around climate action, transparency on measuring progress and meeting goals are even more crucial. However, CxOs should find a compelling way to communicate these less obvious but highly effective sustainability actions. Clear, authentic, and frequent communication — backed up by real commitment and progress — is central to all four steps in becoming a climate changemaker.
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