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☆ Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

A federal judge said Mark Zuckerberg is not personally liable in over two dozen lawsuits. AdvertisementA federal judge said Meta CEO Mark Zuckerberg is not personally liable in over two dozen lawsuits accusing his company of causing social media addiction in children. Plaintiffs said that Meta knew Instagram and Facebook posed health risks to its users, especially children. The court's ruling comes as world leaders crack down on some social media companies over claims that they are addictive to children and teens. AdvertisementIn Australia, Prime Minister Anthony Albanese this week announced plans to introduce a law banning children under 16 from having social media accounts.

Persons: Mark Zuckerberg, Meta, Instagram, —, Yvonne Gonzalez Rogers, Plaintiffs, Zuckerberg, TikTok, Anthony Albanese, Antigone Davis, Previn Warren Organizations: Facebook, Service, Associated Press, Meta, Business, Motley Rice LLC, Big Tech, Google Locations: California

☆ Seaman rescued after more than 20 hours at sea off Australia’s east coast
▼ + stars: | 2024-11-09 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

CNN —A seaman who fell off a cargo ship survived almost 20 hours at sea before being rescued off Australia’s southeastern coast on Friday, according to emergency services. Marine Rescue NSW vessels were deployed to search for a seaman who had fallen off a cargo ship. Marine Rescue NSW/Facebook“He was wearing a life jacket, he was conscious, he was able to communicate with us, he was very cold, he was hypothermic and exhausted – he was absolutely exhausted,” she added. The authority said it had deployed water police and marine rescue units for the rescue, as well as two sea vessels and two helicopters. Jason Richards from NSW Marine Rescue told 9News that they had no idea how long the man was in the water for in the beginning.

Persons: “, Erin Laughton, CNN’s, –, Jason Richards, 9News, he’d Organizations: CNN, Boatrowers, NSW Ambulance, John Hunter Hospital, ” NSW Ambulance, . NSW Ambulance, Marine Rescue NSW, Marine Rescue, Facebook, Australian Maritime Safety Authority, NSW Marine Rescue Locations: Singapore, New South Wales, Beach, Newcastle, ”

An engine failure forced pilots on a Quantas flight to make an emergency landing shortly after it took from an airport in Sydney, Australia. Passengers heard a loud bang shortly after flight 520 from Sydney to Brisbane left the runway on Friday afternoon, the airline said in a statement, adding that it was not an explosion. Engineers concluded after a preliminary inspection and confirmed the Boeing 737 jet suffered a contained engine failure, the statement added. “After circling for a short period of time, the aircraft landed safely at Sydney Airport,” Qantas’ chief pilot, Capt. The plane “was banking a lot” as it turned to prepare for its eventual descent back into Sydney, Willacy said.

Persons: shudder, Mark Willacy, ”, Richard Tobiano, Willacy, ” Firefighters Organizations: Passengers, Brisbane, Engineers, Boeing, ABC News, Sydney Airport, Qantas ’, ” Locations: Sydney, Australia, Australian, “

☆ Australian airports hit by outage at immigration counters
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: 1 min

A technical outage crippled all of Australia's major airports on Friday, leading to long queues at international terminals after the disruption of automated kiosks for identity and facial recognition, authorities said. In a statement the Australian Border Force (ABF) said immigration staff were added to manually process travelers, adding, "The issue is currently being rectified and systems are slowly returning online."

Organizations: Australian Border Force

☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ Dollar winds down after volatile week, China NPC in focus
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +4 min

The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."

Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco

☆ Qantas flight makes emergency landing after engine failure
▼ + stars: | 2024-11-08 | by ( ) edition.cnn.com time to read: +2 min

Sydney Reuters —A Qantas Airways plane bound for Brisbane suffered an engine failure after takeoff on Friday and circled for a short period of time before returning safely to Sydney Airport, the Australian airline said. The airline said its engineers had conducted a preliminary inspection of the engine and confirmed it was a contained engine failure, meaning the internal engine parts stayed within the protective housing designed to keep them safely enclosed. Uncontained engine failures, where engine fragments fly out of this housing, can result in serious damage to the main body of an aircraft. Qantas flight QF520 took off from Sydney at 12:35 p.m. (8.35 p.m. Thursday ET), circled a few times and diverted to land at Sydney, tracking data from Flightradar24 showed. Qantas said the plane landed safely after appropriate procedures were conducted and added it would be investigating the cause of the engine issue.

