McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment

Black journalist forced America to confront the evils of lynching

Healthcare tech group chief calls estimate to deal with coronavirus ‘conservative’ as it boosts medical equipment production

Hedge fund billionaire cites Silver Lake-backed company’s reliance on international travel

Organisers expected to delay flagship event in order to let European domestic leagues finish

Dow wipes out gains of the Trump presidency amid fears antivirus measures are inadequate

Every major asset class has been disrupted

Energy sector leads US S&P 500 to 2.3% gain   

Stocks rise but crude tumbles as world’s largest oil ETF cuts stake

Countries ban exports in attempt to protect environment as consumption is set to soar

Should the UK deliver its promises, infrastructure contractors will be in for a bonanza

Differences remain but Europe leaders are growing accustomed to US president’s style

The epidemic could weaken Donald Trump and Xi Jinping, feed conspiracy theories and lead to closed borders

Several long-running conflicts are edging towards a temporary halt to hostilities

Private equity firms in separate discussions to back coronavirus-hit Serie A

Player values tumble as Europe’s top teams prepare to cut spending after pandemic weakens revenues

Combination of O2 and Virgin Media set to transform British telecoms market

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China

Outbreak ripples across US, European and Asian equity markets

Jim Ratcliffe-led chemicals group adds top-flight team to growing sports portfolio

Under lockdown, communities are finding new ways to voice their defiance, anger and support

UK government spending faces increasing pressures

Samsung overnight released its earnings guidance for the first quarter of 2020, stating that it expected sales of $45.4 billion and an operating profit of roughly $5.3 billion. The company’s fiscal year is aligned to the standard calendar year, and it will announce official earnings results on April 23. Those numbers are slightly up from […]

LinkedIn has cornered the market when it comes to putting your own professional profile online and using it to network for jobs, industry connections and professional development. But when it comes to looking at a chart of the people, and specifically the leadership teams, who make up organizations more holistically, the Microsoft-owned network comes up […]

For the most part, its unravelling ought to be of deep concern. But we need a new social compact

Kim-Mai Cutler Contributor Kim-Mai Cutler is an operating partner for Initialized Capital, an early-stage venture firm and was previously a journalist covering technology, finance and policy issues at TechCrunch -- best-known for her long-form work on the Bay Area. More posts by this contributor The outlook for Bay Area startup space in 2017 OpenVote launches […]

US, China and Europe must work together to defeat coronavirus

We knew it was going to be bad — but not necessarily “lowest level since 2013” bad. As Apple was busy reporting its earnings, Canalys just dropped some of its own figures — and they’re not pretty. After two quarters of much-needed growing, the global smartphone market just took a big hit. And you no […]

Early-stage companies often have trouble dealing with the amount of data that can run through the organization, especially as it grows. Large sums are spent on data software, dislocated data, dealing with data pipelines. All of which involve data warehousing, cleaning tools and a visualization platform. Count is a startup that is an attempt to […]

Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed at small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with participation from General Catalyst. […]

Microsoft is embarking on a new sustainability initiative as part of its overall approach to support environmental protection measures, with a project it calls the “Planetary Computer.” This will actually be a computing endeavor that uses aggregated global environmental data collected from a number of sources as its input, and that will seek to employ […]

Modern Games is a new studio working to create games that combine physical and digital play. The company was founded by husband-and-wife team Justin and Amanda Kifer — serial entrepreneurs who previously launched companies including Citizen Local (acquired by MyLife in 2011) and Fidgetly, a fidget spinner company that also created a motion controller for […]

By the end of 2019, the global gaming market is estimated to be worth $152 billion, with 45% of that, $68.5 billion, coming directly from mobile games.

