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The Latest Breaking News from Deloitte

This CEO has a plan to jumpstart the U.S. battery industry

Cadenza's Christina Lampe-Önnerud says the U.S. will be a lithium ion battery industry superpower again.

Fortune

HP disputed with auditors whether Lynch fraud behind $5bn of Autonomy writedown, filing says

Documents submitted to US court in case over allegations founder duped HP into overpaying for software firm

The Guardian - UK

Firms that donate to political parties twice as likely to win government contracts, analysis finds

Transparency group says donating companies should be banned from government contracts but constitutional expert disagrees

The Guardian - AU

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Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

AAP

CEOs defend corporate 'purpose' amid ESG backlash

The Amazon founder's estate could save about $32 billion in taxes by relocating to Miami.

Fortune

Optus loses court bid to keep report into cause of 2022 cyber-attack secret

Federal court rejects legal privilege claim over Deloitte’s assessment of breach that affected millions

The Guardian - AU

Execs are rethinking how to weigh in on social issues in the face of economic headwinds

While many shy from saying “ESG,” they maintain their aspirations to work toward a more equitable future are intact.

Fortune

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Former Merck CEO Ken Frazier on the responsibility of CEOs to uphold principles despite politics

Plus: Frazier talks about the shareholders who trusted his vision enough to support him in his early days at the helm.

Fortune

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

Fortune

Staying Ahead of the Hackers

While content piracy can’t be entirely defeated, companies are adapting to increased threats

TV Tech

Almost half of CEOs surveyed have a pessimistic outlook for the economy

A Fortune survey conducted with Deloitte found CEO pessimism is ticking back up from the beginning of the year.

Fortune

Australian academics apologise for false AI-generated allegations against big four consultancy firms

Case studies created by Google Bard AI as part of submission to parliamentary inquiry proven to be factually incorrect

The Guardian - AU

Holiday gridlock. Nearly half of America plans to travel between Thanksgiving and mid-January

Get ready for a frantic holiday season.

Fortune

More UK consumers planning to increase spending this Christmas, survey suggests

Some 26% of consumers intend to spend more this festive season, up from 19% last year, according to Deloitte’s Consumer Tracker poll.

The Independent UK

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Fortune

Companies are focused on cost reduction in case of a recession–but they should be preparing for the recovery that will likely happen

'A soft landing may be possible, if not likely.'

Fortune

These CEOs are rising to the occasion–and condemning the brutal Hamas attack on Israel. The rest of civil society is MIA

More than 75 multinational companies have issued statements with strong condemnation of Hamas’s terrorism, write Yale's Sonnenfeld and Tian.

Fortune

The average American shopper will drop $1,652 worth of holiday cheer this year, Deloitte predicts

Spending is expected to surpass pre-pandemic levels.

Fortune

Modern companies need a purpose. Execs share advice

“It’s so incredibly powerful [to] have a very clear sense of your objectives.” Angela Hwang, Pfizer’s chief commercial officer said during a MPW panel.

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Fortune

When and how to speak out, according to these execs

“We want to advocate for certain things; we don’t want to agitate,” Mattel’s executive vice president and chief brand officer said at Fortune’s Most Powerful Women Summit.

AAP

Consulting firms' problems fuelled by pursuit of growth

A Senate committee has been told stories of toxic work culture and conflicts of interest, which experts say are driven by the "aggressive pursuit of growth".

Fortune

Making corporate social impact sprawl work for you

Corporate social impact sprawl is increasingly a feature of today’s commercial realities, not a bug.

The Guardian - UK

Average income of Deloitte UK partners tops £1m for third year in a row

Payouts rose by 5% after operating profits increased to £756m and pension advisory business was sold

Fortune

Women drop $15 billion more annually on medical expenses than men. How employers can fix the covert health insurance ‘pink tax’

That's excluding pregnancy costs, believe it or not.

The Guardian - AU

Morning Mail: Court clash over Australians in Syria camp, potential flu breakthrough, Trump goes ‘full fascist’

Activists hope to force government to bring home Australians stuck in ‘dire’ camp; scientists think cell discovery could aid vaccine development

The Guardian - AU

Australia’s corporate watchdog launches ‘confidential proceedings’ against Deloitte partner

The partner has been referred to a disciplinary panel for investigation, the firm tells a NSW parliamentary inquiry

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