Persons: Mark Willacy, QF520, “, France’s Safran Organizations: Sydney Reuters —, Qantas Airways, Sydney Airport, ABC, Qantas, Sydney, Boeing, CFM International, GE Aerospace Locations: Brisbane, Sydney, Flightradar24

☆ U.S. allies, haunted by past Trump insults, race to delete posts and praise election victor
▼ + stars: | 2024-11-07 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

“A political pyromaniac who must be put before a criminal court,” Jean Asselborn, then-foreign minister for Luxembourg, said of Trump after the Jan. 6, 2021, Capitol riot. "Trump has ruined it all," Croatian President Zoran Milanović said, also in 2021. Following Trump’s election victory, at least two of these U.S. allies, the U.K. and Australia, have had to dial back some of their previous attacks. U.K. Foreign Secretary David Lammy in September. Charles Parton, who served as a British diplomat for almost four decades, said that “the Labour Party has got some grounds to make up” after a perception that Starmer's party had favored the Democrats.

Persons: Donald Trump's, Kevin Rudd, Trump, “, ” David Lammy, ” Jean Asselborn, Zoran Milanović, Rudd, ”, won’t, David Lammy, Neil Hall, government’s, Trump’s, Harris, Keir Starmer, Charles Parton, Parton, Nigel Farage Organizations: Capitol, Australian Government, Foreign, Bloomberg, Getty, ”, U.S, Relations, Labour Party, Trump, Federal, Commission, Labour, Democrats Locations: U.S, Luxembourg, Australia, United States, British

Weeks after sticky black balls washed up on the famed beaches of Sydney, Australia, scientists say they have partly solved the mystery behind the “disgusting” blobs. Initially thought to be tar balls, the golf-ball-size debris turned out to be something much different — a combination of decomposed cooking oils, hair and food waste, the New South Wales Environment Protection Authority (EPA) said Wednesday. Balls collected for testing in a laboratory at the University of New South Wales in Sydney. They said preliminary test results indicated that the blobs were tar balls formed when oil comes into contact with debris and water. Sydney Water confirmed there were no issues at the Bondi or Malabar water facilities, while Transport for NSW Maritime reviewed recent weather patterns but found no clear answers, according to the statement.

Persons: “, Balls, Jonathan Beve, ”, William Alexander Donald, Donald, we’re, ” Donald Organizations: New South, New South Wales Environment Protection Authority, University of New, Authorities, University of New South Wales Sydney, NBC News, Sydney Water, Transport, NSW Maritime Locations: Sydney, Australia, New South Wales, University of New South Wales, Bondi, University of New South, Victoria, Malabar

☆ Australia proposes ‘world-leading’ ban on social media for those under 16
▼ + stars: | 2024-11-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

“Social media is doing harm to our kids, and I’m calling time on it,” Albanese said at a news conference. A number of countries have already vowed to curb social media use by children through legislation, though Australia’s policy is one of the most stringent. No jurisdiction so far has tried using age-verification methods such as biometrics or government identification to enforce a social media age cut-off, two of the methods being trialed. Mick Tsickas / AP“The onus will be on social media platforms to demonstrate they are taking reasonable steps to prevent access,” Albanese said. Last year, France proposed a ban on social media for those under 15, though users were able to avoid the ban with parental consent.

Persons: Anthony Albanese, ” Albanese, Albanese, ”, Mick Tsickas, Michelle Rowland, Rowland, TikTok, Elon Musk’s, Sunita Bose, “ Organizations: Liberal Party, Australian, ”, Facebook, YouTube, Digital Industry Group, Google, DIGI Locations: SYDNEY, Australia, Canberra, France, United States

☆ Raygun, the Olympic breakdancer who became a laughing stock, says she is retiring because of the backlash
▼ + stars: | 2024-11-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Gunn suffered ridicule and false rumors after her Paris Olympics performance. AdvertisementThe Olympic breakdancer Rachael "Raygun" Gunn is retiring from the sport after facing a barrage of online hate and misinformation. The 37-year-old Australian became a laughing stock this summer after her viral Paris Olympics performance, which included moves that were compared to a kangaroo hopping and the dancing of a child. Speaking at her concert in Munich in August, Adele said Gunn's performance was her "favorite thing that's happened in the Olympics." "Having that Olympic stamp for any sport changes the game of play," Born Barikor, the chair of the UK organisation Breaking GB, told Fortune.

Persons: Rachael, Raygun, Gunn, —, France's Syssy, Lithuania's Nicka, she'd, 2DayFM, it's, Samuel Free, AUSBreaking, Harry Langer, Adele, Jimmy Fallon, Fallon, I've, you've, Mark Kolbe, Joycelyn Wilson, Fortune, Gunn didn't Organizations: breakdancing, Olympics, Angeles, Service, Paris Olympics, Angeles Olympics, International Olympic, Getty, Georgia Institute of Technology, Breaking, Macquarie University, Nova, Business Locations: Sydney, Munich, Australian

Rachael "Raygun" Gunn has announced that her professional break dancing career is over, citing the online reaction to her Paris Olympics performance. The Australian dancer — who went viral for her unorthodox performance at the 2024 Olympic Games — said that while she still breaks, she's not going to compete anymore. She was awarded zero points at the Olympics, leading many to wonder how she qualified for the Games to begin with. As videos of her performances went viral, so did conspiracy theories about her entry into the competition. While her competitive days may be behind her, Gunn seems to have found another way to keep her love for breaking alive.