Modern Games is a new studio working to create games that combine physical and digital play. The company was founded by husband-and-wife team Justin and Amanda Kifer — serial entrepreneurs who previously launched companies including Citizen Local (acquired by MyLife in 2011) and Fidgetly, a fidget spinner company that also created a motion controller for […]

In its March 2020 update, the U.S. Energy Information Administration (EIA) significantly revised its Short-Term Energy Outlook for global oil supply, demand, and prices compared with the February Short-Term Energy Outlook. These updates largely resulted from updated data and assumptions about the effects of the 2019 novel coronavirus disease (COVID-19) on global oil demand and assumptions regarding the Organization of the Petroleum Exporting Countries (OPEC) crude oil production following its meeting on March 6. EIA now forecasts that OPEC will target market share instead of a balanced global oil market. As a result, EIA expects that OPEC crude oil production will increase to an average 29.1 million barrels per day in the second and third quarters of 2020. EIA forecasts that global demand for liquid fuels will grow by 0.4 million barrels per day from 2019 to 2020, down from the 1.0 million barrels per day increase EIA previously forecasted in February. The revised March estimate is driven by EIA's expectations of slowing economic growth, primarily related to the effects of the coronavirus outbreak. EIA expects the decline in global liquid fuels demand, combined with the increase in OPEC production, to result in significant global oil inventory builds in the first half of 2020-putting continued downward pressure on prices. EIA forecasts Brent oil prices will average 43 dollars per barrel in 2020 and 55 dollars per barrel in 2021.

As a result of the global economic slowdown related to COVID-19, the U.S. Energy Information Administration estimates that global petroleum and liquids consumption will average 95.5 million barrels per day in 2020, down 5.2 million barrels per day from 2019. EIA forecasts that U.S. oil consumption will decline 6.5% in 2020 to average 19.1 million barrels per day, which would be the largest percentage decline in U.S. consumption since 1980. At the same time, in its April 2020 Short-Term Energy Outlook, EIA expects global oil supply to increase in the coming months from first-quarter 2020 levels. Total world liquids supply will average 98.7 million barrels per day through the third quarter of 2020. These supply and demand developments are contributing to a significant increase in liquid fuels inventories. EIA estimates that second-quarter 2020 global petroleum inventories will increase an average 11.4 million barrels per day. Within the Organization for Economic Cooperation and Development, the most stocks recorded in historical data were in July 2016 at 3.1 billion barrels. EIA forecasts inventories will surpass this level as production continues to outpace consumption. EIA expects these large stock builds will put downward pressure on crude oil prices for several months. Brent crude oil prices averaged 32 dollars per barrel in March, the lowest monthly average since January 2016. EIA forecasts Brent crude oil to average 23 dollars per barrel during the second quarter of 2020 before increasing to an average 46 dollars per barrels in 2021.

The sale of New South Wales' and Queensland's utility assets will be among the most eagerly anticipated power deals globally in 2015, according to a PwC report released today.

Governments must apply renewed focus to achieve fiscal balance and sustainably reduce the cost of delivery.

Australia dropped six places to 15th position - the largest drop out of the 27 OECD countries measured.

The global mining industry's fight for value and free cash flow has descended into a brawl, after 2014 saw the world's 40 largest miners ramp up production, slash capital spending, and rein in costs.

The PwC network reported total global gross revenues of US$35.4 billion for the fiscal year ended on 30 June 2015.

The emerging global market for business services using drone technology is valued at over US$127 billion with the drone revolution disrupting industries ranging from agriculture to filmmaking.

PwC Australia has recruited former CEO and Managing Director of David Jones Limited, Paul Zahra as Global Retail Advisor to add fuel to its growing retail and consumer practice.

1. Promising coronavirus vaccine candidate from China in talks to be tested globally  Times Now
2. China conducts first successful coronavirus vaccine test on monkeys  Times of India
3. Inactivated PiCoVacc vaccine found safe, efficacious in animal study  The Hindu
4. Chinese drugmaker in talks to test coronavirus vaccine globally: Report  Hindustan Times
5. Covid-19: The race to develop coronavirus vaccines is heating up  Times of India
6. View Full coverage on Google News

This afternoon Airbnb, a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in a memo that TechCrunch viewed. In the note, written by Airbnb CEO and co-founder Brian Chesky, the […]

CLAIRE BLOOMFIELD IN PARIS: It was a mixed for Liverpool as Virgil van Dijk was pipped to the Ballon d'Or by six-time winner Lionel Messi, but Alisson was crowned the world's best goalkeeper.