Persons: Rachael, Raygun, Gunn, —, she's, Jimmy, Nath, It’s, she'd, I’ve Organizations: Paris Olympics, Games, Olympics, Australia

☆ Viral breakdancer Raygun will no longer compete after Olympics backlash
▼ + stars: | 2024-11-06 | by ( ) edition.cnn.com time to read: +2 min

Melbourne, Australia Reuters —Breaker Rachael “Raygun” Gunn’s signature kangaroo bounce will not be seen on a competitive stage again after the Australian declared she could not bring herself to battle following the backlash over her Paris Olympic performance. The 37-year-old was mocked online and in the mainstream media for everything from her moves to her green official team kit. “I’m not going to compete any more, no,” she said on 2DayFM. “I was going to keep competing, for sure, but that seems really difficult for me to do now to approach a battle. But, you know, that’s like in my living room with my partner.

Persons: Rachael “ Raygun, Gunn, “ I’m, “, “ It’s, Samuel Free, I’ve, ’ Organizations: Australia Reuters, Paris, Concorde, Sydney, Games, Australian Olympic Locations: Melbourne, Australia, Los Angeles

☆ Economist on Australia & AUD's exposure to external risks
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist on Australia & AUD's exposure to external risksBen Jarman, J.P. Morgan's Chief Economist for Australia & New Zealand, explains how factors like trade policies, China's economic stimulus, and the US election may affect the Australian economy and currency.

Persons: Ben Jarman, J.P Organizations: Morgan's, Australia & New Locations: Australia, Australia & New Zealand

☆ Leigh Haussen: Umpire suspended after dressing up as Osama bin Laden at party
▼ + stars: | 2024-11-05 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —Australian Rules umpire Leigh Haussen has been suspended after dressing up as Osama bin Laden at a party, the Australian Football League (AFL) said in a statement sent to CNN. According to the AFL, the theme of the party was “characters from the 2000s.”“Haussen dressed in a costume as Osama Bin Laden. AFL head of umpiring Stephen McBurney said that Haussen has owned up to his choice of costume. Leigh is a valued member of the umpiring group with an unblemished record both throughout his umpiring career and since his elevation to the AFL umpires list in 2017. “We will support Leigh to make his return to umpiring AFL football following this suspension.”

Persons: Leigh Haussen, Haussen, Al, ’, ”, Osama Bin Laden, “, Stephen McBurney, “ Leigh, ” McBurney, Leigh Organizations: CNN, Australian Football League, AFL Locations: Al Qaeda, Melbourne

☆ U.S. dollar is little changed Tuesday night as presidential election winds down
▼ + stars: | 2024-11-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The U.S. dollar was little changed against other global currencies on Tuesday evening as voting began to wind down in the presidential election. The foreign exchange market could be one of the first areas of the financial system to react as election results roll in. Traders generally expect that a strong night for former President Donald Trump and Republicans in Congress could push the greenback higher. The dollar has generally strengthened in the runup to Election Day. The ICE U.S. Dollar Index rose more than 3% in October, though it has dipped in recent days.

Persons: David Zervos, Donald Trump, Paul Christopher Organizations: U.S, greenback, U.S ., Jefferies, Traders, Republicans, Wells, Investment Institute, ICE Locations: Mexican, U.S

Chris Martin, frontman of the band Coldplay, fell through a trap door onstage in Melbourne, Australia, during a concert on Sunday. He is seen backing into a trap door, where a crew member caught him. Martin is not the only artist to have had a mishap with a trap door recently. Olivia Rodrigo fell through an opening onstage at her own Melbourne concert at the Rod Laver Arena on Oct. 14. Marvel Stadium shared on its Instagram that Coldplay broke the venue’s attendance record after 227,000 people came to see the band.

Persons: Chris Martin, Martin, That's, Coldplay, Olivia Rodrigo, Rod Laver, Rodrigo Organizations: Coldplay, Melbourne’s Marvel, Sunday, Marvel, Rod Laver Arena, AC, Billboard Locations: Melbourne, Australia

☆ Australia announced a sweeping plan to forgive 20% of student debt
▼ + stars: | 2024-11-04 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Australian prime minister Anthony Albanese said he would cut student debt by 20% next year. AdvertisementThe Australian government on Sunday announced a sweeping plan to forgive 20% of student debt for around 3 million Australians. The debt relief is designed to promote "intergenerational equity," Albanese told Australian Broadcasting Radio on Monday, according to Bloomberg. AdvertisementHowever, Biden's efforts to grant broad student loan relief have hit several stumbling blocks. Biden's Education Department is continuing to work on debt relief proposals; if finalized, the latest one would benefit 8 million borrowers facing hardship.

Persons: Anthony Albanese, —, Albanese, it's, Andrew Norton, Richard Holden, Ayelet Sheffey, Biden's, Donald Trump, Kamala Harris Organizations: Service, Sunday, Labor, Australian Broadcasting Radio, Bloomberg, Australian National University, University of New, ABC News, Biden's, Department Locations: University of New South Wales

Australian golfer Jeffrey Guan has vowed to return to the sport and “conquer any obstacle” after he was struck in the face by a golf ball and completely lost sight in his left eye. “The instant ringing and pain rushed to my head, and I dropped to the ground,” Guan wrote. Any activity that required energy, including walking and eating, would leave him in “excruciating pain,” he wrote. Though he missed the cut, “just competing in the event was a massive accomplishment,” Golf Magazine wrote. He had recently signed a deal with Sportfive, a sports marketing company based in Germany that also represents Spanish professional golfer Jon Rahm.

Persons: Jeffrey Guan, ” Guan, “, ”, Guan, Guan’s, Jon Rahm Organizations: Catalina Golf Club, PGA Tour, Australia, Australian Sports Foundation, Sportfive Locations: Australian, New South Wales, Australia, ”, Canberra, Sydney, California, Germany, Spanish

☆ I tried a $1,000 steak at the Fontainebleau Las Vegas. It was the ultimate Sin City dining experience.
▼ + stars: | 2024-11-01 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +8 min

I tried the $1,000 Beef Case at Papi Steak, the celebrity-loved restaurant at the Fontainebleau Las Vegas. AdvertisementWithin minutes of finding our table at Papi Steak, the flashy Miami transplant at the equally flashy Fontainebleau Las Vegas, an EDM song blasts from the speakers. But there'd be no $1,000 Beef Case without the original Papi steak, once just a fixture of Einhorn's star-studded barbecues. When the Fontainebleau Las Vegas opened its doors in 2023, the pair knew they wanted to bring their concept to the West Coast. And in a city like Las Vegas, plenty of hot spots use their Instagram clout and A-list clientele to mask a subpar dining experience.

Persons: —, Anneta, Harry Met Sally, Meg Ryan, David " Papi, Einhorn, Papi Steak, It's, David Grutman, LIV, Leo DiCaprio, David, Papi, Grutman, DiCaprio, Jennifer Lopez, David Beckham, Tom Brady —, I've, Caesar, crème Organizations: Fontainebleau, Service, Beef, Business, Groot Hospitality, Miami, Michelin Locations: Papi, Fontainebleau Las Vegas, Vegas, gawk, Japan, Las Vegas, Miami, South Beach, West Coast, Sin City

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ U.S. dollar rally pauses before jobs data, Aussie droops on RBA outlook
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.

Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe

Thousands of Oasis tickets on the secondary market will reportedly be relisted on Ticketmaster at face value, according to the BBC. Oasis, Ticketmaster and SJM Concerts did not immediately respond to requests for comment. Oasis had announced that tickets for the Oasis '25 Live tour could only be resold at face value using Ticketmaster or the ticket resale marketplace Twickets. The demand for Oasis tickets has been high since the band, which features brothers Noel and Liam Gallagher, has not performed together in 15 years following a lengthy feud between the Gallaghers. Since then, Oasis has been taking steps to get tickets in the hands of loyal fans and away from scalpers.

Persons: Oasis, Noel, Liam Gallagher Organizations: Ticketmaster, BBC, Oasis, U.S Locations: scalpers, Melbourne, Ireland, North America, Toronto, Chicago, Los Angeles, Mexico City, East Rutherford , New Jersey

☆ Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

After two scandals this year, PwC's business in the Asia-Pacific region has fallen. While PwC faced these regional setbacks, it hit record-high revenues and hired 10,000 new employees. AdvertisementAfter scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. AdvertisementDespite the regional impact on the business, PwC posted an overall growth of 3.7% to reach record-high gross revenues of $55.4 billion. Like other leading consultancies, PwC has been hit by falling demand for consulting services, and its growth rate has slowed.

Persons: PwC, —, Mohamed Kande, Uber, we've Organizations: Service, Big, PwC, Google, Australian Financial, EY, Deloitte Locations: Asia, China, Australia, India

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